Civic Intelligence

Homestretch Inc

EIN 58-2051038 • 501(c)3 • Roswell, GA

Profile

Homestretch supports and guides working, homeless families toward stability in finances, employment, housing and family-life. Their goal is that each graduating family moves into permanent, sustainable housing with improved employment, reduced debt and most importantly the skills and knowledge to prevent future homelessness. Homestretch offers homeless parents and their children a safe place to live while helping them address the root causes of their situation and return to a life of self-reliance and stability. Through the work of dedicated staff, volunteer mentor teams, job coaching and lifeskills workshops, families are armed with important tools they need to succeed.

89 Grove WayRoswell, GA 30075

homestretch.org

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.45x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

5th percentile

-63%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

66th percentile

$99,800

Higher top officer pay than 66% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-3.9%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$2,650,311

Down $409,524 (-13%) from 2023

Liabilities

Down

$321,932

Down $15,474 (-4.6%) from 2023

Net Assets

Down

$2,328,379

Down $394,050 (-14%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin5th percentile

Revenue

Down

$711,874

Down $28,643 (-3.9%) from 2023

Expenses

Up

$1,160,347

Up $216,493 (+23%) from 2023

Net Income

Down

-$448,473

Down $245,136 (-121%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth14th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2010: $1,819,666Liabilities 2010: $114,350Net Assets 2010: $1,705,3162010Assets 2011: $1,977,677Liabilities 2011: $104,118Net Assets 2011: $1,873,5592011Assets 2012: $1,907,030Liabilities 2012: $110,719Net Assets 2012: $1,796,3112012Assets 2013: $2,049,663Liabilities 2013: $98,679Net Assets 2013: $1,950,9842013Assets 2014: $2,359,873Liabilities 2014: $107,303Net Assets 2014: $2,252,5702014Assets 2015: $2,505,727Liabilities 2015: $40,556Net Assets 2015: $2,465,1712015Assets 2016: $2,990,907Liabilities 2016: $460,493Net Assets 2016: $2,530,4142016Assets 2017: $3,080,843Liabilities 2017: $303,542Net Assets 2017: $2,777,3012017Assets 2018: $3,121,153Liabilities 2018: $231,835Net Assets 2018: $2,889,3182018Assets 2019: $3,061,486Liabilities 2019: $180,783Net Assets 2019: $2,880,7032019Assets 2020: $3,443,606Liabilities 2020: $441,939Net Assets 2020: $3,001,6672020Assets 2021: $3,292,562Liabilities 2021: $259,310Net Assets 2021: $3,033,2522021Assets 2022: $3,204,962Liabilities 2022: $279,196Net Assets 2022: $2,925,7662022Assets 2023: $3,059,835Liabilities 2023: $337,406Net Assets 2023: $2,722,4292023Assets 2024: $2,650,311Liabilities 2024: $321,932Net Assets 2024: $2,328,3792024

Highlighted filing

2024

Assets$2,650,311
Liabilities$321,932
Net Assets$2,328,379
Open 2024 Filing

Operations Trend

Revenue Growth30th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $711,2442010Expenses 2011: $650,3322011Expenses 2012: $759,4852012Revenue 2013: $909,825Expenses 2013: $755,152Net Income 2013: $154,6732013Revenue 2014: $874,859Expenses 2014: $842,274Net Income 2014: $32,5852014Revenue 2015: $969,217Expenses 2015: $856,616Net Income 2015: $112,6012015Revenue 2016: $1,046,662Expenses 2016: $981,418Net Income 2016: $65,2442016Revenue 2017: $1,305,922Expenses 2017: $1,059,036Net Income 2017: $246,8862017Revenue 2018: $1,245,158Expenses 2018: $1,133,142Net Income 2018: $112,0162018Revenue 2019: $1,081,647Expenses 2019: $1,090,262Net Income 2019: -$8,6152019Revenue 2020: $1,064,689Expenses 2020: $943,725Net Income 2020: $120,9642020Revenue 2021: $1,060,511Expenses 2021: $1,028,926Net Income 2021: $31,5852021Revenue 2022: $838,369Expenses 2022: $945,855Net Income 2022: -$107,4862022Revenue 2023: $740,517Expenses 2023: $943,854Net Income 2023: -$203,3372023Revenue 2024: $711,874Expenses 2024: $1,160,347Net Income 2024: -$448,4732024

