HEADING HOME

EIN: 201917517 501(c)(3) Housing & Shelter

ALBUQUERQUE, NM

Total Revenue
$14,798,025
Total Expenses
$12,165,840
Total Assets
$7,857,978
Net Assets
$7,055,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NM
Principal Officer
KENNETH JONES
Phone
5053442645
Tax Period
2022-07-01 to 2023-06-30

HEADING HOME, founded in 2004, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.8M in total revenue in fiscal year 2022. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 18% operating margin.

Mission

THE STATED PURPOSE OF HEADING HOME IS TO MAKE THE EXPERIENCE OF HOMELESSNESS RARE, SHORT-LIVED AND NONRECURRING. IT ACCOMPLISHES ITS MISSION THROUGH OPERATION OF SIX PROGRAMS THAT PROVIDE EMERGENCY HOUSING, TRANSITIONAL SERVICES AND PERMANENT HOUSING FOR HOMELESS POPULATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $12,547,113
Program Service Revenue $2,250,912
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,798,025

Expense Breakdown

Grants Paid $2,313,718
Salaries & Benefits $7,454,304
Fundraising Expenses $342,220
Program Expenses $10,487,462
Other Expenses $2,397,818
TOTAL EXPENSES $12,165,840

Year-over-Year Comparison

2022 2021 Change
Revenue $14,798,025 $9,962,653 +0.5%
Expenses $12,165,840 $8,446,872 +0.4%
Net Income $2,632,185 $1,515,781 +0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
154
Volunteers
105

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
9
$256,664
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE DECKER FORMER CEO 40.00
Officer
$102,255 $0 $102,255
DENNIS PLUMMER FORMER CEO 40.00
Officer
$66,369 $1,991 $68,360
VANESSA GAYHART CFO 40.00
Officer
$59,044 $1,600 $60,644
RAY KANDIL FORMER CFO 40.00
Officer
$24,665 $740 $25,405
CONNIE CHAVEZ CEO (EFF 5/2 40.00
Officer
$0 $0 $0
KENNETH JONES BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JOSEPH OLSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL BOWEN SECRETARY 2.00
Officer Director
$0 $0 $0
STEPHEN MONTOYA TREASURER 2.00
Officer Director
$0 $0 $0
LESLEY NASH DIRECTOR 1.00
Director
$0 $0 $0
TIM SAWINA DIRECTOR 1.00
Director
$0 $0 $0
KEN COLLINS DIRECTOR 1.00
Director
$0 $0 $0
JOE CARDILLO DIRECTOR 1.00
Director
$0 $0 $0
TONY WEAVER DIRECTOR 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $14,798,025 $12,165,840 $7,857,978 $2,632,185
2022 $9,962,653 $8,446,872 $5,151,994 $1,515,781
2021 $7,660,261 $7,636,181 $3,839,726 $24,080
2020 $6,249,655 $5,844,739 $3,626,911 $404,916
2019 $4,702,575 $4,972,643 $3,177,376 $-270,068
2018 $5,062,238 $5,079,538 $3,452,823 $-17,300
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