Homeless Solutions Inc

Nonprofit profile at a glance

EIN
222491675
IRS 990 coverage
2013–2025
Forms available
Form 990 2025
Location
Cedar Knolls, NJ, USA
Phone
9739930900
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$6,951,550
Expenses
$7,724,475
Assets
$22,628,792
Liabilities
$8,349,239

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • JACLYN STOLL (CEO)

Highest reported compensation

  • JACLYN STOLL (CEO): $265,044 total reported compensation
  • STEPHANIE CICALE (DIRECTOR OF DEVELOPMENT): $149,033 total reported compensation
  • CHRISTINE SUTHERLAND (DIRECTOR OF FINANCE): $148,533 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Homeless solutions provides a hand up, not a handout. We empower those who are homeless and at risk of homelessness in morris county to attain housing stability. Through comprehensive support, including shelter, affordable housing, and a range of services.

What it reported doing in 2025

Emergency shelter: homeless solutions (hsi) is morris county's largest nonprofit shelter provider, delivering clean and safe temporary accommodations, including comprehensive support. Core programs include a main shelter serving families, women, and men; a 15-bed recovery shelter program; and a winter overnight warming center for people experiencing unsheltered homelessness. Each program includes nutritious meals, clean facilities, and tailored services to assist guests in reaching their goals.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 74
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 76.6%; rating input score 77
  • Fundraising efficiency: $5.05 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -11.1%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 2.93; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.37; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 5.1% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 19th percentile among comparable filings
  • Asset growth: 1.3% per year; rating input score 100; 15th percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 76.6% of spending went to programs
  • Governance: 17 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $5.9M in reported program spending
  • Leadership: top reported pay $265K · 20 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $132K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 13 filing years from 2013 to 2025
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 15 filed related-organization links
  • 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.

Key Signals

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

  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.