Homeward FY2023 filing

Tax-deductible

Richmond, VA501(c)(3)Human ServicesEIN 05-0606153Revenue $3.3M in FY2023

On file with the IRShomewardva.org9211 Forest Hill Ave Ste 110, 23235-6877 · Richmond, VATax-exempt since Sep 2004Publicly supported charity — 170(b)(1)(A)(vi)

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Homeward brings together homeless service providers, local governments, faith, academic, and business communities, homeless and formerly homeless individuals and concerned citizens to combine efforts and resources.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $398K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $242K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$783K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.3M
-38% vs prior year
Spent
$3.2M
To programs
86%
Net assets
$3.6M
By yearFY2021–FY2025
Revenue
$3.3M
FY2023▼ -38%
Tap a bar for its year
Revenue by fiscal year
FY2021$10.7M
FY2022$5.3M
FY2023$3.3M
FY2024$2.5M
FY2025$2.2M
Expenses
$3.2M
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2021$10.4M
FY2022$3.0M
FY2023$3.2M
FY2024$2.6M
FY2025$2.9M
Net assets
$3.6M
FY2023▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$1.1M
FY2022$3.4M
FY2023$3.6M
FY2024$3.6M
FY2025$3.0M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $2.7M Management & general 10% · $323K Fundraising 4% · $117K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A

Kelly King Horne’s $138K as Chief Executive Officer is at the 66th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024
Kelly King Horne$137,915$131,777

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Homeward executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Unites diverse groups to combine efforts and resources for homeless service providers.

Questions for Homeward

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Provided by the organization

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3 programs · $2.7M · in their own filed words · FY2022
01

Homeward is the designated planning and support agency for the greater richmond continuum of care (grcoc), a network of more than 22 non-profits and 8 local governments working together to fight homelessness.

$1.8Mprogram expense
02

Homeward conducts participatory data analysis through interviews with people experiencing homelessness and through program level data collecting using the homeward community information system (hcis.) hcis is a secure database used by homeless service providers to coordinate homeless assistance and to measure program and system level…

$491Kprogram expense
03

Homeward supports the homeless connection line, our region's largest coordinated entry point for services. The homeless connection line (HCL) is a multi-agency collaborative partnership which has been designed by local stakeholders to maximize limited resources to address homelessness.

