Overview
What is Homestretch Inc?
Homestretch Inc is a nonprofit organization situated in Roswell, Georgia, dedicated to supporting and guiding homeless families towards financial stability, employment, housing, and family life. Their mission is to assist families in securing permanent, sustainable housing while improving their employment prospects, reducing debt, and acquiring essential skills to prevent future homelessness. Homestretch provides a safe living environment for parents and their children, helping them address the underlying causes of their situation and return to self-reliance and stability. Through various programs such as job coaching, lifeskills workshops, and volunteer mentorship, families receive the necessary tools to succeed. Their holistic approach ensures individualized support, enabling families to transition from their two-year program with improved wages, credit scores, decreased debt, and savings for future living expenses.
Official website here: www.homestretch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
Homestretch Inc has achieved an impressive score of 100%, reflecting strong performance in both accountability and finance, as well as culture and community aspects. The organization's independent board is fully comprised of independent members, indicating robust governance. Additionally, it has demonstrated excellent financial oversight, with no material diversion of assets and an effective audit and oversight committee.
The nonprofit's program expense ratio stands at 75.95%, showcasing a strong commitment to using its funds for programmatic purposes rather than administrative costs. The organization has also excelled in collecting and utilizing feedback, scoring perfectly in these categories, which highlights its dedication to continuous improvement and community engagement. Furthermore, it has comprehensive equity strategies and policies in place, demonstrating a commitment to inclusivity and fairness.
Overall, the data indicates that Homestretch Inc operates with high standards of transparency and effectiveness. While no significant limitations are noted in the evaluation, potential donors and stakeholders can be reassured of the organization's commitment to its mission and responsible management of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Homestretch Inc legitimate?
Homestretch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestretch 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: $77,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $240,206
For more financial information, click here
Official website here: www.homestretch.org
What is the mission statement of Homestretch Inc?
Homestretch Inc, as an organization, aims to assist working families experiencing homelessness in achieving financial stability, employment, secure housing, and improved family life. Their goal is to enable each graduating family to transition into permanent and sustainable housing with enhanced employment opportunities, reduced debt, and essential skills to prevent future homelessness. Homestretch provides a safe living environment for homeless parents and their children, helping them address the underlying causes of their situation and return to self-reliance and stability. Through dedicated staff, volunteer mentor teams, job coaching, and lifeskills workshops, Homestretch equips families with the necessary tools to succeed.
Official website here: www.homestretch.org
Who is the CEO of Homestretch Inc?
Robert W Hagan is the President of Homestretch Inc.
Official website here: www.homestretch.org
What is the revenue of Homestretch Inc?
Homestretch Inc's revenue in 2022 was $838,369.
Official website here: www.homestretch.org
Who are the executives of Homestretch Inc and what are their salaries?
The average compensation at Homestretch Inc during 2022 was $28,856. There are 11 employees and 300 volunteers at Homestretch Inc.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $77,206
- Related: $0
- Other: $14,763
Official website here: www.homestretch.org
Where can I find the form 990 for Homestretch Inc?
Homestretch Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.homestretch.org
Learn more at the official website: www.homestretch.org
Mission Statement of Homestretch Inc
Homestretch Inc, a nonprofit organization, is committed to supporting and guiding working, homeless families towards financial stability, employment, secure housing, and improved family life. Their goal is to ensure that each graduating family transitions into permanent, sustainable housing, with improved employment, reduced debt, and the necessary skills and knowledge to prevent future homelessness. Homestretch provides a safe living environment for homeless parents and their children, helping them address the underlying causes of their situation and return to self-reliance and stability. Through the efforts of dedicated staff, volunteer mentor teams, job coaching, and lifeskills workshops, Homestretch equips families with essential tools to succeed.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Homestretch Inc has a significant impact on the community by supporting and guiding working, homeless families toward stability in finances, employment, housing, and family life. The organization's goal is to ensure that each graduating family moves into permanent, sustainable housing with improved employment, reduced debt, and the skills and knowledge to prevent future homelessness. Through a case management model that includes coaching, goal setting, and continuous support, Homestretch equips families with the tools they need to succeed and achieve self-reliance.
The organization's focus on family stability, well-being, financial management, education/training, and career and employment helps families develop marketable skills to earn a living wage. By encouraging families to pay down debt, increase their credit scores, and save for living expenses, Homestretch ensures that they are on a path towards long-term stability.
Some notable accomplishments include the successful graduation of families from the supportive housing program, with some qualifying for homeownership. All graduate families have increased their wages, credit scores, and paid down debt during the program, while also saving more than two months of living expenses. The children in the program engage in various educational and recreational activities to foster growth and development.
Homestretch's holistic approach meets each family member where they are, addressing their individual needs to create a lasting impact on their lives.
This information is meant to be a general summary of Homestretch 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: $664
- Program Service Revenue: $325,999
- Gross Receipts: $866,826
Assets and Liabilities:
- Total Assets: $3,204,962
- Total Liabilities: $279,196
- Net Assets: $2,925,766
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AFFORDABLE HOUSING
Revenue
$177,477
SUPPORTIVE HOUSING
Revenue
$148,522
Organization Details
Founding Year
1991
Phone
(770) 642-9185Principal Officer
Robert W Hagan
Main Address
89 GROVE WAY, ROSWELL, GA, 30075
Website
www.homestretch.orgNTEE Category
Code: L20 - Housing
If you are a representative of Homestretch Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.