Civic Intelligence

Home Start Incorporated

990 • Fiscal year 2021 • EIN 95-3138268

Jul 01, 2020 to Jun 30, 2021 • Filed on May 02, 2022

5005 Texas St 203San Diego, CA 92108

(619) 692-0727

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.30x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

53rd percentile

0.25x

Higher debt load relative to revenue than 53% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

43rd percentile

8.9%

Higher net margin than 43% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

54th percentile

$182,193

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

59th percentile

14%

Faster asset growth than 59% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

74th percentile

38%

Faster revenue growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$9,466,208

Up $1,135,183 (+14%) from 2020

Net Assets

Up

$6,656,167

Up $1,324,078 (+25%) from 2020

Liabilities

Down

$2,810,041

Down $188,895 (-6.3%) from 2020

Revenue

Up

$11,234,787

Up $3,070,766 (+38%) from 2020

Expenses

Up

$10,229,438

Up $2,552,646 (+33%) from 2020

Net Income

Up

$1,005,349

Up $518,120 (+106%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2011: $2,884,410Liabilities 2011: $365,077Net Assets 2011: $2,519,3332011Assets 2012: $3,536,439Liabilities 2012: $360,045Net Assets 2012: $3,176,3942012Assets 2013: $5,798,041Liabilities 2013: $929,249Net Assets 2013: $4,868,7922013Assets 2014: $6,659,003Liabilities 2014: $1,376,486Net Assets 2014: $5,282,5172014Assets 2015: $6,455,354Liabilities 2015: $1,318,418Net Assets 2015: $5,136,9362015Assets 2016: $6,407,868Liabilities 2016: $1,270,926Net Assets 2016: $5,136,9422016Assets 2017: $6,194,417Liabilities 2017: $1,331,183Net Assets 2017: $4,863,2342017Assets 2018: $5,944,059Liabilities 2018: $1,195,918Net Assets 2018: $4,748,1412018Assets 2019: $6,151,692Liabilities 2019: $1,325,060Net Assets 2019: $4,826,6322019Assets 2020: $8,331,025Liabilities 2020: $2,998,936Net Assets 2020: $5,332,0892020Assets 2021: $9,466,208Liabilities 2021: $2,810,041Net Assets 2021: $6,656,1672021Assets 2022: $11,181,007Liabilities 2022: $3,061,488Net Assets 2022: $8,119,5192022Assets 2023: $11,234,070Liabilities 2023: $2,372,871Net Assets 2023: $8,861,1992023Assets 2024: $11,210,425Liabilities 2024: $2,410,861Net Assets 2024: $8,799,5642024

Highlighted filing

2021

Assets$9,466,208
Liabilities$2,810,041
Net Assets$6,656,167

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $6,110,500Expenses 2011: $5,964,270Net Income 2011: $146,2302011Revenue 2012: $6,224,968Expenses 2012: $5,565,280Net Income 2012: $659,6882012Revenue 2013: $7,546,186Expenses 2013: $5,852,514Net Income 2013: $1,693,6722013Revenue 2014: $7,415,902Expenses 2014: $7,070,990Net Income 2014: $344,9122014Revenue 2015: $6,736,341Expenses 2015: $6,837,934Net Income 2015: -$101,5932015Revenue 2016: $6,858,560Expenses 2016: $6,833,941Net Income 2016: $24,6192016Revenue 2017: $6,429,236Expenses 2017: $6,792,163Net Income 2017: -$362,9272017Revenue 2018: $5,955,007Expenses 2018: $6,083,649Net Income 2018: -$128,6422018Revenue 2019: $5,730,270Expenses 2019: $5,671,469Net Income 2019: $58,8012019Revenue 2020: $8,164,021Expenses 2020: $7,676,792Net Income 2020: $487,2292020Revenue 2021: $11,234,787Expenses 2021: $10,229,438Net Income 2021: $1,005,3492021Revenue 2022: $12,368,216Expenses 2022: $10,565,994Net Income 2022: $1,802,2222022Revenue 2023: $12,063,220Expenses 2023: $11,386,908Net Income 2023: $676,3122023Revenue 2024: $12,545,452Expenses 2024: $12,727,604Net Income 2024: -$182,1522024

Highlighted filing

2021

Revenue$11,234,787
Expenses$10,229,438
Net Income$1,005,349
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 2, 2022
Return Version
2020v4.0
Gross Receipts
$11,320,708
Mission and Program Overview

Mission

To ensure the safety and nurturance of children by fostering healthy families and communities.

