Homeward
- Assets
- $3.5m
- Revenue
- $5.3m
- Investments
- $2.4m
- Employees
- 29
- Location
- Richmond, VA
- Founding
- 09/2004
- Data as of
- 06/2022
- EIN
- 05-0606153
Organization Overview
Homeward is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 06/2022, Homeward employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward 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 06/2022, Homeward generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 17.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HOMEWARD BRINGS TOGETHER HOMELESS SERVICE PROVIDERS, LOCAL GOVERNMENTS, FAITH, ACADEMIC, AND BUSINESS COMMUNITIES, HOMELESS AND FORMERLY HOMELESS INDIVIDUALS AND CONCERNED CITIZENS TO COMBINE EFFORTS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWARD COMMUNITY INFORMATION SYSTEM: A SECURE DATABASE USED BY HOMELESS SERVICE PROVIDERS TO COORDINATE SERVICES FOR PEOPLE EXPERIENCING HOMELESSNESS, TO IDENTIFY GAPS AND OVERLAPS IN SERVICE NEEDS, AND TO MEASURE PROGRAM AND SYSTEM LEVEL EFFECTIVENESS. HOMEWARD OVERSEES DATA COLLECTION, REPORTING, AND TRAINING AND ENSURING THAT FEDERAL AND STATE REQUIREMENTS ARE MET.
HOMEWARD IS THE DESIGNATED PLANNING AND SUPPORT AGENCY FOR THE GREATER RICHMOND CONTINUUM OF CARE (GRCOC), A NETWORK OF MORE THAN 22 NON-PROFITS AND 8 LOCAL GOVERNMENTS WORKING TOGETHER TO FIGHT HOMELESSNESS. IN OUR ROLE AS THE "COLLABORATIVE APPLICANT" FOR THE GRCOC, HOMEWARD SERVES AS THE LEAD FACILITATOR FOR COORDINATING PUBLIC SECTOR TO ADDRESS HOMELESSNESS; SUPPORTS THE ACCESS, ASSESSMENT, AND REFERRAL POLICIES AND PROCESSES FOR THE GRCOC; AND SERVES AS AN ADVOCATE AROUND ISSUES OF HOMELESSNESS LOCALLY AND NATIONALLY.
HOMEWARD CONDUCTS PARTICIPATORY DATA ANALYSIS THROUGH INTERVIEWS WITH PEOPLE EXPERIENCING HOMELESSNESS AND THROUGH PROGRAM LEVEL DATA COLLECTION. BASED ON THESE FINDINGS, WE PARTNER WITH OTHER COMMUNITY SYSTEMS ON STRATEGIC DATA MATCHING STUDIES TO LEARN MORE ABOUT THE CRISIS OF AND SOLUTIONS TO HOMELESSNESS. OUR COMMUNITY USES THIS REAL-TIME, COMMUNITY-LEVEL DATA TO TARGET AND ALIGN SERVICES, POLICIES, AND FUNDING WITH CLIENT AND COMMUNITY NEEDS AND RESOURCES IN ORDER TO MAKE PROGRESS IN REDUCING HOMELESSNESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Bowman Director | OfficerTrustee | 0.2 | $0 |
Guy Chapman Chairman | OfficerTrustee | 0.2 | $0 |
John Apostle Director | Trustee | 0.2 | $0 |
William Carter Director | Trustee | 0.2 | $0 |
Mark Hickman Director | Trustee | 0.2 | $0 |
Don Ralkes Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,968,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,334,206 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,302,565 |
| Total Program Service Revenue | $5,599 |
| Investment income | $2,798 |
| 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 | $5,310,962 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $960,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,128 |
| Payroll taxes | $71,042 |
| Fees for services: Management | $70,096 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,878 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $12,706 |
| Information technology | $157,745 |
| Royalties | $0 |
| Occupancy | $49,404 |
| Travel | $17,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $53,686 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,164 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,970,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $720,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $339,003 |
| Accounts receivable, net | $0 |
| 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 | $5,448 |
| Net Land, buildings, and equipment | $11,434 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,438,398 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,665 |
| Total assets | $3,517,405 |
| Accounts payable and accrued expenses | $46,323 |
| Grants payable | $0 |
| Deferred revenue | $72,320 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,762 |
| Total liabilities | $150,405 |
| Net assets without donor restrictions | $768,011 |
| Net assets with donor restrictions | $2,598,989 |
| 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 | $3,517,405 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Homeward has recieved totaling $444,439.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $285,777 |
Virginia Nonproit Housing Coalition Richmond, VA PURPOSE: HOMELESS PREVENTION SYSTEM, ADVOCACY | $60,800 |
United Way Of Greater Richmond Richmond, VA PURPOSE: DONOR DIRECT FUNDS (DESIGNATIONS) FOR GENERAL PURPOSES | $50,000 |
Robert G Iii And Maude Morgan Cabell Foundation Richmond, VA PURPOSE: UNRESTRICTED OPERATING EXPENSES | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $12,750 |
Reinhart Foundation Richmond, VA PURPOSE: FLEXIBLE SELF-RESOLUTION FUNDING TO HELP INDIVIDUALS/FAMILIES OBTAIN PERMANENT HOUSING | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Counseling Association Alexandria, VA | $14,639,083 | $13,290,676 |
Argentum Alexandria, VA | $9,206,006 | $17,911,647 |
Council On Social Work Education Inc Alexandria, VA | $11,218,619 | $7,746,667 |
Community Action Partnership Washington, DC | $5,948,943 | $6,072,834 |
National Assoc Of State Directors Of Developmental Disabilities Ser Alexandria, VA | $4,797,469 | $4,767,527 |
Association On Higher Education And Disability Huntersville, NC | $1,614,411 | $3,202,543 |
Homeward Richmond, VA | $3,517,405 | $5,310,962 |
Alexander Graham Bell Association For The Deaf And Hard Of Hearing Washington, DC | $16,431,886 | $6,855,685 |
Council On Quality & Leadership In Supports For People With Disabilit Towson, MD | $4,627,496 | $2,116,907 |
North Carolina Victim Assistance Network-Nc Van Raleigh, NC | $110,093 | $1,278,918 |
National Early Childhood Program Accreditation Commission Inc Merrifield, VA | $762,061 | $1,039,202 |
National Child Support Enforcement McLean, VA | $893,125 | $985,420 |