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Homestretch Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541894391 ✦ Falls church, VA ✦ Designated as a 501(c)(3)

Overview

What is Homestretch Inc?

Homestretch Inc, situated in Falls Church, Virginia, is a nonprofit organization dedicated to aiding homeless families with children. They offer transitional housing assistance through rent, utilities, and expenses, as well as life skills training. The organization also provides essentials such as kitchen furnishings, household furniture, and supplies, obtained through community donations. Homestretch, Inc. currently assists an average of 52 families at any given time, utilizing various housing models including transitional housing, permanent supportive housing, transitioning-in-place, and affordable housing for low-income families. The organization's mission is to help these families secure housing and self-sufficiency.


Official website here: www.homestretchva.org

Is Homestretch Inc legitimate?

Homestretch Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homestretch Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $166,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,297,428

For more financial information, click here


Official website here: www.homestretchva.org

What is the mission statement of Homestretch Inc?

Homestretch Inc, as an organization, is committed to aiding homeless families with children in achieving housing stability and self-sufficiency. Through their mission, they offer various forms of temporary housing assistance and life-skills training to these families. This includes covering rent, utilities, and other expenses, as well as providing essential items such as kitchen furnishings and household furniture. Homestretch, Inc. serves an average of 52 families at a time, utilizing a mix of housing models including transitional housing, permanent supportive housing, transitioning-in-place, and affordable housing for low-income families. Their goal is to help these families regain their independence and build a stable future.


Official website here: www.homestretchva.org

Who is the CEO of Homestretch Inc?

Christopher Fay is the President of Homestretch Inc.


Official website here: www.homestretchva.org

What is the revenue of Homestretch Inc?

Homestretch Inc's revenue in 2022 was $3,652,803.


Official website here: www.homestretchva.org

Who are the executives of Homestretch Inc and what are their salaries?

The average compensation at Homestretch Inc during 2022 was $52,292. There are 28 employees at Homestretch Inc.

Here are 18 key members and their salaries:

    Christopher Fay (Executive Director)
  • Compensation: $130,491
  • Related: $0
  • Other: $19,842

    • Brenda Wilks (Deputy Director)
  • Compensation: $120,436
  • Related: $0
  • Other: $18,769

    • Patricia Tetro (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Bronfman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Leavitt (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bill Landon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Long (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jp Hong (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kerry Morgan (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Thorn (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lasharen Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Pincombe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Trent Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Streeten (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mahreen Rashid (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katherine Sheffield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Quill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Colleen Barton Sutton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.homestretchva.org

    Where can I find the form 990 for Homestretch Inc?

    The Homestretch Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.homestretchva.org

    Learn more at the official website: www.homestretchva.org

    Mission Statement of Homestretch Inc

    Homestretch Inc, a non-profit organization, is committed to assisting homeless families with children in securing permanent housing and achieving self-sufficiency. The organization accomplishes this mission by offering various types of temporary housing assistance and providing life-skills training. Homestretch, Inc. provides essential support to families in need by covering rent, utilities, and other expenses, enabling them to focus on improving their lives. Furthermore, the organization offers kitchen furnishings, household furniture, and supplies, sourced from donations in the community.

    At any given time, Homestretch Inc serves approximately 52 families, employing a combination of housing models. These models include transitional housing, permanent supportive housing, transitioning-in-place, and affordable housing for low-income families. By utilizing these housing solutions, Homestretch Inc aims to empower families, helping them build a solid foundation for a better future. The organization's comprehensive approach to addressing homelessness not only provides families with temporary housing assistance but also equips them with the necessary life skills to achieve long-term self-sufficiency.

    Impact

    This information is meant to be a general summary of Homestretch Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Homestretch Inc's impact can be seen in the tangible difference it makes in the lives of homeless families with children. By providing transitional housing assistance, rent and utilities support, life skills training, and essential household items, Homestretch helps these families secure housing and attain self-sufficiency. With an average of 52 families benefiting from their services at any given time, through various housing models, Homestretch plays a crucial role in addressing homelessness and supporting low-income families in Falls Church, VA.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,481
  • Program Service Revenue: $563,743
  • Gross Receipts: $3,745,571

    • Assets and Liabilities:
  • Total Assets: $8,185,903
  • Total Liabilities: $6,195,493
  • Net Assets: $1,990,410
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Client payments

    Revenue

    $151,468

    Kidstretch fees

    Revenue

    $150,946

    Project based vouchers

    Revenue

    $103,670

    HCV income

    Revenue

    $87,049

    Other housing payments

    Revenue

    $70,610

    Organization Details

    Founding Year

    1998

    Principal Officer

    Christopher Fay

    Main Address

    303 South Maple Avenue 400, Falls Church, VA, 22046

    NTEE Category

    Code: P20 - Human services

    If you are a representative of Homestretch Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.