HOSPITALITY HOMES INC
Mission Statement
Hospitality Homes provides free short-term housing in volunteer host homes and donated apartments for families and friends of patients seeking care at Boston-area healthcare organizations. Since 1983, this unique home-away-from-home experience has brought a compassionate response as well as emotional and financial relief to guests in need. The thing that makes Hospitality Homes stand out is that we accept all patients- regardless of income level, background, religion, gender identity, sexual orientation, ability, age, or diagnosis. We host people from all over the country and the world, enabling them to receive the care they need – from the medical providers we are so fortunate to have here in Boston.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
74.0% | 87.2% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
15.5% | 10.3% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
10.5% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
137.0% | 236.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
15.7 mo | 12.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
10.7% | 39.0% |
P10P90
|
Above median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
86.2% | 89.9% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
-1.4% | 6.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
13.5% | 6.9% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
8.4% | 3.0% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 1.1 million | 2,718 | $25.00 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.3M | $1.2M | $1.6M | 74.0% | 9 |
| 2023 | $1.4M | $1.1M | $1.5M | 71.6% | 10 |
| 2022 | $1.0M | $974K | $1.1M | 69.5% | 10 |
| 2021 | $888K | $935K | N/A | — | 7 |
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