Nonprofit · EIN 58-2051038
HOMESTRETCH INC
Tax-exempt · ROSWELL, GA 30075
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $808,726 | $1,339,235 | -$530,509 | $2,321,971 | $521,868 | $1,800,103 |
| June 30, 2024 | 990 (amended) | $711,874 | $1,160,347 | -$448,473 | $2,650,311 | $321,932 | $2,328,379 |
| June 30, 2023 | 990 (amended) | $808,115 | $957,035 | -$148,920 | $3,033,490 | $256,644 | $2,776,846 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $414,558
- Program service revenue
- $382,364
- Investment income
- $999
- Other revenue
- $10,805
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $96,154
- Other salaries and wages
- $438,867
- Salaries, compensation and benefits (total)
- $671,313
- Professional fundraising fees
- $0
- Legal fees
- $6,253
- Accounting fees
- $26,040
- Occupancy
- $121,179
- Travel
- $6,117
- Depreciation
- $124,217
- Program services (functional)
- $1,008,409
- Management and general (functional)
- $296,870
- Fundraising (functional)
- $33,956
Balance sheet and other
- Total assets, start of year
- $2,650,311
- Total assets, end of year
- $2,321,971
- Total liabilities, end of year
- $521,868
- Net assets, end of year
- $1,800,103
- Land, buildings and equipment
- $2,227,517
- Net assets without donor restrictions
- $1,744,788
- Net assets with donor restrictions
- $55,315
- Gross receipts
- $844,382
- Employees
- 13
- Volunteers
- 588
- Year formed
- 1991
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL CARTER | EXECUTIVE DIRECTOR Officer | 55 | $88,471 | $22,523 |
| BOB HAGAN | PRESIDENT EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| GORDON OWENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG SOLHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM TAYLOR | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| KENNETH ALLEN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LEE HOLLINGSWORTH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| DAVID WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LYNN ADCOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT MILLARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN CLAUSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TONY BURK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| WILL COLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TONY KIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERYL CARTER | EXECUTIVE DIRECTOR Officer | 55 | $77,665 | $22,135 |
| TALAYA PARKER | FORMER EXECUTIVE DIRECTOR Officer | 60 | $38,077 | $0 |
| KENNETH ALLEN | PRESIDENT Trustee or director, Officer | 2 | $0 | $0 |
| LEE HOLLINGSWORTH | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| JIM TAYLOR | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| TONY KIRK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BOB HAGAN | PRESIDENT EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| LYNN ADCOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MEG LAMB | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREG SOLHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GREGORY ROTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL COLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GORDON OWENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICKEY DEATON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHEN CLAUSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NANETTE GREGORY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORRAINE HEAD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT PERRY JARRELL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT MILLARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TALAYA PARKER | FORMER EXECUTIVE DIRECTOR Officer | 60 | $90,000 | $18,704 |
| ROBERT W HAGAN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENNETH ALLEN | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| SCOTT BURKE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LYNN ADCOCK | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MEG LAMB | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GREG SOLHEIM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT MILLARD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARTICA JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PEGGY SHIPMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TONY KIRK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LEE HOLLINGSWORTH | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| GREGORY ROTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GEORGE WAITE | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BECKY STONE | CO-CHAIR Trustee or director, Officer | 3 | $0 | $0 |
| JIM TAYLOR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILL COLLEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GORDON OWENS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JIM SAVAGE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHERYL CARTER | EXECUTIVE DIRECTOR Officer | 60 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 89 GROVE WAY, ROSWELL, GA 30075-4532
- Principal officer (990 for 2024)
- KENNETH ALLEN, 89 GROVE WAY, ROSWELL, GA 30075
- Signed the 990
- CHERYL CARTER, EXECUTIVE DIRECTOR
- Phone
- (770) 642-9185
- Website
- HOMESTRETCH.ORG
- Return prepared by
- CRI ADVISORS LLC
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.
Program accomplishments
- HOMESTRETCH 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.Expenses $1,008,409 · revenue $393,169
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 58-2051038
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,321,971
- Income (IRS master file)
- $844,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $808,726 | $1,339,235 | $2,321,971 | IRS |
| 990 | June 2024 | $711,874 | $1,160,347 | $2,650,311 | XML |
| 990 | June 2023 | $808,115 | $957,035 | $3,033,490 | XML |
| 990 | June 2022 | $838,369 | $945,855 | $3,204,962 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-2051038).
Questions about HOMESTRETCH INC
- What is the EIN of HOMESTRETCH INC?
- The employer identification number (EIN) of HOMESTRETCH INC is 58-2051038.
- Is HOMESTRETCH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to HOMESTRETCH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOMESTRETCH INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOMESTRETCH INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMESTRETCH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOMESTRETCH INC?
- The 990 for the year ended June 30, 2025 names KENNETH ALLEN.
- Who are the officers and directors of HOMESTRETCH INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $88,471 (CHERYL CARTER, EXECUTIVE DIRECTOR).
- How much revenue does HOMESTRETCH INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $808,726, expenses of $1,339,235 and total assets of $2,321,971 at year end.
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