Homestretch Inc
- Assets
- $8.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 28
- Location
- Falls Church, VA
- Founding
- 07/1998
- Data as of
- 06/2022
- EIN
- 54-1894391
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 06/2022, Homestretch Inc employed 28 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 06/2022, Homestretch Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. While expenses have increased by 2.6% per year over the past 7 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
HOMESTRETCH, INC. HELPS HOMELESS FAMILIES TO SECURE HOUSING AND 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 52 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, A PROGRAM OF HOMESTRETCH, ENGAGES IN BEST PRACTICES IN EARLY CHILDHOOD. KIDSTRETCH IS A VIRGINIA PRESCHOOL INITIATIVE (VPI) CLASSROOM. VPI IS A STATE INITIATIVE THAT PROVIDES ACCESS TO HIGH QUALITY PRESCHOOLPROGRAMS FOR 4-YEAR-OLDS WITH ELIGIBLE INCOMES. VPI PROGRAMS SUCH AS OURS SUPPORT SCHOOL READINESS AND SUCCESS IN KINDERGARTEN AND BEYOND. KIDSTRETCH STUDENTS FOLLOW A STATE APPROVED, DEVELOPMENTALLY APPROPRIATE CURRICULUM TO ADDRESS THEIR LEARNING NEEDS. BY PARTICIPATING IN THE VPI PROGRAM, KIDSTRETCH PROVIDES CHILD SCREENINGS FOR HEARING, VISION, DEVELOPMENTAL, DENTAL AND MENTAL HEALTH, AS WELL AS FAMILY ENGAGEMENT OPPORTUNITIES. ALL OF OUR CHILDREN AGES THREE TO FIVE REAP THE BENEFITS OF PARTICIPATING IN OUR VPI CLASSROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Fay Executive Director | Officer | 40 | $130,491 |
Brenda Wilks Deputy Director | 40 | $120,436 | |
Mike Leavitt Secretary | OfficerTrustee | 1 | $0 |
Patricia Tetro President | OfficerTrustee | 1 | $0 |
Kerry Morgan Vice President | OfficerTrustee | 1 | $0 |
Amy Thorn Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $21,929 |
| Membership dues | $0 |
| Fundraising events | $573,125 |
| Related organizations | $0 |
| Government grants | $180,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,300,618 |
| Noncash contributions included in lines 1a–1f | $201,974 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,076,578 |
| Total Program Service Revenue | $563,743 |
| Investment income | $2,481 |
| 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 | $3,652,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $561,291 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,749 |
| Compensation of current officers, directors, key employees. | $68,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,297,428 |
| Pension plan accruals and contributions | $51,426 |
| Other employee benefits | $146,909 |
| Payroll taxes | $108,545 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $65 |
| Fees for services: Other | $73,436 |
| Advertising and promotion | $0 |
| Office expenses | $80,618 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,194 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,721 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,193 |
| Insurance | $52,139 |
| All other expenses | $82,749 |
| Total functional expenses | $3,314,068 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,454,212 |
| Savings and temporary cash investments | $102,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $167,985 |
| 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 | $29,009 |
| Net Land, buildings, and equipment | $5,420,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,100 |
| Total assets | $8,185,903 |
| Accounts payable and accrued expenses | $56,007 |
| Grants payable | $0 |
| Deferred revenue | $1,194 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $382,539 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,660,291 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $95,462 |
| Total liabilities | $6,195,493 |
| Net assets without donor restrictions | $1,752,530 |
| Net assets with donor restrictions | $237,880 |
| 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 | $8,185,903 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Homestretch Inc has recieved totaling $295,084.
| Awarding Organization | Amount |
|---|---|
Fagus Foundation Middleburg, VA PURPOSE: CHARITABLE SUPPORT | $110,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $40,755 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,040 |
United Way Of The National Capital Area Vienna, VA PURPOSE: DESIGNATED AND/OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $21,929 |
Jacquemin Family Foundation Inc Ashburn, VA PURPOSE: EMPOWERS HOMELESS FAMILIES TO RETURN TO STABLE HOUSING AND SELF-SUFFICIENCY BY PROVIDING THEM WITH THE SKILLS TO BECOME PRODUCTIVE PARTICIPANTS IN NORTHERN VIRGINIA. | $15,000 |
Allegis Group Foundation Inc Hanover, MD PURPOSE: GENERAL USE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Global Development Washington, DC | $65,777,264 | $14,319,773 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Corus International Inc Baltimore, MD | $10,612,047 | $34,455 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |
Highland School Inc Warrenton, VA | $41,730,791 | $16,433,775 |