To assure the safety and resiliency of children by strengthening families and their communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,417,779$3,404,917▼ $12,862
Cash and Non-Interest-Bearing Accounts$885,225$1,702,899▲ $817,674
Pledges and Grants Receivable$1,224,408$1,416,321▲ $191,913
Prepaid Expenses and Deferred Charges$288,545$313,111▲ $24,566
Savings and Temporary Cash Investments$545,884$247,083▼ $298,801
Accounts Receivable$15,200$156▼ $15,044
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$8,331,025$9,466,208▲ $1,135,183
Other Assets Total$1,953,984$2,381,721▲ $427,737
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,503,084$1,475,159▼ $27,925
Accounts Payable and Accrued Expenses$657,152$752,331▲ $95,179
Deferred Revenue$838,700$572,751▼ $265,949
Unsecured Notes Loans Payable-$9,800-
Total Liabilities$2,998,936$2,810,041▼ $188,895
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,240,602$6,408,808▲ $1,168,206
Net Assets With Donor Restrictions$91,487$247,359▲ $155,872
Total Net Assets Fund Balance$5,332,089$6,656,167▲ $1,324,078
Total Liabilities and Net Assets / Fund Balance$8,331,025$9,466,208▲ $1,135,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,578,094$470,024$2,048,118
Land$1,786,823-$1,786,823
Equipment$40,000$159,224$199,224
Other Land Buildings-$22,028$22,028
Leasehold Improvements-$9,276$9,276
Other Assets Org$135,656--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laura a Tancredi-baeseCEOFT$163,477$18,716$182,193
Revenue and Support

Revenue Composition

Contributions and Grants
$11,138,821
Program Service Revenue
$70,370
Investment Income
$39,441
Other Revenue
$-13,845
All Other Contributions
$1,979,791
Change in Net Assets
$1,005,349

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$53,907Comparable
Total Noncash Contributions$53,907-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,219,796
Revenue Not Reported on Financial Statements
$14,991
Revenue Not Reported on Form 990
$615,904
Total Revenue per Audited Statements
$11,835,700
Total Revenue per Form 990
$11,234,787
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,484,477
Other Expenses$4,744,961
Total Fundraising Expense$356,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,609,592$552,490$132,856$4,294,938
Other Employee Benefits$593,694$82,689$16,310$692,693
Occupancy$614,528$37,701$26,101$678,330
All Other Expenses$424,865$118,053$63,722$606,640
Payroll Taxes$269,672$44,804$9,923$324,399
Current Officers, Directors, Trustees, and Key Employees-$172,447-$172,447
Other Expenses$128,366$7,224$6,597$142,187
Interest$49,196$12,559-$61,755
Depreciation Depletion$57,125$2,688-$59,813
Insurance-$55,614-$55,614
Advertising$61$200$52,245$52,506
Fees for Services Legal-$38,067-$38,067
Conferences and Meetings-$2,309$699$3,008
Travel$98$449$1$548
Total Functional Expenses$8,601,494$1,271,093$356,851$10,229,438

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,511,622
Expenses per Audited Statements$10,229,438
Total Expenses per Form 990$10,229,438
Expenses Not Reported on Form 990$282,184
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$47,990
Fundraising Gross Income$34,145
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Hallowine$44,007-$10,700-
Gala$138,178$34,145$37,290$-3,145
Total Events$182,185$34,145$47,990$-13,845
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Line 11B: Form 990 Review Process

The organization's cpa, ceo, director of business & finance and the board's finance committee review the 990 prior to submittal.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members are required to acknowledge and sign the organization's conflict of interest policy on an annual basis (in september).

