Homeward Bound of Marin

EIN: 680011405 501(c)(3) Housing & Shelter

Novato, CA

Total Revenue
$22,703,800
Total Expenses
$16,923,777
Total Assets
$62,487,094
Net Assets
$50,656,572
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
CA
Principal Officer
Paul Fordham
Phone
4153823363
Tax Period
2023-07-01 to 2024-06-30

Homeward Bound of Marin, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.7M in total revenue in fiscal year 2023. The organization ran a surplus of $5.8M, a strong 25% operating margin.

Mission

Homeward Bound is the main provider of emergency shelter, supportive housing and services for people overcoming a crisis of homelessness in Marin County, California. Our mission of "opening doors to safety, dignity, hope, and independence," is underscored by a vision that "everyone deserves a place to call home." We offer shelter, housing and supportive housing through 19 residential programs, in addition to an award-winning culinary job training program and an array of successful mission-driven businesses.

Program Service Accomplishments

Program 1
Expenses: $7,917,255

Adult Program Services - Homeward of Marin provides shelter and housing for adults overcoming homelessness in Marin through residential programs ranging from emergency shelter to permanent supportive...

Read more

Adult Program Services - Homeward of Marin provides shelter and housing for adults overcoming homelessness in Marin through residential programs ranging from emergency shelter to permanent supportive housing. In the past year, Homeward Bound of Marin served 736 adults, including 53 veterans, and 63% transitioned to housing opportunities. There remained a strong demand for the innovative program for adults leaving hospital care without stable housing, resulting in 99 people receiving medical respite services, up almost 14% from the prior year. 224 adults received enhanced care plans with support from the State of Californias CalAIM initiative, which coordinates care more closely with medical providers while using blood pressure checks, nutrition check-ins, and other strategies. Homeward Bound continues to support vulnerable adults in shelter and supportive housing who face food insecurity by preparing and distributing over 15,000 meals a month to ensure their nutrition needs are met. In addition, 24 newly completed units of veterans housing and 26 apartments for people working in the community will expand capacity to end veteran homelessness in Marin and assist more adults to end homelessness in their lives.

Program 2
Expenses: $3,154,526

Job Training and Social Enterprise Program - Homeward Bound offers the only free culinary arts training and job creation program in Marin County specifically designed to help homeless and low-income...

Read more

Job Training and Social Enterprise Program - Homeward Bound offers the only free culinary arts training and job creation program in Marin County specifically designed to help homeless and low-income individuals overcome barriers to employment. Since 2001, Homeward Bound has helped over 1,000 people launch their careers through the Fresh Starts Culinary Academy. In addition, innovative social enterprise businesses provide a source of income and ongoing skill-building for Fresh Starts graduates and other low-income job seekers. Last year, 81 people built their career prospects though job training and supportive employment at Homeward Bound. An expanded job-training center will open in 2025 to provide more training and job opportunities for people who are exiting homelessness and poverty and advancing their careers.

Program 3
Expenses: $2,008,338

Family Program Services - Homeward Bound has operated the only shelter in Marin County for homeless families since 1974, along with seven permanent supportive family housing programs. Families...

Read more

Family Program Services - Homeward Bound has operated the only shelter in Marin County for homeless families since 1974, along with seven permanent supportive family housing programs. Families continued seeking support last year with a total of 115 parents and 130 children receiving services. Many faced challenges beyond housing needs, including domestic violence, chronic health conditions, and mental health needs. Given the particular struggles of young parents, a new program launched to serve the needs of people aged 18 to 26 who head a household with children. Families engaged in this program are building lasting resilience to break the cycle of homelessness. Overall last year, 81% of families served by Homeward Bound left for housing opportunities

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $19,874,968
Program Service Revenue $2,616,725
Investment Income $212,107
Other Revenue $0
TOTAL REVENUE $22,703,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,130,240
Fundraising Expenses $864,829
Program Expenses $14,968,785
Other Expenses $7,793,537
TOTAL EXPENSES $16,923,777

Year-over-Year Comparison

2023 2022 Change
Revenue $22,703,800 $22,612,287 +0.0%
Expenses $16,923,777 $15,297,135 +0.1%
Net Income $5,780,023 $7,315,152 -0.2%
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

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
172
Volunteers
14

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
7
$508,228
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Kay Sweeney Co-CEO 40.00
Officer
$212,469 $178 $212,647
Anna Hurtado Dir Support Serv 40.00
$202,277 $7,030 $209,307
Paul Fordham CEO 40.00
Officer
$192,983 $8,377 $201,360
LaSaunda Tate Dir Housing & Oper 40.00
$194,228 $6,855 $201,083
Corry-Ann Kanzenberg Dir Develop 40.00
$134,050 $6,503 $140,553
Eulalia Callero Human Resorces Mgr 40.00
$105,531 $879 $106,410
Kevin Judd Dir of Finance 40.00
Officer
$94,221 $0 $94,221
Bob Puett President 4.00
Officer Director
$0 $0 $0
Dianne Snedaker Vice President 2.00
Officer Director
$0 $0 $0
Sonia Seeman Secretary 2.00
Officer Director
$0 $0 $0
Elvira Echevarria Treasurer 2.00
Officer Director
$0 $0 $0
Sister Carla Kovack Director 2.00
Director
$0 $0 $0
Nancy Culhane Director 2.00
Director
$0 $0 $0
Cynthia Williams Director 2.00
Director
$0 $0 $0
Anita Jones Roehrick Director 2.00
Director
$0 $0 $0
Sheri Joseph Director 2.00
Director
$0 $0 $0
Liz Saint John Director 2.00
Director
$0 $0 $0
Lynes Downing Director 2.00
Director
$0 $0 $0
Jim Snipes Director 2.00
Director
$0 $0 $0
Nicole Bartolini Director 2.00
Director
$0 $0 $0
Marion Weinreb Director 2.00
Director
$0 $0 $0
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 No data No data No data No data
2024 $22,703,800 $16,923,777 $62,487,094 $5,780,023
2023 $22,612,287 $15,297,135 $54,062,029 $7,315,152
2022 $20,804,885 $11,346,349 $46,962,235 $9,458,536
2021 $18,547,153 $11,005,750 $31,503,117 $7,541,403
2020 $14,637,683 $9,730,390 $25,243,973 $4,907,293
2019 $9,787,984 $8,684,030 $19,178,054 $1,103,954
2018 $8,428,395 $7,964,500 $17,990,012 $463,895
Explore More Nonprofits
Top 100 Nonprofits in California Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Homeward Bound of Marin with other nonprofits in California and across the country.