Civic Intelligence

Homeless Solutions Inc

EIN 22-2491675 • 501(c)3 • Cedar Knolls, NJ

Profile

Homeless solutions provides a hand up, not a handout. We empower those who are homeless and at risk of homelessness in morris county to attain housing stability. Through comprehensive support, including shelter, affordable housing, and a range of services, we collaborate with individuals and families who are committed to achieving their goal of self-sustainability.

3 Wing Drive 245Cedar Knolls, NJ 07927

www.homelesssolutions.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.37x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

84th percentile

1.31x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

19th percentile

-8.7%

Higher net margin than 19% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

24th percentile

-2.1%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-5.7%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$23,520,088

Down $511,630 (-2.1%) from 2023

Liabilities

Down

$8,637,245

Down $205,934 (-2.3%) from 2023

Net Assets

Down

$14,882,843

Down $305,696 (-2.0%) from 2023

Revenue

Down

$6,569,497

Down $394,053 (-5.7%) from 2023

Expenses

Up

$7,140,141

Up $638,619 (+9.8%) from 2023

Net Income

Down

-$570,644

Down $1,032,672 (-224%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $14,336,153Liabilities 2011: $4,051,737Net Assets 2011: $10,284,4162011Assets 2012: $15,550,553Liabilities 2012: $5,623,515Net Assets 2012: $9,927,0382012Assets 2013: $19,824,517Liabilities 2013: $6,402,486Net Assets 2013: $13,422,0312013Assets 2014: $21,412,939Liabilities 2014: $6,337,756Net Assets 2014: $15,075,1832014Assets 2015: $21,256,626Liabilities 2015: $6,442,831Net Assets 2015: $14,813,7952015Assets 2016: $20,571,744Liabilities 2016: $6,384,947Net Assets 2016: $14,186,7972016Assets 2017: $21,018,422Liabilities 2017: $7,161,581Net Assets 2017: $13,856,8412017Assets 2018: $20,791,353Liabilities 2018: $6,834,186Net Assets 2018: $13,957,1672018Assets 2019: $21,835,093Liabilities 2019: $7,718,198Net Assets 2019: $14,116,8952019Assets 2020: $23,079,444Liabilities 2020: $8,433,601Net Assets 2020: $14,645,8432020Assets 2021: $23,789,271Liabilities 2021: $8,308,298Net Assets 2021: $15,480,9732021Assets 2022: $23,137,141Liabilities 2022: $8,717,689Net Assets 2022: $14,419,4522022Assets 2023: $24,031,718Liabilities 2023: $8,843,179Net Assets 2023: $15,188,5392023Assets 2024: $23,520,088Liabilities 2024: $8,637,245Net Assets 2024: $14,882,8432024

Highlighted filing

2024

Assets$23,520,088
Liabilities$8,637,245
Net Assets$14,882,843

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2011: $4,019,898Expenses 2011: $3,159,043Net Income 2011: $860,8552011Revenue 2012: $3,006,999Expenses 2012: $3,498,881Net Income 2012: -$491,8822012Revenue 2013: $7,572,134Expenses 2013: $4,341,932Net Income 2013: $3,230,2022013Revenue 2014: $5,805,474Expenses 2014: $4,278,170Net Income 2014: $1,527,3042014Revenue 2015: $4,010,199Expenses 2015: $4,212,658Net Income 2015: -$202,4592015Revenue 2016: $3,310,385Expenses 2016: $4,060,877Net Income 2016: -$750,4922016Revenue 2017: $3,461,963Expenses 2017: $4,057,579Net Income 2017: -$595,6162017Revenue 2018: $4,494,280Expenses 2018: $4,279,528Net Income 2018: $214,7522018Revenue 2019: $4,787,433Expenses 2019: $4,514,901Net Income 2019: $272,5322019Revenue 2020: $5,359,761Expenses 2020: $5,028,749Net Income 2020: $331,0122020Revenue 2021: $6,094,141Expenses 2021: $5,603,166Net Income 2021: $490,9752021Revenue 2022: $5,577,132Expenses 2022: $6,286,207Net Income 2022: -$709,0752022Revenue 2023: $6,963,550Expenses 2023: $6,501,522Net Income 2023: $462,0282023Revenue 2024: $6,569,497Expenses 2024: $7,140,141Net Income 2024: -$570,6442024

