Homeward Pikes Peak
- Assets
- $10.1m
- Revenue
- $5.7m
- Investments
- $73.2k
- Employees
- 58
- Location
- Colorado Springs, CO
- Founding
- 08/2004
- Data as of
- 12/2023
- EIN
- 13-4242773
Organization Overview
Homeward Pikes Peak is located in Colorado Springs, CO. The organization was established in 2004. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Homeward Pikes Peak employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Pikes Peak 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, Homeward Pikes Peak generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 19.2% per year over the past 9 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 PIKES PEAK EMPOWERS INDIVIDUALS AND FAMILIES TO ACCESS STABLE HOUSING, INCREASE MENTAL HEALTH, RECOVERY, AND ECONOMIC STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FIRST - HOUSING FIRST IS A HOUSING AND CASE MANAGEMENT PROGRAM FOR DISABLED ADULTS WHO HAVE SUBSTANCE ABUSE AND CHRONIC HOMELESSNESS ISSUES. HOUSING STABILITY IS THE OUTCOME, AND FLEXIBLE CASE MANAGEMENT IS THE MEANS TO THAT END. THE PROGRAM FINDS HOUSING FOR CLIENTS AND HELPS THEM GET FOOD. ONCE THESE NEEDS ARE MET, CLIENTS ARE AIDED TO OBTAIN PSYCHIATRIC MEDICATIONS, SUBSTANCE ABUSE TREATMENT, AND MEDICAL CARE. WHEN SOME LEVEL OF STABILITY IS REACHED, VOLUNTEERING AND RECONNECTING WITH FAMILY IS ENCOURAGED. EVENTUALLY, CLIENTS NO LONGER NEED HOME VISITS AND GRADUATE TO FEWER INTENSIVE PROGRAMS, OR COMPLETELY INDEPENDENT LIVING.HPP'S HOUSING FIRST PROGRAM CONSISTS OF A DUAL DIAGNOSIS PROGRAM, VETERAN SPECIFIC HOUSING AND COLORADO DIVISION OF HOUSING CASE MANAGEMENT SERVICES. IN OPERATION SINCE 2007, THE DUAL DIAGNOSIS PROGRAM SPECIALIZES IN ASSISTING THE CHRONICALLY HOMELESS AND SERIOUSLY MENTALLY ILL ADULTS WITH SUBSTANCE ABUSE ISSUES. THE VETERAN SPECIFIC HOUSING PROGRAM BEGAN IN 2015 WHEN ROCKY MOUNTAIN HUMAN SERVICES TRANSFERRED THE GRANT TO HPP. IN 2018, HPP BEGAN TO PROVIDE CASE MANAGEMENT FOR AN ADDITIONAL GROUP OF INDIVIDUALS RECEIVING RENTAL ASSISTANCE VOUCHERS. THIS LAST PROGRAM WAS PREVIOUSLY ADMINISTERED BY THE COLORADO DIVISION OF HOUSING AND THE INDEPENDENCE CENTER, BUT WAS TRANSFERRED OFFICIALLY TO HPP IN MID-2022.
THE COMMONS - OPENED IN APRIL 2023, THIS AFFORDABLE HOUSING COMMUNITY HAS 50 UNITS OF PERMANENT SUPPORTIVE HOUSING FOR FAMILIES AND INDIVIDUALS EXPERIENCING CHRONIC HOMELESSNESS. THE FACILITY PROVIDES ON-SITE CASE MANAGEMENT SERVICES TO SUPPORT CLIENT NEEDS.
BLOOM RESIDENTIAL TREATMENT CENTER - OPENED IN APRIL 2023, THE PROGRAM FOR PREGNANT OR POSTPARTUM WOMEN WHO HAVE A SUBSTANCE ABUSE HISTORY PROVIDES A SAFE AND STABLE SOBER LIVING ENVIRONMENT THAT KEEPS PREGNANT AND MOTHERS OF TODDLERS TOGETHER SO THAT TREATMENT AND RECOVERY CAN OCCUR AS A FAMILY. HPP IS CURRENTLY EVALUATING THE ECONOMIC SUSTAINABILITY OF THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolena Steen President | OfficerTrustee | 1 | $0 |
Glen Pressman Vice President | OfficerTrustee | 1 | $0 |
Robert II Worrall Secretary | OfficerTrustee | 1 | $0 |
Scott Mcbride Treasurer | OfficerTrustee | 1 | $0 |
Luke Travins Past President | Trustee | 1 | $0 |
Erik Bencohoff Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,496 |
| Related organizations | $0 |
| Government grants | $1,828,969 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,036,030 |
| Noncash contributions included in lines 1a–1f | $131,179 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,896,495 |
| Total Program Service Revenue | $798,049 |
| Investment income | $9,660 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,157 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,748,905 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,482,346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $219,529 |
| Compensation of current officers, directors, key employees. | $33,262 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,743,184 |
| Pension plan accruals and contributions | $14,086 |
| Other employee benefits | $63,203 |
| Payroll taxes | $167,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,516 |
| Fees for services: Accounting | $37,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $286,577 |
| Advertising and promotion | $10,357 |
| Office expenses | $160,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $224,899 |
| Travel | $30,134 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,043 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $147,355 |
| Insurance | $72,666 |
| All other expenses | $0 |
| Total functional expenses | $4,792,480 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $911,647 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $677,804 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,703,643 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $470,269 |
| Net Land, buildings, and equipment | $3,193,644 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $73,172 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,104,406 |
| Total assets | $10,134,585 |
| Accounts payable and accrued expenses | $198,828 |
| Grants payable | $0 |
| Deferred revenue | $3,328,286 |
| 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 | $1,225,000 |
| Unsecured mortgages and notes payable | $136,651 |
| Other liabilities | $293,926 |
| Total liabilities | $5,182,691 |
| Net assets without donor restrictions | $4,745,790 |
| Net assets with donor restrictions | $206,104 |
| 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 | $10,134,585 |