Homeward Bound Of Western North Carolina Inc
- Assets
- $7.6m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 102
- Location
- Asheville, NC
- Founding
- 04/1988
- Data as of
- 06/2021
- 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 06/2021, Homeward Bound Of Western North Carolina Inc employed 102 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 06/2021, Homeward Bound Of Western North Carolina Inc generated $7.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $7.0m during the year ending 06/2021. While expenses have increased by 6.9% per year over the past 6 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
2021
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
THE ORGANIZATION PROVIDED CASE MANAGEMENT AND FINANCIAL ASSISTANCE TO ACCESS AND MAINTAIN PERMANENT HOUSING UNDER ITS "PATH", "SUPPORTIVE SERVICES FOR VETERANS- AND "PERMANENT SUPPORTIVE HOUSING" PROGRAMS. OUR "PATH" TEAM OUTREACHES TO PEOPLE WHO ARE HOMELESS AND MENTALLY ILL, BUILDING RELATIONSHIPS THAT ALLOW THEM TO CONNECT CLIENTS WITH CRUCIAL MENTAL HEALTH CARE SERVICES, AS WELL AS BASIC NEEDS AND HOUSING SUPPORTS. SUPPORTIVE SERVICES FOR VETERANS (SSFV) ENDS HOMELESSNESS FOR VETERANS IN BUNCOMBE COUNTY. SSVF OUTREACHES TO VETERANS, OFFERS NEEDS ASSESSMENT, HOUSING SEARCH AND APPLICATION ASSISTANCE, MOVE-IN SUPPORT, SHORT TERM FINANCIAL ASSISTANCE FOR HOUSING, SHORT CASE MANAGEMENT SUPPORT AND CONNECTION TO COMMUNITY RESOURCES. PERMANENT SUPPORTIVE HOUSING ENDS HOMELESSNESS BY MOVING PEOPLE DIRECTLY INTO THEIR OWN APARTMENTS AND PROVIDING THE SUPPORT THEY NEED TO STAY IN HOUSING. 89% OF THE PEOPLE IT HAS HOUSED HAVEN'T BECOME HOMELESS AGAIN.
THE ORGANIZATION PROVIDED SHELTER AND CASE MANAGEMENT FOR HOMELESS PERSONS IN ASHEVILLE AND BUNCOMBE COUNTY UNDER THE "AHOPE DAY CENTER- AND "ROOM IN THE INN" PROGRAMS. AHOPE IS THE FIRST STEP TOWARDS MOVING INTO HOUSING. IT'S OPEN MONDAY THROUGH FRIDAY 8 A.M. TO 3 P.M, EXCEPT CLOSING AT 11:30 A.M. ON WEDNESDAYS. THE PROGRAM OFFERS BASIC SERVICES LIKE SHOWERS, MAIL, PHONE, & STORAGE. MOST IMPORTANTLY, AHOPE IS WHERE HOUSING INTAKES OCCUR TO GET PEOPLE ON THE ROAD TO PERMANENT HOUSING. LOCATED AT 19 N. ANN STREET, ASHEVILLE, NC. ROOM IN THE INN IS A MOBILE SHELTER SERVING 12 WOMEN AND OPERATED IN PARTNERSHIP WITH 60 FAITH COMMUNITIES WHO TAKE TURNS HOSTING THE WOMEN FOR A WEEK, PROVIDING ALL OF THEIR MEALS, SHELTER, AND EVENING ACTIVITIES. THE PROGRAM DIRECTOR COORDINATES CONGREGATIONS AND WORKS WITH THE WOMEN TO MOVE THEM OUT OF THE PROGRAM AND INTO PERMANENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meredith Switzer Executive Di | Officer | 40 | $103,076 |
April Lambert Fin Dir Thru | Officer | 40 | $42,520 |
Vann Vogel President | OfficerTrustee | 1 | $0 |
Angie Cullen Vice Preside | OfficerTrustee | 1 | $0 |
Chris Youngblood Treasurer | OfficerTrustee | 1 | $0 |
Mae Creadick Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $90,158 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,249,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,580,283 |
| Noncash contributions included in lines 1a–1f | $208,351 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,920,059 |
| Total Program Service Revenue | $15,547 |
| Investment income | $3,788 |
| 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 | $7,947,393 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,937,116 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $105,379 |
| Compensation of current officers, directors, key employees. | $15,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,799,189 |
| Pension plan accruals and contributions | $18,317 |
| Other employee benefits | $230,127 |
| Payroll taxes | $221,174 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $406 |
| Fees for services: Accounting | $19,305 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,475 |
| Advertising and promotion | $0 |
| Office expenses | $204,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $195,317 |
| Travel | $6,354 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,574 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $62,948 |
| Insurance | $49,696 |
| All other expenses | $0 |
| Total functional expenses | $6,961,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $708,284 |
| Savings and temporary cash investments | $3,074,756 |
| Pledges and grants receivable | $1,315,030 |
| Accounts receivable, net | $7,785 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,417,304 |
| Investments—publicly traded securities | $15,224 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,000 |
| Total assets | $7,613,383 |
| Accounts payable and accrued expenses | $334,940 |
| Grants payable | $0 |
| Deferred revenue | $2,014,980 |
| 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 | $827,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,177,138 |
| Net assets without donor restrictions | $3,544,497 |
| Net assets with donor restrictions | $891,748 |
| 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 | $7,613,383 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Homeward Bound Of Western North Carolina Inc has recieved totaling $1,845,501.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $1,000,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: ASSISTING PEOPLE IN NEED | $408,755 |
North Carolina Coalition To End Homelessness Inc Raleigh, NC PURPOSE: AID TO HOMELESS | $129,076 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $89,300 |
Wnc Bridge Foundation Asheville, NC PURPOSE: NOW/IMPACT GRANT | $77,500 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: HUMAN SERVICES | $55,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nashville Rescue Mission Nashville, TN | $37,816,884 | $20,187,859 |
Forkids Inc Chesapeake, VA | $30,389,970 | $15,557,559 |
Eastern Carolina Homelessness Organization Inc Myrtle Beach, SC | $3,922,932 | $13,355,938 |
One-Eighty Place Charleston, SC | $19,059,150 | $17,424,004 |
New Hope Housing Inc Alexandria, VA | $4,724,081 | $13,222,867 |
The Next Door Nashville, TN | $9,790,699 | $10,091,124 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Homeward Bound Of Western North Carolina Inc Asheville, NC | $7,613,383 | $7,947,393 |
Good Shepherd Ministries Of Wilmington Inc Wilmington, NC | $5,944,318 | $5,829,683 |
Caritas Richmond, VA | $20,735,460 | $5,144,634 |
Doorways For Women & Families Inc Arlington, VA | $11,264,979 | $7,983,956 |