Highlighted filing

2024

Revenue$6,569,497
Expenses$7,140,141
Net Income-$570,644

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$23.5$8.64$14.9$6.57$7.14$0.57
2023Detailed filing. Detailed filing data is available for this year.$24.0$8.84$15.2$6.96$6.50$0.46
2022Detailed filing. Detailed filing data is available for this year.$23.1$8.72$14.4$5.58$6.29$0.71
2021Detailed filing. Detailed filing data is available for this year.$23.8$8.31$15.5$6.09$5.60$0.49
2020Detailed filing. Detailed filing data is available for this year.$23.1$8.43$14.6$5.36$5.03$0.33
2019Detailed filing. Detailed filing data is available for this year.$21.8$7.72$14.1$4.79$4.51$0.27
2018Detailed filing. Detailed filing data is available for this year.$20.8$6.83$14.0$4.49$4.28$0.21
2017Detailed filing. Detailed filing data is available for this year.$21.0$7.16$13.9$3.46$4.06$0.60
2016Detailed filing. Detailed filing data is available for this year.$20.6$6.38$14.2$3.31$4.06$0.75
2015Detailed filing. Detailed filing data is available for this year.$21.3$6.44$14.8$4.01$4.21$0.20
2014Detailed filing. Detailed filing data is available for this year.$21.4$6.34$15.1$5.81$4.28$1.53
2013Detailed filing. Detailed filing data is available for this year.$19.8$6.40$13.4$7.57$4.34$3.23
2012Summary only. Only limited summary data is available for this year.$15.6$5.62$9.93$3.01$3.50$0.49
2011Summary only. Only limited summary data is available for this year.$14.3$4.05$10.3$4.02$3.16$0.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$11,103,694
Mission and Program Overview

Mission

Homeless solutions, inc. (hsi) provides shelter for homeless men, women and families, including supportive services relating to any persons in need to find and maintain permanent housing for themselves and/or their families; (continued on schedule o)

Founded in 1983, homeless solutions provides a hand up, not a handout.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$16,296,323$15,579,445▼ $716,878
Investments Other Securities$2,282,358$4,113,045▲ $1,830,687
Savings and Temporary Cash Investments$1,151,709$1,166,801▲ $15,092
Cash and Non-Interest-Bearing Accounts$2,647,668$1,004,676▼ $1,642,992
Pledges and Grants Receivable$428,603$373,385▼ $55,218
Investments Program Related$138,493$142,610▲ $4,117
Prepaid Expenses and Deferred Charges$80,769$105,826▲ $25,057
Accounts Receivable-$9,170-
Total Assets$24,031,718$23,520,088▼ $511,630
Other Assets Total$1,005,795$1,025,130▲ $19,335
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,368,660$6,148,980▼ $219,680
Other Liabilities$1,427,885$1,440,344▲ $12,459
Deferred Revenue$638,587$593,036▼ $45,551
Accounts Payable and Accrued Expenses$408,047$454,885▲ $46,838
Total Liabilities$8,843,179$8,637,245▼ $205,934
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,129,513$14,832,394▼ $297,119
Net Assets With Donor Restrictions$59,026$50,449▼ $8,577
Total Net Assets Fund Balance$15,188,539$14,882,843▼ $305,696
Total Liabilities and Net Assets / Fund Balance$24,031,718$23,520,088▼ $511,630

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,211,093$6,909,943$17,121,036
Land$3,898,043-$3,898,043
Leasehold Improvements$1,182,711$1,480,008$2,662,719
Other Land Buildings$287,598$1,429,324$1,716,922
Other Securities$4,113,045--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Daniel McguireCEOFT$178,043$16,504$194,547
Christine SutherlandDirector of FinanceFT$85,520$16,340$101,860
Stephanie CicaleDirector of DevelopmentFT$80,665$16,493$97,158

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,496,695
Program Service Revenue
$1,437,682
Investment Income
$454,911
Other Revenue
$180,209
All Other Contributions
$2,529,003
Change in Net Assets
$-570,644

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table15,939$126,000Fair Market Value
Securities Publicly Traded1$65,921Fair Market Value
Total Noncash Contributions15,940$191,921-

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,569,497
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,031,531
Total Revenue per Audited Statements
$7,601,028
Total Revenue per Form 990
$6,569,497
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,957,516
Other Expenses$3,182,625
Total Fundraising Expense$793,666
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,877,549$470,680$513,851$2,862,080
Occupancy$875,548$1,903$2,062$879,513
Depreciation Depletion$698,017--$698,017
Current Officers, Directors, Trustees, and Key Employees$251,882$74,777$66,906$393,565
Payroll Taxes$188,672$48,213$51,476$288,361
Other Employee Benefits$186,322$46,071$49,941$282,334
Fees for Services Other$178,608$82,238$18,087$278,933
Insurance$185,444$5,088$5,316$195,848
Pension Plan Contributions$71,838$28,623$30,715$131,176
Interest$85,917$1,895-$87,812
Office Expenses$50,001$25,193$9,528$84,722
Fees for Services Accounting$36,826$17,262$4,028$58,116
Other Expenses$57,805$7,497$8,122$57,805
Travel$39,554$7,063$950$47,567
Total Functional Expenses$5,501,887$844,588$793,666$7,140,141

