THDF II Inc DBA The Home Depot Foundation & Homer Fund

EIN: 582491657 501(c)(3) Human Services

Atlanta, GA

Total Revenue
$110,964,312
Total Expenses
$99,843,310
Total Assets
$267,385,821
Net Assets
$211,516,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
GA
Principal Officer
Erin Izen
Phone
7704338211
Tax Period
2024-02-01 to 2025-01-31

THDF II Inc DBA The Home Depot Foundation & Homer Fund, founded in 1999, is a major nonprofit in the Human Services sector that reported $111.0M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $99.8M left a modest 10% surplus.

Mission

THDF II, Inc. has two divisions, The Homer Fund and The Home Depot Foundation. The Homer Fund provides financial assistance to qualifying Home Depot associates and their families in the form of hardship grants and need based academic scholarships; The Home Depot Foundation is primarily dedicated to improving housing issues faced by U.S. veterans, training skilled tradespeople to fill the labor gap, supporting communities impacted by natural disasters and other charitable initiatives.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $97,981,454
Program Service Revenue $0
Investment Income $13,637,630
Other Revenue $-654,772
TOTAL REVENUE $110,964,312

Expense Breakdown

Grants Paid $89,639,155
Salaries & Benefits $4,890,769
Fundraising Expenses $1,224,294
Program Expenses $95,322,399
Other Expenses $5,313,386
TOTAL EXPENSES $99,843,310

Year-over-Year Comparison

2024 2023 Change
Revenue $110,964,312 $122,388,930 -0.1%
Expenses $99,843,310 $99,345,837 +0.0%
Net Income $11,121,002 $23,043,093 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
48
Volunteers
56228

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$361,103
Total Directors
3
$0
Key Employees
2
$499,963
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Crystal Hanlon Chair and President 1.00
Officer Director
$0 $0 $0
Scott Bomar Trustee 1.00
Director
$0 $0 $0
Peter Muniz Trustee and Secretary 1.00
Officer Director
$0 $0 $0
Erin Izen Executive Director 20.00
Officer
$0 $0 $0
John Dennison Treasurer (from 8/15/24) 40.00
Officer
$103,673 $14,768 $135,817
Monica R Casey Asst. Secretary 1.00
Officer
$0 $0 $0
Marianna M Faircloth Asst. Secretary 1.00
Officer
$0 $0 $0
John Ellington Treasurer (until 5/31/24) 40.00
Officer
$96,699 $9,296 $225,286
S Robinson Director, Homer Fund 40.00
Key Emp
$170,739 $17,086 $266,097
H Prill Director, Strategic P'ships 40.00
Key Emp
$172,832 $12,784 $233,866
C Davis Sr. Manager, Events & Comm 40.00
Highest
$164,431 $17,442 $217,912
J Wimberley Sr. Manager, Employee Engagement 40.00
Highest
$147,912 $23,820 $201,895
A Barrett Sr. Manager, Finance & Grants Admin 40.00
Highest
$140,534 $26,641 $186,299
E Headlee Manager, Strategic P'ships 40.00
Highest
$125,684 $15,871 $162,331
E Issa Manager, Homer Fund 40.00
Highest
$120,778 $12,086 $154,328
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $110,964,312 $99,843,310 $267,385,821 $11,121,002
2024 $122,388,930 $99,345,837 $238,812,966 $23,043,093
2023 $101,755,366 $101,686,213 $187,069,766 $69,153
2022 $101,549,543 $84,303,195 $203,202,715 $17,246,348
2021 $109,861,621 $73,215,897 $179,301,928 $36,645,724
2020 $94,197,269 $84,498,196 $136,063,692 $9,699,073
2019 $90,404,095 $80,363,137 $112,524,611 $10,040,958
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