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Organization DBA HomeStart
Home Start
Home Start Inc.
Former Names --
Organization received a competitive grant from the Boston Foundation in the past five years No

Summary

Mission StatementMORE »

HomeStart is committed to ending and preventing homelessness in Greater Boston. We help families and individuals find, secure and maintain their own homes.

Mission Statement

HomeStart is committed to ending and preventing homelessness in Greater Boston. We help families and individuals find, secure and maintain their own homes.

FinancialsMORE »

Fiscal Year Oct 01, 2016 to Sept 30, 2017
Projected Income $9,130,718.00
Projected Expense $8,946,943.00

ProgramsMORE »

  • Affordable Housing Subsidy Program
  • Homelessness Prevention Program
  • Housing Retention and Stabilization Program
  • Housing Search Program

Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

For more details regarding the organization's financial information, select the financial tab and review available comments.


Overview

Mission Statement

HomeStart is committed to ending and preventing homelessness in Greater Boston. We help families and individuals find, secure and maintain their own homes.

Background Statement

The organization began in 1994 when advocates and shelter providers set out to test a simple premise: with the right housing assistance and expertise homeless men and women could make it in housing. Boston’s homeless shelters at the time gave single adults a place to stay, but few services to help them find housing. The result was a gridlocked system with an overflow of people. HomeStart began with a pilot grant from the U.S. Department of Housing and Urban Development (HUD), a few trained staff, and a vision for change. HomeStart has grown a lot since then. However, this growth has always been focused on the agency’s clear vision and agenda of housing solutions to end homelessness. The organization began by helping to place homeless adults in housing; then it added follow-up services to assist people to retain housing; and next it initiated housing services to prevent homelessness. Along the way, it took on the challenge of securing and managing an array of housing tools from flexible rental funds to long-term housing subsidies that facilitate ending and preventing homelessness.

Impact Statement

Accomplishments:
  • 678 homeless individuals and family households were placed into affordable housing, up from 390 in 2012. This increase is largely due to the recent launches of HomeStart's Rapid Re-Housing and Veterans Services programs.
  • 93% of those receiving HomeStart's housing retention services remained housed one year later.
  • 424 low-income households (including 544 adults and 498 children) on the verge of eviction were prevented from becoming homeless.
  • HomeStart's Stabilization programs provided housing vouchers and supportive services to 224 clients who were formerly chronically homeless.
  • Over 3,000 people received housing advice, eviction prevention counseling, information and referrals to help them find or maintain housing.

Goals:

  • Through new partnerships, publicly-funded contracts, and increased funding, broaden HomeStart’s potential for impact by innovatively expanding the depth and breadth of services provided.

  • Achieve recognition within the homelessness solution ecosystem as the thought leader and innovative industry expert in ending homelessness.

  • Address the Boston housing capacity issue through an innovative outreach within Greater Boston through increased state-level advocacy for housing subsidy programs.

  • Continue to address prevention and educate the public on its effectiveness in ending homelessness.


Needs Statement

  • Funding for programming: The average cost of preventing an eviction in FY2016 was $2,000; taxpayers will pay approximately $30,000 for an evicted family to stay in an overcrowded shelter. There is a waiting list of five months for a client to receive prevention services due to a need to hire more advocates, and demand for other HomeStart programming remains high.
  • Increase in partnerships: HomeStart can benefit from partnerships with other organizations to share resources to provide innovative programming, and relationships with corporations and foundations interested in supporting our mission.
  • Increase in affordable housing: An increase in the housing capacity, state-level housing subsidies, and landlord/real estate partners in Greater Boston will help HomeStart open doors to more housing for clients.
  • Expansion of administrative roles: New program growth in response to increased housing demand has exceeded administrative growth and functions such as accounting, IT, and development have been left behind. Resources and attention to these issues will increase program effectiveness and staff retention.
  • Establishment of endowment: A plan to launch a $10-20 million 2016 endowment fund will expand and diversify the donor bases with more support from corporations and foundations.

