Civic Intelligence

Homeward Bound Inc.

990 • Fiscal year 2022 • EIN 81-4250048

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 10, 2023

Organization ProfileN/A
PO Box 9214Michigan City, IN 46361

(219) 879-6723

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

83rd percentile

47%

Faster asset growth than 83% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

92nd percentile

231%

Faster revenue growth than 92% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Up

$400,447

Up $128,237 (+47%) from 2021

Net Assets

Up

$400,447

Up $128,237 (+47%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin97th percentile

Revenue

Up

$156,794

Up $109,456 (+231%) from 2021

Expenses

Down

$14,950

Down $7,612 (-34%) from 2021

Net Income

Up

$141,844

Up $117,068 (+473%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth83rd percentile

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

$800K$600K$400K$200K$0Assets 2019: $242,654Liabilities 2019: $0Net Assets 2019: $242,6542019Assets 2020: $247,434Liabilities 2020: $0Net Assets 2020: $247,4342020Assets 2021: $272,210Liabilities 2021: $0Net Assets 2021: $272,2102021Assets 2022: $400,447Liabilities 2022: $0Net Assets 2022: $400,4472022Assets 2023: $435,874Liabilities 2023: $8,260Net Assets 2023: $427,6142023Assets 2024: $664,239Liabilities 2024: $0Net Assets 2024: $664,2392024

Highlighted filing

2022

Assets$400,447
Liabilities$0
Net Assets$400,447
Open 2022 Filing

Operations Trend

Revenue Growth92nd percentile

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

$300K$200K$100K$0Revenue 2019: $230,198Expenses 2019: $32,102Net Income 2019: $198,0962019Revenue 2020: $34,223Expenses 2020: $22,206Net Income 2020: $12,0172020Revenue 2021: $47,338Expenses 2021: $22,562Net Income 2021: $24,7762021Revenue 2022: $156,794Expenses 2022: $14,950Net Income 2022: $141,8442022Revenue 2023: $76,206Expenses 2023: $55,654Net Income 2023: $20,5522023Revenue 2024: $299,152Expenses 2024: $62,527Net Income 2024: $236,6252024

Highlighted filing

2022

Revenue$156,794
Expenses$14,950
Net Income$141,844
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 10, 2023
Return Version
2022v5.0
Gross Receipts
$201,776
Mission and Program Overview

Mission

Public Charity (509)(a)(2) created to provide housing and other assistance to homeless in Laporte County, Indiana

Public charity (509) (a) (2) created to provide housing and other assistance to those disenfranchised and living in laporte county, indiana.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$101,588$248,693▲ $147,105
Savings and Temporary Cash Investments$125,356$82,944▼ $42,412
Land, Buildings, and Equipment, Net$30,404$56,487▲ $26,083
Cash and Non-Interest-Bearing Accounts$14,862$12,323▼ $2,539
Total Assets$272,210$400,447▲ $128,237
Liabilities
Other Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$262,030$385,513▲ $123,483
Net Assets With Donor Restrictions$10,180$14,934▲ $4,754
Total Net Assets Fund Balance$272,210$400,447▲ $128,237
Total Liabilities and Net Assets / Fund Balance$272,210$400,447▲ $128,237

Asset Categories

AssetBook ValueDepreciationBasis
Land$56,487-$56,487
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Sandi KellerPresident
Dan GranquistDirector
Edward MerrionDirector
Jim ErikssonDirector
Jim MusialDirector
Kathleen KellyDirector
Leigh CoburnDirector
Lisa PierzakowskiDirector
Nancy NicholsDirector
Patrick CannonDirector
Roger PotratzDirector
Shirley CaylorDirector
Tricia KuikenSecretary
John Vander WagenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,827
Program Service Revenue
$0
Investment Income
$11,146
Other Revenue
$6,821
All Other Contributions
$138,827
Change in Net Assets
$141,844
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,300
Grants and Similar Amounts Paid$3,650
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$5,408$0$0$5,408
Grants to Domestic Individuals$3,650--$3,650
Advertising$1,600$0$0$1,600
Insurance$1,180$0$0$1,180
Fees for Services Other$1,000$0$0$1,000
Occupancy$676$0$0$676
Office Expenses$613$0$0$613
Fees for Service Investment Mgmnt Fees$413$0$0$413
Information Technology$410$0$0$410
Total Functional Expenses$14,950$0$0$14,950
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$8,645
Fundraising Direct Expenses$1,824
Professional Fundraising Fees$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
Uncertain Tax Positions$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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
Filing and Contact Details

Filer

Filer Name
Homeward Bound Inc
EIN
81-4250048
Phone
2198796723
Address
PO BOX 9214, MICHIGAN CITY, IN 46361

Signing Officer

Name
John Vander Wagen
Title
Treasurer
Phone
2198796723
Signed
2023-07-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Vander Wagen
Formed
2016
Legal Domicile
In
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
APPLEGATE & COMPANY PC CPAs
Address
1421 S WOODLAND AVE, MICHIGAN CITY, IN 46360
Preparer
Paul E Applegate CPA
Phone
2198717880
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Tax return will be provided for the board of directors review.”

