Homeward Bound Of Western North Carolina Inc
- Assets
- $17.9m
- Revenue
- $19.3m
- Investments
- $0.0
- Employees
- 132
- Location
- Asheville, NC
- Founding
- 04/1988
- Data as of
- 06/2022
- EIN
- 56-1568917
Organization Overview
Homeward Bound Of Western North Carolina Inc is located in Asheville, NC. The organization was established in 1988. 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 06/2022, Homeward Bound Of Western North Carolina Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound Of Western North Carolina 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, Homeward Bound Of Western North Carolina Inc generated $19.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.5% each year . All expenses for the organization totaled $7.4m during the year ending 06/2022. While expenses have increased by 6.9% 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
WORKING WITH OTHERS TO END THE CYCLE OF HOMELESSNESS WITH HOUSING AND CASE MANAGEMENT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR PEOPLE AT IMMINENT RISK OF HOMELESSNESS AND THOSE ALREADY EXPERIENCING IT, OUR SERVICES START AT OUR AHOPE DAY CENTER LOCATED AT 19 N. ANN STREET IN DOWNTOWN ASHEVILLE. AT AHOPE, PEOPLE COME IN TO GET BASIC SERVICES INCLUDING COFFEE, SNACKS, AND ACCESS TO FIRST AID, SHOWERS, STORAGE, MAIL, AND TELEPHONES. OUR CASE MANAGERS MEET WITH THEM TO CONDUCT ASSESSMENTS AND REFER THEM TO OUR PREVENTION PROGRAM TO HELP THEM MAINTAIN THEIR HOUSING OR TO OUR HOUSING PROGRAM TO END THEIR HOMELESSNESS.
HOMEWARD BOUND OPERATES SEVERAL SUPPORTIVE HOUSING PROGRAMS CALLED PERMANENT SUPPORTIVE HOUSING (INCLUDING SCATTERED SITE HOUSING WITH PRIVATE LANDLORDS, PUBLIC HOUSING, WOODFIN APARTMENTS, KEY COMMONS, AND COMPASS POINT VILLAGE WHICH IS IN THE RENOVATION STAGE AND SHOULD BE OPEN IN SUMMER OF 2023), RAPID REHOUSING AND SERVICES FOR VETERANS AND THEIR FAMILIES PROGRAM. EACH OF THESE HOUSING PROGRAMS ARE OPERATED USING A NATIONAL BEST PRACTICE MODEL CALLED HOUSING FIRST. PEOPLE ARE MOVED INTO HOUSING FIRST AND ARE THEN PROVIDED CASE MANAGEMENT SUPPORT SERVICES TO HELP THEM REMAIN IN HOUSING. THIS MODEL PROVIDES PEOPLE THE STABILITY THEY NEED IN HOUSING TO BE ABLE TO THEN WORK ON ANY ISSUES THEY MAY HAVE SUCH AS MENTAL HEALTH, SUBSTANCE USE, OR PHYSICAL HEALTH.
WE ALSO OPERATE THE WELCOME HOME DONATION CENTER WHERE WE ACCEPT DONATIONS OF GENTLY USED FURNISHINGS AND HOUSEHOLD ITEMS FROM THE COMMUNITY. WHEN WE MOVE AN INDIVIDUAL OR FAMILY OUT OF HOMELESSNESS AND INTO A HOME, THEY HAVE EVERYTHING THEY NEED TO BEGIN LIFE ANEW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Wright President | OfficerTrustee | 2.5 | $0 |
Jo Ikelheimer Vice-Preside | OfficerTrustee | 2.5 | $0 |
Heather Norton Treasurer | OfficerTrustee | 2.5 | $0 |
Kelly Pierce Secretary | OfficerTrustee | 2.5 | $0 |
Rodrigo Afandor Board Member | Trustee | 2.5 | $0 |
Amber Banks Board Member | Trustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,155,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,103,953 |
| Noncash contributions included in lines 1a–1f | $1,697,283 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,259,309 |
| Total Program Service Revenue | $12,383 |
| Investment income | $2,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,998 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $19,270,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,660,787 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $119,062 |
| Compensation of current officers, directors, key employees. | $6,667 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,012,690 |
| Pension plan accruals and contributions | $22,311 |
| Other employee benefits | $269,782 |
| Payroll taxes | $242,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,468 |
| Fees for services: Accounting | $22,786 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,175 |
| Advertising and promotion | $0 |
| Office expenses | $478,013 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,294 |
| Travel | $22,913 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,343 |
| Insurance | $88,662 |
| All other expenses | $0 |
| Total functional expenses | $7,430,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,025,291 |
| Savings and temporary cash investments | $2,441,970 |
| Pledges and grants receivable | $4,181,664 |
| Accounts receivable, net | $43,466 |
| 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 | $14,088 |
| Net Land, buildings, and equipment | $10,221,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,927,827 |
| Accounts payable and accrued expenses | $790,374 |
| Grants payable | $0 |
| Deferred revenue | $290,827 |
| 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 | $723,189 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,804,390 |
| Net assets without donor restrictions | $2,509,515 |
| Net assets with donor restrictions | $13,613,922 |
| 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 | $17,927,827 |