Homestart Inc

Organization Overview

Homestart Inc is located in Boston, MA. The organization was established in 1996. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2022, Homestart Inc employed 97 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestart 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 09/2022, Homestart Inc generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $14.3m during the year ending 09/2022. While expenses have increased by 6.6% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO END HOMELESSNESS IN GREATER BOSTON BY ASSISTING INDIVIDUALS IN OBTAINING PERMANENT HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING STABILIZATION AND RESOURCE SERVICES TO AID PARTICIPANTS WITH INTEGRATION INTO THE COMMUNITY AND MAINTAIN SUCCESSFUL HOUSING. SERVICES INCLUDE LANDLORD MEDIATION, MONEY MANAGEMENT, AND SUPPORTIVE HOUSING ASSISTANCE. APPROXIMATELY 375 CLIENTS SERVED.


HOUSING SEARCH SERVICES TO AID PARTICIPANTS IN LOCATING AFFORDABLE PERMANENT HOUSING.


HOMELESSNESS PREVENTION SERVICES UTILIZE HOUSING AND STABILIZATION KNOWLEDGE, MEDIATION TECHNIQUES AND MONEY MANAGEMENT SERVICES TO AID PARTICIPANTS IN RETAINING THEIR HOUSING AND AVOID SHELTERS.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Chair
$0
Name Not Listed
Clerk
$0
Name Not Listed
Vice Chair
$0
Name Not Listed
Treasurer
$0
Name Not Listed
President/executive Director
$139,998
Name Not Listed
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$48,710
Membership dues$0
Fundraising events$616,660
Related organizations$0
Government grants $11,922,889
All other contributions, gifts, grants, and similar amounts not included above$3,603,773
Noncash contributions included in lines 1a–1f $14,000
Total Revenue from Contributions, Gifts, Grants & Similar$16,192,032
Total Program Service Revenue$478,695
Investment income $11
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$31,684
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $16,639,054

Peer Organizations

Organization NameAssets
Grameen America Inc
Jackson Heights, NY
$83,384,408
National Basketball Association Foundation
New York, NY
$31,418,969
Homestart Inc
Boston, MA
$16,639,054
Provport Inc
Providence, RI
$11,716,204
The Community Action Agency Of Western Connecticut Inc
Danbury, CT
$13,618,038
South Bronx Overall Economic Development Corporation
Bronx, NY
$12,019,062
Greater Jamaica Development Corp
Jamaica, NY
$7,601,973
Massachusetts Manufacturing Extension Partnership Inc
Auburn, MA
$9,326,531
43north Bpc Inc
Buffalo, NY
$8,181,242
Economic Development Growth Enterprises Corporation
Rome, NY
$8,193,120
Dorchester Bay Economic Development Corporation
Dorchester, MA
$10,163,285
Buffalo & Erie County Industrial Land Development Corp
Buffalo, NY
$6,783,218
Rdc Commercial Center Inc
Brooklyn, NY
$4,484,188
Upper Manhattan Empowerment Zone Development Corporation
New York, NY
$5,950,446
Hester Street Collaborative Inc
New York, NY
$4,512,361
Grow America Fund Inc
New York, NY
$3,801,712
Gmdc Two Inc
Brooklyn, NY
$3,942,853
Flatbush Development Corporation
Brooklyn, NY
$3,907,106
Metrohartford Alliance Inc
Hartford, CT
$5,912,005
Rochester Economic Development Corporation
Rochester, NY
$1,673,115
Community Investment Corporation
Hamden, CT
$2,852,728
Biobat Inc
Brooklyn, NY
$3,125,444
Monadnock Economic Development Corporation
Keene, NH
$1,917,108
Buffalo Erie Niagara Land Improvement Corporation
Buffalo, NY
$1,643,388
Brewery Development Co Of Jamaica Plain
Jamaica Plain, MA
$3,558,118

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