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Mission and Programs

Mission

Homes with Hope''s mission is to provide facilities and supportive services in a structured environment that enables homeless people in the communities we serve to achieve an independent and self-sufficient life. We will accomplish this through permanent affordable supportive housing, casework and supportive services, emergency shelter, food and meals and the life skills training critical in preventing homelessness from reoccurring

Programs

Soup kitchen and food pantry for  IHA's program participants as well as those in need in our community.

Program / Activities (NTEE Code)

Temporary Shelter For the Homeless
Homeless Services/Centers
Employment Procurement Assistance and Job Training

Accomplishments for Fiscal Year Ending 12/31/2006

1. Successfully completed the long journey through the Town approvals process: Planning & Zoning Commission, Architectural Review Board and Historic Commission, which allows IHA to build a six-unit permanent affordable supportive housing facility at 10 West End Avenue
2. Applied to the Next Steps Initiative for $1.7 million in funding through the Connecticut Housing Finance Authority and were one of only eight projects chosen to submit a Phase 2 application;
3. Gained a 30 Year tax abatement on the 10 West End Avenue property and 35% abatement at Homes With Hope.

1. Start construction of a new permament affordable supportive housing facility at 10 West End Avenue.
2. Begin process of gaining site control and Town approvals to begin a permanent affordable supportive housing project at 655 Post Road East, Westport, CT.

IHA tracks its effectiveness using Outcomes Measures. We measure: (1) the average length of stay, (2) the placement of departing clients, (3)the opinions of departing clients through exit interviews, and (4) our effectiveness at obtaining private funding for expanding needs.

Chief Executive Profile

Jeffrey N. Wieser became President/CEO of Homes with Hope in March, 2010. Prior to this position, Jeff was an international banker in New York. He served on the board of Homes with Hope in 1989-90 and since 1995. A 1974 greaduate of Princeton University, Jeff has an M.B. A. from New York University.

Additional Comments

IHA was featured in the Dec 27/Jan 3 2000 issue of Business Week. We were recently designated an outstanding agency by the Connecticut Association of Nonprofits. The President/CEO speaks nationally on issues of suburban homelessness.

Financial Data
From the organization's FORM 990

Revenue and Expenses: Fiscal Year Ending December 31, 2007

Revenue			Expenses
Contributions $1,307,712 Government Grants $186,525 Program Services $59,321 Investments $8,903 Special Events $0 Sales $0 Other $0			Program Services $671,329 Administration $196,994 Other $189,918 Total Expenditures $1,058,241
Total Revenue	$1,562,461		NET GAIN/LOSS	$504,220

Balance Sheet: Fiscal Year Ending December 31, 2007

Notes
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot long survive, but the types of assets and liabilities also must be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Assets	Jan 1, 2007	Dec 31, 2007	Change
Cash & Equivalent	$368,227	$958,443	$590,216
Accounts Receivable	$0	$42	$42
Pledges & Grants Receivable	$103,623	$3,000	$(100,623)
Receivables/Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investments/Securities	$0	$0	$0
Investments/Other	$0	$0	$0
Fixed Assets	$168,042	$154,284	$(13,758)
Other	$1,046,633	$1,197,856	$151,223
Total Assets	$1,686,525	$2,313,625	$627,100
Liabilities	Jan 1, 2007	Dec 31, 2007	Change
Accounts Payable	$65,169	$66,440	$1,271
Grants Payable	$0	$0	$0
Deferred Revenue	$1	$0	$(1)
Loans and Notes	$142,481	$265,191	$122,710
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$15,123	$14,023	$(1,100)
Total Liabilities	$222,774	$345,654	$122,880
FUND BALANCE	$1,463,751	$1,967,971	$504,220

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