Highlighted filing

2024

Revenue$711,874
Expenses$1,160,347
Net Income-$448,473
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,650,311
Liabilities
$321,932
Net assets
$2,328,379
Revenue
$711,874
Expenses
$1,160,347
Net income
-$448,473
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.65$0.32$2.33$0.71$1.16$0.45
2023Detailed filing. Detailed filing data is available for this year.$3.06$0.34$2.72$0.74$0.94$0.20
2022Detailed filing. Detailed filing data is available for this year.$3.20$0.28$2.93$0.84$0.95$0.11
2021Detailed filing. Detailed filing data is available for this year.$3.29$0.26$3.03$1.06$1.03$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.44$0.44$3.00$1.06$0.94$0.12
2019Detailed filing. Detailed filing data is available for this year.$3.06$0.18$2.88$1.08$1.09$0.01
2018Detailed filing. Detailed filing data is available for this year.$3.12$0.23$2.89$1.25$1.13$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.08$0.30$2.78$1.31$1.06$0.25
2016Detailed filing. Detailed filing data is available for this year.$2.99$0.46$2.53$1.05$0.98$0.07
2015Detailed filing. Detailed filing data is available for this year.$2.51$0.04$2.47$0.97$0.86$0.11
2014Detailed filing. Detailed filing data is available for this year.$2.36$0.11$2.25$0.87$0.84$0.03
2013Summary only. Only limited summary data is available for this year.$2.05$0.10$1.95$0.91$0.76$0.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.11$1.80$0.76
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.98$0.10$1.87$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.11$1.71$0.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2026
Return Version
2023v6.0
Gross Receipts
$740,068
Mission and Program Overview

Mission

Homestretch supports and guides working, homeless families toward stability in finances, employment, housing and family-life. Their goal is that each graduating family moves into permanent, sustainable housing with improved employment, reduced debt and most importantly the skills and knowledge to prevent future homelessness. Homestretch offers homeless parents and their children a safe place to live while helping them address the root causes of their situation and return to a life of self-reliance and stability. Through the work of dedicated staff, volunteer mentor teams, job coaching and lifeskills workshops, families are armed with important tools they need to succeed.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,362,283$2,281,901▼ $80,382
Cash and Non-Interest-Bearing Accounts$492,229$220,053▼ $272,176
Savings and Temporary Cash Investments$101,024$101,024→ $0
Pledges and Grants Receivable$9,067$6,000▼ $3,067
Intangible Assets$6,187$4,885▼ $1,302
Prepaid Expenses and Deferred Charges-$3,313-
Total Assets$3,033,490$2,650,311▼ $383,179
Other Assets Total$62,700$33,135▼ $29,565
Liabilities
Mortgage Notes Payable Secured by Investment Property$157,542$150,397▼ $7,145
Accounts Payable and Accrued Expenses$36,277$96,927▲ $60,650
Other Liabilities$62,825$66,536▲ $3,711
Deferred Revenue-$8,072-
Total Liabilities$256,644$321,932▲ $65,288
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,471,218$2,273,064▼ $198,154
Net Assets With Donor Restrictions$305,628$55,315▼ $250,313
Total Net Assets Fund Balance$2,776,846$2,328,379▼ $448,467
Total Liabilities and Net Assets / Fund Balance$3,033,490$2,650,311▼ $383,179

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,683,116$1,705,153$3,388,269
Land$545,775-$545,775
Equipment$53,010$147,080$200,090
Compensation and Service Providers
Top Officer Pay66th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cheryl CarterExecutive DirectorFT$77,665$22,135$99,800
Talaya ParkerFormer Executive DirectorFT$38,077-$38,077

Board Members and Trustees

NameTitle
Kenneth AllenPresident
Bob HaganPresident Emeritus
Lee HollingsworthVice President
Gordon OwensBoard Member
Greg SolheimBoard Member
Gregory RothBoard Member
Jim SavageBoard Member
Lorraine HeadBoard Member
Lynn AdcockBoard Member
Matt MillardBoard Member
Meg LambBoard Member
Mickey DeatonBoard Member
Nanette GregoryBoard Member
Robert Perry JarrellBoard Member
Stephen ClausenBoard Member
Will ColleyBoard Member
Tony KirkSecretary
Jim TaylorTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$396,291
Program Service Revenue
$368,683
Investment Income
$31
Other Revenue
$-53,131
All Other Contributions
$340,737
Change in Net Assets
$-448,473

Audited Revenue Reconciliation

Revenue per Audited Statements
$711,874
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$28,194
Total Revenue per Audited Statements
$740,068
Total Revenue per Form 990
$711,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$606,823
Salaries, Compensation, and Employee Benefits$553,524
Total Fundraising Expense$28,089
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$248,128$79,263$17,231$344,622
Depreciation Depletion$125,852$1,302-$127,154
Occupancy$105,068$10,675-$115,743
Current Officers, Directors, Trustees, and Key Employees$68,885$22,005$4,784$95,674
Other Employee Benefits$56,867$18,166$3,949$78,982
Insurance$28,870$21,807-$50,677
Fees for Services Other-$46,727-$46,727
Payroll Taxes$24,657$7,877$1,712$34,246
Fees for Services Accounting-$31,500-$31,500
Office Expenses$12,644$14,009-$26,653
All Other Expenses$10,332$12,540$413$23,285
Other Expenses$15,993$7,856-$15,993
Travel$10,211$2,532-$12,743
Fees for Services Management$10,365--$10,365
Interest$6,311--$6,311
Advertising-$2,238-$2,238
Fees for Services Legal-$1,563-$1,563
Total Functional Expenses$852,198$280,060$28,089$1,160,347