CEO Statement

HomeStart is one of many agencies in Greater Boston addressing the needs of a growing, vulnerable population of homeless individuals and families. What sets us apart is that while other organizations aim to ease homelessness by providing temporary shelter, meals, clothing, health care and other services, our mission is to end it. We recognize the importance of these resources, some of which are available through organizations and shelters we collaborate with, but we believe that permanent housing provides the base for a stability that fosters independence and positive life changes, including furthering education, finding and keeping a job, and improving health and well-being.
 
We stop the flow of people into the shelter system in two ways. We get them out the back door with Housing Search services, provided by advocates who can connect them with affordable housing resources. And we keep people from entering the front door through our Prevention services for those who are at risk of being evicted, and Stabilization services to help the formerly homeless develop skills and address challenges so they can maintain their housing. Our model for dealing with the persistent problem of homelessness not only saves money that the state and other agencies spend would need to allocate for shelters and services, but helps individuals and families turn their lives around with dignity and a more lasting impact.
 

Board Chair Statement

Working with HomeStart is like working with a running river. For years, as the water, or homeless people, came down the river, HomeStart would do what it could to divert them out of the river into permanent housing. And HomeStart has done an amazing job, placing nearly 5000 people in housing over the past 19 years, but, the agency still faced a two-fold challenge. More and more people were coming down the river and HomeStart didn't have enough side channels to divert them to. As the agency grew over the past ten years, the services expanded to include prevention services which, to use the same analogy, slowed down the flow of homeless people and families coming down the river by keeping them in their housing. Again, while very successful, HomeStart just didn't have enough resources to prevent those families from coming down the river.
 
This is challenge. How do we help HomeStart find the resources to help keep families in housing and help those who fall out of housing find permanent options? I have met these people and they deserve a chance to get their lives back on track. I have seen how having an apartment can provide a base on which to build a life. Our board spent the last year revising our strategic plan to fine tune our goals so we can help HomeStart do what it does best: prevent families and individuals from becoming homeless in the first place and finding permanent housing for those who become homeless. Beyond the housing industry in greater Boston, HomeStart is a well kept secret. We plan to change that over the next year, so more people can appreciate what HomeStart has accomplished and how well the model works.
 

Geographic Area Served

Greater Boston Region-All Neighborhoods
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Organization Categories

  1. Housing, Shelter - Housing Search Assistance
  2. Housing, Shelter - Housing Support
  3. Human Services - Emergency Assistance (Food, Clothing, Cash)

Independent research has been conducted on this organization's theory of change or on the effectiveness of this organization's program(s)

No

Programs

Affordable Housing Subsidy Program

HomeStart not only provides services, it also produces affordable housing. The organization manages more than 480 government-funded housing vouchers, allowing formerly homeless individuals to move into permanent affordable housing and contribute a maximum of 30% of their income toward rent. HomeStart's housing voucher program is unique because each tenant benefits from HomeStart's intensive housing retention and stabilization services. The organization's reputation for sustaining and maintaining the tenancies of its clients has created on-going relationships with property management companies and private landlords alike.   
Budget  4,549,898
Category  Housing, General/Other Affordable Housing
Population Served Elderly and/or Disabled Poor,Economically Disadvantaged,Indigent At-Risk Populations
Program Short-Term Success  Formerly homeless individuals and families moving into apartments after long shelter stays or many years on the street will benefit from HomeStart's intensive stabilization services, ensuring that they maintain successful tenancies and settle into the community.
Program Long-Term Success  An affordable subsidized housing voucher makes housing stability a reality. Formerly homeless individuals and families, including many with disabling conditions and who have lived for years on the street, will break the cycle of homelessness through access and retention of safe, permanent and affordable housing. These publicly-funded affordable housing vouchers are more likely to translate into successful outcomes because of HomeStart's stabilization services. More than 95% of households will continue to reside in their apartments after one year.
Program Success Monitored By  Program success is monitored by tenants' on-going housing stability. Presently, more than 95% of tenants reside in their housing for at least one year.
Examples of Program Success  Sonia is a woman with a new lease on life. "Years ago, I was diagnosed with Crohn’s disease. The symptoms were so debilitating that I could not work and had to give up my apartment to go to a nursing home. After three years, I was ready to leave the nursing home. But since I could not afford to get an apartment on my own, there was no way for me to leave except into nothingness. I went to stay at a shelter.

