Hospitality Homes Inc is located in Boston, MA. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Hospitality Homes Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hospitality Homes 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 12/2023, Hospitality Homes Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 11.4% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOSPITALITY HOMES PROVIDES TEMPORARY HOUSING (CONTINUED ON SCHEDULE O)(CONTINUED FROM 990, PAGE 1)IN VOLUNTEER HOST HOMES AND OTHER DONATED ACCOMMODATIONS FOR FAMILIES AND FRIENDS OF PATIENTS SEEKING CARE AT BOSTON-AREA MEDICAL CENTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS NETWORK OF CLOSE TO 120 HOST HOMES TOGETHER WITH AN INCREASING NUMBER OF DONATED APARTMENTS AND DEEP RELATIONSHIPS WITH SELECT LOCAL PARTNER HOTELS AND CORPORATE FURNISHED APARTMENTS, HOSPITALITY HOMES OFFERS NOT ONLY A COMFORTABLE BED IN WHICH TO SLEEP, BUT ALSO A COMPASSIONATE PRESENCE IN AN UNFAMILIAR CITY AND A WELCOMING HOME TO RETURN TO FOR FAMILIES AND FRIENDS WHO SPEND LONG DAYS AT THE HOSPITAL, SUPPORTING THEIR LOVED ONES. HOSPITALITY HOMES IS UNIQUE AMONG BOSTON-AREA HOSPITAL HOUSING PROGRAMS BECAUSE IT IS TRULY INCLUSIVE AND OPEN TO ALL FAMILIES, REGARDLESS OF THEIR INCOME LEVEL, BACKGROUND, NATIONALITY, ETHNICITY, RELIGION, GENDER IDENTITY, SEXUAL ORIENTATION, ABILITY, AGE, OR DIAGNOSIS OR MEDICAL FACILITY OF CARE.(CONTINUED ON SCHEDULE O)(CONTINUED FROM FORM 990, PAGE 2)OVER 60 PERCENT OF THE PROGRAM'S GUESTS HAVE ANNUAL HOUSEHOLD INCOMES UNDER $50,000, AND ALL FAMILIES ARE CHALLENGED WITH THE HIGH COSTS ASSOCIATED WITH SERIOUS AND/OR CHRONIC ILLNESS. BY PROVIDING HOUSING ATNO OR LOW COST, HOSPITALITY HOMES SEEKS TO ALLEVIATE FINANCIAL CONSTRAINTS AND ENABLE FAMILIES TO FOCUS BOTH THEIR FINANCIAL AND THEIR EMOTIONAL RESOURCES ON THEIR HOSPITALIZED LOVED ONES. MANY GUESTS REPORT THAT, WITHOUT THE HOUSING THAT HOSPITALITY HOMES OFFERS, THEIR FAMILY MEMBERS SIMPLY WOULD NOT BE ABLE TO ACCESS THE LIFE-SAVING OR LIFE-CHANGING TREATMENT THEY NEED.OVER THE COURSE OF ITS 40-YEAR HISTORY, HOSPITALITY HOMES HAS PROVIDED CLOSE TO 231,000 NIGHTS OF HOUSING. IN THE LAST TEN YEARS ALONE, THE ORGANIZATION HAS HELPED 6,458 PATIENTS, SERVED 19,481 GUESTS WHO TRAVELED FROM OVER 50 U.S. STATES AND TERRITORIES AND 71 COUNTRIES, SAVING THEM MORE THAN $18.8M IN ESTIMATED EQUIVALENT HOTEL FEES. HOSPITALITY HOMES BELIEVES THAT PATIENTS AND THEIR FAMILIES DESERVE COMPASSIONATE, AFFORDABLE, AND CONVENIENT ACCOMMODATIONS WHILE RECEIVING MEDICAL CARE AWAY FROM HOME. DURING 2023, AS THE PANDEMIC CONTINUED TO WIND DOWN, APPROXIMATELY HALF OF OUR VOLUNTEER HOST COMMUNITY RETURNED AND INCREASED THE NUMBER OF NIGHTS THEY PROVIDED ALMOST TO THE LEVELS OF THE FULL HOST COMMUNITY PREVIOUSLY. WE ALSO REFLECTED ON THE VARIOUS NEW OPTIONS WE CREATED AND CONTINUED WITH SOME OF THE NEW AND DIFFERENT RESOURCES WE LEVERAGED IN THE PREVIOUS 3 YEARS. WE INCREASED THE NUMBER OF DONATED APARTMENTS FROM 3 TO 9 AND CONTINUED EFFORTS TO SEEK SUPPORT FROM SPECIFIC GRANT PROVIDERS TO ASSIST WITH OUR MISSION OF HEALTH EQUITY AND TO FUND OTHER NON-HOSTED LODGING OPTIONS FOR PATIENTS WITH SPECIFIC NEEDS NOT APPROPRIATE FOR A HOST HOME. THE SUCCESS OF OUR APPROACH IS REFLECTED IN OUR CONSISTENT TRACK RECORD OF GROWTH AND IMPACT. IN THE LAST 10 YEARS, HOSPITALITY HOMES HAS HELPED 6,458 PATIENTS AND PROVIDED 68,076 NIGHTS OF HOUSING. THE PROGRAM HAS BROADENED ITS IMPACT, INCREASING FAMILIES SERVED BY 139% AND NIGHTS PROVIDED BY 185%. OVER 40% OF GUESTS WITH LONG-TERM TREATMENT NEEDS RETURN FOR ADDITIONAL NIGHTS OF LODGING. ANOTHER KEY INDICATOR OF THE ORGANIZATION'S SUCCESS IS THE FINANCIAL RELIEF PROVIDED TO PATIENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ragu Adinarayanan Director | Trustee | 1 | $0 |
Anu Advani Director | Trustee | 1 | $0 |
Peter Barkan Director | Trustee | 1 | $0 |
Christina M Bergeron Director | Trustee | 1 | $0 |
Rob Ettinger Director | Trustee | 1 | $0 |
Nevan Clancy Hanumara PHD Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $195,791 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,018,495 |
Noncash contributions included in lines 1a–1f | $28,498 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,214,286 |
Total Program Service Revenue | $99,927 |
Investment income | $24,811 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $1,246 |
Net Income from Gaming Activities | $22,773 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,363,043 |
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. | $142,472 |
Compensation of current officers, directors, key employees. | $19,946 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $355,234 |
Pension plan accruals and contributions | $13,940 |
Other employee benefits | $42,149 |
Payroll taxes | $36,999 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $47,220 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $32,250 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $418 |
Advertising and promotion | $14,004 |
Office expenses | $33,263 |
Information technology | $11,590 |
Royalties | $0 |
Occupancy | $46,426 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,518 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $7,873 |
All other expenses | $0 |
Total functional expenses | $1,085,231 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $310,468 |
Savings and temporary cash investments | $218,745 |
Pledges and grants receivable | $8,597 |
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 | $2,495 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,015,152 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $30,661 |
Total assets | $1,586,118 |
Accounts payable and accrued expenses | $89,875 |
Grants payable | $0 |
Deferred revenue | $5,500 |
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 | $28,407 |
Total liabilities | $123,782 |
Net assets without donor restrictions | $991,295 |
Net assets with donor restrictions | $471,041 |
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 | $1,586,118 |