HEADING HOME

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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

2004

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $10,487,462 Revenue: $2,250,912

HEADING HOME'S STREET CONNECT PROGRAM PROVIDED: -258 INDIVIDUALS EXPERIENCING HOMELESSNESS WITH STREET OUTREACH SERVICES SUCH AS CASE MANAGEMENT AND CARE COORDINATION, -60 INDIVIDUALS EXPERIENCING...

HEADING HOME'S STREET CONNECT PROGRAM PROVIDED: -258 INDIVIDUALS EXPERIENCING HOMELESSNESS WITH STREET OUTREACH SERVICES SUCH AS CASE MANAGEMENT AND CARE COORDINATION, -60 INDIVIDUALS EXPERIENCING HOMELESSNESS WITH ASSISTANCE IN APPLYING FOR SSI/SSDI, AND -INDIVIDUALS WHO HAD SIGNIFICANT BEHAVIORAL HEALTH DISABILITIES AND WERE LIVING IN ENCAMPMENTS WITH COORDINATED, INTENSIVE OUTREACH SERVICES. IN ADDITION, 136 OF STREET CONNECT PROGRAM PARTICIPANTS OBTAINED PERMANENT HOUSING DURING FISCAL YEAR 2022. HEADING HOME'S WELLNESS HOTEL FAMILY SHELTER PROGRAM PROVIDED: -660 ADULTS EXPERIENCING HOMELESSNESS WITH OVERNIGHT, EMERGENCY SHELTER AND -868 CHILDREN EXPERIENCING HOMELESSNESS WITH OVERNIGHT, EMERGENCY SHELTER. HEADING HOME'S WESTSIDE EMERGENCY SHELTER PROGRAM PROVIDED: -1947 ADULTS EXPERIENCING HOMELESSNESS WITH OVERNIGHT, EMERGENCY SHELTER (395 PER NIGHT AVERAGE) AND -143,599 BED NIGHTS.

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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%)

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

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

$256,664

Total Directors

Key Employees

Highest Compensated

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