"A friend told me about HomeStart. I was lucky to get a HomeStart housing voucher! It took a little time to adjust to it. I am glad I had my HomeStart Stabilization Advocate there to help me through this adjustment period. Building a life is so much more than having an apartment. I had to start my life from scratch. My advocate has been very supportive and encouraging, connecting me with different resources that would be right for me. I am now volunteering at WGBH pledge drives, making friends in my neighborhood and I even have special person in my life."

Homelessness Prevention Program

The work of the Homelessness Prevention Program represents HomeStart's belief that preventing evictions and ending homelessness before it starts is essential to stopping the cycle of homelessness. HomeStart specifically targets households who are experiencing multiple risk factors for homelessness but whose tenancies can also be sustained beyond the Homelessness Prevention Program's one-time intervention. Prevention advocates work one-on-one with clients to provide assessment, assistance with accessing public benefits and other community resources, budgeting and money management, landlord negotiation, accompaniment to housing court and access to small grants of emergency rental assistance. 
Budget  $857,605.00
Category  Housing, General/Other Housing Expense Assistance
Population Served Poor,Economically Disadvantaged,Indigent At-Risk Populations Families
Program Short-Term Success  The Homelessness Prevention Program intervenes when households are on the brink of eviction. Through advocacy, landlord negotiation and access to emergency financial assistance, Prevention Advocates are able to secure agreements that preserve the tenancy, stop the eviction and keep the household from becoming homeless in the first place.
Program Long-Term Success  Prevention advocates provide 12 months of post-crisis stabilization case management to help clients continue to address their barriers to housing stability. This can include referrals to job development, continuing education, medical and mental health care and other community resources. More than 90% of clients whose tenancies are preserved continue to reside in their apartments one year later.
Program Success Monitored By  The program works to achieve the short-term goal of resolving the immediate housing crisis and the long-term goal of on-going housing stability. The Homelessness Prevention Program is able to negotiate an agreement to preserve the tenancy for more than 95% of our clients and more than 90% continue to reside in their apartments one year later.
Examples of Program Success 

Nina is a single mom of a seven year old daughter who lives in Dorchester. She is a Cape Verdian immigrant who has lived in Boston for over ten years. She recently ended an abusive marriage. She obtained a restraining order against her abuser and has dedicated herself to creating a safe and loving home for her and her daughter.

She reached out to HomeStart for assistance with a rental arrearage that accrued after she lost her job. She was already back to work but was facing homelessness because of two months back rent. Her new job as an office manager at a local health clinic made her apartment affordable going forward, but she was facing immediate eviction.

 

HomeStart was able to obtain financial assistance necessary to negotiate a resolution with Nina's landlord. Her housing crisis was resolved, and she and her daughter were allowed to remain in her home. This stability has allowed her to focus on her next goals: resuming her classes for a medical translation certificate.


Housing Retention and Stabilization Program

Recently-housing individuals receive on-going case management, helping them to achieve stable tenancies and settle in the community. The priority population is those who are at highest risk for future housing instability, including individuals who are disabled, experiencing mental illness or have a history of substance abuse. Advocates make home visits, promote the development of good tenancy skills, connect tenants to community services such as health care and food pantries, coordinate mental health care services and substance abuse relapse prevention and offer extensive money management assistance, including the services of two HomeStart-employed representative payees.

Budget  817,564
Category  Housing, General/Other Housing Support
Population Served Poor,Economically Disadvantaged,Indigent People/Families with of People with Disabilities At-Risk Populations
Program Short-Term Success  Stabilization Advocates work with formerly homeless individuals, many of whom are moving into an apartment of their own for the first time. Immediate intensive services include everything from accompanying the client to help them buy bedding to working with medical providers to establish access to health care. These services help break the cycle of homelessness and give the individual the tools to create a successful tenancy.
Program Long-Term Success  Formerly homeless individuals break the cycle of homelessness. Stabilization and retention services ensure that more than 95% of clients continue to reside in their apartments after at least one year.
Program Success Monitored By  Program success is measured through on-going client housing stability. Stabilization services have consistently translated in a more than 90% housing retention rate.
Examples of Program Success  Juan had never lived on his own.  He endured two years of homelessness while he worked towards his recovery from substance abuse.  He heard about HomeStart from peers at his transitional program and began his search for a home for himself and his son, Jordin.

