Homestretch Inc

Organization Overview

Homestretch Inc is located in Falls Church, VA. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Homestretch Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homestretch 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 06/2023, Homestretch Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $3.5m during the year ending 06/2023. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HOMESTRETCH, INC. IS A COMMUNITY-BASED NONPROFIT THAT SUPPORTS HOMELESS PARENTS WITH CHILDREN IN NORTHERN VIRGINIA AS THEY REGAIN THEIR INDEPENDENCE, MOVE TOWARD SELF-SUFFICIENCY, AND BREAK CYCLES OF POVERTY FOR GOOD. OUR RIGOROUS TWO- TO THREE-YEAR PROGRAM ACCOMPLISHES THIS MISSION BY PROVIDING TRAUMA-INFORMED SAFE HOUSING AND CULTURALLY SENSITIVE COMPREHENSIVE CASE MANAGEMENT SUPPORTS THAT INCLUDE: WORKFORCE READINESS TRAINING, A FINANCIAL LITERACY PROGRAM FEATURING DEBT REDUCTION EDUCATION AND CREDIT REPAIR, TENANT EDUCATION AND HOUSING ADVOCACY, AND A WIDE ARRAY OF SERVICES FOR CHILDREN INCLUDING AN ON-SITE NURSERY CENTER AND LICENSED PRESCHOOL. SINCE 1990, OUR MISSION'S GOAL HAS BEEN TO EMPOWER HOMELESS FAMILIES TO SECURE PERMANENT HOUSING AND ATTAIN THE SKILLS, KNOWLEDGE AND HOPE THEY NEED TO ACHIEVE PERMANENT SELF-SUFFICIENCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOMESTRETCH PROVIDED TRANSITIONAL HOUSING ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN IN THE FORM OF RENT, UTILITIES, EXPENSES AND LIFE SKILLS TRAINING. HOMESTRETCH ALSO PROVIDED KITCHEN FURNISHINGS, HOUSEHOLD FURNITURE AND SUPPLIES, ON A PASS-THROUGH BASIS, AS ITEMS ARE DONATED BY THE COMMUNITY AT LARGE. HOMESTRETCH, INC. CONTINUES TO SERVE AN AVERAGE OF 46 FAMILIES AT ANY POINT IN TIME, USING A COMBINATION OF HOUSING MODELS INCLUDING TRANSITIONAL HOUSING, PERMANENT SUPPORTIVE HOUSING, TRANSITIONING-IN-PLACE, AND AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.


KIDSTRETCH IS A VIRGINIA PRESCHOOL INITIATIVE (VPI) CLASSROOM AND SERVES AS THE EARLY CHILDHOOD EDUCATION COMPONENT OF HOMESTRETCH. OUR GOAL AT KIDSTRETCH IS TO ENSURE HIGH QUALITY PRESCHOOL PROGRAMMING THAT SUPPORTS SCHOOL READINESS FOR THREE- TO FIVE-YEAR OLDS. AS A VPI CLASSROOM, KIDSTRETCH ALSO PROVIDES CHILD SCREENINGS FOR HEARING, VISION, DEVELOPMENTAL, DENTAL, AND MENTAL HEALTH.


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Board, Officers & Key Employees

Name (title)Compensation
Kerry Morgan
President
$0
Mahreen Rashid
Vice President
$0
Amy Thorn
Treasurer
$0
Mike Leavitt
Secretary
$0
Mark Bronfman
Director
$0
Bill Landon
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$23,047
Membership dues$0
Fundraising events$443,743
Related organizations$0
Government grants $125,177
All other contributions, gifts, grants, and similar amounts not included above$3,266,687
Noncash contributions included in lines 1a–1f $966,415
Total Revenue from Contributions, Gifts, Grants & Similar$3,858,654
Total Program Service Revenue$591,928
Investment income $25,355
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $30,226
Net Gain/Loss on Asset Sales $10,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,528,165

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