Homewood Corporation
- Assets
- $6.6m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 32
- Location
- Milwaukie, OR
- Founding
- 10/1989
- Data as of
- 12/2021
- EIN
- 94-3101853
Organization Overview
Homewood Corporation is located in Milwaukie, OR. The organization was established in 1989. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. As of 12/2021, Homewood Corporation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homewood Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Homewood Corporation generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. While expenses have increased by 2.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A NOT-FOR-PROFIT ORGANIZATION PROVIDING 113 UNITS OF RETIREMENT HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED 113 UNITS OF QUALITY HOUSING AT RENTS BELOW MARKET VALUE TO ELDERLY PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Meyers Vice President | OfficerTrustee | 1 | $0 |
Phil Fogg President | OfficerTrustee | 1 | $0 |
Cindy Larvick Sec/treas | OfficerTrustee | 1 | $0 |
Steve Hopper Director | Trustee | 0.5 | $0 |
Nancy Austin Director | Trustee | 0.5 | $0 |
Nick Knapp Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,107 |
| Total Program Service Revenue | $3,037,784 |
| Investment income | $7,296 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,048,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,140 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $893,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,195 |
| Payroll taxes | $80,461 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $72,611 |
| Office expenses | $115,411 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $173,482 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $226,917 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,259 |
| Insurance | $62,061 |
| All other expenses | $30,257 |
| Total functional expenses | $2,810,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350 |
| Savings and temporary cash investments | $808,970 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,237 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $83,988 |
| Net Land, buildings, and equipment | $4,879,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $763,587 |
| Total assets | $6,584,808 |
| Accounts payable and accrued expenses | $120,565 |
| Grants payable | $0 |
| Deferred revenue | $84,269 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,154,055 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,400 |
| Total liabilities | $6,365,289 |
| Net assets without donor restrictions | $219,519 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,584,808 |
Grants Awarded
Over the last fiscal year, Homewood Corporation has awarded $100,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PACIFIC CONFERENCE FOUNDATION PURPOSE: Operational | $75,000 |
Clackamas, OR PURPOSE: Operational | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Stand For Children Leadership Center Portland, OR | $49,704,888 | $40,592,191 |
Friends Of Kexp Seattle, WA | $29,661,098 | $14,424,316 |
Peer Health Exchange Inc Oakland, CA | $17,018,779 | $10,628,893 |
Quest Programs Inc Berkeley, CA | $653,814 | $5,006,490 |
Skagit Gleaners Mount Vernon, WA | $1,099,319 | $4,011,965 |
Pasadena Child Development Associates Inc Pasadena, CA | $1,901,761 | $4,779,997 |
Mei Fong And Associates San Francisco, CA | $4,072,950 | $3,702,871 |
Siff Seattle, WA | $8,790,308 | $6,032,606 |
Frandelja Enrichment Childrens Program San Francisco, CA | $3,565,331 | $3,467,814 |
Homewood Corporation Milwaukie, OR | $6,584,808 | $3,048,187 |
Mending Matters San Diego, CA | $790,458 | $2,939,787 |
San Diego Soccer Club San Diego, CA | $867,238 | $2,543,714 |