HomeStart Inc

EIN: 043311270 501(c)(3) Community Improvement

Boston, MA

Total Revenue
$19,934,405
Total Expenses
$19,863,802
Total Assets
$9,388,160
Net Assets
$6,689,015
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Phone
6175420338
Tax Period
2023-10-01 to 2024-09-30

HomeStart Inc, founded in 1996, is a mid-sized nonprofit in the Community Improvement sector that reported $19.9M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

To end homelessness in Greater Boston by assisting individuals in obtaining permanent housing and settling into the community, and by developing strategies to address systemic barriers to housing placement.

Program Service Accomplishments

Program 1
Expenses: $8,816,960 Revenue: $494,382

Housing stabilization and resource services to aid participants with integration into the community and maintain successful housing. Services include landlord mediation, money management, and...

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Housing stabilization and resource services to aid participants with integration into the community and maintain successful housing. Services include landlord mediation, money management, and supportive housing assistance. Approximately 375 clients served.

Program 2
Expenses: $7,732,259 Revenue: $0

Housing search services to aid participants in locating affordable permanent housing.

Program 3
Expenses: $1,637,263 Revenue: $0

Homelessness prevention services utilize housing and stabilization knowledge, mediation techniques and money management services to aid participants in retaining their housing and avoid shelters.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,448,555
Program Service Revenue $494,382
Investment Income $42,884
Other Revenue $-51,416
TOTAL REVENUE $19,934,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,516,499
Fundraising Expenses $426,486
Program Expenses $18,186,482
Other Expenses $13,347,303
TOTAL EXPENSES $19,863,802

Year-over-Year Comparison

2023 2022 Change
Revenue $19,934,405 $16,515,239 +0.2%
Expenses $19,863,802 $17,176,303 +0.2%
Net Income $70,603 $-661,064 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
10
Employees
101
Volunteers
40

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$177,139
Total Directors
11
$177,139
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenan Bigby Chair 1.0
Officer Director
$0 $0 $0
Marianne Ajemian Clerk 1.0
Officer Director
$0 $0 $0
Mary Mahoney Vice Chair 1.0
Officer Director
$0 $0 $0
Matthew Gottesdiener Treasurer 2.0
Officer Director
$0 $0 $0
Matthew Pritchard President/Executive Director 40.0
Officer Director
$147,881 $29,258 $177,139
David Morse Director 1.0
Director
$0 $0 $0
John Stadtler Director 1.0
Director
$0 $0 $0
Kevin Stone Director 1.0
Director
$0 $0 $0
Susan Zimmerman Director 1.0
Director
$0 $0 $0
Tina Zhang Director 1.0
Director
$0 $0 $0
Yamaris Vasquez Director 1.0
Director
$0 $0 $0
Matthew Dowd CFO 40.0
Officer
$0 $0 $0
Alyssa Sanchez-smith VP of Human Resources 40.0
Highest
$119,800 $0 $119,800
Kelly Mulligan Chief Program Officer 40.0
Highest
$134,812 $10,632 $145,444
Lornece Tull Director of Housing Stability Services 40.0
Highest
$103,405 $14,208 $117,613
Margaret Howard Director of Program Design and Evaluation 40.0
Highest
$109,338 $27,479 $136,817
Patricia Robinson Director of Finance 40.0
Highest
$119,558 $19,771 $139,329
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $19,934,405 $19,863,802 $9,388,160 $70,603
2023 No data No data No data No data
2022 $16,639,054 $14,275,181 $8,054,304 $2,363,873
2021 $14,864,192 $12,175,982 $5,713,584 $2,688,210
2020 $11,936,283 $11,269,341 $3,713,409 $666,942
2019 $10,517,096 $10,141,275 $2,314,616 $375,821
2018 $9,355,272 $9,087,367 $1,805,354 $267,905
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