HOMEWARD BOUND IN PUYALLUP

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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

2007

Legal Domicile

Principal Officer

CHERYL BORDEN

Phone

2538450174

Tax Period

2023-01-01 to 2023-12-31

HOMEWARD BOUND IN PUYALLUP, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $499K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum.

Mission

HOMEWARD BOUND IN PUYALLUP IS A NON-PROFIT THAT OVERSEES AND PROVIDES ADMINISTRATIVE SUPPORT TO PROGRAMS THAT PROVIDE SERVICES TO INDIVIDUALS EXPERIENCING HOMELESSNESS IN THE GREATER PIERCE COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $267,827

NEW HOPE RESOURCE CENTER IS A DAYTIME DROP-IN SHELTER PROGRAM PROVIDING SHELTER, FOOD, AND SUPPLIES TO PEOPLE EXPERIENCING HOMELESSNESS. SERVICES ARE PROVIDED IN A FACILITY/LOCATION IN PUYALLUP. NHRC STAFF PROVIDE NAVIGATION SERVICES TO CONNECT PEOPLE TO SERVICES THAT WILL MOVE THEM TOWARDS BECOMING HOUSED.

Program 2

Expenses: $36,825

MOBILE RESOURCE RESPONSE TEAM IS A NON-FACILITY COMMUNITY BASED PROGRAM PROVIDING LAUNDRY, SHOWERS, FOOD, CLOTHING, AND HYGIENE SUPPLIES TO INDIVIDUALS EXPERIENCING HOMELESSNESS. SERVICES ARE...

MOBILE RESOURCE RESPONSE TEAM IS A NON-FACILITY COMMUNITY BASED PROGRAM PROVIDING LAUNDRY, SHOWERS, FOOD, CLOTHING, AND HYGIENE SUPPLIES TO INDIVIDUALS EXPERIENCING HOMELESSNESS. SERVICES ARE PROVIDED IN A MOBILE RV UNIT, MOBILE LAUNDRY TRAILER, AND A MOBILE SHOWER TRAILER. THESE SERVICES TRAVEL TO LOCATIONS IN THE COMMUNITY TO PROVIDE SERVICES. MRRT STAFF PROVIDE NAVIGATION SERVICES TO CONNECT PEOPLE TO SERVICES THAT WILL MOVE THEM TOWARDS BECOMING HOUSED.

Program 3

Expenses: $201,940

IN JANUARY OF 2022 HOMEWARD BOUND RECEIVED A CONTRACT TO PROVIDE A SAFE PARKING PROGRAM FOR INDIVIDUALS EXPERIENCING HOMELESSNESS AND LIVING IN THEIR VEHICLES. SERVICES ARE PROVIDED AT VARIOUS...

IN JANUARY OF 2022 HOMEWARD BOUND RECEIVED A CONTRACT TO PROVIDE A SAFE PARKING PROGRAM FOR INDIVIDUALS EXPERIENCING HOMELESSNESS AND LIVING IN THEIR VEHICLES. SERVICES ARE PROVIDED AT VARIOUS CHURCHES IN PIERCE COUNTY WITH A DESIGNATED NUMBER OF SPOTS AT EACH CHURCH. THE SAFE PARKING PROGRAM PROVIDES RESOURCES TO THE CHURCHES AND COORDINATES ACCESS TO IDENTIFIED SERVICES AT EACH LOCATION. SAFE PARKING STAFF ALSO PROVIDE NAVIGATION SERVICES TO CONNECT PEOPLE TO SERVICES THAT WILL MOVE THEM TOWARDS BECOMING HOUSED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $499,196

Program Service Revenue $0

Investment Income $0

Other Revenue $83

TOTAL REVENUE $499,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $385,135

Fundraising Expenses $0

Program Expenses $506,592

Other Expenses $163,814

TOTAL EXPENSES $548,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$499,279	$397,484	+0.3%
Expenses	$548,949	$433,140	+0.3%
Net Income	$-49,670	$-35,656	+0.4%

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

Volunteers

160

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

$85,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL BORDEN	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHRISTINE WILSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RIC ROSE	TREASURER	2.00	Officer Director	$0	$0	$0
AMY SCHWEIM	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA ANDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$72,000	$13,909	$85,909

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
2024	No data	No data	No data	No data
2023	$499,279	$548,949	$611,700	$-49,670
2022	$397,484	$433,140	$579,911	$-35,656
2021	$539,191	$505,605	$662,696	$33,586
2020	$401,434	$178,007	$649,511	$223,427