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$7,906,724
Expenses per Audited Statements$7,140,141
Total Expenses per Form 990$7,140,141
Expenses Not Reported on Form 990$766,583
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$155,578
Fundraising Gross Income$155,578
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Birthday Bash$564,760$102,473$102,473$0
A Night in the Cold$226,947$9,353$9,353$0
Total Events$925,106$145,983$145,983$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest$1,048,179
Operating Lease Liability$231,671
Security Deposits Held$132,601
Other$27,893
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 35% controlled entity
No
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
Yes
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, Part VI, Section B, Line 11B

Homeless solutions, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed prior to the return being finalized and approved for filing.

Form 990, Part VI, Section B, Line 12C

Homeless solutions, inc. Currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, governing body and management will investigate the issue. If a conflict of interest is determined to exist, management and the governing body will be notified immediately. The member will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time that there is no longer a conflict..

Form 990, Part VI, Section B, Line 15

The compensation of the organizations officers or key employees is reviewed and approved by the board of trustees, an independent body.

Form 990, Part VI, Section C, Line 19

Homeless solutions, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon written request at the organizations office at 3 wing drive suite #245, cedar knolls, nj 07927. In addition form 1023 as well as the financial statements, and conflict of interest policy are available upon written request at the organizations office at 3 wing drive suite #245, cedar knolls, nj 07927.

Filing and Contact Details

Filer

Filer Name
Homeless Solutions Inc
EIN
22-2491675
Phone
9739930900
Address
3 WING DRIVE 245, CEDAR KNOLLS, NJ 07927

Signing Officer

Name
Jaclyn Stoll
Title
CEO
Phone
9739930900
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jaclyn Stoll
Formed
1983
Legal Domicile
Nj
Voting Board Members
19
Independent Board Members
18
Employees
98
Volunteers
340

Preparer

Firm
Nisivoccia Llp
Address
200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
Preparer
Michael Smith CPA
Phone
9733281825
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

Our mission at homeless solutions is to provide a handup not a handout. We empower those who are experiencing homelessness and at risk of homelessness in morris county to attain housing stability. Through comprehensive support, including shelter, affordable housing, and a range of services, we collaborate with individuals and families who are committed to achieving their goal of self-sustainability. Since 1983, homeless solutions has been helping people experiencing homelessness and housing insecurity in our community. As a private, nonprofit organization, we are unique in what we do. We offer more than just a healthy meal and a place to sleep. We create pathways for people to rebuild stability, achieve lasting housing and pursue their long-term goals. What sets homeless solutions apart from others is our comprehensive continuum of housing options, including our main shelter, transitional housing program (thp) for families, warming center for individuals living unsheltered during the winter, mt. Kemble home for senior women, women's campus for single women, and 72 additional units of affordable rental housing, owned and operated by hsi, throughout morris county. Each of our programs is designed to meet people where they are and support their journey to sustainable housing. Programs & services: founded four decades ago with the mission to provide basic shelter and meals for those without homes, homeless solutions, inc. (hsi) has continually evolved to address complex challenges facing our community. Today, we focus on creating supportive and empowering environments where individuals and families can access the tools, resources and opportunities necessary to achieve housing stability, and lasting self-sufficiency. Each guest at hsi is supported through individualized case management, assistance with employment and housing searches, connections to social services, childcare, healthcare, and counseling. Life skills classes build knowledge and confidence in areas like financial literacy, parenting, resume writing and more. Our goal is to empower our guests with the tools they need to pursue their vision for the future, while honoring their unique experiences and strengths. Homeless solutions (hsi) is the largest nonprofit shelter provider in morris county, offering a holistic, person-centered approach to helping our guests find their unique hand up to navigate barriers to safe and stable housing. The main shelter offers temporary accommodations in a clean, safe environment for up to 10 families, 4-6 single women and up to 39 single men. Guests are provided three nutritious meals per day, access to transportation and a full range of supportive services tailored to their goals. In 2024, 155 unique guests stayed at the shelter, including 119 adults and 36 children. Of the 119 adults, 27% were domestic violence survivors, 55% reported at least one mental health condition and 40 % reported having a substance use disorder or a history of substance use. 71% of exiting households moved to positive housing destinations, including transitional housing, permanent housing and higher levels of care. Warming center: provides a safe, welcoming space during the winter months for individuals experiencing unsheltered homelessness. Our guests have access to restrooms, showers, laundry facilities, lockers, clothing, cold weather items, and a healthy breakfast and dinner. Staff also connect guests with resources for social services and provide opportunities for entry into longer term shelter programs when appropriate. In 2024, 104 unique individuals were provided with 1,836 bed nights. Supportive housing: transitional housing program: offers a structured and supportive living environment for working families with children. Our 10 fully furnished two bedroom apartments provide temporary homes for up to 60 people for up to 18 months. Each family lives independently while receiving case management support and assistance focused on skill building, financia