"You just don’t know what kind of obstacles there are to finding housing. I was desperate and struggling.  But when my HomeStart advocate helped me secure an apartment of my own, I was so happy. The best thing about my home is that I have a roof over my head – a place that I can call home. I’ve been through some changes. I never paid rent before because I never had my own place. Now I pay rent and bills. It’s been a new experience for me, learning how to budget my money.  At first it was scary, but today I’m a responsible person. With the help of HomeStart, I was able to get my license. Then I got a job. Then I got my home. I even bought a car. I’m very grateful and it feels good to see the gifts that I have today."

Housing Search Program

HomeStart believes that housing is the solution to ending homelessness. Our Housing Search Program is a team of housing experts solely focused on finding permanent housing. Advocates work with homeless people staying in shelters throughout Boston and Cambridge, including nearly every individual homeless shelter as well as other family, domestic violence and transitional shelter programs. Each advocate works one-on-one with a homeless individual to improve their budgeting, resolve credit issues and problems from previous tenancies, complete housing applications, negotiate with landlords, search for and view apartments, secure rental funds and subsidies and make moving arrangements.
Budget  1,172,243
Category  Housing, General/Other Housing Counseling
Population Served Homeless Poor,Economically Disadvantaged,Indigent At-Risk Populations
Program Short-Term Success  HomeStart advocates help more than 400 individuals and families get out of shelter and into their own apartments each year.
Program Long-Term Success  More than 4,000 homeless people have moved to housing since HomeStart began in 1994.
Program Success Monitored By  Success is measured by the program's ability to meet its ambitious goal for number of homeless individuals and families moved out of shelter and into housing each year. The Housing Search Program has shown over the years that it is able to continuously able to increase its capacity and expand its partnerships with shelter providers.
Examples of Program Success  After struggling with a drug addiction and the loss of his family, Andre sought treatment and entered a transitional housing program. It was there where he heard about HomeStart.

Andre says, "I have the utmost respect for my advocate. He is very patient and understanding. He helped me send out housing applications, made important phone calls and worked with me and the housing authorities. Because I’m not too familiar with Boston, I would have had a serious problem without HomeStart in my housing search. I wouldn’t know where to begin."

Andre also has a bilateral hearing impairment. "HomeStart not only deals with people, they also deal with people who have disabilities. If people with disabilities come to HomeStart, they get all the help they need." Sometimes, when you’re bilaterally hearing impaired, you meet people who don’t understand and and it makes you want to shut down. And then you meet someone like my advocate, who makes it easy to understand things and it opens your heart."

CEO/Executive Director/Board Comments

One of the challenges that HomeStart continues to face is our dependence on public funding. While we are grateful for this revenue, our federal and state contracts have not seen a cost of living increase in 18 years. Unfortunately, the costs of living in Boston are among the highest in the US. According to a study by the National Low-Income Housing Coalition, more than 60% of renters in the greater Boston area are unable to afford the cost of a fair market rent, which in Massachusetts is $1,187. Also, demand for affordable housing for our clients continues to outstrip supply. HomeStart plans to increase its efforts to advocate for increased funding, through advocacy campaigns, partnerships, visibility, and relationships with the Department of Housing and Community Development and other agencies. The launching of our Strategic Plan has been an opportunity to articulate our direction and actions toward meeting our objectives. We have also made major strides in public relations in recent years, by attracting high-profile spokespeople and gaining recognition in the press, such as in the Boston Globe Magazine, which in December 2012 recognized our HomeStart for Veterans program in its “Best of the New” issue. 

