Homeward Bound Inc
- Assets
- $8.1m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 249
- Location
- Dallas, TX
- Founding
- 02/1981
- Data as of
- 12/2021
- EIN
- 74-2127841
Organization Overview
Homeward Bound Inc is located in Dallas, TX. The organization was established in 1981. According to its NTEE Classification (I31) the organization is classified as: Half-Way Houses for Offenders & Ex-Offenders, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Homeward Bound Inc employed 249 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound Inc 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 12/2021, Homeward Bound Inc generated $10.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $10.3m during the year ending 12/2021. While expenses have increased by 0.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE POSITIVE BEHAVIORAL HEALTH AND INDEPENDENCE FOR INDIVIDUALS AND FAMILIES SUFFERING FROM DRUG ABUSE, ADDICTION, CRIMINAL BEHAVIOR, AND MENTAL ILLNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWARD BOUND PROVIDES HIGH QUALITY PROFESSIONAL SUBSTANCE ABUSE AND MENTAL HEALTH TREATMENT SERVICES FOR SOME OF TEXAS' MOST NEEDY INDIVIDUALS. HOMEWARD BOUND, INC. IS THE LARGEST SUBSTANCE USE DISORDER PROGRAM IN NORTH TEXAS, SERVES WEST TEXAS WITH CULTURALLY APPROPRIATE PROGRAMS IN EL PASO, AND PROVIDES THE ONLY STATEWIDE SPECIALIZED SUBSTANCE USE AND MENTAL HEALTH TREATMENT PROGRAM FOR HIV+ MEN AND WOMEN.OF THE 7,250 MEN AND WOMEN SERVED IN 2021, 98% WERE INDIGENT, AND 60% WERE HOMELESS. ALL OF THE INDIVIDUALS WERE DIAGNOSED WITH SUBSTANCE ABUSE DISORDER. THE PROGRAMS AND PROFESSIONAL SERVICES PROVIDED BY HOMEWARD BOUND PROMOTE SOBRIETY, RESTORE AND MAXIMIZE FUNCTIONING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas W Denton Executive Director | Officer | 40 | $182,797 |
Jesse Oliver President/board Chair | OfficerTrustee | 0.5 | $0 |
Scott Burns Vice President | OfficerTrustee | 0.5 | $0 |
Tom Turnage Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Melanie Wells Director | Trustee | 0.5 | $0 |
Ivan Martinez Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,421,069 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,421,069 |
| Total Program Service Revenue | $5,562,066 |
| Investment income | $1,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$818 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,764,247 |
| 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 | $6,507,035 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $509,163 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $95,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $526,689 |
| Advertising and promotion | $26,587 |
| Office expenses | $137,974 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $597,637 |
| Travel | $27,169 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $213,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $386,262 |
| Insurance | $658,731 |
| All other expenses | $0 |
| Total functional expenses | $10,255,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,407,046 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $408,779 |
| 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 | $25,581 |
| Net Land, buildings, and equipment | $5,202,170 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $61,511 |
| Other assets | $12,013 |
| Total assets | $8,117,100 |
| Accounts payable and accrued expenses | $556,565 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,561,872 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,897 |
| Total liabilities | $5,313,334 |
| Net assets without donor restrictions | $2,406,511 |
| Net assets with donor restrictions | $397,255 |
| 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 | $8,117,100 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Homeward Bound Inc has recieved totaling $390,359.
| Awarding Organization | Amount |
|---|---|
Mark Cuban Foundation Dallas, TX PURPOSE: GENERAL PURPOSE | $277,000 |
Trusted World Foundation Garland, TX PURPOSE: LIVING ASSISTANCE | $95,953 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,306 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $7,020 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homeward Bound Inc Dallas, TX | $8,117,100 | $10,764,247 |
St Francis House Inc Little Rock, AR | $1,529,219 | $3,668,038 |
United Family Services Inc Pine Bluff, AR | $3,120,471 | $3,869,190 |
Rutherford House Inc Shreveport, LA | $1,210,553 | $2,233,143 |
Denton Freedom House Aubrey, TX | $1,344,290 | $2,738,392 |
Alternative House Incorporated Albuquerque, NM | $2,595,882 | $1,860,462 |
Freedom Ranch Inc Tulsa, OK | $4,927,070 | $1,596,872 |
Northern Oklahoma Youth Services Center And Shelter Inc Ponca City, OK | $1,693,333 | $986,432 |
Freshly Renewed Faith Based Transitional Scott, AR | $90,335 | $775,281 |
Pauls Project Lubbock, TX | $205,720 | $794,000 |
Re-Nu Life Center Alexander, AR | $740,370 | $908,421 |
House Where Jesus Shines Inc Waco, TX | $29,002 | $572,494 |