Homeward Bound Inc
- Assets
- $11.8m
- Revenue
- $19.1m
- Investments
- $0.0
- Employees
- 390
- Location
- Plymouth, MN
- Founding
- 12/1973
- Data as of
- 12/2023
- EIN
- 41-1223085
Organization Overview
Homeward Bound Inc is located in Plymouth, MN. The organization was established in 1973. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2023, Homeward Bound Inc employed 390 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound 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, Homeward Bound Inc generated $19.1m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $20.0m during the year ending 12/2023. While expenses have increased by 4.3% 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
PROVIDE INNOVATIVE, LIFE- ENRICHING SERVICES TO DISABLED CHILDREN, ADOLESCENTS AND ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEWARD BOUND WAS FOUNDED BY FAMILIES IN 1973. FOR 49 YEARS HOMEWARD BOUND HAS PROVIDED QUALITY AND INNOVATIVE SERVICES TO SUPPORT CHILDREN AND ADULTS WITH DISABILITIES IN LEADING MORE FULFILLING LIVES. WHILE WE SERVE PEOPLE WITH A VARIETY OF DISABILITIES, WE HAVE THE UNIQUE CAPACITY OF MEETING THE NEEDS OF THOSE WITH THE MOST SEVERE AND PROFOUND DISABILITIES. WE PROVIDE 24 HOUR SPECIALIZED NURSING CARE, IN-HOME CARE AND GROUP LIVING ENVIRONMENTS. HOMEWARD BOUND IS A PARTNERSHIP BETWEEN SPIRITED INDIVIDUALS WITH DISABILITIES AND THE CARING PEOPLE COMMITTED TO PROVIDING AN INDIVIDUALIZED, CHALLENGING AND LIFE-AFFIRMING GROWTH EXPERIENCE. WE PROVIDE SUPPORT WHICH VALUES THE COMPETENCE, STRENGTHS AND DESIRES OF EACH INDIVIDUAL. EACH PERSON IS ENCOURAGED AND EMPOWERED TO DEVELOP SKILLS AND CAPABILITIES NEEDED TO INCREASE SELF-RELIANCE AND ENHANCE QUALITY OF LIFE.WE CURRENTLY OPERATE 22 RESIDENTIAL HOMES, AND AN IN-HOME PROGRAM. OUR HOMES SPAN THE COMMUNITIES OF: BROOKLYN PARK, CRYSTAL, GOLDEN VALLEY, HOPKINS, MAPLE GROVE, MINNETONKA, NEW HOPE, PLYMOUTH, ROBBINSDALE AND ST. LOUIS PARK. WE CURRENTLY SERVE 91 PEOPLE, AGES 14-70+, FROM A VARIETY OF RACES, RELIGIONS AND ETHNICITIES. OUR MISSION: TO BE THE LEADING PROVIDER OF LIFE-ENRICHING SERVICES FOR CHILDREN AND ADULTS WITH DISABILITIES.WE ACHIEVE THIS BY CONTINUOUSLY IMPROVING THE QUALITY OF SUPPORT SERVICES. THE STAFF WORKS HARD TO MAKE SURE THAT REGARDLESS OF A PERSON'S DISABILITIES, THERE ARE WAYS TO PARTICIPATE AND ENJOY LIFE'S PLEASURES. WE STRIVE TO EXCEED THE EXPECTATIONS OF THE PEOPLE WE SERVE AND THEIR FAMILIES BY FINDING BETTER WAYS OF DELIVERING CARE, HOUSING AND PROGRAMMATIC SERVICES.SERVICES WE PROVIDE: *RESIDENTIAL HOUSING SUPPORT: SPECIALLY DESIGNED HOMES TO MEET THE NEEDS OF INDIVIDUALS WITH DISABILITIES. OUR WELL TRAINED SUPPORT PROFESSIONALS HELP CHILDREN AND ADULTS WITH DISABILITIES DEVELOP AND ACHIEVE GOALS IN ALL LIFE AREAS USING SOPHISTICATED PROGRAMMING. WE OFFER 24/7, 365 DAY SUPPORT IN ALL OUR HOMES. *EDUCATION AND OUTREACH: HOMEWARD BOUND REACHES OUT TO THE COMMUNITY AS A WHOLE THROUGH INFORMATIONAL SPEAKING EVENTS, COMMUNITY ACTIVITIES AND PRESENTATIONS ABOUT DEVELOPMENT DISABILITIES TO EDUCATE THE PUBLIC ABOUT DISABILITIES AND AVAILABLE SUPPORT PROGRAMS.COMMUNITY ACTIVITIES WE OFFER:HOMEWARD BOUND STRIVES TO CONNECT CHILDREN AND ADULTS OF ALL MENTAL AND PHYSICAL ABILITIES TO THE ARTS, MUSIC, NATURE AND OTHER COMMUNITY INVOLVEMENT ACTIVITIES. *ART-ABILITIES: AN ART SHOW AT HENNEPIN COUNTY LIBRARY FEATURING ARTWORK REPRESENTING OVER 