Management


CEO/Executive Director Mr. Matthew David Pritchard
CEO Term Start June 2015
CEO Email [email protected]
CEO Experience

Prior to joining HomeStart, Matt served as Vice President and Chief Operating Officer of Victory Programs, Inc., a Boston-based nonprofit organization with 18 programs dedicated to helping homeless individuals and families with varying disabilities and chronic health issues. Matt also worked with REDF, a San Francisco-based venture philanthropist that launches social-cause business ventures, a Cambridge, MA-based family foundation where he led consulting engagements with clients across the arenas of homeless services, education, and community organizing, and Youth Villages, an innovative child welfare organization that strengthens youth who are aging out of the foster care system and restores families who are otherwise likely to be disrupted by residential treatment.

Matt holds a B.A. in Philosophy and Business from Wheaton College (IL) and an MBA from Duke’s Fuqua School of Business. He lives with his family in Dorchester, MA, and is involved in foster care advocacy as well as supporting social entrepreneurs in Boston and various other community building activities including consulting to a Social Innovation Award recipient with Root Cause’s Social Innovation Forum.

Co-CEO --
Co-CEO Term Start --
Co-CEO Email --
Co-CEO Experience --

Former CEOs and Terms

Name Start End
Rev. Linda Wood-Boyle Feb 2000 May 2015
Ms. Joyce Tavon 1994 July 2000

Senior Staff

Name Title Experience/Biography
Ms. Lori Cain Chief Operating Officer Lori Cain has been HomeStart’s Chief Operating Officer since January 2012. She began her career at HomeStart as a Stabilization Advocate and served as Stabilization Program Director for eleven years.
Ms. Kelly Mulligan Prevention Director Kelly Mulligan joined HomeStart as the Homelessness Prevention Program Director in July of 2010. She has worked to provide housing advocacy to low-income households in Boston for nearly ten years, previously managing rental assistance programs for people living with HIV/AIDS at the AIDS Action Committee of Massachusetts.

Awards

Award Awarding Organization Year
Best Practice National Alliance to End Homelessness --

Affiliations

Affiliation Year
-- --
Member of state association of nonprofits? No
Name of state association --

External Assessments and Accreditations

External Assessment or Accreditation Year
-- --

Collaborations

We partner with over 80 agencies and shelters, including Action for Boston Community Development, Asian Task Force Against Domestic Violence, Bay Cove Human Services – Kit Clark Senior Services & The Tenancy Preservation Project, Betty’s Place (Boston YWCA), Boston Housing Authority, Bridge Over Troubled Waters, Cambridge Multi-Service Center for the Homeless, Cambridge Housing Authority, Casa Myrna Vazquez, CASPAR, City of Boston’s Department of Neighborhood Development and Emergency Shelter Commission, City of Boston's Public Health Commission, Commonwealth of Massachusetts Departments of Transitional Assistance and Housing and Community Development, Greater Boston Legal Services, Elizabeth Stone House, Heading Home, HEARTH, Massachusetts Behavioral Health Partnership, Metropolitan Boston Housing Partnership, Massachusetts Coalition for the Homeless,Massachusetts Housing and Shelter Alliance, MassHousing, New England Center for Homeless Veterans, On the Rise, Project Hope, Pine Street Inn, Project Place, Rosie’s Place, Salvation Army (Boston, Cambridge), Somerville Homeless Coalition, United Way of Massachusetts Bay & Merrimack Valley, US Department of Housing and Urban Development, US Department of Veterans Affairs, Victory Programs, and Women’s Lunch Place.

CEO/Executive Director/Board Comments

Although we have grown to become a medium-sized agency of over sixty employees, the trade-off in ensuring we have the human resources to carry out our programming has been insufficient attention to our infrastructure. Currently 92% of our budget covers programming while only 8% has gone to administrative costs. Part of our strategic plan is to determine the necessary level of funding required to ensure that the staff has the required tools and equipment to be effective, particularly in the area of information technology. We also aim to hire more staff in operations, development, and information technology and increase staff compensation as funding become more available.
 
We have benefited over the past year from an internal reorganization that included adding a Chief Operating Officer position. This has enabled me to spend more time in the community and strengthen HomeStart’s external relationships. This has also resulted in a total overhaul of personnel policies and a maximization of contract opportunities.
 

