Homecrest Foundation
- Assets
- $192.4k
- Revenue
- $23.3k
- Investments
- $168.6k
- Employees
- 0
- Location
- Geneva, IL
- Founding
- 11/1962
- Data as of
- 12/2021
- EIN
- 36-2465306
Organization Overview
Homecrest Foundation is located in Geneva, IL. The organization was established in 1962. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homecrest Foundation 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, Homecrest Foundation generated $23.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $120.5k during the year ending 12/2021. While expenses have increased by 5.0% 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.
Since 2015, Homecrest Foundation has awarded 47 individual grants totaling $627,256. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corda Murphy Treasurer | 2 | $0 | |
Elizabeth Richards Director/tre | 2 | $0 | |
Mary Beth Saldivar Secretary | 1 | $0 | |
Name Not Listed Director | 1 | $0 | |
Jeffrey Merz President | 1 | $0 | |
Maria Freeman Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,008 |
| Interest on Savings | $82 |
| Dividends & Interest | $5,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,193 |
| Capital Gain Net Income | $16,193 |
| Net ST Capital Gain | $245 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,304 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $335 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,388 |
| Total operating and administrative expenses | $11,348 |
| Contributions, gifts, grants paid | $109,160 |
| Total expenses and disbursements | $120,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,720 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,146 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $192,416 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,124 |
| Total liabilities | $1,124 |
Grants Awarded
Over the last fiscal year, Homecrest Foundation has awarded $109,160 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CRYSTAL VANDERLINDEN PURPOSE: CARE GIVING | $24,600 |
CONSTANCE LEIFHEIT PURPOSE: RENT SUPPORT | $24,000 |
TRACIE EGGERT PURPOSE: CARE GIVING | $22,800 |
TIM LINDSAY PURPOSE: CARE GIVING | $19,751 |
JEWEL BABCOCK PURPOSE: CARE GIVING | $13,425 |
SHARON SIMPSON PURPOSE: CARE GIVING | $1,950 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Senior Communities Group Health Plan Indianapolis, IN | $8,703,398 | $37,045,158 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Barton Creek Senior Living Center Inc West Des Moines, IA | $120,925,043 | $23,689,068 |
Kenton Housing Inc Latonia, KY | $68,380,829 | $31,745,821 |
Washington & Jane Smith Community- Orland Park Orland Park, IL | $98,659,201 | $23,019,583 |
Clare Oaks Bartlett, IL | $26,201,984 | $13,279,793 |
Ness Healthcare Nfp Lincolnwood, IL | $31,649,898 | $15,770,291 |
Moosehaven Inc Mooseheart, IL | $55,843,533 | $19,375,610 |
Masonic Home Independent Living Ii Inc Masonic Home, KY | $142,516,912 | $16,410,935 |
Oakwood Village Prairie Ridge Homes Inc Madison, WI | $61,014,266 | $15,535,778 |
Saint Anne Home And Retirment Community Fort Wayne, IN | $21,467,824 | $25,970,139 |
Friends Of Faith Retirement Homes Inc Waterloo, IA | $88,184,689 | $24,765,907 |