Civic Intelligence

Heading Home

990 • Fiscal year 2015 • EIN 20-1917517

Jul 01, 2014 to Jun 30, 2015 • Filed on May 09, 2016

715 Candelaria NEAlbuquerque, NM 87107

(505) 344-2645

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.14x

Higher debt load relative to assets than 29% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

22nd percentile

0.20x

Higher debt load relative to revenue than 22% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Net Margin

55th percentile

-1.2%

Higher net margin than 55% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

66th percentile

$98,416

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

68th percentile

-0.1%

Faster asset growth than 68% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

29th percentile

-1.2%

Faster revenue growth than 29% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$3,376,810

Down $1,837 (-0.1%) from 2014

Net Assets

Down

$2,903,448

Down $28,417 (-1.0%) from 2014

Liabilities

Up

$473,362

Up $26,580 (+5.9%) from 2014

Revenue

Down

$2,360,501

Down $28,240 (-1.2%) from 2014

Expenses

Up

$2,389,398

Up $792,437 (+50%) from 2014

Net Income

Down

-$28,897

Down $820,677 (-104%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $1,459,430Liabilities 2011: $484,121Net Assets 2011: $975,3092011Assets 2012: $1,579,248Liabilities 2012: $522,922Net Assets 2012: $1,056,3262012Assets 2013: $2,781,186Liabilities 2013: $641,652Net Assets 2013: $2,139,5342013Assets 2014: $3,378,647Liabilities 2014: $446,782Net Assets 2014: $2,931,8652014Assets 2015: $3,376,810Liabilities 2015: $473,362Net Assets 2015: $2,903,4482015Assets 2016: $3,468,176Liabilities 2016: $528,625Net Assets 2016: $2,939,5512016Assets 2017: $3,538,053Liabilities 2017: $604,636Net Assets 2017: $2,933,4172017Assets 2018: $3,452,823Liabilities 2018: $536,706Net Assets 2018: $2,916,1172018Assets 2019: $3,177,376Liabilities 2019: $531,327Net Assets 2019: $2,646,0492019Assets 2020: $3,626,911Liabilities 2020: $575,946Net Assets 2020: $3,050,9652020Assets 2021: $3,839,726Liabilities 2021: $764,681Net Assets 2021: $3,075,0452021Assets 2022: $5,151,994Liabilities 2022: $573,746Net Assets 2022: $4,578,2482022Assets 2023: $7,857,978Liabilities 2023: $802,281Net Assets 2023: $7,055,6972023Assets 2024: $5,833,389Liabilities 2024: $393,844Net Assets 2024: $5,439,5452024

Highlighted filing

2015

Assets$3,376,810
Liabilities$473,362
Net Assets$2,903,448

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $818,3822011Revenue 2012: $1,071,745Expenses 2012: $990,728Net Income 2012: $81,0172012Expenses 2013: $1,262,9302013Revenue 2014: $2,388,741Expenses 2014: $1,596,961Net Income 2014: $791,7802014Revenue 2015: $2,360,501Expenses 2015: $2,389,398Net Income 2015: -$28,8972015Revenue 2016: $3,482,131Expenses 2016: $3,445,810Net Income 2016: $36,3212016Revenue 2017: $3,853,374Expenses 2017: $3,859,508Net Income 2017: -$6,1342017Revenue 2018: $5,062,238Expenses 2018: $5,079,538Net Income 2018: -$17,3002018Revenue 2019: $4,702,575Expenses 2019: $4,972,643Net Income 2019: -$270,0682019Revenue 2020: $6,249,655Expenses 2020: $5,844,739Net Income 2020: $404,9162020Revenue 2021: $7,660,261Expenses 2021: $7,636,181Net Income 2021: $24,0802021Revenue 2022: $9,962,653Expenses 2022: $8,446,872Net Income 2022: $1,515,7812022Revenue 2023: $14,798,025Expenses 2023: $12,165,840Net Income 2023: $2,632,1852023Revenue 2024: $12,971,591Expenses 2024: $13,852,908Net Income 2024: -$881,3172024

Highlighted filing

2015

Revenue$2,360,501
Expenses$2,389,398
Net Income-$28,897
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 9, 2016
Return Version
2014v6.0
Gross Receipts
$2,390,376
Mission and Program Overview

Mission

The stated purpose of heading home is to make the experience of homelessness rare, short-lived and nonrecurring. It accomplishes its mission through operation of six programs that provide emergency housing, transitional services and permanent housing for homeless populations.

