Homestretch Inc

EIN: 541894391 501(c)(3) Human Services

Falls Church, VA

Total Revenue
$3,781,413
Total Expenses
$3,820,368
Total Assets
$8,859,478
Net Assets
$2,782,837
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
VA
Principal Officer
Barfonce Baldwin
Phone
7032372035
Tax Period
2024-07-01 to 2025-06-30

Homestretch Inc, founded in 1998, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2017.

Mission

Homestretch, Inc. is a community-based nonprofit that supports homeless parents with children in Northern Virginia as they regain their independence, move toward self-sufficiency, and break cycles of poverty for good. Our rigorous two- to three-year program accomplishes this mission by providing trauma-informed safe housing and culturally sensitive comprehensive case management supports that include: workforce readiness training, a financial literacy program featuring debt reduction education and credit repair, tenant education and housing advocacy, and a wide array of services for children including an on-site nursery center and licensed preschool. Since 1990, our mission's goal has been to empower homeless families to secure permanent housing and attain the skills, knowledge and hope they need to achieve permanent self-sufficiency.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,752,339
Program Service Revenue $665,372
Investment Income $43,342
Other Revenue $320,360
TOTAL REVENUE $3,781,413

Expense Breakdown

Grants Paid $540,564
Salaries & Benefits $2,146,501
Fundraising Expenses $186,938
Program Expenses $3,215,366
Other Expenses $1,133,303
TOTAL EXPENSES $3,820,368

Year-over-Year Comparison

2024 2023 Change
Revenue $3,781,413 $3,378,293 +0.1%
Expenses $3,820,368 $3,718,991 +0.0%
Net Income $-38,955 $-340,698 -0.9%
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
15
Independent Members
15
Employees
29
Volunteers
57

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
6
$175,535
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jane Williams Vice Chair 1.00
Officer Director
$0 $0 $0
Mahreen Rashid Chair 1.00
Officer Director
$0 $0 $0
Amy Thorn Treasurer 1.00
Officer Director
$0 $0 $0
Mike Leavitt Secretary 1.00
Officer Director
$0 $0 $0
Mark Bronfman Director 1.00
Director
$0 $0 $0
Bill Landon Director 1.00
Director
$0 $0 $0
Trent Smith Director 1.00
Director
$0 $0 $0
Claudia Flamenco Director 1.00
Director
$0 $0 $0
Scott Adams Director 1.00
Director
$0 $0 $0
John Streeten Director 1.00
Director
$0 $0 $0
Patricia Taylor Director 1.00
Director
$0 $0 $0
Dr Shree Taylor Director 1.00
Director
$0 $0 $0
Bailey Edelson Director 1.00
Director
$0 $0 $0
Bill Fortier Director 1.00
Director
$0 $0 $0
Kerry Morgan Chair Emeritus 1.00
Officer Director
$0 $0 $0
Barfonce Baldwin Executive Director 40.00
Officer
$175,000 $535 $175,535
Brenda Wilks Deputy Director 40.00
Highest
$156,700 $27,122 $183,822
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 $3,781,413 $3,820,368 $8,859,478 $-38,955
2024 $3,378,293 $3,718,991 $9,032,114 $-340,698
2024 $3,378,293 $3,718,991 $9,032,114 $-340,698
2023 $4,528,165 $3,523,205 $9,315,548 $1,004,960
2022 $3,652,803 $3,314,068 $8,185,903 $338,735
2021 $3,616,324 $3,217,418 $8,031,450 $398,906
2020 $3,534,209 $3,153,319 $8,206,968 $380,890
2019 $3,212,805 $3,048,399 $7,556,438 $164,406
2018 $2,708,006 $2,974,139 $7,515,735 $-266,133
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