Passes our checks

The Homestead Community

EIN 26-0680550 · Gig Harbor, WA

Public records show a registered, tax-exempt organization in good standing.

What it says it does

The Homestead Community's mission is to provide housing & resources for foster families and children in foster care.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 56 out of 100. Higher than 25% of charities in its peer group (human services, $250k to $1m).

Reserves
0 of 35
Spendable reserves are negative: it owes or has committed more than it holds.
Debt
16 of 20
It owes 27% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 45% of income.
Income trend
10 of 15
Income fell 9% on the year before.
Spending floor
15 of 15
88% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Weak: 33 out of 100. Higher than 7% of charities in its peer group (human services, $250k to $1m).

Independent board
5 of 25
0 of 7 voting board members are independent.
Conflict of interest policy
0 of 15
Reports no written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
0 of 5
Reports that it does not keep minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)

$112,752 spent. Rental Property for Foster Care Families The Homestead Community operates three residential rental properties dedicated to supporting families providing foster care. By offering affordable, stable housing, the organization helps foster families maintain safe and suitable homes for children in their care, reducing financial barriers and promoting long-term placement stability and family well-being.
$10,335 spent. Care Supplies and Support for Foster Families and Children in Foster Care The Homestead Community provides direct assistance to foster families and children in foster care through essential supplies and support services tailored to individual family needs. Assistance may include groceries, children's clothing, birthday gift cards, translation services, and other resources that reduce financial hardship, strengthen foster family stability, and promote the health, well-being, and successful placement of children in foster care.
$3,128 spent. Christmas Party and Gifts for Children in Foster Care The Homestead Community hosts an annual Christmas celebration for children in foster care and their foster families, providing a welcoming opportunity for families to gather, celebrate, and build community. The event includes holiday activities, refreshments, and the distribution of age-appropriate gifts to children in foster care.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2008.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.