The stated purpose of heading home is to provide affordable housing and services to homeless people in new mexico. Mhp operates the albuquerque opportunity center which provides emergency housing, permanent housing transition services, and vocational training for homeless populations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,853,932$2,764,229▼ $89,703
Pledges and Grants Receivable$348,457$351,129▲ $2,672
Savings and Temporary Cash Investments$63,243$135,184▲ $71,941
Cash and Non-Interest-Bearing Accounts$63,024$89,824▲ $26,800
Prepaid Expenses and Deferred Charges$49,991$25,295▼ $24,696
Investments in Publicly Traded Securities-$11,149-
Total Assets$3,378,647$3,376,810▼ $1,837
Liabilities
Mortgage Notes Payable Secured by Investment Property$350,350$323,740▼ $26,610
Accounts Payable and Accrued Expenses$96,432$149,622▲ $53,190
Total Liabilities$446,782$473,362▲ $26,580
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$2,200,974-
Unrestricted Net Assets$2,931,865$694,069▼ $2,237,796
Permanently Rstr Net Assets-$8,405-
Total Net Assets Fund Balance$2,931,865$2,903,448▼ $28,417
Total Liabilities and Net Assets / Fund Balance$3,378,647$3,376,810▼ $1,837

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,469,940$409,019$2,878,959
Land$234,785-$234,785
Equipment$59,504$133,815$193,319

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$10,491$513▲ $145-$11,149
2013$6,892$3,000▲ $599-$10,491
2012$4,994$1,507▲ $391-$6,892
2011-$4,994--$4,994
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dennis PlummerChief ExecutFT$94,112$4,304$98,416

Board Members and Trustees

NameTitle
Daniel MackePresident (c
Ken JonesPresident (c
Denise LeonardiDirector
Ian EsquibelDirector
Laurel NesbittDirector
Robin Dozier OttenDirector
Trey HammondDirector
Shirley RichSecretary
Ray ZilerTreasurer
Sandi HazlettVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,945,986
Program Service Revenue
$376,597
Investment Income
$1,212
Other Revenue
$36,706
All Other Contributions
$249,521
Change in Net Assets
$-28,897

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,360,501
Revenue Not Reported on Form 990
$6,322
Total Revenue per Audited Statements
$2,366,823
Total Revenue per Form 990
$2,360,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,117,409
Other Expenses$1,003,156
Grants and Similar Amounts Paid$268,833
Total Fundraising Expense$200,320
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$751,843$49,252$67,219$868,314
Fees for Services Other$308,034$3,296$1,272$312,602
Grants to Domestic Individuals$268,833--$268,833
Depreciation Depletion$75,016$25,005$25,005$125,026
Office Expenses$107,319$12,319$4,649$124,287
Occupancy$88,876$17,540$17,492$123,908
Current Officers, Directors, Trustees, and Key Employees$40,351$35,307$25,220$100,878
Fees for Services Accounting$31,799$37,365$10,335$79,499
Other Employee Benefits$64,982$6,048$6,916$77,946
Payroll Taxes$57,162$6,345$6,764$70,271
Travel$29,498$2,263$2,007$33,768
Advertising$4,177$691$26,395$31,263
Insurance$23,045$2,218-$25,263
Information Technology$6,319$7,425$2,054$15,798
Other Expenses$9,838$2,777$404$12,615
All Other Expenses$2,934$4,696$1,266$8,896
Interest-$6,391-$6,391
Conferences and Meetings$1,691$1,477$1,491$4,659
Fees for Services Legal$63$73$20$156
Total Functional Expenses$1,965,755$223,323$200,320$2,389,398

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,395,240
Expenses per Audited Statements$2,389,398
Total Expenses per Form 990$2,389,398
Expenses Not Reported on Form 990$5,842
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$66,581
Fundraising Direct Expenses$29,875
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Casa Ball Swing$66,581$66,581$28,436$38,145
Total Events$66,581$66,581$29,875$36,706
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The board of directors receives and reviews a copy of the 990 prior to submission to the irs.

