Homestretch INC FY2021 filing

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Homestretch, Inc. helps homeless families to secure housing and self-sufficiency.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$235K 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

FY2021 · 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
4 of 6
filings with a surplus
Average surplus $291K a year · 8% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$235K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
13
named funders · $263K
Looks good: 13 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6.4M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
16
of 16 voting members
Looks good: 16 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.6M
+2% vs prior year
Spent
$3.2M
To programs
86%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$3.6M
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$3.6M
FY2022$3.7M
FY2023$4.5M
FY2024$3.4M
FY2025$3.8M
Expenses
$3.2M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$3.3M
FY2023$3.5M
FY2024$3.7M
FY2025$3.8M
Net assets
$1.7M
FY2021▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$2.0M
FY2023$3.0M
FY2024$2.8M
FY2025$2.8M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Jul 1998.

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% · $2.8M Management & general 10% · $319K Fundraising 4% · $134K

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

18 people listed on the 990; $235K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$121,228Pt VII · Sec A
Deputy Director
$114,246Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Barfonce Baldwin’s $175K as Executive Director is at the 83rd percentile of top reported officer pay among 3869 $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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Barfonce Baldwin$175,000$70,673————
Brenda Wilks$156,700$142,478$132,838$120,436$114,246$122,322
Christopher Fay—$108,756$141,834$130,491$121,228$128,135
Kenneth Bradford—————$112,406

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 Homestretch INC executive salaries →

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

Helps homeless families find housing and become self-sufficient.

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2 programs · $2.8M · in their own filed words · FY2020
01

Homestretch provided transitional housing assistance to needy families with children in the form of rent, utilities, expenses and life skills training. Homestretch also provided kitchen furnishings, household furniture and supplies, on a pass-through basis, as items are donated by the community at large. Homestretch, Inc.

$2.5Mprogram expense
02

Kidstretch, a program of Homestretch, engages in best practices in early childhood. Kidstretch is a Virginia Preschool Initiative (VPI) classroom. VPI is a state initiative that provides access to high quality preschoolprograms for 4-year-olds with eligible incomes.

$266Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 13 funders →
Grants paid · 7 grants · $3.8M · 2019–2024
Unitemized GrantFY2024$540,564
Unitemized GrantFY2023$550,588
Unitemized GrantFY2023$550,588
Unitemized GrantFY2022$585,181
Unitemized GrantFY2021$561,291
Unitemized GrantFY2020$532,099
Unitemized GrantFY2019$496,952

