Homeward Bound
- Assets
- $4.4m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 68
- Location
- Phoenix, AZ
- Founding
- 09/1990
- Data as of
- 06/2023
- EIN
- 86-0660875
Organization Overview
Homeward Bound is located in Phoenix, AZ. The organization was established in 1990. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Homeward Bound employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound 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 06/2023, Homeward Bound generated $4.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $4.7m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO MEETING EACH FAMILY'S UNIQUE NEEDS ON THEIR JOURNEY HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL AND EMERGENCY HOUSING FOR LOW INCOME FAMILIES PROVIDES CASE MANAGEMENT AND SUPPORT SERVICES TO 303 RESIDENTIAL CLIENTS. STRONG FOUNDATIONS EARLY LEARNING CENTER A STATE LICENSED CENTER WHICH PROVIDES CARE SERVICES FOR CHILDREN OF THE TRANSITIONAL AND EMERGENCY HOUSING PROGRAM AND FAMILIES IN THE SURROUNDING COMMUNITY FOR AGES INFANT TO 5 YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitney Silence Chief Executive Officer | OfficerTrustee | 40 | $124,558 |
Nathan Cabbil Chairman | OfficerTrustee | 2 | $0 |
Annabel Whiting Vice Chair/secretary | OfficerTrustee | 2 | $0 |
Brian Miller Treasurer | OfficerTrustee | 2 | $0 |
Ginny Hirschey Development Chair | Trustee | 2 | $0 |
Michele Berg Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Caliente Construction Construction | 6/29/16 | $139,567 |
Resource Global Professionals Financial/accounting Services | 6/29/16 | $125,208 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,356 |
| Related organizations | $0 |
| Government grants | $2,186,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,843,505 |
| Noncash contributions included in lines 1a–1f | $108,077 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,272,980 |
| Total Program Service Revenue | $251,477 |
| Investment income | $79,353 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,309 |
| Net Income from Fundraising Events | -$56,452 |
| Net Income from Gaming Activities | $19,900 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,580,933 |
| 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. | $143,256 |
| Compensation of current officers, directors, key employees. | $64,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,512,339 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $216,926 |
| Payroll taxes | $199,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $39,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $25,200 |
| Fees for services: Investment Management | $7,148 |
| Fees for services: Other | $121,189 |
| Advertising and promotion | $2,731 |
| Office expenses | $22,414 |
| Information technology | $30,110 |
| Royalties | $0 |
| Occupancy | $169,312 |
| Travel | $33,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $174,060 |
| Insurance | $59,252 |
| All other expenses | $38,647 |
| Total functional expenses | $4,677,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,104 |
| Savings and temporary cash investments | $1,411,442 |
| Pledges and grants receivable | $496,647 |
| 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 | $79,642 |
| Net Land, buildings, and equipment | $1,120,899 |
| Investments—publicly traded securities | $1,069,210 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,398,944 |
| Accounts payable and accrued expenses | $276,473 |
| Grants payable | $0 |
| Deferred revenue | $53,000 |
| 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 | $800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,129,473 |
| Net assets without donor restrictions | $2,031,896 |
| Net assets with donor restrictions | $1,237,575 |
| 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 | $4,398,944 |