Homestretch Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

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 $3.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

The Organization provides various types of temporary housing assistance and life-skills training to homeless families with children.

Program Service Accomplishments

Program 1

Expenses: $2,899,992 Revenue: $525,590

Homestretch provided transitional housing assistance to needy families with children in the form of rent, utilities, expenses and life skills training. Homestretch also provided kitchen furnishings, household furniture and supplies, on a pass-through basis, as items are donated by the community at large. Homestretch, Inc. continues to serve an average of 50 families at any point in time, using a combination of housing models including transitional housing, permanent supportive housing, transitioning-in-place, and affordable housing for low-income families.

Program 2

Expenses: $315,374 Revenue: $151,322

Kidstretch is a Virginia Preschool Initiative (VPI) classroom and serves as the early childhood education component of Homestretch. Our goal at Kidstretch is to ensure high quality preschool...

Kidstretch is a Virginia Preschool Initiative (VPI) classroom and serves as the early childhood education component of Homestretch. Our goal at Kidstretch is to ensure high quality preschool programming that supports school readiness for three- to five-year olds. As a VPI classroom, Kidstretch also provides child screenings for hearing, vision, developmental, dental, and mental health.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$175,535

Total Directors

Key Employees

Highest Compensated

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