Homeward
- Assets
- $4.4m
- Revenue
- $3.3m
- Investments
- $2.7m
- Employees
- 29
- Location
- Richmond, VA
- Founding
- 09/2004
- Data as of
- 06/2023
- EIN
- 05-0606153
Organization Overview
Homeward is located in Richmond, VA. The organization was established in 2004. According to its NTEE Classification (P03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Human Services and related organizations. As of 06/2023, Homeward employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward 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 generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 19.4% per year over the past 5 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
HOMEWARD BRINGS TOGETHER HOMELESS SERVICE PROVIDERS, LOCAL GOVERNMENTS, FAITH, ACADEMIC, AND BUSINESS COMMUNITIES, HOMELESS AND FORMERLY HOMELESS INDIVIDUALS AND CONCERNED CITIZENS TO COMBINE EFFORTS AND RESOURCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWARD IS THE DESIGNATED PLANNING AND SUPPORT AGENCY FOR THE GREATER RICHMOND CONTINUUM OF CARE (GRCOC), A NETWORK OF MORE THAN 22 NON-PROFITS AND 8 LOCAL GOVERNMENTS WORKING TOGETHER TO FIGHT HOMELESSNESS. IN OUR ROLE AS THE "COLLABORATIVE APPLICANT" FOR THE GRCOC, HOMEWARD SERVES AS THE LEAD FACILITATOR FOR COORDINATING PUBLIC SECTOR TO ADDRESS HOMELESSNESS; SUPPORTS THE ACCESS, ASSESSMENT, AND REFERRAL POLICIES AND PROCESSES FOR THE GRCOC; AND SERVES AS AN ADVOCATE AROUND ISSUES OF HOMELESSNESS LOCALLY AND NATIONALLY.
HOMEWARD SUPPORTS THE HOMELESS CONNECTION LINE, OUR REGION'S LARGEST COORDINATED ENTRY POINT FOR SERVICES. THE HOMELESS CONNECTION LINE (HCL) IS A MULTI-AGENCY COLLABORATIVE PARTNERSHIP WHICH HAS BEEN DESIGNED BY LOCAL STAKEHOLDERS TO MAXIMIZE LIMITED RESOURCES TO ADDRESS HOMELESSNESS. THE HCL MEETS OR EXCEEDS FEDERAL REGULATIONS FOR COORDINATED ACCESS FOR COMMUNITY-BASED HOMELESS ASSISTANCE NETWORKS. THE TRAINED AND COMPASSIONATE STAFF AT THE HCL START BY LISTENING TO EACH CALLER'S UNIQUE SITUATION AND THEY RECORD DEMOGRAPHIC AND SERVICE USAGE DATA SO THAT OUR HOMELESS ASSISTANCE NETWORK CAN TARGET HOMELESS ASSISTANCE PROGRAMS TO MAKE THE BIGGEST IMPACT.
HOMEWARD CONDUCTS PARTICIPATORY DATA ANALYSIS THROUGH INTERVIEWS WITH PEOPLE EXPERIENCING HOMELESSNESS AND THROUGH PROGRAM LEVEL DATA COLLECTING USING THE HOMEWARD COMMUNITY INFORMATION SYSTEM (HCIS.) HCIS IS A SECURE DATABASE USED BY HOMELESS SERVICE PROVIDERS TO COORDINATE HOMELESS ASSISTANCE AND TO MEASURE PROGRAM AND SYSTEM LEVEL EFFECTIVENESS. HOMEWARD USES REAL-TIME, COMMUNITY-LEVEL DATA TO TARGET AND ALIGN SERVICES, POLICIES, AND FUNDING WITH CLIENT AND COMMUNITY NEEDS AND TO ENSURE COMPLIANCE WITH FEDERAL REPORTING REQUIREMENTS SO THAT OUR COMMUNITY CAN MAXIMIZE FUNDING TO FIGHT HOMELESSNESS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Apostle Director | Trustee | 0.2 | $0 |
Michael Bowman Treasurer | OfficerTrustee | 0.7 | $0 |
William Carter Director | Trustee | 0.2 | $0 |
Kevin Hallock Director | Trustee | 0.2 | $0 |
Guy Chapman Chairman | OfficerTrustee | 0.2 | $0 |
Katherine O'donnell Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,078,489 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,145,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,224,170 |
| Total Program Service Revenue | $17,487 |
| Investment income | $37,734 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,279,391 |
| 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 | $1,036,087 |
| Pension plan accruals and contributions | $23,418 |
| Other employee benefits | $112,806 |
| Payroll taxes | $77,253 |
| Fees for services: Management | $31,090 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,213 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,526 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $16,591 |
| Information technology | $135,760 |
| Royalties | $0 |
| Occupancy | $32,305 |
| Travel | $57,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,451 |
| Interest | $14,688 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $38,425 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,156,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $922,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $464,272 |
| 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 | $18,302 |
| Net Land, buildings, and equipment | $274,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,687,147 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,839 |
| Total assets | $4,370,842 |
| Accounts payable and accrued expenses | $116,085 |
| Grants payable | $0 |
| Deferred revenue | $362,199 |
| 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 | $305,085 |
| Total liabilities | $783,369 |
| Net assets without donor restrictions | $914,909 |
| Net assets with donor restrictions | $2,672,564 |
| 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 | $4,370,842 |