RICHMOND, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMEWARD, founded in 2002, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 33% operating deficit.
HOMEWARD'S MISSION IS TO PREVENT, REDUCE, AND END HOMELESSNESS THROUGH THE COOPERATION, COORDINATION, AND COLLABORATION OF REGIONAL RESOURCES AND SERVICES. FOUNDEDIN 1998, HOMEWARD IS THE PLANNING AGENCY THAT SUPPORTS THE GREATER RICHMOND CONTINUUM OF CARE, A NETWORK OF HOMELESS SERVICE PROVIDERS THAT DELIVER COORDINATED AND COMPASSIONATE SOLUTIONS TO HOMELESSNESS IN THE RICHMOND REGION. HOMEWARD FACILITATES THE PUBLIC COORDINATED FUNDING PROCESSES, ENSURES FUNDING COMPLIANCE, RESEARCHES AND COMPILES BEST PRACTICES FOR HOMELESS SOLUTIONS, AND PROVIDES RECOMMENDATIONS BASED ON LIVED EXPERIENCE IN OUR REGION.
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...
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 IN OUR REGIONAL SERVICE COALITION; DEVELOPING CROSS-SECTOR PARTNERSHIPS TO FILL CRITICAL COMMUNITY GAPS; AND, POLICY AND REGULATORY KNOWLEDGE ON HOMELESSNESS TO MOVE OUR EFFORTS FORWARD.
HOMEWARD SUPPORTS THE HOMELESS CONNECTION LINE, OUR REGION'S LARGEST TRIAGE AND ASSESSMENT PROGRAM FOR SERVICES. THE HOMELESS CONNECTION LINE (HCL) IS A MULTI-AGENCY COLLABORATIVE PARTNERSHIP WHICH...
HOMEWARD SUPPORTS THE HOMELESS CONNECTION LINE, OUR REGION'S LARGEST TRIAGE AND ASSESSMENT PROGRAM 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. THE HCL MEETS OR EXCEEDS FEDERAL REGULATIONS FOR COORDINATED ACCESS FOR COMMUNITY-BASED HOMELESS ASSISTANCE NETWORKS. THE TRAINED AND COMPASSIONATE STAFF AT THE HCL START BY LISTENING TO EACH CALLER'S UNIQUE SITUATION AND THEY RECORD DEMOGRAPHIC AND SERVICE USAGE DATA SO THAT OUR HOMELESS ASSISTANCE NETWORK CAN TARGET HOMELESS ASSISTANCE PROGRAMS TO MAKE THE BIGGEST IMPACT.
HOMEWARD CONDUCTS PARTICIPATORY DATA ANALYSIS THROUGH INTERVIEWS WITH PEOPLE EXPERIENCING HOMELESSNESS AND THROUGH PROGRAM LEVEL DATA COLLECTING USING THE HOMEWARD COMMUNITY INFORMATION SYSTEM...
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 EFFECTIVENESS. HOMEWARD USES REAL-TIME, COMMUNITY-LEVEL DATA TO TARGET AND ALIGN SERVICES, POLICIES, AND FUNDING WITH CLIENT AND COMMUNITY NEEDS AND TO ENSURE COMPLIANCE WITH FEDERAL REPORTING REQUIREMENTS SO THAT OUR COMMUNITY CAN MAXIMIZE FUNDING TO FIGHT HOMELESSNESS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,175,002 | $2,514,604 | -0.1% |
| Expenses | $2,884,140 | $2,615,230 | +0.1% |
| Net Income | $-709,138 | $-100,626 | +6.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOHN APOSTLE | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| MICHAEL BOWMAN | TREASURER | 0.70 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM CARTER | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| KEVIN HALLOCK | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| GUY CHAPMAN | IMMEDIATE PAST CHAIRMAN | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| KATHERINE O'DONNELL | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| MARK HICKMAN | CHAIRMAN | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| CHANDRA HURST | SECRETARY | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES WORSLEY | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| DONALD RAIKES | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| TOM WOHLFARTH | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| BETH VANN-TURNBULL | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| ADRIENNE WHITAKER | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| KELLY KING HORNE | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$137,915 | $18,501 | $156,416 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,175,002 | $2,884,140 | $3,259,729 | $-709,138 |
| 2024 | $2,514,604 | $2,615,230 | $4,011,983 | $-100,626 |
| 2023 | $3,279,391 | $3,156,065 | $4,370,842 | $123,326 |
| 2022 | $5,310,962 | $2,970,411 | $3,517,405 | $2,340,551 |
| 2021 | $10,724,788 | $10,390,883 | $2,405,084 | $333,905 |
| 2020 | $2,845,072 | $2,613,773 | $1,070,691 | $231,299 |
| 2019 | $1,429,644 | $1,299,772 | $1,258,113 | $129,872 |
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