Homeboy Industries

What it reported doing in 2024

Social enterpriseshomeboy bakery - trainees at one of our oldest social enterprise business learn all aspects of baking, from ordering supplies to operating a pastry machine to interacting with customers. We sell artisan breads, pastries, and cakes at our headquarters and farmers' markets around los angeles, as well as to local restaurants. Homeboy bakery was the organization's original mission business, founded in 1994, where former rivals worked side by side as scratch bakers located in an 80-year old building, the bakery suffered an electrical fire in 1999. In 2005, homeboy hired several young men to prepare them to become leaders in the new bakery. These bakers attended classes at los angeles trade tech and interned at a local bakery, readying themselves to reopen the bakery in 2007 located in the new homeboy facility. Homeboy bakery reopened its doors to the public on october 2, 2007, in a modern, well-equipped home under the guidance of master baker alvaro ocequeda. The lead bakers work alongside trainees hired to take their first steps in the bakery world.homegirl cafe - where trainees can build self-esteem as well as job skills. By working alongside other trainees, some of whom are from "enemy" gangs, homegirl cafe trainees begin to see each other as allies. Working as bussers, servers, line cooks, and sous chefs, they serve fresh mexican-fusion breakfasts and lunches in a fast-paced environment.feed hope was created in april 2020 to respond to the covid-19 pandemic which expanded the need for packaged meals for senior citizens and the under served communities. Through several funding partners feed hope was able to provide as many as 15,000 and 25,000 meals weekly. Merchandise, catering, silkscreen, diner (@city hall), janatorial

Financial Efficiency

• Mission deployment rate: 86.7%; rating input score 87
• Program expense ratio: 79.8%; rating input score 80
• Fundraising efficiency: $11.09 raised per $1 spent on fundraising; rating input score 41; 41st percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100

Accountability

• Independent voting board: 95.2%; rating input score 95; 29th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 11.2%; rating input score 70; 70th percentile among comparable filings
• Total-asset coverage ratio: 2.64; rating input score 71; 71st percentile among comparable filings
• Liabilities to assets ratio: 0.29; rating input score 48; 48th percentile among comparable filings
• Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings

Growth

• Program expense growth: 13.2% per year; rating input score 100; 80th percentile among comparable filings
• Revenue growth: 12.4% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 20.2% per year; rating input score 100; 89th percentile among comparable filings