Journey Home Inc

Nonprofit profile at a glance

EIN
800143570
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Hartford, CT, USA
Phone
8608080336
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$7,535,187
Expenses
$7,522,129
Assets
$6,730,161
Liabilities
$2,584,189

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

Leadership & pay

26 people listed

Executive titles in this filing

  • MATTHEW MORGAN (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MATTHEW MORGAN (EXECUTIVE DIRECTOR): $186,817 total reported compensation
  • SARA WILSON (DEPUTY DIRECTOR): $139,175 total reported compensation
  • SARAH DIMAIO (DIRECTOR OF STRATEGY): $121,848 total reported compensation

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

Overview

Mission

Journey home's mission is to ensure a home for all. We believe the most powerful way to do this is collectively - by working together with service providers, elected officials, businesses, and local communities to end homelessness in the capital region of Connecticut. We will build partnerships, advance innovative solutions, and achieve enduring, systemic change. We've spent more than a decade committed to ending homelessness by applying sustainable solutions to the barriers that create cycles of homelessness. Every day, we work to prevent as many people as possible from losing their housing, increase the speed at which we find housing for anyone who is already experiencing homelessness, and help folks move into their homes and provide the furnishings and services they need to never become homeless again.

What it reported doing in 2024

Journey home's mission is not to manage homelessness, but to end it. We are a small team of social innovators taking a modern approach to a complex problem. We have created a national model for best approaches to ending homelessness. Over a decade, we have been focused on ending chronic homelessness, which describes those who have experienced more than a year of homelessness and are living with disabling conditions. Since 2015, 600 households experiencing chronic homelessness have obtained housing through this coordinated network. While we continue to work towards ending chronic homelessness we are also now focused on ending homelessness for households with children and youth aged 18-24. Through this coordinated system of services with our partners, we are now able to keep over 75% of families in housing crises out of emergency shelters. Through our a hand up program, furniture donation and volunteer engagement program, we have been able to assist approximately 400 clients with furnishing their new homes and involved over 900 volunteers in these efforts. Through our employment program, we supported 84 individuals by providing access to employment resources, workforce development opportunities, resume writing assistance, and job fairs, along with tools to help sustain long-term employment. These services help participants build skills, increase job readiness, and work toward securing stable employment.

Operating model

Revenue model
Grant-funded. 84% of the money available for current operations came from government grants.
Distribution model
Grant intermediary. The nonprofit sent 79% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 89
  • Accountability: 100
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.6%; rating input score 91
  • Program expense ratio: 90.5%; rating input score 91
  • Fundraising efficiency: $59.95 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 23rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 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: 0.2%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 22.4% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 17.3% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 18% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 90.6% of revenue deployed · 90.5% of spending went to programs
  • Governance: 21 of 21 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.8M in reported program spending
  • Leadership: top reported pay $187K · 26 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 16 filed money-flow records
  • Related organizations: 12 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.

  • Moderate — Sustainability: Operating margin scored 34/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.