ASHEVILLE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOMEWARD BOUND OF WESTERN NORTH CAROLINA INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $8.2M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $9.1M exceeded revenue, resulting in a 10% operating deficit.
HOMEWARD BOUND'S MISSION IS TO PREVENT AND END HOMELESSNESS IN OUR COMMUNITY THROUGH PERMANENT HOUSING AND SUPPORT. OUR WORK IS BASED ON THREE BELIEFS OR VALUES: WE BELIEVE IN THE ABSOLUTE VALUE AND WORTH OF EVERY HUMAN BEING, WE BELIEVE THAT HOUSING IS A HUMAN RIGHT, AND WE BELIEVE THAT HOMELESSNESS IS A SOLVABLE PROBLEM. WE KNOW THIS BECAUSE SINCE 2006, WE HAVE HOUSED MORE THAN 2,649 PEOPLE.
HOMEWARD BOUND'S AHOPE DAY CENTER OFFERS AN ARRAY OF HUMAN DIGNITY SERVICES SUCH AS SHOWERS, LAUNDRY FACILITIES, COMPUTER AND INTERNET ACCESS, MAIL SERVICES, LOCKERS FOR PERSONAL BELONGINGS, AND A...
HOMEWARD BOUND'S AHOPE DAY CENTER OFFERS AN ARRAY OF HUMAN DIGNITY SERVICES SUCH AS SHOWERS, LAUNDRY FACILITIES, COMPUTER AND INTERNET ACCESS, MAIL SERVICES, LOCKERS FOR PERSONAL BELONGINGS, AND A MAILING ADDRESS FOR INDIVIDUALS EXPERIENCING HOMELESSNESS. AHOPE ALSO SERVES AS THE GATEWAY TO THE LOCAL COORDINATED ENTRY SYSTEM, WHICH FACILITATES EQUITABLE HOUSING PLACEMENTS BASED ON THE UNIQUE NEEDS OF EVERY INDIVIDUAL. ADDITIONALLY, AHOPE PROVIDES CASE MANAGEMENT SERVICES, ONSITE AND THROUGH STREET OUTREACH, TO LINK INDIVIDUALS EXPERIENCING HOMELESSNESS WITH HOUSING RESOURCES, HEALTHCARE, EMPLOYMENT ASSISTANCE, AND OTHER SUPPORTIVE SERVICES.
HOMEWARD BOUND OPERATES SEVERAL SUPPORTIVE HOUSING PROGRAMS CALLED PERMANENT SUPPORTIVE HOUSING (INCLUDING SCATTERED SITE HOUSING WITH PRIVATE LANDLORDS, PUBLIC HOUSING, WOODFIN APARTMENTS, KEY...
HOMEWARD BOUND OPERATES SEVERAL SUPPORTIVE HOUSING PROGRAMS CALLED PERMANENT SUPPORTIVE HOUSING (INCLUDING SCATTERED SITE HOUSING WITH PRIVATE LANDLORDS, PUBLIC HOUSING, WOODFIN APARTMENTS, KEY COMMONS, AND, AS OF OCTOBER 2023, COMPASS POINT VILLAGE), RAPID REHOUSING AND SERVICES FOR VETERANS, (SUPPORTIVE SERVICES FOR VETERANS AND FAMILIES). EACH OF THESE HOUSING PROGRAMS ARE OPERATED USING A NATIONAL BEST PRACTICE MODEL CALLED HOUSING FIRST. PEOPLE ARE MOVED INTO HOUSING FIRST AND ARE THEN PROVIDED CASE MANAGEMENT SUPPORT SERVICES TO HELP THEM REMAIN IN HOUSING THIS MODEL PROVIDES PEOPLE THE STABILITY THEY NEED IN HOUSING TO BE ABLE TO THEN WORK ON ANY ISSUES THEY MAY HAVE SUCH AS MENTAL HEALTH, SUBSTANCE USE, OR PHYSICAL HEALTH.
THE WELCOME HOME DONATION CENTER IS A PART OF HOMEWARD BOUND'S EFFORTS TO PROVIDE INDIVIDUALS TRANSITIONING OUT OF HOMELESSNESS WITH THE ESSENTIAL ITEMS NEEDED TO CREATE A STABLE HOME ENVIRONMENT...
THE WELCOME HOME DONATION CENTER IS A PART OF HOMEWARD BOUND'S EFFORTS TO PROVIDE INDIVIDUALS TRANSITIONING OUT OF HOMELESSNESS WITH THE ESSENTIAL ITEMS NEEDED TO CREATE A STABLE HOME ENVIRONMENT. THE CENTER ACCEPTS DONATIONS OF FURNITURE, HOUSEHOLD GOODS, AND OTHER ITEMS NECESSARY FOR SETTING UP A NEW HOME. THESE DONATED FURNISHINGS ARE PHYSICALLY MOVED INTO THE NEW HOMES OF INDIVIDUALS AND FAMILIES WHO HAVE SECURED HOUSING. THE WELCOME HOME DONATION CENTER, IN KEEPING WITH HOMEWARD BOUND'S LOWBARRIER SERVICES APPROACH, HELPS MAKE THE TRANSITION FROM HOMELESSNESS TO STABLE HOUSING LESS STRESSFUL AND MORE MANAGEABLE FOR OUR NEIGHBORS IN NEED. IN FY23/24 WE MOVED 213 INDIVIDUALS INTO PERMANENT HOUSING AND/OR DELIVERED FURNISHINGS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,248,183 | $9,777,620 | -0.2% |
| Expenses | $9,089,103 | $7,964,972 | +0.1% |
| Net Income | $-840,920 | $1,812,648 | -1.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MELISSA DUONG | PRESIDENT | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| JO IKELHEIMER | VICE PRESIDE | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| ISAAC ROWLES | TREASURER | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| JORGE REDMOND | SECRETARY | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA WRIGHT | PAST PRESIDE | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| RODRIGO AFANDOR | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| AMBER BANKS | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| DAVID HAMILTON | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| CLAIRE HUBBARD | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| NEELY NEU | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| HEATHER NORTON | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| SHUCHIN SHUKLA | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| MAYUMI STEINS | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| WAYNE SWANTON | BOARD MEMBER | 2.50 |
Director
|
$0 | $0 | $0 |
| CHRIS YOUNGBLOOD | BRD MBER THR | 2.50 |
Director
|
$0 | $0 | $0 |
| KELLY PIERCE | VICE PRES TH | 2.50 |
Officer
Director
|
$0 | $0 | $0 |
| SUSAN JOHNSON | INTERIM FIN | 40.00 |
Officer
|
$76,112 | $4,055 | $80,167 |
| TARA BOESTAN-SMITH | FINANCE DIRE | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,248,183 | $9,089,103 | $23,077,274 | $-840,920 |
| 2023 | $9,777,620 | $7,964,972 | $22,615,245 | $1,812,648 |
| 2022 | $19,270,847 | $7,430,195 | $17,927,827 | $11,840,652 |
| 2021 | $7,947,393 | $6,961,603 | $7,613,383 | $985,790 |
| 2020 | $7,203,984 | $5,621,249 | $4,839,836 | $1,582,735 |
| 2019 | $5,089,084 | $4,797,725 | $2,307,993 | $291,359 |
| 2018 | $5,391,507 | $4,903,377 | $2,034,534 | $488,130 |
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