Foundation Comments

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Staff Information

Number of Full Time Staff 57
Number of Part Time Staff 6
Number of Volunteers 38
Number of Contract Staff 1
Staff Retention Rate % 80%

Staff Demographics

Ethnicity African American/Black: 15
Asian American/Pacific Islander: 1
Caucasian: 27
Hispanic/Latino: 4
Native American/American Indian: 0
Other: 20
Other (if specified): --
Gender Female: 46
Male: 18
Not Specified 0

Plans & Policies

Organization has Fundraising Plan? Under Development
Organization has Strategic Plan? Yes
Years Strategic Plan Considers 4
Management Succession Plan No
Business Continuity of Operations Plan No
Organization Policies And Procedures Yes
Nondiscrimination Policy Yes
Whistle Blower Policy Yes
Document Destruction Policy No
Directors and Officers Insurance Policy Yes
State Charitable Solicitations Permit Yes
State Registration No

Risk Management Provisions

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Reporting and Evaluations

Management Reports to Board? Yes
CEO Formal Evaluation and Frequency Yes Annually
Senior Management Formal Evaluation and Frequency Yes Annually
Non Management Formal Evaluation and Frequency Yes Annually

Governance


Board Chair Mr. Christopher Powell
Board Chair Company Affiliation Vice President & Senior Counsel, State Street
Board Chair Term Oct 2014 - Oct 2018
Board Co-Chair --
Board Co-Chair Company Affiliation --
Board Co-Chair Term -

Board Members

Name Company Affiliations Status
Ms. Marianne Ajemian Partner, Nutter McClennen & Fish LLP Voting
Ms. Leslie Bos Jamaica Plain NDC Voting
Mr. William Boynton Community Volunteer Voting
Mr. John Hussey Vice Present - External Advisor Consultant at PIMCO Voting
Ms. Nancy Ludwig President and Senior Principal, Icon Architecture Voting
Ms. Mary Mahoney Tufts Health Plan Voting
Mr. Christopher J. Powell Associate, Ropes & Gray LLP Voting
Mr. Matthew Pritchard President Voting
Mr. Christopher Sherman Senior Vice President, UBS Financial Services Inc. --
Mr. William Sobo Community Volunteer Voting
Ms. Kate Trevor Income Research + Management Voting
Ms. Valerie Yarashus Meehan, Boyle, Black & Bogdanow, PC, Voting

Constituent Board Members

Name Company Affiliations Status
-- -- --

Youth Board Members

Name Company Affiliations Status
-- -- --

Advisory Board Members

Name Company Affiliations Status
Mr. Ohene Asare AESARA NonVoting
Mr. Bryce Blair Harbor View Associates NonVoting
Ms. Doris Bunte Retired NonVoting
Mr. Jeff Conway -- --
Mr. Joseph J. Corcoran Corcoran Jennison Associates NonVoting
Mr. Richard Holbrook Retired NonVoting
Mr. Dennis Kelly Boingnet NonVoting
Mr. Devon Kinkead Micronotes NonVoting
Mr. Frank McGrail Deutsche Bank NonVoting
Mr. Martin O'Neill Cabot Corporation NonVoting
Mr. Martin Parquette Morgan Stanley NonVoting
Mr. Peter Rosenberg Ropes & Gray NonVoting
Mr. John Rosenthal Meredith Management NonVoting
Mr. Rick Scherer Guaranteed Rate NonVoting

Board Demographics

Ethnicity African American/Black: 1
Asian American/Pacific Islander: 0
Caucasian: 11
Hispanic/Latino: 0
Native American/American Indian: 0
Other: 0
Other (if specified): --
Gender Female: 6
Male: 6
Not Specified 0

Board Information

Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 80%
Written Board Selection Criteria Yes
Written Conflict Of Interest Policy Under Development
Percentage of Monetary Contributions 100%
Percentage of In-Kind Contributions 40%
Constituency Includes Client Representation Yes

Standing Committees

  • Board Governance
  • Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
  • Finance
  • Strategic Planning / Strategic Direction

CEO/Executive Director/Board Comments

Our major challenge around Governance has been recruiting and retaining board members of color. We are addressing this by working with The Partnership, Inc. to identify potential members.
 
We are currently reviewing and updating our by-laws, which haven’t been revised since 2007. This activity will give the board an opportunity to discuss and reflect on member responsibilities as well as provide a structure to facilitate accomplishing our goals and making important decisions.
 

