HOMEWARD BOUND INC

EIN: 411223085 501(c)(3) Human Services

PLYMOUTH, MN

Total Revenue
$20,532,593
Total Expenses
$20,097,379
Total Assets
$12,204,653
Net Assets
$5,572,673
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
MN
Principal Officer
ROBERT EDWARDS
Phone
7635253186
Tax Period
2024-01-01 to 2024-12-31

HOMEWARD BOUND INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $20.5M in total revenue in fiscal year 2024.

Mission

PROVIDING INNOVATIVE AND LIFE-ENRICHING SERVICES FOR CHILDREN, ADOLESCENTS, AND ADULTS WITH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $16,466,785 Revenue: $20,220,551

HOMEWARD BOUND WAS FOUNDED BY FAMILIES IN 1973. FOR OVER 50 YEARS HOMEWARD BOUND HAS PROVIDED QUALITY AND INNOVATIVE SERVICES TO SUPPORT CHILDREN AND ADULTS WITH DISABILITIES IN LEADING MORE...

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HOMEWARD BOUND WAS FOUNDED BY FAMILIES IN 1973. FOR OVER 50 YEARS HOMEWARD BOUND HAS PROVIDED QUALITY AND INNOVATIVE SERVICES TO SUPPORT CHILDREN AND ADULTS WITH DISABILITIES IN LEADING MORE FULFILLING LIVES. WHILE WE SERVE PEOPLE WITH A VARIETY OF DISABILITIES, WE HAVE THE UNIQUE CAPACITY OF MEETING THE NEEDS OF THOSE WITH THE MOST SEVERE AND PROFOUND DISABILITIES. WE PROVIDE 24 HOUR SPECIALIZED NURSING CARE, IN-HOME CARE AND GROUP LIVING ENVIRONMENTS. HOMEWARD BOUND IS A PARTNERSHIP BETWEEN SPIRITED INDIVIDUALS WITH DISABILITIES AND THE CARING PEOPLE COMMITTED TO PROVIDING AN INDIVIDUALIZED, CHALLENGING AND LIFE-AFFIRMING GROWTH EXPERIENCE. WE PROVIDE SUPPORT WHICH VALUES THE COMPETENCE, STRENGTHS AND DESIRES OF EACH INDIVIDUAL. EACH PERSON IS ENCOURAGED AND EMPOWERED TO DEVELOP SKILLS AND CAPABILITIES NEEDED TO INCREASE SELF-RELIANCE AND ENHANCE QUALITY OF LIFE.WE CURRENTLY OPERATE 22 RESIDENTIAL HOMES, AND AN IN-HOME PROGRAM. OUR HOMES SPAN THE COMMUNITIES OF: BROOKLYN PARK, CRYSTAL, GOLDEN VALLEY, HOPKINS, MAPLE GROVE, MINNETONKA, NEW HOPE, PLYMOUTH, ROBBINSDALE AND ST. LOUIS PARK. WE CURRENTLY SERVE 91 PEOPLE, AGES 18 AND UP, FROM A VARIETY OF RACES, RELIGIONS AND ETHNICITIES. OUR MISSION: TO BE THE LEADING PROVIDER OF LIFE-ENRICHING SERVICES FOR CHILDREN AND ADULTS WITH DISABILITIES.WE ACHIEVE THIS BY CONTINUOUSLY IMPROVING THE QUALITY OF SUPPORT SERVICES. THE STAFF WORKS HARD TO MAKE SURE THAT REGARDLESS OF A PERSON'S DISABILITIES, THERE ARE WAYS TO PARTICIPATE AND ENJOY LIFE'S PLEASURES. WE STRIVE TO EXCEED THE EXPECTATIONS OF THE PEOPLE WE SERVE AND THEIR FAMILIES BY FINDING BETTER WAYS OF DELIVERING CARE, HOUSING AND PROGRAMMATIC SERVICES.SERVICES WE PROVIDE: *RESIDENTIAL HOUSING SUPPORT: SPECIALLY DESIGNED HOMES TO MEET THE NEEDS OF INDIVIDUALS WITH DISABILITIES. OUR WELL-TRAINED SUPPORT PROFESSIONALS HELP CHILDREN AND ADULTS WITH DISABILITIES DEVELOP AND ACHIEVE GOALS IN ALL LIFE AREAS USING SOPHISTICATED PROGRAMMING. WE OFFER 24/7, 365 DAY SUPPORT IN ALL OUR HOMES. *EDUCATION AND OUTREACH: HOMEWARD BOUND REACHES OUT TO THE COMMUNITY AS A WHOLE THROUGH INFORMATIONAL SPEAKING EVENTS, COMMUNITY ACTIVITIES AND PRESENTATIONS ABOUT DEVELOPMENT DISABILITIES TO EDUCATE THE PUBLIC ABOUT DISABILITIES AND AVAILABLE SUPPORT PROGRAMS.COMMUNITY ACTIVITIES WE OFFER:HOMEWARD BOUND STRIVES TO CONNECT CHILDREN AND ADULTS OF ALL MENTAL AND PHYSICAL ABILITIES TO THE ARTS, MUSIC, NATURE AND OTHER COMMUNITY INVOLVEMENT ACTIVITIES. *ART-ABILITIES: AN ART SHOW AT HENNEPIN COUNTY LIBRARY FEATURING ARTWORK REPRESENTING OVER 6,500 MINNESOTANS WITH DISABILITIES. THIS YEAR ARTWORK CREATED BY INDIVIDUALS AT HOMEWARD BOUND IS ON DISPLAY AT RIDGEDALE LIBRARY IN OCTOBER. *MADE IN THE SHADE: A NON-COMPETITIVE WALK, RUN OR ROLL EVENT AROUND LAKE CALHOUN. HOMEWARD BOUND COORDINATES THIS EVENT WITH SIX OTHER NONPROFITS WITH SIMILAR SERVICES TO CHILDREN AND ADULTS WITH DISABILITIES. THIS IS A GREAT WAY FOR THE INDIVIDUALS IN OUR HOMES TO GET OUT INTO THE COMMUNITY AND ENJOY A DAY OUTSIDE. *HOMEWARD BOUND GOLF CLASSIC: 2025 WILL BE OUR 29TH ANNUAL GOLF EVENT, HELD AT MINNESOTA VALLEY COUNTRY CLUB IN BLOOMINGTON. MANY LARGE AREA CORPORATIONS SUPPORT THIS EVENT AND HAVE FORMED WONDERFUL PARTNERSHIPS WITH HOMEWARD BOUND.**COMPETITIVE CHILI COOK-OFF: A COMMUNITY STYLE EVENT INVOLVING SUPPORTERS, RESIDENTS, FAMILIES AND STAFF ALL COMPETING TO WIN THE GOLDEN CHILI POT PRIZE. ATTENDEES PAY AN ENTRY FEE TO TASTE A VARIETY OF CHILI, VOTE FOR THEIR FAVORITE CHILI AND BUY ADDITIONAL VOTES, DONATE AND BID ON SILENT AUTION ITEMS, AND MAKE OTHER ONSITE CONTRIBUTIONS. BUSINESS AND GROUPS SPONSOR THE EVENT. PROCEEDDS FROM THE EVENT BENEFIT AN HBI INITIATIVE

