Homestretch Inc
- Assets
- $3.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Roswell, GA
- Founding
- 11/1994
- Data as of
- 06/2021
- EIN
- 58-2051038
Organization Overview
Homestretch Inc, operating under the name Homestretch, is located in Roswell, GA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Homestretch employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestretch 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 06/2021, Homestretch generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 0.8% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOMESTRETCH SUPPORTS AND GUIDES WORKING, HOMELESS FAMILIES TOWARD STABILITY IN FINANCES, EMPLOYMENT, HOUSING AND FAMILY-LIFE. THEIR GOAL IS THAT EACH GRADUATING FAMILY MOVES INTO PERMANENT, SUSTAINABLE HOUSING WITH IMPROVED EMPLOYMENT, REDUCED DEBT AND MOST IMPORTANTLY THE SKILLS AND KNOWLEDGE TO PREVENT FUTURE HOMELESSNESS. HOMESTRETCH OFFERS HOMELESS PARENTS AND THEIR CHILDREN A SAFE PLACE TO LIVE WHILE HELPING THEM ADDRESS THE ROOT CAUSES OF THEIR SITUATION AND RETURN TO A LIFE OF SELF-RELIANCE AND STABILITY. THROUGH THE WORK OF DEDICATED STAFF, VOLUNTEER MENTOR TEAMS, JOB COACHING AND LIFESKILLS WORKSHOPS, FAMILIES ARE ARMED WITH IMPORTANT TOOLS THEY NEED TO SUCCEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2020-2021, HOMESTRETCH, INC. WAS IMPACTED BY THE COVID-19 PANDEMIC. WITH THE ASSISTANCE OF OUR PARTNERS (CIVIC GROUPS, RELIGIOUS ORGANIZATIONS AND GOVERNMENT FUNDING), HOMESTRETCH, INC.'S SUPPORTIVE HOUSING PROGRAM SUCCESSFULLY PROVIDED THE FOLLOWING: THREE FAMILIES GRADUATED AS HOMEOWNERS ROTARY LEARNING LAB OPENED UPGRADED INTERNET AND INSTALLED SECURITY CAMERAS AT MILLBROOK (TRANSITIONAL HOUSING COMMUNITY)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Talaya Parker Executive Di | OfficerTrustee | 60 | $71,960 |
Scott Burke Secretary | OfficerTrustee | 2 | $0 |
Robert W Hagan Co-President | OfficerTrustee | 3 | $0 |
Kenneth Allen Vice Preside | OfficerTrustee | 3 | $0 |
Becky Stone Co-President | OfficerTrustee | 3 | $0 |
George Waite Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $4,861 |
| Related organizations | $0 |
| Government grants | $380,379 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,003 |
| Noncash contributions included in lines 1a–1f | $12,675 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,243 |
| Total Program Service Revenue | $188,513 |
| Investment income | $71 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,170 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,060,511 |
| 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. | $71,960 |
| Compensation of current officers, directors, key employees. | $13,672 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,495 |
| Pension plan accruals and contributions | $5,236 |
| Other employee benefits | $43,511 |
| Payroll taxes | $26,328 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,291 |
| Fees for services: Accounting | $42,810 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,250 |
| Advertising and promotion | $3,335 |
| Office expenses | $22,965 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,370 |
| Travel | $5,409 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,546 |
| Insurance | $34,535 |
| All other expenses | $37,665 |
| Total functional expenses | $1,028,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,729 |
| Savings and temporary cash investments | $250,070 |
| Pledges and grants receivable | $17,750 |
| Accounts receivable, net | $7,797 |
| 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 | $7,633 |
| Net Land, buildings, and equipment | $2,585,790 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $8,793 |
| Other assets | $0 |
| Total assets | $3,292,562 |
| Accounts payable and accrued expenses | $31,825 |
| Grants payable | $0 |
| Deferred revenue | $56,474 |
| 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 | $171,011 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $259,310 |
| Net assets without donor restrictions | $2,834,597 |
| Net assets with donor restrictions | $198,655 |
| 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 | $3,292,562 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Homestretch Inc has recieved totaling $15,925.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $5,500 |
Tharpe Foundation Inc Atlanta, GA PURPOSE: GENERAL | $425 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Habitat For Humanity Of Greater Nashville Nashville, TN | $71,491,096 | $16,513,254 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Memphis, TN | $13,622,959 | $12,248,424 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Guardian Center Inc Ooltewah, TN | $1,527,267 | $10,632,560 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |