HOMES FOR THE HOMELESS INC

EIN: 133351420 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$57,549,675
Total Expenses
$56,755,775
Total Assets
$16,627,828
Net Assets
$3,982,395
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
JOHN H GREENWOOD
Phone
2125295252
Tax Period
2023-07-01 to 2024-06-30

HOMES FOR THE HOMELESS INC, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $57.5M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF HOMES FOR THE HOMELESS IS TO HELP FAMILIES EXPERIENCING HOMELESSNESS ADDRESS THE ISSUE THAT CREATES INSTABILITY IN THEIR LIVES. HFH OPERATES SHELTERS FOR FAMILIES EXPERIENCING HOMELESSNESS IN NYC. OUR FAMILY RESIDENCES ARE MORE THAN JUST A PLACE TO SLEEP. FAMILIES CAN MAKE THE MOST OF THEIR STAY THROUGH ACCESSING AN ARRAY OF ONSITE PROGRAMS. MANY OF THESE PROGRAMS ARE ALSO AVAILABLE TO PEOPLE LIVING IN THE LOCAL COMMUNITY. OUR GOAL IS TO HAVE A POSITIVE IMPACT SO FAMILIES CAN THRIVE LONG AFTER THEY LEAVE OUR SHELTERS.

Program Service Accomplishments

Program 1
Expenses: $51,181,823 Revenue: $0

ON ANY GIVEN DAY, 720 FAMILIES WITH 780 CHILDREN RESIDE IN OUR SIX FAMILY RESIDENCES IN THE BRONX, MANHATTAN, QUEENS, AND STATEN ISLAND. IN CALENDAR YEAR 2023, 1,159 UNIQUE FAMILIES WERE SERVED...

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ON ANY GIVEN DAY, 720 FAMILIES WITH 780 CHILDREN RESIDE IN OUR SIX FAMILY RESIDENCES IN THE BRONX, MANHATTAN, QUEENS, AND STATEN ISLAND. IN CALENDAR YEAR 2023, 1,159 UNIQUE FAMILIES WERE SERVED THROUGHOUT THE YEAR. FROM 2022 TO 2023, HFH DECREASED THE AVERAGE FAMILY LENGTH OF STAY IN ITS SHELTERS BY 8%.ON-SITE SERVICES FOR FAMILIES INCLUDED CASE MANAGEMENT WITH INDIVIDUALIZED SERVICE PLANS INCLUDING REFERRALS TO BOTH ON-SITE AND COMMUNITY-BASED SERVICES AND PARTNERSHIPS RANGING FROM MEDICAL VANS AND EYEGLASS EVALUATION TO TRANSPORTATION TO VIEW APARTMENTS TO RESUME AND JOB PREPARATION.ALLIE'S PLACE CENTER FOR EDUCATION & EMPLOYMENT PROVIDED FREE, HANDS-ON JOB TRAINING FOR ADULTS FROM ANY HFH FAMILY RESIDENCE, AS WELL AS MEMBERS OF THE LOCAL COMMUNITY. IN 2023, 132 PEOPLE GRADUATED FROM THE PROGRAM WITH 40% EMPLOYED SINCE COMPLETION OF THE PROGRAM. THE CENTER ALSO ADDED A PASTRY ARTS TRAINING TRACK AND BEGAN DEVELOPING A HOSPITALITY PROGRAM TO GIVE GRADUATES EXPOSURE TO "FRONT-OF-THE-HOUSE" SKILLS LIKE BEVERAGE SERVICE, HOSTING, AND MORE.HFH PROVIDES AN ARRAY OF ON-SITE PROGRAMS FOR CHILDREN. SOME SITES HAVE ON-SITE EARLY CHILDHOOD EDUCATION CENTERS, WHERE CHILDREN FROM THE SITE AND THE COMMUNITY LEARN TOGETHER IN NYC DOE 3-K AND PRE-K CLASSES. OTHER SITES OPERATE ON-SITE DAYCARE OR AFTERSCHOOL PROGRAMS AVAILABLE TO YOUNGSTERS WHILE THEIR PARENTS ARE WORKING OR ATTENDING APPOINTMENTS. HIGHLIGHTS IN 2023 INCLUDED FIELD TRIPS, PARTNERSHIPS, AND ARTIST-IN-RESIDENCE PROGRAMS FEATURING COLLABORATIONS FROM TEACHING ARTISTS IN THE FIELDS OF CREATIVE WRITING, MUSIC, DANCE AND MOVEMENT, AND A HOST OF OTHER GENRES. HOMEWORK HELP, FASHION AND TALENT SHOWS, AND TIME PLAYING OUTSIDE WERE ALSO AT THE TOP OF THE LIST IN RECREATION AND AFTERSCHOOL.FAMILIES ALSO PARTICIPATED IN FAMILY ENGAGEMENT ACTIVITIES TO CELEBRATE MILESTONES LIKE MOTHER'S AND FATHER'S DAY, FAMILY PORTRAITS AND TRICK OR TREATING FOR HALLOWEEN, AND SO MUCH MORE.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,154,399
Program Service Revenue $0
Investment Income $66,118
Other Revenue $6,329,158
TOTAL REVENUE $57,549,675