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,188,541
Expenses per Audited Statements$1,160,347
Total Expenses per Form 990$1,160,347
Expenses Not Reported on Form 990$28,194
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$28,194
Fundraising Gross Income$28,194
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Road Race$81,248$26,263$26,263$0
Tea$2,500$1,931$1,931$0
Total Events$83,748$28,194$28,194$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
Client Savings Liability$33,351
Lease Liability$33,185
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 A, Line 5

“During the year ended june 30, 2024, the agency determined its property management company had improperly retained tenant rent totaling $62,838. The agency immediately investigated and determined it had been the victim of theft. The agency discontinued using the property management company, engaged a legal firm and pursued collection of the funds. In september 2024, the agency recovered $6,000 from the property management company. The agency recorded accounts receivable of $6,000 and a loss on theft of $56,838 at june 30, 2024.”

Form 990, Part VI, Section B, Line 11B

“Selected members from the executive and finance committee review portions of the 990.”

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

“New employees and new members of the board of directors sign the conflict of interest policy initially.”

Form 990, Part VI, Section B, Line 15

“The executive director's compensation is determined by the finance committee and voted on by the general board of directors.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Homestretch Inc
EIN
58-2051038
Phone
7706429185
Address
89 GROVE WAY, ROSWELL, GA 30075

Signing Officer

Name
Cheryl Carter
Title
Executive Director
Phone
7706429185
Signed
2026-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Allen
Formed
1991
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
18
Employees
12
Volunteers
588

Preparer

Firm
Cri Advisors LLC
Address
4004 SUMMIT BLVD NE SUITE 800, ATLANTA, GA 30319
Preparer
Tiffany T Orr CPA
Phone
7703948000
Supplemental Narrative

Additional Explanations

Form 990- Amended Return

“As of the due date of the organization's form 990, the organization's financial statements had not yet been finalized. Therefore, the form 990 is being amended with final numbers from the audited financial statements. The changes consisted of an increase in contributions and grants, and decreases in expense accounts related to insurance, payroll, and office expenses.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Under section 501(c)(3) of the internal revenue code, the agency is exempt from taxes on income other than unrelated business income. There was no unrelated business income for the years ended june 30, 2024 and 2023. The agency utilizes the accounting requirements associated with uncertainty in income taxes using the provisions of financial accounting standards board (fasb) asc 740, income taxes. Using that guidance, tax positions initially need to be recognized in the consolidated financial statements when it is more-likely-than-not the positions will be sustained upon examination by the tax authorities. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. As of june 30, 2024 and 2023, the agency has no uncertain tax positions that qualify for recognition or disclosure in the consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 28,194.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expenses 28,194.”

