Overview
What is Homestart Inc?
Homestart Inc is a Boston-based nonprofit organization with a mission to put an end to homelessness in Greater Boston. They provide essential housing stabilization services to help individuals secure permanent housing and integrate into their communities. Their offerings include landlord mediation, money management assistance, and supportive housing solutions. Homestart Inc aims to serve approximately 375 clients and has a team of 95 dedicated employees. Their goal is not only to help individuals find housing but also to support them in settling into their new homes and addressing systemic barriers to long-term housing placement.
Official website here: www.homestart.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating
Homestart Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has a perfect score in several key areas, demonstrating adherence to high standards of transparency and governance. This rating indicates that Homestart Inc is effectively managing its resources, which is essential for donor confidence.
The organization boasts a robust governance structure with 90% of its board members being independent, which contributes to its credibility and operational integrity. Additionally, the financial health of Homestart Inc is evidenced by its low liabilities to assets ratio and a high program expense ratio, showing that a significant portion of its funding directly supports its programs and services.
While the ratings are overwhelmingly positive, the data provided does not highlight any specific limitations or challenges that the organization may face. Overall, Homestart Inc stands out as a well-managed nonprofit dedicated to its mission, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Homestart Inc legitimate?
Homestart Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestart Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $270,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,712,267
For more financial information, click here
Official website here: www.homestart.org
What is the mission statement of Homestart Inc?
Homestart Inc is dedicated to bringing an end to homelessness by helping individuals secure permanent housing and become integrated members of their communities. Their mission extends beyond simply placing people in homes; they also work on addressing the systemic barriers that hinder housing placement. Homestart Inc offers various services to support their clients in maintaining successful housing and adjusting to community life. These services encompass landlord mediation, financial assistance, and housing assistance. Over 375 individuals have benefited from their housing stabilization and resource programs.
Official website here: www.homestart.org
Who is the CEO of Homestart Inc?
Matthew Pritchard is the President/Executive Director of Homestart Inc.
Official website here: www.homestart.org
What is the revenue of Homestart Inc?
Homestart Inc's revenue in 2021 was $14,864,192.
Official website here: www.homestart.org
Who are the executives of Homestart Inc and what are their salaries?
The average compensation at Homestart Inc during 2021 was $41,926. There are 95 employees and 20 volunteers at Homestart Inc.
Here are 13 key members and their salaries:
- Compensation: $139,865
- Related: $0
- Other: $24,781
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $117,569
- Related: $0
- Other: $8,440
- Compensation: $101,340
- Related: $0
- Other: $8,441
- Compensation: $101,472
- Related: $0
- Other: $21,698
Official website here: www.homestart.org
Where can I find the form 990 for Homestart Inc?
Homestart Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.homestart.org
Learn more at the official website: www.homestart.org
Mission Statement of Homestart Inc
Homestart Inc, a dedicated organization, is on a mission to put an end to homelessness in greater Boston. With a focus on providing assistance to individuals, Homestart Inc works tirelessly to help them secure permanent housing and integrate into their new communities. Going beyond just housing placement, this nonprofit also develops strategies to tackle the systemic barriers that can hinder individuals from obtaining and maintaining sustainable housing.
Through its housing stabilization and resource services, Homestart Inc aids its clients in their transition into permanent homes. These services encompass essential aspects such as landlord mediation, money management, and supportive housing assistance. By addressing these areas, Homestart Inc plays a crucial role in ensuring the success of its participants' housing arrangements. The organization serves approximately 375 clients, making a significant impact on the lives of those it reaches.
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Impact
October, 2024
Homestart Inc plays a crucial role in tackling homelessness in Greater Boston by providing vital support services aimed at securing permanent housing for individuals. By offering housing stabilization and resource services, they help participants navigate the challenges associated with obtaining and maintaining housing. Their comprehensive approach includes landlord mediation, money management, and supportive housing assistance, ensuring that clients are well-equipped to integrate into the community effectively.
With an impressive reach, Homestart Inc serves around 375 clients, directly impacting their lives and contributing to the betterment of the community. Additionally, the organization is dedicated to developing strategies that address systemic barriers to housing placement, promoting long-term solutions to homelessness. Through these efforts, Homestart Inc not only assists individuals in finding stable housing but also fosters a stronger, more resilient community in Boston.
This information is meant to be a general summary of Homestart Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $21
- Program Service Revenue: $449,435
- Gross Receipts: $14,969,692
Assets and Liabilities:
- Total Assets: $5,713,584
- Total Liabilities: $808,753
- Net Assets: $4,904,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Participant Fees
Revenue
$435,750
Organization Details
Founding Year
1996
Phone
(617) 542-0338Principal Officer
Matthew Pritchard
Main Address
105 Chauncy Street, Boston, MA, 02111
Website
www.homestart.orgNTEE Category
Code: S31 - Community improvement
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