Overview
What is Homeward Bound Of Western North Carolina Inc?
Homeward Bound of Western North Carolina Inc is a nonprofit organization based in Asheville, North Carolina. Their mission is to prevent and end homelessness in their community through permanent housing and support. They believe in the inherent worth of every individual and consider housing as a fundamental human right. Homeward Bound has been successful in housing over 2,450 people since 2006, 92% of whom have not returned to homelessness. Their services begin at the AHOPE Day Center, offering basic services and assessments to people at imminent risk or currently experiencing homelessness. Their case managers help individuals maintain their housing through prevention programs or provide housing solutions to end their homelessness. The organization values the dignity of every human being and is committed to addressing the solvable problem of homelessness.
Official website here: www.homewardboundwnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Homeward Bound Of Western North Carolina Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity's score reflects a strong commitment to transparency and effective management, with an impressive 100% independent board composition and a comprehensive set of governance policies in place.
The organization demonstrates robust financial practices, with a program expense ratio of 88.36%, ensuring that a significant portion of its funds directly support its mission. Furthermore, the fundraising efficiency ratio is notably low at $0.02, signifying cost-effective fundraising efforts, which enhances the charity's overall impact.
However, while the financial metrics are strong, the summary does not provide insights into programmatic outcomes or community impact, which are essential for understanding the true effectiveness of the organization's services. Nonetheless, the data available highlights Homeward Bound's solid financial foundation and governance, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Homeward Bound Of Western North Carolina Inc legitimate?
Homeward Bound Of Western North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeward Bound Of Western North Carolina 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: $119,062
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,012,690
For more financial information, click here
Official website here: www.homewardboundwnc.org
What is the mission statement of Homeward Bound Of Western North Carolina Inc?
Homeward Bound of Western North Carolina Inc is committed to preventing and ending homelessness in their community through permanent housing and support. They believe in the inherent worth and value of every human being, and consider housing as a fundamental human right. Homelessness, according to their belief, is a solvable problem. Since its inception in 2006, Homeward Bound has successfully housed over 2,450 individuals, with 92% managing to avoid returning to homelessness.
Official website here: www.homewardboundwnc.org
Who is the CEO of Homeward Bound Of Western North Carolina Inc?
Barbara Wright is the President of Homeward Bound Of Western North Carolina Inc.
Official website here: www.homewardboundwnc.org
What is the revenue of Homeward Bound Of Western North Carolina Inc?
Homeward Bound Of Western North Carolina Inc's revenue in 2022 was $19,270,847.
Official website here: www.homewardboundwnc.org
Who are the executives of Homeward Bound Of Western North Carolina Inc and what are their salaries?
The average compensation at Homeward Bound Of Western North Carolina Inc during 2022 was $23,725. There are 132 employees and 27 volunteers at Homeward Bound Of Western North Carolina Inc.
Here are 25 key members and their salaries:
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Official website here: www.homewardboundwnc.org
Where can I find the form 990 for Homeward Bound Of Western North Carolina Inc?
Homeward Bound Of Western North Carolina Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homewardboundwnc.org
Learn more at the official website: www.homewardboundwnc.org
Mission Statement of Homeward Bound Of Western North Carolina Inc
Homeward Bound of Western North Carolina Inc is a mission-driven organization that strives to put an end to homelessness in the community by providing permanent housing and support. They are deeply committed to the belief that every human being holds inherent value and worth, and that housing is a fundamental right. With a strong conviction that homelessness is a solvable problem, Homeward Bound has made significant strides since 2006, housing over 2,450 individuals and helping 92% of them avoid a return to homelessness. Through their housing and case management services, this compassionate organization offers a lifeline to those in need, providing them with the stability and resources necessary to rebuild their lives. Homeward Bound of Western North Carolina Inc's unwavering dedication to its mission reflects its deep-rooted belief in the dignity and worth of each individual, and its unwavering commitment to creating a community where everyone has a place to call home.
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Impact
October, 2024
Homeward Bound of Western North Carolina Inc. significantly impacts the local community by working collaboratively to end the cycle of homelessness through comprehensive housing and case management support. Located in downtown Asheville, their AHOPE Day Center serves as a vital resource for individuals at imminent risk of homelessness or those already experiencing it.
At AHOPE, individuals can access essential services such as food, first aid, showers, and storage, which provide immediate relief and dignity. Case managers conduct assessments to identify immediate needs and guide individuals toward appropriate support programs—either offering assistance to maintain their current housing or facilitating a transition to permanent housing.
With a mission rooted in the belief that every person deserves worth and that housing is a fundamental human right, Homeward Bound has successfully housed over 2,450 individuals since 2006, with an impressive 92% of them not returning to homelessness. This demonstrates not only the effectiveness of their programs but also their commitment to addressing the root causes of homelessness as a solvable issue. Through this work, they are fostering stability and hope for individuals and families in need, ultimately benefiting the broader community by reducing homelessness and its associated challenges.
This information is meant to be a general summary of Homeward Bound Of Western North Carolina 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: -$13,122
- Program Service Revenue: $12,383
- Gross Receipts: $21,003,428
Assets and Liabilities:
- Total Assets: $17,927,827
- Total Liabilities: $1,804,390
- Net Assets: $16,123,437
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$12,383
Organization Details
Founding Year
1987
Phone
(828) 258-1695Principal Officer
Barbara Wright
Main Address
PO BOX 1166, ASHEVILLE, NC, 28802
Website
www.homewardboundwnc.orgNTEE Category
Code: L41Z - Housing
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