Heading Home Inc (EIN 237364546) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Phone

6178648140

Tax Period

2022-07-01 to 2023-06-30

Heading Home Inc, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $30.9M in total revenue in fiscal year 2022. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $28.0M left a modest 9% surplus.

Mission

Heading Home's mission is to end homelessness in Greater Boston by providing a supported pathway to self-sufficiency that begins with a home.

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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 $29,975,247

Program Service Revenue $215,251

Investment Income $327,775

Other Revenue $387,678

TOTAL REVENUE $30,905,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,857,001

Fundraising Expenses $1,374,970

Program Expenses $20,308,620

Other Expenses $17,131,240

TOTAL EXPENSES $27,988,241

Year-over-Year Comparison

	2022	2021	Change
Revenue	$30,905,951	$21,349,930	+0.4%
Expenses	$27,988,241	$18,482,312	+0.5%
Net Income	$2,917,710	$2,867,618	+0.0%

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

234

Volunteers

1000

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

$458,480

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Clerk	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	2.0	Officer Director	$0	$0	$0
N/A	Chair	2.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Member	1.0	Director	$0	$0	$0
N/A	Chief Executive Officer	39.0	Officer	$236,236	$40,960	$277,196
N/A	Chief Financial Officer	39.0	Officer	$0	$0	$0
N/A	Chief Financial Officer (part year)	39.0	Officer	$162,932	$18,352	$181,284
N/A	Chief Operating Officer	39.0	Highest	$155,016	$40,631	$195,647
N/A	Chief Development Officer	39.0	Highest	$164,533	$8,191	$172,724

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	$30,905,951	$27,988,241	$32,986,088	$2,917,710
2022	$21,349,930	$18,482,312	$19,604,535	$2,867,618
2021	$19,837,700	$19,152,620	$16,655,344	$685,080
2020	$16,777,402	$16,339,691	$15,321,583	$437,711
2019	$16,509,482	$15,986,338	$13,585,594	$523,144

Heading Home Inc