Overview
What is Homeward Bound?
Homeward Bound is a nonprofit organization situated in Phoenix, Arizona, with an address at 2302 W Colter Street. Their primary focus is providing transitional housing and support services to 303 low-income families. They offer case management and ensure each family's unique needs are met on their journey towards stable housing. Additionally, they operate a state-licensed early learning center, the Strong Foundations Early Learning Center, providing care services for children from infancy to five years of age, not only for the transitional housing program but also for families in the surrounding community. With a dedicated workforce of 69 individuals, Homeward Bound strives to help families overcome their challenges and build a better future.
Official website here: www.homewardboundaz.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
Homeward Bound has achieved an impressive 99% rating on Charity Navigator, highlighting its robust accountability and financial management. The organization excels in impact measurement and leadership adaptability, both scoring 100%. Their program expense ratio of 79.17% suggests a strong commitment to utilizing funds for direct impact, while their fundraising efficiency showcases effective resource management.
User feedback from individuals, including board members, reflects positively on the organization's comprehensive approach to addressing homelessness and domestic violence. The program is praised for its individualized support, focusing on various aspects of family well-being, including education and mental health. The commitment to empowering families demonstrates a sustainable model that has successfully transitioned 95% of participants to self-sufficiency after an average two-year stay.
While Homeward Bound's culture and community score of 85 indicates room for improvement, the overall feedback emphasizes their effective collaborative efforts and the transformative impact they have on the families they serve. The organization not only provides shelter but also equips families with essential life skills, setting them on a path toward stability and independence.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Homeward Bound legitimate?
Homeward Bound is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homeward Bound 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: $143,256
Professional Fundraising Fees: $25,200
Other Salaries and Wages: $2,512,339
For more financial information, click here
Official website here: www.homewardboundaz.org
What is the mission statement of Homeward Bound?
Homeward Bound's mission is centered around meeting the unique needs of each family as they navigate their journey towards finding a permanent home. They provide transitional housing and support services to 303 residential clients, ensuring that every family receives the assistance they require. Additionally, Homeward Bound operates a state-licensed early learning center, offering care services for children from infancy to five years old in their transitional housing program and the surrounding community. This center aims to support the educational needs of these young ones, contributing to their overall development.
Official website here: www.homewardboundaz.org
Who is the CEO of Homeward Bound?
Whitney Silence is the CEO of Homeward Bound The CEO's salary of Homeward Bound is $124,558 and their total compensation is $124,814.
Official website here: www.homewardboundaz.org
What is the revenue of Homeward Bound?
Homeward Bound's revenue in 2023 was $4,580,933.
Official website here: www.homewardboundaz.org
Who are the executives of Homeward Bound and what are their salaries?
The average compensation at Homeward Bound during 2023 was $39,053. There are 68 employees and 616 volunteers at Homeward Bound.
Here are 20 key members and their salaries (Homeward Bound's CEO's salary is $124,558 and their total compensation is $124,814):
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Official website here: www.homewardboundaz.org
Where can I find the form 990 for Homeward Bound?
Homeward Bound's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.homewardboundaz.org
Learn more at the official website: www.homewardboundaz.org
Mission Statement of Homeward Bound
Homeward Bound, a nonprofit organization, is committed to addressing the unique needs of each family on their journey towards stable housing. Their mission is to provide transitional housing and support services, aiming to help low-income families find their footing. Beyond housing, Homeward Bound also offers case management services to its 303 residential clients, ensuring they receive the necessary assistance to overcome their challenges.
In addition to housing and case management, Homeward Bound also operates the Strong Foundations Early Learning Center, a state-licensed center providing care services for children from infancy to five years old. This center caters not only to the children of the transitional housing program but also to families in the surrounding community. By offering these comprehensive services, Homeward Bound seeks to support families in their journey towards self-sufficiency, making a significant difference in their lives.
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Impact
July, 2024
Homeward Bound's impact is significant in helping low-income families on their journey towards stable housing and self-sufficiency. With its focus on providing transitional housing, case management, and support services to over 300 residential clients, Homeward Bound plays a crucial role in empowering families to break the cycle of homelessness. Additionally, through its Strong Foundations Early Learning Center, Homeward Bound also offers essential care services for children of the transitional housing program and families in the surrounding community, ensuring a supportive environment for children aged infant to 5 years old. By addressing the diverse needs of families and providing them with the necessary resources to thrive, Homeward Bound contributes to building stronger, more resilient communities in Phoenix, Arizona.
This information is meant to be a general summary of Homeward Bound. 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 2023.
- Investment Income: $79,353
- Program Service Revenue: $251,477
- Gross Receipts: $4,969,547
Assets and Liabilities:
- Total Assets: $4,844,837
- Total Liabilities: $1,516,525
- Net Assets: $3,328,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
YOUTH SERVICES EARLY H
Revenue
$194,464
YOUTH SERVICES PROGRAM
Revenue
$56,147
HOUSING LIVING AND PRO
Revenue
$866
Organization Details
Founding Year
1990
Principal Officer
Whitney Silence
Website
www.homewardboundaz.orgNTEE Category
Code: L800 - Housing
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