Foundation Comments

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Financials


Revenue vs. Expense ($000s)

Expense Breakdown 2015 (%)

Expense Breakdown 2014 (%)

Expense Breakdown 2013 (%)

Prior Three Years Total Revenue and Expense Totals

Fiscal Year 2015 2014 2013
Total Revenue $8,761,133 $8,772,806 $8,170,400
Total Expenses $9,089,658 $8,470,271 $7,872,823

Prior Three Years Revenue Sources

Fiscal Year 2015 2014 2013
Foundation and
Corporation Contributions
$508,021 $540,797 $605,523
Government Contributions $0 $0 $0
    Federal -- -- --
    State -- -- --
    Local -- -- --
    Unspecified -- -- --
Individual Contributions $1,193,560 $1,451,624 $924,293
Indirect Public Support -- -- --
Earned Revenue $6,879,759 $6,640,496 $6,353,952
Investment Income, Net of Losses -- -- --
Membership Dues -- -- --
Special Events -- -- --
Revenue In-Kind $97,331 $59,371 $199,938
Other $82,462 $80,518 $86,694

Prior Three Years Expense Allocations

Fiscal Year 2015 2014 2013
Program Expense $8,088,057 $7,648,175 $7,303,192
Administration Expense $566,955 $407,549 $206,308
Fundraising Expense $434,646 $414,547 $363,323
Payments to Affiliates -- -- --
Total Revenue/Total Expenses 0.96 1.04 1.04
Program Expense/Total Expenses 89% 90% 93%
Fundraising Expense/Contributed Revenue 26% 21% 24%

Prior Three Years Assets and Liabilities

Fiscal Year 2015 2014 2013
Total Assets $2,226,160 $1,989,202 $1,565,007
Current Assets $2,072,683 $1,750,801 $1,507,936
Long-Term Liabilities $0 $0 --
Current Liabilities $1,240,114 $674,631 $552,971
Total Net Assets $986,046 $1,314,571 $1,012,036

Prior Three Years Top Three Funding Sources

Fiscal Year 2015 2014 2013
1st (Source and Amount) -- --
-- --
-- --
2nd (Source and Amount) -- --
-- --
-- --
3rd (Source and Amount) -- --
-- --
-- --

Financial Planning

Endowment Value --
Spending Policy N/A
Percentage(If selected) --
Credit Line Yes
Reserve Fund No
How many months does reserve cover? --

Capital Campaign

Are you currently in a Capital Campaign? Anticipated In 3 Years
Capital Campaign Purpose --
Campaign Goal --
Capital Campaign Dates -
Capital Campaign Raised-to-Date Amount --
Capital Campaign Anticipated in Next 5 Years? Yes

Short Term Solvency

Fiscal Year 2015 2014 2013
Current Ratio: Current Assets/Current Liabilities 1.67 2.60 2.73

Long Term Solvency

Fiscal Year 2015 2014 2013
Long-term Liabilities/Total Assets 0% 0% 0%

CEO/Executive Director/Board Comments

Like most non-profits, the recent economic recession had an impact on HomeStart’s operations, resulting in layoffs during 2010 as well as salary reductions. Fortunately, we ended the past two fiscal years with a small surplus, enabling us to restore salaries and increase our emphasis on fundraising activities.
 

Foundation Comments

Financial summary data in the charts and graphs above are per the organizations audited financials.

Documents


Other Documents

No Other Documents currently available.

Impact

The Impact tab is a section on the Giving Common added in October 2013; as such the majority of nonprofits have not yet had the chance to complete this voluntary section. The purpose of the Impact section is to ask five deceptively simple questions that require reflection and promote communication about what really matters – results. The goal is to encourage strategic thinking about how a nonprofit will achieve its goals. The following Impact questions are being completed by nonprofits slowly, thoughtfully and at the right time for their respective organizations to ensure the most accurate information possible.


1. What is your organization aiming to accomplish?

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2. What are your strategies for making this happen?

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3. What are your organization’s capabilities for doing this?

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4. How will your organization know if you are making progress?

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5. What have and haven’t you accomplished so far?

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