Project HOME

What it reported doing in 2024

Outreach services: in partnership with the city of philadelphia and other homeless service providers, the outreach department engages individuals who are homeless, or at risk of homelessness. Outreach workers build trusting relationships with individuals, who are experiencing homelessness, and connect them to emergency housing, treatment, and other services to meet their needs.on average annually, the outreach workers make approximately 9,000 contacts with people experiencing homelessness (including more than 3,500 unduplicated contacts) and approximately 2,000 placements. The hub of hope offers a safe place where people can enjoy a warm cup of coffee, take a shower and wash laundry, and speak to peers or case managers to begin the process of finding a permanent home. In a typical year, there were over 30,000 visits to the hub of hope, with an average of 580 visits per week.education and employment services: project home offers a comprehensive menu of one-on-one and group services to help overcome multiple barriers to education and employment. Adult learning programs offer a series of practical computer skills for the workforce training courses, creative arts enrichment programming (visual arts with opportunities for participants to sell art at exhibitions, and digital music production classes), and vocational certification programs with trauma informed curriculum (customer service). Participants in vocational certification programs are paired with an employment specialist who provides one-on-one job placement and retention support services, coaching participants who may have gaps in work histories associated with homelessness, histories of mental health issues, incarceration, and other challenges to securing employment. Project home applies the principles and practices of the evidence based individualized placement and support (ips) model. Nearly 1,000 adult learners participate in our programs each year and the average employment in our program exceeds the 50 % national average.real estate and asset management: real estate and asset management is focused on: continuing to develop new projects by acquiring both vacant land for new construction and existing buildings suitable for adaptive reuse, in order to develop new permanent supportive housing and related uses consistent with project home's mission; preserving and undertaking major capital improvements to our existing residential and commercial properties; and managing the assets in our portfolio, which as of june 30, 2025 have a value of approximately $240,000,000.our permanent supportive housing in philadelphia is for persons with low incomes who are homeless, have experienced homelessness or are at risk of becoming homeless. In addition to our permanent supportive housing, project home has developed safe haven and recovery facilities, with a total of 21 residential sites operating as of june 30, 2025. To date, project home has developed 1,128 units of affordable and supportive rental housing and 49 homes for low- to moderate-income first-time homebuyers. In addition, project home has developed and operates in our north central philadelphia neighborhood our: honickman learning center and comcast technology labs; stephen klein wellness center (operating as a federally qualified health center (fqhc); and helen brown community center. In fy25, project home completed preservation of kate's place, a 144-unit permanent supportive housing development. Project home began major renovations of 6 permanent supportive housing buildings totaling 136 units, which are expected to be completed during fy26. Additionally, project home began construction on a 44-unit building, house of grace, which will provide housing and supportive services to persons in recovery.

Financial Efficiency

• Mission deployment rate: 91.2%; rating input score 91
• Program expense ratio: 82.1%; rating input score 82
• Fundraising efficiency: $11.91 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Pass
  • 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; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 96%; rating input score 96; 50th 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: -11.2%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 3.54; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0.16; rating input score 74; 74th percentile among comparable filings
• Officer compensation ratio: 4.2%; rating input score 23; 23rd percentile among comparable filings

Growth

• Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 8.5% per year; rating input score 100; 70th percentile among comparable filings
• Asset growth: 9.2% per year; rating input score 100; 66th percentile among comparable filings