Pt VI, Line 12C

“Organization has a written conflict of interest policy.”

Financial Statement Notes

Pt X, Line 2

“Homeward bound, inc. Is exempt from tax on income under section 501(c)(3) of the internal revenue code and a similar code under indiana tax law. Therefore, these statements do not include any provision for income taxes. The financial accounting standards board (fasb) issued accounting standards codification "accounting for uncertainty in income taxes," that clarifies the accounting and recognition for income tax positions taken or expected to be taken in homeward bound, inc.'s income tax returns. The organization has adopted the standard. Homeward bound, inc. Evaluates all significant tax positions as required by generally accepted accounting principles in the united states. As of december 31, 2022, homeward bound, inc. Does not believe that it has taken any tax positions that would require the recording of any tax liability nor does it believe that there are any unrealized tax benefits that would either increase or decrease within the next twelve months. Homeward bound, inc.'s income tax returns are subject to examination by the appropriate taxing jurisdictions and the open tax years are 2019-2022.”

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IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JOHN VANDER WAGEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE OBJECTIVE OF THIS PROGRAM IS TO DEVELOP 12 AFFORDABLE SMALL HOMES IN THE MICHIGAN CITY AREA.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt011300
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt030600
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt010721
IRS990/PYInvestmentIncomeAmt016738
IRS990/PYOtherExpensesAmt011841
IRS990/PYRevenuesLessExpensesAmt024776
IRS990/PYTotalExpensesAmt022562
IRS990/PYTotalRevenueAmt047338
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0141844
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0125356
IRS990/SavingsAndTempCashInvstGrp/EOYAmt082944
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0138827
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt030600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030911
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0229330
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029734
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0459402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02643
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05520
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03312
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0868
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt012358
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02643
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05520
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03312
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0868
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt012358
IRS990ScheduleA/InvestmentIncomeCYPct00.02620
IRS990ScheduleA/InvestmentIncomePYPct00.02750
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00.97380
IRS990ScheduleA/PublicSupportPY509Pct00.97250
IRS990ScheduleA/PublicSupportTotal509Amt0459402
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0138827
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt030600
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt030911
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0229330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt029734
IRS990ScheduleA/Total509Grp/TotalAmt0459402
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0471760
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt056487
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt056487
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNCERTAIN TAX POSITIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0HOMEWARD BOUND, INC. IS EXEMPT FROM TAX ON INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR CODE UNDER INDIANA TAX LAW. THEREFORE, THESE STATEMENTS DO NOT INCLUDE ANY PROVISION FOR INCOME TAXES. THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ISSUED ACCOUNTING STANDARDS CODIFICATION "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," THAT CLARIFIES THE ACCOUNTING AND RECOGNITION FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN HOMEWARD BOUND, INC.'S INCOME TAX RETURNS. THE ORGANIZATION HAS ADOPTED THE STANDARD. HOMEWARD BOUND, INC. EVALUATES ALL SIGNIFICANT TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES IN THE UNITED STATES. AS OF DECEMBER 31, 2022, HOMEWARD BOUND, INC. DOES NOT BELIEVE THAT IT HAS TAKEN ANY TAX POSITIONS THAT WOULD REQUIRE THE RECORDING OF ANY TAX LIABILITY NOR DOES IT BELIEVE THAT THERE ARE ANY UNREALIZED TAX BENEFITS THAT WOULD EITHER INCREASE OR DECREASE WITHIN THE NEXT TWELVE MONTHS. HOMEWARD BOUND, INC.'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE APPROPRIATE TAXING JURISDICTIONS AND THE OPEN TAX YEARS ARE 2019-2022.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056487
IRS990ScheduleD/TotalLiabilityAmt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TAX RETURN WILL BE PROVIDED FOR THE BOARD OF DIRECTORS REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0IN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0272210
IRS990/TotalAssetsEOYAmt0400447
IRS990/TotalAssetsGrp/BOYAmt0272210
IRS990/TotalAssetsGrp/EOYAmt0400447
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0138827
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt014950
IRS990/TotalFunctionalExpensesGrp/TotalAmt014950
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0272210
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0400447
IRS990/TotalProgramServiceExpensesAmt014950
IRS990/TotalRevenueGrp/ExclusionAmt017967
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0156794
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0272210
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0400447
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$400,447
Liabilities
$0
Net assets
$400,447
Revenue
$156,794
Expenses
$14,950
Net income
$141,844
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.64$0.00$6.64$2.99$0.63$2.37
2023Detailed filing. Detailed filing data is available for this year.$4.36$0.08$4.28$0.76$0.56$0.21
2022Detailed filing. Detailed filing data is available for this year.$4.00$0.00$4.00$1.57$0.15$1.42
2021Detailed filing. Detailed filing data is available for this year.$2.72$0.00$2.72$0.47$0.23$0.25
2020Detailed filing. Detailed filing data is available for this year.$2.47$0.00$2.47$0.34$0.22$0.12
2019Summary only. Only limited summary data is available for this year.$2.43$0.00$2.43$2.30$0.32$1.98