HOMEWARD BOUND

EIN: 860660875 501(c)(3) Housing & Shelter

PHOENIX, AZ

Total Revenue
$4,580,933
Total Expenses
$4,677,083
Total Assets
$4,398,944
Net Assets
$3,269,471
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AZ
Principal Officer
HEATHER JOSOWITZ-ALLEN
Phone
6022637654
Tax Period
2022-07-01 to 2023-06-30

HOMEWARD BOUND, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2022.

Mission

DEDICATED TO MEETING EACH FAMILY'S UNIQUE NEEDS ON THEIR JOURNEY HOME.

Program Service Accomplishments

Program 1
Expenses: $3,744,199 Revenue: $261,843

TRANSITIONAL AND EMERGENCY HOUSING FOR LOW INCOME FAMILIES PROVIDES CASE MANAGEMENT AND SUPPORT SERVICES TO 303 RESIDENTIAL CLIENTS. STRONG FOUNDATIONS EARLY LEARNING CENTER A STATE LICENSED CENTER...

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TRANSITIONAL AND EMERGENCY HOUSING FOR LOW INCOME FAMILIES PROVIDES CASE MANAGEMENT AND SUPPORT SERVICES TO 303 RESIDENTIAL CLIENTS. STRONG FOUNDATIONS EARLY LEARNING CENTER A STATE LICENSED CENTER WHICH PROVIDES CARE SERVICES FOR CHILDREN OF THE TRANSITIONAL AND EMERGENCY HOUSING PROGRAM AND FAMILIES IN THE SURROUNDING COMMUNITY FOR AGES INFANT TO 5 YEARS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,272,980
Program Service Revenue $251,477
Investment Income $82,662
Other Revenue $-26,186
TOTAL REVENUE $4,580,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,072,237
Fundraising Expenses $423,381
Program Expenses $3,744,199
Other Expenses $1,579,646
TOTAL EXPENSES $4,677,083

Year-over-Year Comparison

2022 2021 Change
Revenue $4,580,933 $4,450,095 +0.0%
Expenses $4,677,083 $4,211,835 +0.1%
Net Income $-96,150 $238,260 -1.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
19
Independent Members
18
Employees
68
Volunteers
616

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
4
$124,814
Total Directors
20
$124,814
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WHITNEY SILENCE CHIEF EXECUTIVE OFFICER 40.00
Officer Director
$124,558 $256 $124,814
NATHAN CABBIL CHAIRMAN 2.00
Officer Director
$0 $0 $0
ANNABEL WHITING VICE CHAIR/SECRETARY 2.00
Officer Director
$0 $0 $0
BRIAN MILLER TREASURER 2.00
Officer Director
$0 $0 $0
GINNY HIRSCHEY DEVELOPMENT CHAIR 2.00
Director
$0 $0 $0
MICHELE BERG BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE FRIEDLY BOARD MEMBER 1.00
Director
$0 $0 $0
BARBARA GOULD BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER HADLEY CATERO BOARD MEMBER 1.00
Director
$0 $0 $0
CHANELLE ISON BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY MARKHAM BOARD MEMBER 1.00
Director
$0 $0 $0
LUIS MARQUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
LARISSA PEARCE BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH PEARSON BOARD MEMBER 1.00
Director
$0 $0 $0
PATTY SAPP THROUGH APRIL 2023 BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE SCHECHNER BOARD MEMBER 1.00
Director
$0 $0 $0
TODD TAYLOR BOARD MEMBER 1.00
Director
$0 $0 $0
SUZANNE TREVINO BOARD MEMBER 1.00
Director
$0 $0 $0
LAYLA VILLASENOR BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN WELLS BOARD MEMBER 1.00
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 No data No data No data No data
2023 $4,580,933 $4,677,083 $4,398,944 $-96,150
2022 $4,450,095 $4,211,835 $4,844,837 $238,260
2021 $2,679,356 $3,454,421 $5,543,799 $-775,065
2020 $3,537,948 $4,248,044 $6,088,802 $-710,096
2019 $6,105,259 $4,281,753 $6,506,871 $1,823,506
2018 $4,357,553 $3,979,171 $5,048,899 $378,382
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