Homeward FY2024 filing

Tax-deductible

Richmond, VA501(c)(3)Human ServicesEIN 05-0606153Revenue $2.5M in FY2024

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.
85¢ of each $1 spent went to programs.
$132K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$132K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
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
$367K
9% of total assets
Looks good: liabilities are 9% 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
$2.5M
-23% vs prior year
Spent
$2.6M
To programs
85%
Net assets
$3.6M
By yearFY2021–FY2025
Revenue
$2.5M
FY2024▼ -23%
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
$2.6M
FY2024▼ -17%
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
FY2024▲ +2%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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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

85 cents of each dollar spent went to programs.

Program services 85% · $2.2M Management & general 13% · $328K Fundraising 2% · $51K

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

15 people listed on the 990; $132K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Execuitive Director
$131,777Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Immediate Past Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$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 · $2.2M · in their own filed words · FY2023
01

Homeward's areas of expertise include person-centered data collection and analysis of the crisis of homelessness; housing-focused service coordination to solve homelessness in the richmond region; support for the regional application of more than $10 million annually in federal and state funding to maximize the impact of proven programs…

$1.6Mprogram 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…

$435Kprogram 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.

$194Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$92K
Fees for servicesLn 2g$38K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.2M
Managementcol C$328K
Fundraisingcol D$51K
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$763K
Total assetsLn 16$4.0M
LiabilitiesLn 26$367K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$1.7M
Fees for servicesLn 2g$38K
Investment incomeLn 3$92K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$763K
Cash and savings togetherLn 1–2$763K
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$244K
Other assetsLn 15$4K
Total assetsLn 16$4.0M
LiabilitiesLn 26$367K
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 FY24End FY24
Cash and savingsLn 1–2$923K$763K
InvestmentsLn 11–13$2.7M$2.7M
Land, buildings, equipmentLn 10c$274K$244K
Total assetsLn 16$4.4M$4.0M
LiabilitiesLn 26$783K$367K
Net assetsLn 32$3.6M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.1M$900K$131K$38K
Pension plan contributionsLn 8$21K$17K$3K$838
Other employee benefitsLn 9$120K$100K$15K$5K
Payroll taxesLn 10$78K$65K$10K$3K
Management feesLn 11a$19K$19K
Accounting feesLn 11c$75K$75K
Investment management feesLn 11f$21K$21K
Office expensesLn 13$12K$3K$9K
Information technologyLn 14$148K$132K$16K
OccupancyLn 16$23K$15K$7K$360
TravelLn 17$37K$35K$533$1K
Conferences, conventions and meetingsLn 19$64K$61K$3K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$38K$38K
Other expenses (24a–d)Ln 24$876K$849K$24K$3K
Total functional expensesLn 25$2.6M$2.2M$328K$51K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.9M−$709K$3.0M 990 PDF
FY2024 Viewing $2.5M$2.6M−$101K$3.6M 990 PDF
FY2023 $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 FY2024 990 (6 parts)
Part I · Summary $2,514,604 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,224,170$2,384,717
I-9 Program service revenuePrior year $17,487$38,110
I-10 Investment incomePrior year $37,734$91,777
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,279,391$2,514,604
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 $1,249,564$1,287,278
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,906,501$1,327,952
I-18 Total expensesPrior year $3,156,065$2,615,230
I-19 Revenue less expensesPrior year $123,326−$100,626
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 $2,514,604 across 6 lines filed
VIII-1e Government grants$1,652,442
VIII-1f All other contributions, gifts and grants$732,275
VIII-1h Total contributions, gifts and grants$2,384,717
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $38,110$38,110
VIII-3 Investment incomeExcluded from tax $91,777$91,777
VIII-12 Total revenueRelated to mission $38,110 · Unrelated business $0 · Excluded from tax $91,777$2,514,604
Part IX · Statement of functional expenses $2,615,230 across 15 lines filed
IX-7 Other salaries and wagesPrograms $899,747 · Management $130,945 · Fundraising $37,762$1,068,454
IX-8 Pension plan contributionsPrograms $17,373 · Management $2,722 · Fundraising $838$20,933
IX-9 Other employee benefitsPrograms $100,393 · Management $14,512 · Fundraising $4,787$119,692
IX-10 Payroll taxesPrograms $65,293 · Management $10,017 · Fundraising $2,889$78,199
IX-11a Management feesPrograms $19,393$19,393
IX-11c Accounting feesManagement $75,000$75,000
IX-11f Investment management feesManagement $21,267$21,267
IX-13 Office expensesPrograms $3,106 · Management $8,999$12,105
IX-14 Information technologyPrograms $131,996 · Management $16,457$148,453
IX-16 OccupancyPrograms $15,477 · Management $6,970 · Fundraising $360$22,807
IX-17 TravelPrograms $34,909 · Management $533 · Fundraising $1,237$36,679
IX-19 Conferences, conventions and meetingsPrograms $60,559 · Management $3,164$63,723
IX-20 InterestManagement $13,958$13,958
IX-22 Depreciation, depletion and amortizationPrograms $38,245$38,245
IX-24 Other expenses (24a–d)Programs $849,453 · Management $23,811 · Fundraising $3,058$876,322
IX-25 Total functional expensesPrograms $2,235,944 · Management $328,355 · Fundraising $50,931$2,615,230
Part X · Balance sheet $4,011,983 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $922,949$763,099
X-3 Pledges and grants receivableStart of year $464,272$338,039
X-9 Prepaid expenses and deferred chargesStart of year $18,302$8,263
X-10c Land, buildings and equipment, netStart of year $274,333$244,060
X-12 Other securitiesStart of year $2,687,147$2,654,683
X-15 Other assetsStart of year $3,839$3,839
X-16 Total assetsStart of year $4,370,842$4,011,983
X-17 Accounts payable and accrued expensesStart of year $116,085$70,051
X-19 Deferred revenueStart of year $362,199$11,520
X-25 Other liabilitiesStart of year $305,085$284,946
X-26 Total liabilitiesStart of year $783,369$366,517
X-27 Net assets without donor restrictionsStart of year $914,909$1,242,860
X-28 Net assets with donor restrictionsStart of year $2,672,564$2,402,606
X-32 Total net assets or fund balancesStart of year $3,587,473$3,645,466
X-33 Total liabilities and net assetsStart of year $4,370,842$4,011,983
Part XI · Reconciliation of net assets $3,645,466 net assets at year end
XI-1 Total revenue$2,514,604
XI-2 Total expenses$2,615,230
XI-3 Revenue less expenses−$100,626
XI-4 Net assets at start of year$3,587,473
XI-5 Net unrealized gains (losses) on investments$158,619
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,645,466

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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