Homeward Bound
- Assets
- $5.5m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 67
- Location
- Phoenix, AZ
- Founding
- 09/1990
- Data as of
- 06/2021
- 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 06/2021, Homeward Bound employed 67 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 06/2021, Homeward Bound generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.5%) each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 years. 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
HOMEWARD BOUND CREATES PATHWAYS OUT OF POVERTY FOR HOMELESS FAMILIES READY TO MAKE A CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL 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 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 |
|---|---|---|---|
Rebecca Jackson President/ceo (thru 8/14/2020) | Officer | 40 | $138,737 |
Whitney Silence Interim Ceo-Ceo | Officer | 40 | $114,808 |
Todd Taylor Treasurer/fin & Housing Ch | OfficerTrustee | 2 | $0 |
Julie Friedly Board Chair | OfficerTrustee | 5 | $0 |
Dayna Badhorn Board Member/programs Chair | OfficerTrustee | 2 | $0 |
Jennifer Hadley Catero Board Member/development Chair | OfficerTrustee | 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 | $140,703 |
| Related organizations | $0 |
| Government grants | $923,962 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,013,649 |
| Noncash contributions included in lines 1a–1f | $98,102 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,078,314 |
| Total Program Service Revenue | $551,131 |
| Investment income | $22,336 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,658 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $917 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,679,356 |
| 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. | $192,015 |
| Compensation of current officers, directors, key employees. | $89,611 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,743,486 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $173,871 |
| Payroll taxes | $132,264 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $28,553 |
| Fees for services: Accounting | $29,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,523 |
| Office expenses | $30,443 |
| Information technology | $13,691 |
| Royalties | $0 |
| Occupancy | $343,323 |
| Travel | $2,367 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,235 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,786 |
| Insurance | $45,449 |
| All other expenses | $13,141 |
| Total functional expenses | $3,454,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $511,620 |
| Savings and temporary cash investments | $2,135,200 |
| Pledges and grants receivable | $170,159 |
| Accounts receivable, net | $99,676 |
| 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 | $94,012 |
| Net Land, buildings, and equipment | $1,396,043 |
| Investments—publicly traded securities | $1,137,089 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,543,799 |
| Accounts payable and accrued expenses | $165,010 |
| 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 | $1,060,000 |
| Unsecured mortgages and notes payable | $1,022,428 |
| Other liabilities | $0 |
| Total liabilities | $2,247,438 |
| Net assets without donor restrictions | $2,499,879 |
| Net assets with donor restrictions | $796,482 |
| 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 | $5,543,799 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Homeward Bound has recieved totaling $453,937.
| Awarding Organization | Amount |
|---|---|
Nina Mason Pulliam Charitable Tr Indianapolis, IN PURPOSE: SUPPORT FOR TECHNOLOGY INFRASTRUCTURE AND STAFF RESOURCES TO STREAMLINE HOMELESSNESS PREVENTION STRATEGIES AND EXPAND SERVICES. | $100,000 |
Diane And Bruce Halle Foundation Scottsdale, AZ PURPOSE: HUMAN SERVICES | $50,000 |
Bhhs Legacy Foundation Phoenix, AZ PURPOSE: Empowering Today Building Tomorrow: Mental Health Initiative | $50,000 |
The Breeding Foundation Gold Canyon, AZ PURPOSE: FOUNDATION CONTRIBUTION | $50,000 |
Valley Of The Sun United Way Phoenix, AZ PURPOSE: Program Support | $45,387 |
Don Nierling Memorial Foundation 99-0482012000 Chicago, IL PURPOSE: GENERAL | $25,000 |
Endowment Analysis
| Beg. Balance | $289,884 |
| Earnings | $53,921 |
| Ending Balance | $343,805 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Charles Apartments Housing Corporation Hayward, CA | $0 | $319,066 |
Satellite Affordable Housing Associates Berkeley, CA | $83,294,736 | $13,591,508 |
Rhf Foundation Long Beach, CA | $215,917,223 | $14,903,975 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Midpen Resident Services Corporation Foster City, CA | $3,702,334 | $11,407,168 |
Bridge Property Management Company San Francisco, CA | $1,233,636 | $9,360,308 |
Burbank Housing Corporation Burbank, CA | $47,643,861 | $6,370,585 |
Habitat For Humanity San Fernando/Santa Clarita Valleys Woodland Hills, CA | $1 | $4,168,206 |
Satellite Aha Development Inc Berkeley, CA | $17,466,494 | $5,909,155 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
Housing Trust Silicon Valley San Jose, CA | $250,989,111 | $21,448,557 |
Western Community Housing Inc Costa Mesa, CA | $106,078,970 | $11,023,596 |