HOMESTART INC

BOSTON, MA, 02111-1726 (617) 542-0338 Est. 1996 EIN 04-3311270

S31— Community Improvement Form 990 501(c)(3)

www.homestart.org

Mission

To end homelessness in Greater Boston by assisting individuals in obtaining permanent housing and settling into the community, and by developing strategies to address systemic barriers to housing placement.

Financials

Total Revenue

$19,934,405

Total Expenses

$19,863,802

Net Assets

$6,689,015

101 employees 40 volunteers

From latest filing (tax period ending 2024-09-30)

Financial Health

Operating Reserve

4.0 months Adequate

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 20.7%

Expenses ↑ 15.6%

Revenue Sources

Contributions 97.6% Earned revenue 2.5% Investment 0.2%

Expense Breakdown

Program 91.6% Management 6.3% Fundraising 2.1%

Officers & Key Employees (17)

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Grants Received (298)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 Form 990	$19,934,405 ↑	$19,863,802	$6,689,015
2021 Form 990	$16,639,054 ↑	$14,275,181	$7,268,704
2020 Form 990	$14,864,192 ↑	$12,175,982	$4,904,831
2019 Form 990	$11,936,283 ↑	$11,269,341	$2,216,621
2018 Form 990	$10,517,096 ↑	$10,141,275	$1,549,679
2017 Form 990	$9,355,272	$9,087,367	$1,173,858