Overview
What is Homeless Solutions Inc?
Homeless Solutions Inc, established in 1983, is a distinctive nonprofit organization in New Jersey. They are committed to providing shelter, services, and supportive housing to the homeless and low-income population, including families, single women, single men, individuals with mental illness, and pregnant and parenting youth between 16 and 24 years old. The organization operates a 200-year-old affordable housing facility for low-income, senior women and a winter shelter program for street homeless. Apart from shelter programs, they also offer community-based outreach services and build affordable housing for low-income families across Morris County, New Jersey. Their mission, "to offer shelter, services, and supportive housing to homeless and low-income people," is substantiated through their operation of six homeless shelter programs and maintaining 126 units of affordable housing.
Official website here: www.homelesssolutions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Homeless Solutions Inc receives a strong 90% rating from Charity Navigator, reflecting its robust performance in accountability and financial management. With an impressive Accountability & Finance Score of 97 and a Leadership & Adaptability Score of 100, the organization demonstrates a commitment to maintaining high standards of governance and effective resource management.
The nonprofit's Program Expense Ratio of 77.84% indicates that a significant portion of its funds is directed towards programs that support its mission of providing quality, affordable, supportive housing. Additionally, the organization excels in feedback collection and usage, scoring a perfect 100 in both areas, which showcases its dedication to community needs and responsive programming.
While the organization has a strong financial position with a Working Capital Ratio of 2.56 years and 100% independent board members, there is always room for growth in areas such as Impact & Measurement, where it scored 80. Overall, Homeless Solutions Inc stands out as a well-managed organization working diligently to end homelessness and support low-income individuals.
This AI summary has been generated from information found on Charity Navigator.
Is Homeless Solutions Inc legitimate?
Homeless Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeless Solutions 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: $534,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,419,278
For more financial information, click here
Official website here: www.homelesssolutions.org
What is the mission statement of Homeless Solutions Inc?
Homeless Solutions Inc's mission is to offer shelter, services, and supportive housing to individuals experiencing homelessness and those with low income. This mission is realized through the operation of six homeless shelters and the maintenance of 126 units of affordable housing. The organization serves various populations, including families, single women, single men, individuals with mental illness, and pregnant and parenting youth. Their motto is "a hand up, not a handout." The shelters provide essential services such as case management, independent living skills training, counseling, and links to medical care and transportation. In 2022, Homeless Solutions Inc served 16 families, 22 single women, and 57 single men, with a significant portion of the guests being domestic violence survivors and individuals with disabilities.
Official website here: www.homelesssolutions.org
Who is the CEO of Homeless Solutions Inc?
Daniel Mcguire is the Vice-Chairperson of Homeless Solutions Inc. The CEO's salary of Homeless Solutions Inc is $172,116 and their total compensation is $190,495.
Official website here: www.homelesssolutions.org
What is the revenue of Homeless Solutions Inc?
Homeless Solutions Inc's revenue in 2022 was $5,577,132.
Official website here: www.homelesssolutions.org
Who are the executives of Homeless Solutions Inc and what are their salaries?
The average compensation at Homeless Solutions Inc during 2022 was $30,451. There are 97 employees and 295 volunteers at Homeless Solutions Inc.
Here are 23 key members and their salaries (Homeless Solutions Inc's CEO's salary is $172,116 and their total compensation is $190,495):
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- Compensation: $172,116
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Official website here: www.homelesssolutions.org
Where can I find the form 990 for Homeless Solutions Inc?
Homeless Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homelesssolutions.org
Learn more at the official website: www.homelesssolutions.org
Mission Statement of Homeless Solutions Inc
Homeless Solutions Inc, established in 1983, is a unique non-profit organization in New Jersey that provides shelter and support services to five distinct populations: families, single women, single men, individuals with mental illness, and pregnant and parenting youth between the ages of 16 and 24. Its mission, in its essence, is to offer a "hand up, not a handout" to homeless and low-income individuals. This mission is realized through the operation of six homeless shelter programs and the maintenance of 126 units of affordable housing in Morris County, New Jersey.
Homeless Solutions Inc's shelters cater to various needs. The family and single women's program can accommodate up to 11 families and 10 single women. Over half of those entering the shelter are survivors of domestic violence. Guests receive case management, independent living skills training, parenting education, counseling, links to medical care, childcare, and transportation. The single men's program can accommodate up to 25 men and offers case management services, money management training, and assistance with benefits enrollment and placement in permanent housing.
The Safe Haven program, launched in 1995, is a distinctive offering of Homeless Solutions Inc. Co-managed with the Mental Health Association of Essex & Morris, this program provides shelter for up to 10 individuals with mental illness. In 2022, the program served 23 people, including 7 women and 15 men, with 8 of them finding permanent housing upon leaving the program. Homeless Solutions Inc also operates a winter shelter program for street homeless individuals and provides community-based outreach services. Furthermore, the organization builds affordable housing for low-income families across Morris County, New Jersey.
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Impact
October, 2024
Homeless Solutions Inc. significantly impacts the community by providing a comprehensive range of services and support systems for various homeless populations in Morris County, NJ. Founded in 1983, this organization operates six distinct shelter programs catering to families, single women, single men, individuals with mental illness, and pregnant and parenting youth aged 16 to 24, making it unique in New Jersey.
The family shelter program accommodates up to 11 families, with a notable portion of guests being domestic violence survivors. Participants in this program receive case management, independent living skills training, counseling, and access to medical care and childcare. In 2022, they directly assisted 16 families, including 33 children and 21 parents.
For single men, the emergency shelter can house up to 25 individuals, providing essential services like case management and money management training. In 2021, the program served 57 men, with a significant percentage experiencing chronic homelessness and disabilities.
The Safe Haven program, tailored for individuals with mental illness, demonstrates a commitment to a vulnerable population, serving 23 individuals in 2022, with 50% successfully transitioning to permanent housing.
Homeless Solutions Inc. also plays a crucial role in affordable housing by maintaining a 200-year-old facility for low-income women aged 62 and older, alongside efforts to build more affordable housing for families in need. Additionally, the organization engages in community-based outreach, further cementing its role as a pivotal support system for the homeless and low-income individuals in the region.
By facilitating access to crucial resources and providing a hand-up rather than a handout, Homeless Solutions Inc. actively contributes to transforming lives and fostering stability in the community.
This information is meant to be a general summary of Homeless Solutions 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 2022.
- Investment Income: $122,510
- Program Service Revenue: $1,207,417
- Gross Receipts: $10,930,448
Assets and Liabilities:
- Total Assets: $23,137,141
- Total Liabilities: $8,717,689
- Net Assets: $14,419,452
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,189,261
MANAGEMENT AND OTHER FACILITY FEE
Revenue
$18,156
Organization Details
Founding Year
1983
Phone
(973) 993-0900Principal Officer
Daniel Mcguire
Main Address
3 WING DRIVE 245, CEDAR KNOLLS, NJ, 07927
Website
www.homelesssolutions.orgNTEE Category
Code: L41 - Housing
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