Homeward Bound Of Marin
- Assets
- $54.1m
- Revenue
- $22.6m
- Investments
- $0.0
- Employees
- 151
- Location
- Novato, CA
- Founding
- 01/1984
- Data as of
- 06/2023
- EIN
- 68-0011405
Organization Overview
Homeward Bound Of Marin is located in Novato, CA. The organization was established in 1984. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Homeward Bound Of Marin employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homeward Bound Of Marin 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, Homeward Bound Of Marin generated $22.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $15.3m during the year ending 06/2023. While expenses have increased by 9.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMEWARD BOUND OF MARIN IS THE MAIN PROVIDER OF EMERGENCY SHELTER, SUPPORTIVE HOUSING AND SERVICES FOR PEOPLE FACING A HOUSING CRISIS IN MARIN COUNTY, CALIFORNIA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SERVICES PROGRAM - HOMEWARD BOUND SERVES SINGLE ADULTS EXPERIENCING HOMELESSNESS THROUGH RESIDENTIAL PROGRAMS THAT RANGE FROM THE ONLY YEAR-ROUND EMERGENCY SHELTERS IN MARIN COUNTY TO PERMANENT SUPPORTIVE HOUSING. IN THE PAST YEAR, OUR AGENCY SERVED 699 ADULTS, INCLUDING 52 MILIARY VETERANS, IN EXISTING PROGRAMS. THE AGENCY BEGAN CONSTRUCTION IN 2023 ON 24 NEW APARTMENTS FOR UNHOUSED VETERANS THAT WILL OPEN IN SPRING 2024. COMPLETION OF THIS BUILDING IS EXPECTED TO EFFECTIVELY END VETERAN HOMELESSNESS IN MARIN COUNTY! SITE WORK HAS BEEN COMPLETED TO CONSTRUCT 26 MORE APARTMENTS FOR FAMILIES AND INDIVIDUALS EXITING HOMELESSNESS, EXTENDING THE HOUSING OPTIONS FOR PEOPLE LEAVING SHELTER SERVICES.
SOCIAL ENTERPRISE PROGRAM - SINCE 2000, HOMEWARD BOUND HAS OPERATED THE FRESHSTARTS CULINARY ACADEMY, OUR JOB-TRAINING PROGRAM FOR HOMELESS AND LOW-INCOMEADULTS IN MARIN COUNTY. AS THE PANDEMIC EASED, HOMEWARD BOUND MADE PLANS TORELAUNCH THE TRAINING IN NOVEMBER 2021, REQUIRING ALL STUDENTS TO BE VACCINATEDAGAINST COVID-19. DURING THE PAUSE, THE TRAINING TEAM ENROLLED ALMOST TWO DOZENGRADUATES IN AN EXTENDED COURSE THAT INCLUDED INVENTORY MANAGEMENT, STAFFLEADERSHIP AND ADVANCED KNIFE SKILLS. GRADUATES HAVE CONTINUED TO RECEIVE HANDS-ONEXPERIENCE AND PAID EMPLOYMENT IN HOMEWARD BOUND'S SOCIAL ENTERPRISES, INCLUDINGTHE PRODUCTION OF WAGSTER TREATS DOG BISCUITS, GOURMET CHOCOLATES AND THE HALOHOMEMADES LINE OF JAMS, SALSAS AND PICKLES. AS PART OF THE STATE-SPONSORED GREATPLATES DELIVERED PROGRAM, THE CULINARY TEAM PREPARED MORE 15,000 MEALS FORVULNERABLE SENIORS IN THE COMMUNITY.
FAMILY SERVICES PROGRAM - SINCE 1974, HOMEWARD BOUND HAS OPERATED THE ONLY YEAR-ROUND EMERGENCY SHELTER FOR HOMELESS FAMILIES IN MARIN COUNTY, CALIFORNIA. THE SAME BUILDING TODAY OFFERS SHELTER FOR NINE FAMILIES AND SERVICES HAVE BEEN EXPANDED TO EIGHT TRANSITIONAL AND PERMANENT SUPPORTIVE HOUSING PROGRAMS. IN THE 2022-23 YEAR, THE AGENCY SERVED A TOTAL OF 255 PEOPLE IN FAMILIES (122 ADULTS AND 133 CHILDREN). SERVICES INCLUDE CARING CASE MANAGEMENT, MEAL SUPPORT AND HELP TO FIND A PATH TO HOUSING. THE AGENCY PLANS TO BEGIN WORK ON 26 NEW APARTMENTS IN 2024 FOR PEOPLE MOVING OUT OF HOMELESSNESS, INCLUDING SEVERAL FOR FAMILIES. THIS WILL EXTEND THE SERVICES THAT LAST YEAR SAW 90% OF FAMILIES LEAVING HOMEWARD BOUND PROGRAMS MOVE TO STABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Kay Sweeney Co-Ceo | Officer | 40 | $187,900 |
Paul Fordham Co-Ceo | Officer | 40 | $163,825 |
Anna Hurtado Dir Support Serv | 40 | $157,547 | |
Lasaunda Tate Dir Housing & Oper | 40 | $156,796 | |
Robert Heinen Dir Of Finance | Officer | 40 | $146,274 |
Shikira Porter Chief Equity Off. | 40 | $117,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Savonni #1 Llc Rent/lease | 6/29/23 | $185,739 |
Kenny Truong Rent/lease | 6/29/23 | $123,285 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,834,716 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,209,820 |
| Noncash contributions included in lines 1a–1f | $431,367 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,044,536 |
| Total Program Service Revenue | $2,390,866 |
| Investment income | $176,885 |
| 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 | $22,612,287 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $498,000 |
| Compensation of current officers, directors, key employees. | $34,652 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,073,132 |
| Pension plan accruals and contributions | $101,968 |
| Other employee benefits | $852,327 |
| Payroll taxes | $506,539 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $86,023 |
| Office expenses | $442,070 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,145,821 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,003 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,125,367 |
| Insurance | $0 |
| All other expenses | $632,530 |
| Total functional expenses | $15,297,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,018,876 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,897,263 |
| Accounts receivable, net | $17,916 |
| 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 | $344,312 |
| Net Land, buildings, and equipment | $37,390,442 |
| Investments—publicly traded securities | $5,142,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,250,610 |
| Total assets | $54,062,029 |
| Accounts payable and accrued expenses | $906,382 |
| Grants payable | $0 |
| Deferred revenue | $2,677 |
| 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 | $6,018,258 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,306,988 |
| Total liabilities | $9,234,305 |
| Net assets without donor restrictions | $35,847,536 |
| Net assets with donor restrictions | $8,980,188 |
| 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 | $54,062,029 |