Raw XML AppendixShowing 400 of 591 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0HOMESTRETCH SUPPORTS AND GUIDES WORKING, HOMELESS FAMILIES TOWARD STABILITY IN FINANCES, EMPLOYMENT, HOUSING AND FAMILY-LIFE. THEIR GOAL IS THAT EACH GRADUATING FAMILY MOVES INTO PERMANENT, SUSTAINABLE HOUSING WITH IMPROVED EMPLOYMENT, REDUCED DEBT AND MOST IMPORTANTLY THE SKILLS AND KNOWLEDGE TO PREVENT FUTURE HOMELESSNESS. HOMESTRETCH OFFERS HOMELESS PARENTS AND THEIR CHILDREN A SAFE PLACE TO LIVE WHILE HELPING THEM ADDRESS THE ROOT CAUSES OF THEIR SITUATION AND RETURN TO A LIFE OF SELF-RELIANCE AND STABILITY. THROUGH THE WORK OF DEDICATED STAFF, VOLUNTEER MENTOR TEAMS, JOB COACHING AND LIFESKILLS WORKSHOPS, FAMILIES ARE ARMED WITH IMPORTANT TOOLS THEY NEED TO SUCCEED.
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CHERYL CARTER
IRS990/BooksInCareOfDetail/PhoneNum07706429185
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt089 GROVE WAY
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IRS990/Desc0HOMESTRETCH IS PLEASED TO SHARE THAT DURING FY23-24, WE MADE SIGNIFICANT STRIDES IN ADVANCING OUR MISSION TO PROVIDE SUPPORTIVE AND AFFORDABLE HOUSING WHILE EMPOWERING FAMILIES TO ACHIEVE ECONOMIC INDEPENDENCE AND LONG-TERM STABILITY. OVER THE PAST YEAR, WE INCREASED OUR HOUSING UNIT OCCUPANCY FROM 60% TO 97%, ALLOWING US TO DELIVER OUTCOMES-BASED SERVICES TO OVER 91 INDIVIDUALS IN OUR HOUSING PROGRAM AND NAVIGATIONAL SERVICES TO 840 INDIVIDUALS, FOR A TOTAL OF 931 PEOPLE SERVED. THIS GROWTH IN OCCUPANCY, UP FROM 69% TO 97%, WAS ACHIEVED THROUGH EFFICIENT PROGRAM TRANSITIONS AND DILIGENT MANAGEMENT OF UNIT TURNOVER, ENSURING MORE FAMILIES COULD ACCESS SAFE, STABLE HOUSING.THROUGH EFFICIENT PROGRAM TRANSITIONS AND PROACTIVE MANAGEMENT OF UNIT TURNOVER, MORE FAMILIES ACCESSED THE STABILITY THEY NEED TO PURSUE BRIGHTER FUTURES. THE OUTCOMES-BASED PROGRAM MODEL PRODUCED STRONG, MEASURABLE RESULTS:-68% OF CLIENTS BOOSTED THEIR WAGES BY AN AVERAGE OF $2.28 PER HOUR, GENERATING A COLLECTIVE ANNUAL WAGE INCREASE OF $71,136.-63% OF CLIENTS IMPROVED THEIR CREDIT SCORES BY MORE THAN 50 POINTS, WITH THE HIGHEST REACHING 735.-CLIENTS COLLECTIVELY SAVED $38,912, WITH 96% ACTIVELY WORKING TOWARD THE GOAL OF SAVING THREE MONTHS' LIVING EXPENSES.CHILDREN'S PROGRAMMING ALSO ACHIEVED SIGNIFICANT IMPACT. AFTER PARTICIPATING IN THE SUMMER ENRICHMENT INITIATIVE, THE PERCENTAGE OF YOUTH PERFORMING AT GRADE LEVEL INCREASED FROM 24% TO 53%. ALL PARTICIPANTS IMPROVED THEIR MATH OR READING GRADES BY AN AVERAGE OF 7 POINTS DURING THE SUBSEQUENT SCHOOL YEAR, WHILE CLASSROOM BEHAVIORAL ISSUES DROPPED SHARPLY FROM 50% TO JUST 8%.THE VOLUNTEER PROGRAM EXPERIENCED ROBUST GROWTH, EXPANDING FROM 209 TO 588 VOLUNTEERS WHO CONTRIBUTED OVER 1,821 HOURS IN ADMINISTRATIVE AND DIRECT CLIENT SERVICES AND 2,006 HOURS IN PROPERTY MAINTENANCE AND HOUSING TRANSITIONS.THESE ACCOMPLISHMENTS UNDERSCORE HOMESTRETCH'S COMPREHENSIVE APPROACH-PROVIDING FAMILIES AND CHILDREN WITH THE FINANCIAL, EDUCATIONAL, AND SOCIAL RESOURCES NECESSARY FOR LASTING SELF-SUFFICIENCY AND SUCCESS. BY TRANSLATING DATA INTO COMPELLING OUTCOMES AND FOCUSING ON TANGIBLE IMPROVEMENTS, HOMESTRETCH DEMONSTRATES ITS VITAL ROLE IN BUILDING STRONGER, MORE RESILIENT COMMUNITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
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IRS990/MissionDesc0HOMESTRETCH SUPPORTS AND GUIDES WORKING, HOMELESS FAMILIES TOWARD STABILITY IN FINANCES, EMPLOYMENT, HOUSING AND FAMILY-LIFE. THEIR GOAL IS THAT EACH GRADUATING FAMILY MOVES INTO PERMANENT, SUSTAINABLE HOUSING WITH IMPROVED EMPLOYMENT, REDUCED DEBT AND MOST IMPORTANTLY THE SKILLS AND KNOWLEDGE TO PREVENT FUTURE HOMELESSNESS. HOMESTRETCH OFFERS HOMELESS PARENTS AND THEIR CHILDREN A SAFE PLACE TO LIVE WHILE HELPING THEM ADDRESS THE ROOT CAUSES OF THEIR SITUATION AND RETURN TO A LIFE OF SELF-RELIANCE AND STABILITY. THROUGH THE WORK OF DEDICATED STAFF, VOLUNTEER MENTOR TEAMS, JOB COACHING AND LIFESKILLS WORKSHOPS, FAMILIES ARE ARMED WITH IMPORTANT TOOLS THEY NEED TO SUCCEED.
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