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Salary guides and local nonprofit industry benchmarks are used to establish starting compensation during the hiring process. The ceo's performance is reviewed annually by the executive committee.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Salary guides and local nonprofit industry benchmarks are used to establish starting compensation during the hiring process. All staff are subject to yearly performance evaluations by their immediate supervisors.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Governing documents, conflict of interest policy and financial statements are available upon written request in advance.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Home Start Inc
EIN
95-3138268
Phone
6196920727
Address
5005 TEXAS ST 203, SAN DIEGO, CA 92108

Signing Officer

Name
Laura a Tancredi-baese
Title
CEO
Signed
2022-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura a Tancredi-baese
Formed
1972
Legal Domicile
CA
Voting Board Members
16
Independent Board Members
15
Employees
127
Volunteers
243

Preparer

Firm
Leaf & Cole LLP
Address
2810 Camino Del Rio South Suite 200, San Diego, CA 92108
Preparer
Michael J Zizzi
Phone
6192947200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Therapeutic Services:Behavioral Health Services provides free individual therapy services to children who are the victims of trauma or abuse. Services are provided in the childs home or school as well as at Home Start locations. Home Start therapists are trained in providing Parent-Child Interaction Therapy, Trauma Focused Cognitive Behavior Therapy, and Play Therapy. Therapists also have the ability to provide family therapy and individual therapy to adult clients on a sliding fee scale. Our services also include therapist facilitated Adult Survivors of Child Abuse (ASCA) support groups and support groups for parents whose children have been the victims of abuse. OTHER PROGRAM SERVICES 5: Social Enterprise:Social Enterprise initiatives include our Thrift Boutique and Bright Futures Candles. The Home Start Thrift Boutique was our first social enterprise made possible by a generous estate gift from Meg Jacobs. It provides thrift store prices in a boutique environment as well as on the job training and employment to Home Start clients. The Bright Futures Candles social enterprise offers entrepreneurial learning opportunities, skill building, and the ability to work non-traditional hours for our clients who may have current barriers to working full time jobs. Through these social enterprises Home Start clients are able to develop the skills and confidence they need to pursue their unique career goals.

Financial Statement Notes

Part X : FIN48 Footnote

Home Start is a public charity and is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and Section 23701(d) of the California Revenue and Taxation Code. The Organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Home Start is not a private foundation.Home Starts Return of Organization Exempt from Income Tax for the years ended June 30, 2021, 2020, 2019, AND 2018 are subject to examination by the Internal Revenue Service and State taxing authorities, generally three to four years after the returns were filed.

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Special event expenses $13845 sublease rent expense $37931

Part XII, Line 2D: Other expenses and losses per audited F/S

Special event expenses $13845 sublease rent expense $37931

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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$11.2$2.41$8.80$12.5$12.7$0.18
2023Detailed filing. Detailed filing data is available for this year.$11.2$2.37$8.86$12.1$11.4$0.68
2022Detailed filing. Detailed filing data is available for this year.$11.2$3.06$8.12$12.4$10.6$1.80
2021Detailed filing. Detailed filing data is available for this year.$9.47$2.81$6.66$11.2$10.2$1.01
2020Detailed filing. Detailed filing data is available for this year.$8.33$3.00$5.33$8.16$7.68$0.49
2019Detailed filing. Detailed filing data is available for this year.$6.15$1.33$4.83$5.73$5.67$0.06
2018Detailed filing. Detailed filing data is available for this year.$5.94$1.20$4.75$5.96$6.08$0.13
2017Detailed filing. Detailed filing data is available for this year.$6.19$1.33$4.86$6.43$6.79$0.36
2016Detailed filing. Detailed filing data is available for this year.$6.41$1.27$5.14$6.86$6.83$0.02
2015Detailed filing. Detailed filing data is available for this year.$6.46$1.32$5.14$6.74$6.84$0.10
2014Summary only. Only limited summary data is available for this year.$6.66$1.38$5.28$7.42$7.07$0.34
2013Summary only. Only limited summary data is available for this year.$5.80$0.93$4.87$7.55$5.85$1.69
2012Summary only. Only limited summary data is available for this year.$3.54$0.36$3.18$6.22$5.57$0.66
2011Summary only. Only limited summary data is available for this year.$2.88$0.37$2.52$6.11$5.96$0.15
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $10M-$25M nonprofits