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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 (2024)

Revenue Breakdown

Contributions & Grants $202,935
Program Service Revenue $20,220,551
Investment Income $109,107
Other Revenue $0
TOTAL REVENUE $20,532,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,866,899
Fundraising Expenses $171,787
Program Expenses $16,466,785
Other Expenses $3,230,480
TOTAL EXPENSES $20,097,379

Year-over-Year Comparison

2024 2023 Change
Revenue $20,532,593 $19,103,964 +0.1%
Expenses $20,097,379 $19,965,653 +0.0%
Net Income $435,214 $-861,689 -1.5%
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
12
Independent Members
12
Employees
394
Volunteers
97

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
8
$361,398
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RYAN SHERWOOD CHAIR 1.00
Officer Director
$0 $0 $0
KEVIN RYMANOWSKI VICE CHAIR/CHAIR OF GOVERNANCE 1.00
Officer Director
$0 $0 $0
PAUL CHERMAK TREASURER 0.50
Officer Director
$0 $0 $0
TERRY SEVERNS- WILLIAMS SECRETARY/ CHAIR OF QUALITY 0.50
Officer Director
$0 $0 $0
WOLFGANG GRIENER CHAIR OF INVESTMENT 0.50
Officer Director
$0 $0 $0
MARY YSTESUND DIRECTOR 0.50
Director
$0 $0 $0
JAN MOSER DIRECTOR 0.50
Director
$0 $0 $0
ANDREA NELSON DIRECTOR 0.50
Director
$0 $0 $0
PAT HURLEY DIRECTOR 0.50
Director
$0 $0 $0
JIM SCHAEFER DIRECTOR 0.50
Director
$0 $0 $0
JACK MCCLURE DIRECTOR 0.50
Director
$0 $0 $0
TALIA PLETCHER DIRECTOR 0.50
Director
$0 $0 $0
ROBERT EDWARDS CEO 40.00
Officer
$158,459 $9,409 $167,868
DONALD PRIEBE CEO - PART YEAR 40.00
Officer
$67,597 $5,525 $73,122
THERESA BLUHM DIRECTOR OF FINANCE & PROPERTY 40.00
Officer
$104,838 $15,570 $120,408
RICHARD GETONTO NURSE 40.00
Highest
$183,865 $9,585 $193,450
CONCEPHTOR NYAKEYO NURSE 40.00
Highest
$183,018 $10,847 $193,865
WYCKLIF OGOTI PROGRAM MANAGER/RNCM- NURSE 40.00
Highest
$185,610 $11,135 $196,745
TEAH GELEPLAY NURSE 40.00
Highest
$171,757 $13,310 $185,067
VINCENT MAGETO NURSE 40.00
Highest
$165,445 $506 $165,951
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 $20,532,593 $20,097,379 $12,204,653 $435,214
2023 $19,103,964 $19,965,653 $11,781,534 $-861,689
2022 $21,134,110 $20,564,728 $10,092,679 $569,382
2021 $20,805,285 $19,497,071 $9,682,680 $1,308,214
2020 $17,501,323 $18,520,973 $10,697,858 $-1,019,650
2019 $15,994,700 $16,488,325 $9,419,495 $-493,625
2018 $15,885,980 $15,619,868 $10,064,054 $266,112
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