Home Sweet Home Ministries Inc

Nonprofit profile at a glance

EIN
370692350
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bloomington, IL, USA
Phone
3098287356
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$5,916,991
Expenses
$4,117,307
Assets
$13,504,941
Liabilities
$264,642

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • MATTHEW C BURGESS (CEO)
  • SALLY SALEGNA (President)
  • MEG BARNET (Vice President)

Highest reported compensation

  • MATTHEW C BURGESS (CEO): $156,461 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Home sweet home ministries demonstrates christ's love through innovative approaches that instill hope, restore lives, and build community.

What it reported doing in 2024

COMMUNITY SERVICES: The Junction is a community center designed with building connection at its core. The Junction provides a safe and welcoming atmosphere for individuals to be during the day and for other nonprofits from around the Bloomington-Normal community to use for outreach purposes. The Bread for Life Co-op helps low-income individuals and families experiencing food insecurity gain access to fresh foods and other household items, and experience dignity in the process. Rapid Rehousing is a 6-12 month program that provides services designed to quickly identify housing roadblocks, eliminate barriers to homelessness, and find affordable and suitable housing. Once housed, the program assists participants in increasing their stability over time through positive relationships and connections to other service providers.Bridge of Hope is a 12-24 month program that assists families in achieving stability through the help of trained neighboring groups. Families attain permanent housing; financial stability; life-changing friendships; and growth and wholeness.The Home Sweet Home Duplex is rented to families affected by the lack of affordable housing in the Bloomington-Normal community. The duplex provides families in lower socioeconomic levels of income an opportunity to pay significantly reduced rental rates in comparison to the surrounding housing market.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 75
  • Accountability: 100
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 47.4%; rating input score 47
  • Program expense ratio: 64.3%; rating input score 64
  • Fundraising efficiency: $10.21 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 30.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 3.28; rating input score 76; 76th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: -1.5% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 12.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 47.4% of revenue deployed · 64.3% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $2.6M in reported program spending
  • Leadership: top reported pay $156K · 13 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $604K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 38/100.
  • High — Growth: Program expense growth scored 0/100.