6,500 MINNESOTANS WITH DISABILITIES. THIS YEAR ARTWORK CREATED BY INDIVIDUALS AT HOMEWARD BOUND IS ON DISPLAY AT RIDGEDALE LIBRARY IN OCTOBER. *MADE IN THE SHADE: A NON-COMPETITIVE WALK, RUN OR ROLL EVENT AROUND LAKE CALHOUN. HOMEWARD BOUND COORDINATES THIS EVENT WITH SIX OTHER NONPROFITS WITH SIMILAR SERVICES TO CHILDREN AND ADULTS WITH DISABILITIES. THIS IS A GREAT WAY FOR THE INDIVIDUALS IN OUR HOMES TO GET OUT INTO THE COMMUNITY AND ENJOY A DAY OUTSIDE. *HOMEWARD BOUND GOLF CLASSIC: 2023 WILL BE OUR 27TH ANNUAL GOLF EVENT, HELD AT MINNESOTA VALLEY COUNTRY CLUB IN BLOOMINGTON. MANY LARGE AREA CORPORATIONS SUPPORT THIS EVENT AND HAVE FORMED WONDERFUL PARTNERSHIPS WITH HOMEWARD BOUND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Sherwood Chair | OfficerTrustee | 1 | $0 |
Kevin Rymanowski Vice Chair | OfficerTrustee | 1 | $0 |
Paul Chermak Board Treasurer | OfficerTrustee | 0.5 | $0 |
Dave Hofstad Thru Oct 23 Board Secertary | OfficerTrustee | 0.2 | $0 |
Terry Severns Williams Board Secertary | OfficerTrustee | 0.2 | $0 |
Mary Ystesund Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amunchin Health Care Services Inc Nursing/direct Care Staffing | 12/30/23 | $296,546 |
Allied Professions Nursing Staff | 12/30/23 | $185,702 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $97,971 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,312 |
| Noncash contributions included in lines 1a–1f | $62,530 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $250,283 |
| Total Program Service Revenue | $18,715,870 |
| Investment income | $40,459 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $97,352 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,103,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,375 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $205,816 |
| Compensation of current officers, directors, key employees. | $205,816 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,888,857 |
| Pension plan accruals and contributions | $289,000 |
| Other employee benefits | $880,057 |
| Payroll taxes | $1,082,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,943 |
| Fees for services: Accounting | $48,193 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $308,985 |
| Advertising and promotion | $0 |
| Office expenses | $80,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $803,901 |
| Travel | $142,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,055 |
| Interest | $68,259 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $502,105 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,965,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,284 |
| Savings and temporary cash investments | $713,171 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,032,824 |
| 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 | $160,336 |
| Net Land, buildings, and equipment | $8,518,589 |
| Investments—publicly traded securities | $922,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $404,732 |
| Total assets | $11,781,534 |
| Accounts payable and accrued expenses | $1,494,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $5,037,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $131,815 |
| Total liabilities | $6,664,244 |
| Net assets without donor restrictions | $3,791,154 |
| Net assets with donor restrictions | $1,326,136 |
| 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 | $11,781,534 |