Homeward Bound Inc

What it reported doing in 2024

Homeward bound was founded by families in 1973. For over 50 years homeward bound has provided quality and innovative services to support children and adults with disabilities in leading more fulfilling lives. While we serve people with a variety of disabilities, we have the unique capacity of meeting the needs of those with the most severe and profound disabilities. We provide 24 hour specialized nursing care, in-home care and group living environments. Homeward bound is a partnership between spirited individuals with disabilities and the caring people committed to providing an individualized, challenging and life-affirming growth experience. We provide support which values the competence, strengths and desires of each individual. Each person is encouraged and empowered to develop skills and capabilities needed to increase self-reliance and enhance quality of life.we currently operate 22 residential homes, and an in-home program. Our homes span the communities of: brooklyn park, crystal, golden valley, hopkins, maple grove, minnetonka, new hope, plymouth, robbinsdale and st. Louis park. We currently serve 91 people, ages 18 and up, from a variety of races, religions and ethnicities. Our mission: to be the leading provider of life-enriching services for children and adults with disabilities.we achieve this by continuously improving the quality of support services. The staff works hard to make sure that regardless of a person's disabilities, there are ways to participate and enjoy life's pleasures. We strive to exceed the expectations of the people we serve and their families by finding better ways of delivering care, housing and programmatic services.services we provide: *residential housing support: specially designed homes to meet the needs of individuals with disabilities. Our well-trained support professionals help children and adults with disabilities develop and achieve goals in all life areas using sophisticated programming. We offer 24/7, 365 day support in all our homes. *education and outreach: homeward bound reaches out to the community as a whole through informational speaking events, community activities and presentations about development disabilities to educate the public about disabilities and available support programs.community activities we offer: homeward bound strives to connect children and adults of all mental and physical abilities to the arts, music, nature and other community involvement activities. *art-abilities: an art show at hennepin county library featuring artwork representing over 6,500 minnesotans with disabilities. This year artwork created by individuals at homeward bound is on display at ridgedale library in october. *made in the shade: a non-competitive walk, run or roll event around lake calhoun. Homeward bound coordinates this event with six other nonprofits with similar services to children and adults with disabilities. This is a great way for the individuals in our homes to get out into the community and enjoy a day outside. *homeward bound golf classic: 2025 will be our 29th annual golf event, held at Minnesota valley country club in bloomington. Many large area corporations support this event and have formed wonderful partnerships with homeward bound.**competitive chili cook-off: a community style event involving supporters, residents, families and staff all competing to win the golden chili pot prize. Attendees pay an entry fee to taste a variety of chili, vote for their favorite chili and buy additional votes, donate and bid on silent aution items, and make other onsite contributions. Business and groups sponsor the event. Proceedds from the event benefit an hbi initiative

Financial Efficiency

• Mission deployment rate: 80.2%; rating input score 80
• Program expense ratio: 81.9%; rating input score 82
• Fundraising efficiency: $1.18 raised per $1 spent on fundraising; rating input score 3; 3rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • 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; 66th 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: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.1%; rating input score 43; 43rd percentile among comparable filings
• Total-asset coverage ratio: 0.61; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.54; rating input score 26; 26th percentile among comparable filings
• Officer compensation ratio: 6.5%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
• Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
• Asset growth: 2.5% per year; rating input score 100; 20th percentile among comparable filings