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,892,912
Fundraising Expenses $0
Program Expenses $51,181,823
Other Expenses $29,862,863
TOTAL EXPENSES $56,755,775

Year-over-Year Comparison

2023 2022 Change
Revenue $57,549,675 $43,846,683 +0.3%
Expenses $56,755,775 $44,583,984 +0.3%
Net Income $793,900 $-737,301 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
719
Volunteers
277

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
$784,341
Total Directors
16
$41,130
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WEBB CHAIR 2.00
Officer Director
$0 $0 $0
HARRIS BARER SECRETARY 2.00
Officer Director
$0 $0 $0
SUSANNE HUROWITZ TREASURER 2.00
Officer Director
$0 $0 $0
STEVEN COHEN BOARD MEMBER 2.00
Director
$0 $0 $0
SHELLY FRIEDMAN BOARD MEMBER 2.00
Director
$0 $0 $0
HELAINE BARNETT BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL KALMUS BOARD MEMBER 2.00
Director
$0 $0 $0
ANDREA STERN BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD FINKELSTEIN BOARD MEMBER 2.00
Director
$0 $0 $0
PETER K JENIK BOARD MEMBER 2.00
Director
$0 $0 $0
DANE WESLEY BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE KRAUSE BOARD MEMBER (THRU 08/2023) 2.00
Director
$0 $0 $0
PAIGE BARTELS BOARD MEMBER 2.00
Director
$0 $0 $0
LUKE NASTA BOARD MEMBER 2.00
Director
$0 $0 $0
LEONARD STERN BOARD MEMBER 2.00
Director
$0 $0 $0
RALPH NUNEZ BOARD MEMBER 2.00
Director
$0 $41,130 $41,130
JOHN H GREENWOOD EXECUTIVE DIRECTOR 34.00
Officer
$295,689 $48,419 $344,108
GRETCHEN J HERNANDEZ DEPUTY EXECUTIVE DIRECTOR 34.00
Officer
$197,116 $54,837 $251,953
AARON GOODMAN CHIEF ADMIN OFF. (THUR 08/2023) 34.00
Officer
$159,335 $28,945 $188,280
YUEQIN LI DIRECTOR OF FINANCE 40.00
Highest
$149,900 $62,152 $212,052
CARLOS SANTOS CONTROLLER 40.00
Highest
$113,175 $28,723 $141,898
JAMES HERNANDEZ CHIEF OF STAFF 40.00
Highest
$106,078 $25,164 $131,242
ANNAMARIA SANTORO SENIOR DIRECTOR OF OPERATIONS 40.00
Highest
$103,844 $9,831 $113,675
MICHAEL FAHY ADMINISTRATOR 40.00
Highest
$120,766 $70,449 $191,215
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
2025 No data No data No data No data
2024 $57,549,675 $56,755,775 $16,627,828 $793,900
2023 $43,846,683 $44,583,984 $13,040,136 $-737,301
2022 $39,793,490 $39,576,531 $11,930,646 $216,959
2021 $34,991,198 $34,998,450 $10,568,614 $-7,252
2020 $32,018,738 $34,139,941 $9,691,242 $-2,121,203
2019 $25,447,097 $28,595,607 $10,143,596 $-3,148,510
2018 $24,991,170 $26,329,859 $7,418,782 $-1,338,689
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