Form 990, Part XI - Financial Statements and Reporting

There has been no change from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization is a not-for-profit association as described in section 501(c)(3) of the internal revenue code and is exempt from federal income taxes on related income pursuant to section 501(a) of the code. The organization is also exempt under title 15 of the state of new jersey, corporations and associations not-for-profit act. Accordingly, no provision for federal or state income tax has been presented in the accompanying consolidated financial statements. As required by law, the organization files informational returns with both the federal and new jersey state governments on an annual basis - form 990 with the internal revenue service, and form cri-300r with the state of new jersey. These returns are subject to examination by these authorities within certain statutorily defined periods for both federal and the state of new jersey.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Special events direct expenses 155,578.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special events direct expenses 155,578.

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IRS990/Desc0EMERGENCY SHELTER:HOMELESS SOLUTIONS IS THE LARGEST NONPROFIT SHETLER PROVIDER IN MORRIS COUNTY, NJ. THE MAIN SHELTER OFFERS TEMPORARY ACCOMODATIONS IN A CLEAN, SAFE ENVIRONMENT FOR UP TO 10 FAMILIES, 6 INDIVIDUAL WOMEN AND 39 INDIVIDUAL MEN. GUESTS ARE PROVIDED 3 NUTRITIOUS MEALS PER DAY, ACCESS TO TRANSPORTATION AND A FULL RANGE OF SUPPORTIVE SERVICES TAILORED TO THEIR GOALS.
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IRS990/Form990PartVIISectionAGrp/PersonNm0MARY LEBLANC
IRS990/Form990PartVIISectionAGrp/PersonNm1DIANE MANN
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IRS990/Form990PartVIISectionAGrp/PersonNm11RYAN SPENCER
IRS990/Form990PartVIISectionAGrp/PersonNm12SCOTT CHILSON
IRS990/Form990PartVIISectionAGrp/PersonNm13NURIS PORTUNDO
IRS990/Form990PartVIISectionAGrp/PersonNm14MARK STEINMAN
IRS990/Form990PartVIISectionAGrp/PersonNm15ELIZABETH VANDEVEER
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IRS990/Form990PartVIISectionAGrp/PersonNm17JAMES HECK
IRS990/Form990PartVIISectionAGrp/PersonNm18DANIEL MCGUIRE
IRS990/Form990PartVIISectionAGrp/PersonNm19CHRISTINE SUTHERLAND
IRS990/Form990PartVIISectionAGrp/PersonNm20STEPHANIE CICALE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0INTERIM CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR OF FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR OF DEVELOPMENT
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IRS990/MissionDesc0HOMELESS SOLUTIONS PROVIDES A HAND UP, NOT A HANDOUT. WE EMPOWER THOSE WHO ARE HOMELESS AND AT RISK OF HOMELESSNESS IN MORRIS COUNTY TO ATTAIN HOUSING STABILITY THROUGH COMPREHENSIVE SUPPORT, INCLUDING SHELTER, AFFORDABLE HOUSING, AND A RANGE OF SERVICES.
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IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
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IRS990/ProgSrvcAccomActy2Grp/Desc0AFFORABLE HOUSING:HOMELESS SOLUTIONS IS UNIQUE IN THAT WE ARE THE ONLY HOMELESS SHELTER/SERVICE PROVIDER IN MORRIS COUNTY THAT IS ADDRESSING THE HOMELESS CRISIS BY DIRECTLY ADDING UNITS OF AFFORDABLE HOUSING. WORKING TO INCREASE THE LIMITED SUPPLY OF AFFORDABLE HOUSING IN MORRIS COUNTY SINCE 2004, WE HAVE BEEN TRANSFORMING COMMUNITIES BY TAKING DERELICT BUILDINGS OR UNDERUTILIZED LOTS AND CREATING SAFE, AFFORDABLE HOMES THROUGHOUT MORRIS COUNTY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01777528
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0464481
IRS990/ProgSrvcAccomActy3Grp/Desc0SUPPORTIVE HOUSING:THE PROGRAM OFFERS A STRUCTURED AND SUPPORTIVE INDEPENDENT LIVING ENVIRONMENT FOR INDIVIDUALS AND WORKING FAMILIES WITH CHILDREN. EACH PARTICIPANT RECEIVES CASE MANAGEMENT SUPPORT AND ASSISTANCE FOCUSED ON FINANCIAL AND HOUSING SUSTAINABILITY.

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