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$3.6M
Ln 12
Gifts and grantsLn 1h$3.1M
Fees for servicesLn 2g$462K
Other incomeLn 4–11$12K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.8M
Managementcol C$319K
Fundraisingcol D$134K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$8.0M
LiabilitiesLn 26$6.4M
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a16
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.1M
Government grantsLn 1e$353K
Noncash giftsLn 1g$174K
Fundraising eventsLn 1c$436K
Fees for servicesLn 2g$462K
Investment incomeLn 3$4K
Other incomeLn 4–11$12K
Total revenueLn 12$3.6M
Assets in detailPt X, end of year
CashLn 1$2.3M
Cash and savings togetherLn 1–2$2.3M
Accounts receivableLn 4$84K
Prepaid expenses and deferred chargesLn 9$33K
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$12K
Total assetsLn 16$8.0M
LiabilitiesLn 26$6.4M
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 527
VolunteersI 6660
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$174K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$2.0M$2.3M
InvestmentsLn 11–13$78K$0
Land, buildings, equipmentLn 10c$5.8M$5.6M
Total assetsLn 16$8.2M$8.0M
LiabilitiesLn 26$7.0M$6.4M
Net assetsLn 32$1.3M$1.7M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$532K$532K
Pay of current officers, directors and key staffLn 5$159K$94K$65K
Other salaries and wagesLn 7$1.3M$1.2M$70K$42K
Pension plan contributionsLn 8$50K$45K$3K$2K
Other employee benefitsLn 9$143K$115K$20K$8K
Payroll taxesLn 10$107K$80K$20K$7K
Legal feesLn 11b$86$64$16$6
Other fees for servicesLn 11g$91K$68K$17K$6K
Office expensesLn 13$94K$75K$15K$5K
OccupancyLn 16$36K$28K$6K$2K
InterestLn 20$116K$109K$5K$2K
Depreciation, depletion and amortizationLn 22$217K$162K$41K$14K
InsuranceLn 23$48K$39K$7K$2K
Other expenses (24a–d)Ln 24$268K$223K$34K$11K
All other expensesLn 24e$82K$32K$17K$32K
Total functional expensesLn 25$3.2M$2.8M$319K$134K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Feb 19, 2026 $3.8M$3.8M−$39K$2.8M 990 PDF
FY2024Filed with the IRS Jan 29, 2025 $3.4M$3.7M−$341K$2.8M 990 PDF
FY2023Filed with the IRS Mar 14, 2024 $4.5M$3.5M$1.0M$3.0M 990 PDF
FY2022Filed with the IRS Mar 9, 2023 $3.7M$3.3M$339K$2.0M 990 PDF
FY2021 ViewingFiled with the IRS Jan 24, 2022 $3.6M$3.2M$399K$1.7M 990 PDF
FY2020Filed with the IRS Feb 17, 2021 $3.5M$3.2M$381K$1.3M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $3,616,324 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,916,933$3,137,689
I-9 Program service revenuePrior year $594,583$462,360
I-10 Investment incomePrior year $6,480$4,115
I-11 Other revenuePrior year $16,213$12,160
I-12 Total revenuePrior year $3,534,209$3,616,324
I-13 Grants and similar amounts paidPrior year $496,952$532,099
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,685,347$1,733,178
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $971,020$952,141
I-18 Total expensesPrior year $3,153,319$3,217,418
I-19 Revenue less expensesPrior year $380,890$398,906
Part VI · Governance 16 of 16 board members independent, no flags
VI-1a Voting members of the governing body16
VI-1b Independent voting members16
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 $3,616,324 across 11 lines filed
VIII-1a Federated campaigns$13,779
VIII-1c Fundraising events$435,594
VIII-1e Government grants$352,657
VIII-1f All other contributions, gifts and grants$2,335,659
VIII-1g Noncash contributions (included above)$173,840
VIII-1h Total contributions, gifts and grants$3,137,689
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $462,360$462,360
VIII-3 Investment incomeExcluded from tax $4,115$4,115
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $12,160$12,160
VIII-12 Total revenueRelated to mission $474,520 · Unrelated business $0 · Excluded from tax $4,115$3,616,324
Part IX · Statement of functional expenses $3,217,418 across 15 lines filed
IX-2 Grants to domestic individualsPrograms $532,099$532,099
IX-5 Pay of current officers, directors and key staffPrograms $93,567 · Management $65,021$158,588
IX-7 Other salaries and wagesPrograms $1,163,661 · Management $69,770 · Fundraising $42,064$1,275,495
IX-8 Pension plan contributionsPrograms $45,037 · Management $2,681 · Fundraising $1,834$49,552
IX-9 Other employee benefitsPrograms $114,503 · Management $19,576 · Fundraising $8,452$142,531
IX-10 Payroll taxesPrograms $80,259 · Management $20,065 · Fundraising $6,688$107,012
IX-11b Legal feesPrograms $64 · Management $16 · Fundraising $6$86
IX-11g Other fees for servicesPrograms $68,325 · Management $17,081 · Fundraising $5,694$91,100
IX-13 Office expensesPrograms $74,610 · Management $14,902 · Fundraising $4,967$94,479
IX-16 OccupancyPrograms $27,734 · Management $6,256 · Fundraising $2,085$36,075
IX-20 InterestPrograms $108,822 · Management $4,892 · Fundraising $2,097$115,811
IX-22 Depreciation, depletion and amortizationPrograms $162,461 · Management $40,615 · Fundraising $13,538$216,614
IX-23 InsurancePrograms $38,791 · Management $7,050 · Fundraising $2,350$48,191
IX-24 Other expenses (24a–d)Programs $222,773 · Management $34,129 · Fundraising $11,376$268,278
IX-24e All other expensesPrograms $31,975 · Management $17,174 · Fundraising $32,358$81,507
IX-25 Total functional expensesPrograms $2,764,681 · Management $319,228 · Fundraising $133,509$3,217,418
Part X · Balance sheet $8,031,450 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $1,987,690$2,325,815
X-4 Accounts receivableStart of year $327,005$84,219
X-9 Prepaid expenses and deferred chargesStart of year $29,977$32,777
X-10c Land, buildings and equipment, netStart of year $5,776,112$5,576,839
X-11 Publicly traded securitiesStart of year $77,984$0
X-15 Other assetsStart of year $8,200$11,800
X-16 Total assetsStart of year $8,206,968$8,031,450
X-17 Accounts payable and accrued expensesStart of year $111,432$134,195
X-19 Deferred revenueStart of year $2,822$1,339
X-21 Escrow or custodial accountsStart of year $205,234$237,923
X-22 Loans from officers and insidersStart of year $623,483$0
X-23 Secured mortgages and notes payableStart of year $5,623,380$5,912,970
X-24 Unsecured notes and loans payableStart of year $298,100$0
X-25 Other liabilitiesStart of year $89,401$93,348
X-26 Total liabilitiesStart of year $6,953,852$6,379,775
X-27 Net assets without donor restrictionsStart of year $835,777$1,478,947
X-28 Net assets with donor restrictionsStart of year $417,339$172,728
X-32 Total net assets or fund balancesStart of year $1,253,116$1,651,675
X-33 Total liabilities and net assetsStart of year $8,206,968$8,031,450
Part XI · Reconciliation of net assets $1,651,675 net assets at year end
XI-1 Total revenue$3,616,324
XI-2 Total expenses$3,217,418
XI-3 Revenue less expenses$398,906
XI-4 Net assets at start of year$1,253,116
XI-5 Net unrealized gains (losses) on investments−$347
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,651,675

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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