Homes With Hope Inc
- Assets
- $5.5m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 34
- Location
- Westport, CT
- Founding
- 08/1984
- Data as of
- 12/2022
- EIN
- 22-2534326
Organization Overview
Homes With Hope Inc is located in Westport, CT. The organization was established in 1984. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Homes With Hope Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homes With Hope 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 12/2022, Homes With Hope Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 3.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREVENTING AND ENDING HOMELESSNESS AND FOOD INSECURITY IN FAIRFIELD COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
GILLESPIE CENTER & HOSKINS PLACE. LOCATED IN DOWNTOWN WESTPORT, CT., THE GILLESPIE CENTER AND HOSKINS PLACE EMERGENCY SHELTER PROGRAM PROVIDES EMERGENCY SHELTER, SOCIAL SERVICES, AND CASE MANAGEMENT FOR SINGLE MEN AND WOMEN AGED 18 AND OVER. THE FOOD PANTRY AND COMMUNITY KITCHEN, LOCATED AT THE SHELTER, SERVE SHELTER RESIDENTS AND COMMUNITY MEMBERS WHO ARE FOOD INSECURE. GILLESPIE CENTER & HOSKINS PLACE EMERGENCY SHELTER AND FOOD PROGRAM SERVES HUNDREDS OF INDIVIDUALS AND FAMILIES A YEAR.
RAPID RE-HOUSING: AN EVIDENCE-BASED APPROACH TO END HOMELESSNESS QUICKLY BY PROVIDING SHORT-TERM CASE MANAGEMENT SERVICES AND TARGETED FINANCIAL ASSISTANCE. BASED ON THE "HOUSING FIRST" MODEL, RRH CASE MANAGERS HELP CLIENTS FIND HOUSING AND THEN PROVIDE THEM WITH ANY ADDITIONAL SERVICES THEY MIGHT NEED. THIS INTERVENTION HAS LOW BARRIERS TO ENTRY, HIGH PLACEMENT RATES, AND LOW RATES OF RETURN TO SHELTER. THE RAPID RE-HOUSING PROGRAM ULTIMATELY HELPS OUR CLIENTS REACH THEIR GOAL OF STABLE HOUSING. DOZENS OF INDIVIDUALS ARE PLACED IN STABLE HOUSING BY HOMES WITH HOPE THROUGH THE RAPID REHOUSING PROGRAM EACH YEAR.ASAP AND HEAL - YOUTH AND YOUNG ADULT ACADEMIC AND MENTOR PROGRAMS: HOMES WITH HOPE PROGRAMS PROVIDE CONSISTENT STRUCTURE, POSITIVE ROLE MODELS, ACADEMIC SUPPORT, AND ENRICHMENT/COMMUNITY SERVICE ACTIVITIES TO HELP YOUNG PEOPLE DEVELOP THE SKILLS NEEDED TO SUCCEED AT SCHOOL AND IN THEIR PERSONAL LIVES. HOMES WITH HOPE'S ASAP, HEAL, AND MENTORING PROGRAMS SERVE APPROXIMATELY 100 YOUTH AND YOUNG ADULTS EACH YEAR.
PERMANENT SUPPORTIVE HOUSING: HOMES WITH HOPE OVERSEES FIFTY-TWO SUPPORTIVE HOUSING UNITS IN WESTPORT AND NORWALK FOR INDIVIDUALS AND FAMILIES WHO HAVE EXPERIENCED CHRONIC HOMELESSNESS. CASE MANAGERS ASSIST RESIDENTS WITH THE TOOLS THEY NEED TO MAINTAIN HOUSING STABILITY AND INDEPENDENT LIVING. HOMES WITH HOPE'S PERMANENT SUPPORTIVE HOUSING PROGRAM SERVES OVER 80 MEN, WOMEN AND CHILDREN A YEAR.
DIVERSION SERVICES. THE LACK OF AFFORDABLE HOUSING AND THE HIGH COST OF RENT AND LIVING IN FAIRFIELD COUNTY HAVE CREATED A GREATER DEMAND FOR DIVERSION SERVICES. SHELTER DIVERSION IS A STRATEGY THAT PREVENTS INDIVIDUALS AND FAMILIES FROM ENTERING THE HOMELESS RESPONSE SYSTEM BY IDENTIFYING IMMEDIATE ALTERNATIVE HOUSING ARRANGEMENTS AND CONNECTING THEM WITH SERVICES AND FINANCIAL ASSISTANCE TO HELP THEM RETURN TO PERMANENT HOUSING. DIVERSION INTENDS TO GIVE SOMEONE WHO HAS BECOME HOMELESS A POSITIVE ALTERNATIVE TO ENTERING AN EMERGENCY SHELTER OR BEING UNSHELTERED. HOMES WITH HOPE'S DIVERSION SERVICES PROGRAM SERVES APPROXIMATELY 200 INDIVIDUALS PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Walsh Chair | OfficerTrustee | 0.4 | $0 |
Jennifer Ferrante Vice Chair | OfficerTrustee | 0.4 | $0 |
Bruce Hennemuth Treasurer | OfficerTrustee | 0.4 | $0 |
Rebecca Martin Secretary | OfficerTrustee | 0.4 | $0 |
Brian Baxendale Director | Trustee | 0.4 | $0 |
Dale Fredston Director | Trustee | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $408,985 |
| Related organizations | $0 |
| Government grants | $850,706 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,744,117 |
| Noncash contributions included in lines 1a–1f | $562,964 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,003,808 |
| Total Program Service Revenue | $340,985 |
| Investment income | $16,854 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,504 |
| Net Income from Fundraising Events | -$38,981 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,325,170 |
| 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. | $325,319 |
| Compensation of current officers, directors, key employees. | $33,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $853,071 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $101,450 |
| Payroll taxes | $97,879 |
| Fees for services: Management | $6,814 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,711 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,218 |
| Fees for services: Other | $136,220 |
| Advertising and promotion | $0 |
| Office expenses | $205,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $114,736 |
| Travel | $4,090 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $77,186 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $108,315 |
| Insurance | $46,110 |
| All other expenses | $412 |
| Total functional expenses | $2,946,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,484,186 |
| Savings and temporary cash investments | $482,901 |
| Pledges and grants receivable | $275,785 |
| Accounts receivable, net | $10,172 |
| 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 | $11,133 |
| Net Land, buildings, and equipment | $2,177,354 |
| Investments—publicly traded securities | $652,640 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $450,660 |
| Total assets | $5,544,831 |
| Accounts payable and accrued expenses | $156,374 |
| Grants payable | $0 |
| Deferred revenue | $47,903 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,752 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,346,554 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,589 |
| Total liabilities | $2,570,172 |
| Net assets without donor restrictions | $2,449,665 |
| Net assets with donor restrictions | $524,994 |
| 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 | $5,544,831 |