$443Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$3.3M
Ln 12
Gifts and grantsLn 1h$3.2M
Investment incomeLn 3$38K
Fees for servicesLn 2g$17K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.7M
Managementcol C$323K
Fundraisingcol D$117K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$923K
Total assetsLn 16$4.4M
LiabilitiesLn 26$783K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.2M
Government grantsLn 1e$2.1M
Fees for servicesLn 2g$17K
Investment incomeLn 3$38K
Total revenueLn 12$3.3M
Assets in detailPt X, end of year
CashLn 1$923K
Cash and savings togetherLn 1–2$923K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$274K
Other assetsLn 15$4K
Total assetsLn 16$4.4M
LiabilitiesLn 26$783K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 529
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$720K$923K
InvestmentsLn 11–13$2.4M$2.7M
Land, buildings, equipmentLn 10c$11K$274K
Total assetsLn 16$3.5M$4.4M
LiabilitiesLn 26$150K$783K
Net assetsLn 32$3.4M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.0M$819K$118K$99K
Pension plan contributionsLn 8$23K$18K$3K$2K
Other employee benefitsLn 9$113K$93K$12K$8K
Payroll taxesLn 10$77K$61K$9K$8K
Management feesLn 11a$31K$31K
Accounting feesLn 11c$76K$76K
Investment management feesLn 11f$21K$21K
Office expensesLn 13$17K$2K$15K
Information technologyLn 14$136K$123K$13K
OccupancyLn 16$32K$12K$20K$360
TravelLn 17$57K$57K$454
Conferences, conventions and meetingsLn 19$59K$57K$3K
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$38K$38K
Other expenses (24a–d)Ln 24$1.4M$1.4M$19K$60
Total functional expensesLn 25$3.2M$2.7M$323K$117K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.9M−$709K$3.0M 990 PDF
FY2024 $2.5M$2.6M−$101K$3.6M 990 PDF
FY2023 Viewing $3.3M$3.2M$123K$3.6M 990 PDF
FY2022 $5.3M$3.0M$2.3M$3.4M 990 PDF
FY2021 $10.7M$10.4M$334K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $3,279,391 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,302,565$3,224,170
I-9 Program service revenuePrior year $5,599$17,487
I-10 Investment incomePrior year $2,798$37,734
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $5,310,962$3,279,391
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,152,327$1,249,564
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,818,084$1,906,501
I-18 Total expensesPrior year $2,970,411$3,156,065
I-19 Revenue less expensesPrior year $2,340,551$123,326
Part VI · Governance 14 of 14 board members independent, no flags
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,279,391 across 6 lines filed
VIII-1e Government grants$2,078,489
VIII-1f All other contributions, gifts and grants$1,145,681
VIII-1h Total contributions, gifts and grants$3,224,170
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $17,487$17,487
VIII-3 Investment incomeExcluded from tax $37,734$37,734
VIII-12 Total revenueRelated to mission $17,487 · Unrelated business $0 · Excluded from tax $37,734$3,279,391
Part IX · Statement of functional expenses $3,156,065 across 15 lines filed
IX-7 Other salaries and wagesPrograms $818,704 · Management $118,441 · Fundraising $98,942$1,036,087
IX-8 Pension plan contributionsPrograms $18,266 · Management $2,810 · Fundraising $2,342$23,418
IX-9 Other employee benefitsPrograms $93,079 · Management $12,175 · Fundraising $7,552$112,806
IX-10 Payroll taxesPrograms $60,623 · Management $9,061 · Fundraising $7,569$77,253
IX-11a Management feesPrograms $31,090$31,090
IX-11c Accounting feesManagement $76,213$76,213
IX-11f Investment management feesManagement $20,526$20,526
IX-13 Office expensesPrograms $2,043 · Management $14,548$16,591
IX-14 Information technologyPrograms $122,737 · Management $13,023$135,760
IX-16 OccupancyPrograms $12,359 · Management $19,586 · Fundraising $360$32,305
IX-17 TravelPrograms $56,800 · Management $454$57,254
IX-19 Conferences, conventions and meetingsPrograms $56,896 · Management $2,555$59,451
IX-20 InterestManagement $14,688$14,688
IX-22 Depreciation, depletion and amortizationPrograms $38,425$38,425
IX-24 Other expenses (24a–d)Programs $1,405,067 · Management $19,071 · Fundraising $60$1,424,198
IX-25 Total functional expensesPrograms $2,716,089 · Management $323,151 · Fundraising $116,825$3,156,065
Part X · Balance sheet $4,370,842 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $720,457$922,949
X-3 Pledges and grants receivableStart of year $339,003$464,272
X-9 Prepaid expenses and deferred chargesStart of year $5,448$18,302
X-10c Land, buildings and equipment, netStart of year $11,434$274,333
X-12 Other securitiesStart of year $2,438,398$2,687,147
X-15 Other assetsStart of year $2,665$3,839
X-16 Total assetsStart of year $3,517,405$4,370,842
X-17 Accounts payable and accrued expensesStart of year $46,323$116,085
X-19 Deferred revenueStart of year $72,320$362,199
X-25 Other liabilitiesStart of year $31,762$305,085
X-26 Total liabilitiesStart of year $150,405$783,369
X-27 Net assets without donor restrictionsStart of year $768,011$914,909
X-28 Net assets with donor restrictionsStart of year $2,598,989$2,672,564
X-32 Total net assets or fund balancesStart of year $3,367,000$3,587,473
X-33 Total liabilities and net assetsStart of year $3,517,405$4,370,842
Part XI · Reconciliation of net assets $3,587,473 net assets at year end
XI-1 Total revenue$3,279,391
XI-2 Total expenses$3,156,065
XI-3 Revenue less expenses$123,326
XI-4 Net assets at start of year$3,367,000
XI-5 Net unrealized gains (losses) on investments$97,148
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,587,473

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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