Form 990, Page 6, Part VI, Line 12C

Board members, management, and staff are required to engage in self monitoring activities and to report any potential conflict of interest immediately upon discovery.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves the compensation levels for management as part of the annual budgeting process.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon written request and appear on guidestar and the organization's website.

Filing and Contact Details

Filer

Filer Name
Heading Home
EIN
20-1917517
Phone
5053442645
Address
715 CANDELARIA NE, ALBUQUERQUE, NM 87107

Signing Officer

Name
Dennis Plummer
Title
Executive Director
Phone
5053442645
Signed
2016-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Plummer
Formed
2004
Legal Domicile
Nm
Voting Board Members
10
Independent Board Members
10
Employees
48
Volunteers
88

Preparer

Firm
Loftis Group LLC
Address
6721 ACADEMY RD NE STE D, ALBUQUERQUE, NM 87109-3370
Preparer
Armando Sanchez
Phone
5052935009
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The stated purpose of heading home is to provide affordable housing and services to homeless people in new mexico. Mhp operates the albuquerque opportunity center which provides emergency housing, permanent housing transition services, and vocational training for homeless populations.

Form 990, Page 1, Part I, Line 6

These volunteers contributed 4,972 hours of time.

Form 990, Part IX, Line 11G

Other 308,034 3,296 1,272

Financial Statement Notes

Schedule D, Page 3, Part X

Heading home is exempt from state and federal income tax under section 501 (c)(3) of the internal revenue code (irc) and has been classified by the internal revenue service (irs) as an organization that is not a private foundation. Accounting principles generally accepted in the united states of america require heading home to evaluate tax positions taken or expected to be taken and recognize a tax liability if heading home has taken an uncertain tax position that more likely than not would not be sustained upon examination by the irs. Management has analyzed the tax positions taken by heading home, and has concluded that as of june 30, 2015 and 2014, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. Heading home is subject to routine audits by taxing jurisdictions; however there are currently no audits for any tax periods in progress. Heading home's open tax period are for the years ended june 30, 2013 and thereafter.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT (C
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/MissionDesc0THE STATED PURPOSE OF HEADING HOME IS TO PROVIDE AFFORDABLE HOUSING AND SERVICES TO HOMELESS PEOPLE IN NEW MEXICO. MHP OPERATES THE ALBUQUERQUE OPPORTUNITY CENTER WHICH PROVIDES EMERGENCY HOUSING, PERMANENT HOUSING TRANSITION SERVICES, AND VOCATIONAL TRAINING FOR HOMELESS POPULATIONS.
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HEADING HOME IS EXEMPT FROM STATE AND FEDERAL INCOME TAX UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND HAS BEEN CLASSIFIED BY THE INTERNAL REVENUE SERVICE (IRS) AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE HEADING HOME TO EVALUATE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN AND RECOGNIZE A TAX LIABILITY IF HEADING HOME HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY HEADING HOME, AND HAS CONCLUDED THAT AS OF JUNE 30, 2015 AND 2014, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. HEADING HOME IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. HEADING HOME'S OPEN TAX PERIOD ARE FOR THE YEARS ENDED JUNE 30, 2013 AND THEREAFTER.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.83$0.39$5.44$13.0$13.9$0.88
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.86$0.80$7.06$14.8$12.2$2.63
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.15$0.57$4.58$9.96$8.45$1.52
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.84$0.76$3.08$7.66$7.64$0.02
2020Detailed filing. Detailed filing data is available for this year.$3.63$0.58$3.05$6.25$5.84$0.40
2019Detailed filing. Detailed filing data is available for this year.$3.18$0.53$2.65$4.70$4.97$0.27
2018Detailed filing. Detailed filing data is available for this year.$3.45$0.54$2.92$5.06$5.08$0.02
2017Detailed filing. Detailed filing data is available for this year.$3.54$0.60$2.93$3.85$3.86$0.01
2016Detailed filing. Detailed filing data is available for this year.$3.47$0.53$2.94$3.48$3.45$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.38$0.47$2.90$2.36$2.39$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.38$0.45$2.93$2.39$1.60$0.79
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.78$0.64$2.14$1.26
2012Summary only. Only limited summary data is available for this year.$1.58$0.52$1.06$1.07$0.99$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.48$0.98$0.82