Human Services : Homeless Services

Homeless Solutions, Inc.

A hand up, not a hand out

three stars

84.80

540 West Hanover Avenue Suite 100
Morristown, NJ 07960
tel: (973) 993-0900   Web Site
EIN: 22-2491675

Board Leadership
Darla Wilkinson
Chair

CEO
Dan McGuire
Chief Executive Officer

  Score
(out of 100)
Rating
Overall Score & Rating 84.80 three stars
  Financial 80.06 three stars
  Accountability & Transparency 92.00 four stars
This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Homeless Solutions, Inc. was founded in 1983 as Morris Shelter, Inc. Today, Homeless Solutions, Inc. provides shelter for 25 homeless men, 10 homeless women, 19 families and 20 Safe Haven guests. Our guests receive services including case management, transportation to work and necessary appointments, money management and employment assistance, housing search assistance and daily living skills training. Referral services for counseling, substance abuse intervention, and prevention are also provided. Our mission is to offer shelter, services, and supportive housing to homeless and low-income people.

Homeless Solutions, Inc. was founded in 1983 as Morris Shelter, Inc. Today, Homeless Solutions, Inc. provides shelter for 25 homeless men, 10 homeless women, 19 families and 20 Safe Haven guests. Our guests receive services including case management, transportation to work and necessary appointments, money management and employment assistance, housing search assistance and daily living skills training. Referral services for counseling, substance abuse intervention, and prevention are also provided. Our mission is to offer shelter, services, and supportive housing to homeless and low-income people.

Impact & Results Score

Score
75/100
Program Name: Family Shelter, Men's shelter and Women's Shelter
Program Name: Family Shelter, Men's shelter and Women's Shelter

Note: The Impact & Results score currently has no effect on the nonprofit's Star Rating.

The Impact & Results score is a measure of how well a nonprofit delivers on its stated mission. To issue a score, Charity Navigator estimates the actual impact the nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact. Learn more about our Impact & Results methodology here.

Program Activities
Homeless Solutions provides people experiencing homelessness with a temporary place to stay.
Impact Statement
$60 provides a night of shelter for a person experiencing homelessness.
Assessment Benchmark
Impact & Results scores of emergency shelters are based on the cost of providing a night of shelter relative to the Fair Market Rent in that county. Programs receive an Impact & Results score of 100 if they are less than 200% the cost of a meal and a score of 75 if they are less than 400%. If a nonprofit reports impact but doesn't meet the threshold for cost-effectiveness, it earns a score of 50.
Methodology
ImpactMatters analyzed publicly available data to rate the cost-effectiveness of Homeless Solutions, Inc..
Data Source
We look for self-reported shelter nights. If we cannot find this information we estimate it using HIC data.
Method for Attributing Outcomes
We assume that the provision of shelter by one nonprofit does not diminish the provision of shelter by any other (neighboring) nonprofit. We also assume there is, in general, no slack capacity in the homeless shelter system. In the absence of a given shelter, beneficiaries would not be able to stay at another shelter because other shelters are assumed to have no beds to spare. We therefore set the counterfactual to zero.
Details
Analysis conducted by ImpactMatters and published on November 22, 2019.
This impact information is current as of September 2020, when it was provided to us by ImpactMatters. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

80.06

Accountability & Transparency

four stars

92.00

This rating was published 05/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
78.6%
  Administrative Expenses 10.4%
  Fundraising Expenses 10.8%
  Fundraising Efficiency $0.14
  Working Capital Ratio (years) 3.37
  Program Expenses Growth 1.9%
  Liabilities to Assets 32.8%
All data for Financial Performance Metrics calculations was provided by Homeless Solutions, Inc. on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Homeless Solutions, Inc. on recent 990s filed with the IRS.
REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,425,463
   Federated Campaigns $12,630
   Membership Dues $0
   Fundraising Events $676,762
   Related Organizations $0
   Government Grants $1,616,737
Total Contributions $3,731,592
   Program Service Revenue $832,497
Total Primary Revenue $4,564,089
   Other Revenue $-69,809
TOTAL REVENUE $4,494,280
   
EXPENSES  
   Program Expenses $3,337,704
   Administrative Expenses $469,897
   Fundraising Expenses $471,927
TOTAL FUNCTIONAL EXPENSES $4,279,528
   
Payments to Affiliates $0
Excess (or Deficit) for the year $214,752
   
Net Assets $13,957,167

Charts

Compensation % of Expenses Paid to Title
$132,914 3.10% Daniel Mcguire CEO

Mission

Homeless Solutions, Inc. was founded in 1983 as Morris Shelter, Inc. Today, Homeless Solutions, Inc. provides shelter for 25 homeless men, 10 homeless women, 19 families and 20 Safe Haven guests. Our guests receive services including case management, transportation to work and necessary appointments, money management and employment assistance, housing search assistance and daily living skills training. Referral services for counseling, substance abuse intervention, and prevention are also provided. Our mission is to offer shelter, services, and supportive housing to homeless and low-income people.

Highly Rated

Charity Name & State Overall Score Overall Rating
Homeless Solutions, Inc. (NJ) 84.80 three stars
Horizon House (IN) 94.96 four stars
Larkin Street Youth Services (CA) 91.05 four stars
Downtown Women's Center (CA) 89.75 three stars
Father Woody's Haven of Hope (CO) 87.25 three stars

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Charity Contact Info

Homeless Solutions, Inc.
540 West Hanover Avenue
Suite 100
Morristown, NJ 07960
tel: (973) 993-0900
fax: (973) 993-0919
EIN: 22-2491675

Mail donations to:
3 Wing Drive
Suite 245
Cedar Knolls, NJ 07927

Visit Web Site

Board Leadership

Darla Wilkinson
Chair

CEO

Dan McGuire
Chief Executive Officer