Homewood Living Foundation
Homewood Living Foundation reported $10.3 million in revenue and $1.6 million in expenses for calendar year 2024. Of every $100 it spent, $42.16 went to program services, $12.77 to management and general costs and $45.07 to fundraising. Its largest source of revenue was contributions and grants: 74.2% of the total. The highest compensation it reported for one person was $1,127,514 (PARENT PRESI). 1 person received more than $100,000 in reportable compensation. Revenue rose 168% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $1.6MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $10MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 42.2% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.8% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 45.1% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.02 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 74.2% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $1,127,514 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 71.48% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 1 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 179.4 | 6.9 |
| Independent voting board members Part VI 1a–1b | 5 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseResident care - payments enable the homewood group to (a) provide services to residents who are unable to pay for their services, (b) maximize occupancy which keeps daily fees at a reasonable level. The Homewood Living Foundation raises funds for a variety of important initiatives, including: benevolent care for homewood residents who may need special assistance the homewood benevolent endowment fund, established in 1972, receives gifts for benevolent care. These funds are distributed among the retirement communities to assist with the financial needs of residents who meet established…
Capital campaign and fundraising allocations - funds which flow through the foundation to provide capital support for establishing and maintaining facilities used by the homewood group to carry out their exempt purposes. The Homewood Foundation raises funds for a variety of important initiatives, including: capital campaigns for expansion and beautification projects special projects and activities within the homewood communities
Resident life enrichment endowment fund (rleef) - provides funds for enhanced programming to provide special activities and events at each of the homewood's five sites, to enhance and enrich the lives of residents
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PARENT PRESI Director/trustee, officer, 1.00 hrs/week | $0 | $991,860 | $135,654 | $1,127,514 |
| VP OPERATION Officer, 1.00 hrs/week | $0 | $611,065 | $59,335 | $670,400 |
| TREASURER/VP Officer, 1.00 hrs/week | $0 | $433,034 | $88,853 | $521,887 |
| SECRETARY Officer, 40.00 hrs/week | $332,056 | $0 | $28,271 | $360,327 |
1 people received more than $100,000 in reportable compensation from Homewood Living Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $242K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 5 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 65
Private foundation grants it received
8 private foundations reported grants to Homewood Living Foundation totaling $44,249 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Homewood Living Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Homewood Living Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Homewood Living Foundation spent in 2024, $42.16 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Homewood Living Foundation's spending goes to programs?
In calendar year 2024, Homewood Living Foundation reported that 42.2% of its $1.6 million in expenses went to program services, 12.8% to management and general and 45.1% to fundraising (Form 990, Part IX).
How much does Homewood Living Foundation pay its top executive?
The largest total compensation Homewood Living Foundation reported for one person in calendar year 2024 was $1,127,514, for the role of PARENT PRESI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Homewood Living Foundation get its money?
Of $10.3 million in revenue in calendar year 2024, 74.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).
Is Homewood Living Foundation a registered charity?
The IRS lists EIN 52-1892689 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202533189349312658 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423209349319657 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349308214 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243189349310064 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113199349305846 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043109349302044 · read the filing
All filings for EIN 52-1892689: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.