Homeward Bound Pet Adoption Center Inc

Blackwood, New Jersey - EIN 20-0549531 - Latest filing: fiscal 2024 (Jan 1, 2024 - Dec 31, 2024)

HOW TO READ THIS PAGE

How to read this page: every figure below is from the fiscal-2024 Form 990, filed Jun 18, 2026. People named below are shown as reported on the fiscal-2024 Form 990, filed Jun 18, 2026 - the filing is a snapshot of that fiscal year, not a list of current officeholders.

THE FILING IN ONE PARAGRAPH

Homeward Bound Pet Adoption Center Inc reported $3,730,947 in revenue and $3,620,138 in expenses in fiscal 2024, a surplus of $110,809 for the year. Program services took $3,148,554 of expenses, or 87.0%. The organization closed the year with $1,840,543 in net assets - about 6.1 months of expenses at the fiscal-2024 spending level.

At a Glance - Fiscal 2024

All values are fiscal 2024 unless a tile says otherwise.

TOTAL REVENUE - FISCAL 2024
$3,730,947

Up 3.2% from $3,614,876 in fiscal 2023.

TOTAL EXPENSES - FISCAL 2024
$3,620,138

Revenue minus expenses: $110,809 in fiscal 2024.

PROGRAM EXPENSE SHARE - FISCAL 2024
87.0%

$3,148,554 of $3,620,138 went to program services.

NET ASSETS - END OF FISCAL 2024
$1,840,543

Total assets $2,045,205 minus total liabilities $204,662.

TOP EXECUTIVE PAY - FISCAL 2024
$130,000

Kenneth Steranski, Executive Director, as reported on the fiscal-2024 Form 990, filed Jun 18, 2026. Total across all compensation columns.

PEOPLE REPORTED - FISCAL 2024
92 Employees

Plus 271 volunteers reported on the fiscal-2024 Form 990.

Money In, Money Out - Fiscal 2024

Revenue and expenses as reported on the fiscal-2024 Form 990, filed Jun 18, 2026. Donated goods are separated from cash so food and supply donations do not read as cash income.

Where the Money Went - Fiscal 2024

Program Services$3,148,554 (87.0%)
Fundraising$177,315 (4.9%)
Management and General$294,269 (8.1%)

Management and general is the figure reported on the filing (Part IX total); where a filing does not carry it, it is computed as the residual of total expenses minus program and fundraising expenses. Cost to raise a dollar in fiscal 2024: $0.06 - $177,315 in fundraising expenses divided by $2,839,475 in total contributions.

Where the Money Came From - Fiscal 2024

SourceFiscal 2024
Total Contributions$2,839,475
Fundraising Events$62,296
Government Grants$1,992,257
All Other Contributions$784,922
Program Service Revenue$681,714
Investment Income$209,758
Other Revenue$0
Total Revenue (All Sources)$3,730,947

Reserves and Balance Sheet - Fiscal 2024

Reserves and Runway

6.1 Months

of reserves - $1,840,543 in net assets at the end of fiscal 2024, divided by average monthly expenses of about $301,678 in fiscal 2024.

Net assets can include donor-restricted funds, buildings and other assets that cannot be spent like cash. Treat months of reserves as a scale measure, not as cash in the bank.

Balance Sheet - End of Fiscal 2024

Total Assets$2,045,205
Total Liabilities$204,662
Liabilities as Share of Assets10.0%
Net Assets$1,840,543

Leadership Pay - Fiscal 2024

Pay is the summed total across all compensation columns on the Form 990 - pay from the organization, pay from related organizations, and other compensation. People are shown as reported on the fiscal-2024 Form 990, filed Jun 18, 2026.

Name and Title, as ReportedTotal Pay - Fiscal 2024Share of Expenses
Kenneth Steranski - Executive Director$130,0003.59%

The full Part VII table lists every officer, director, trustee and key employee named on the filing, with hours and the same summed total. Compensation is reported for the calendar year ending within the fiscal year, per the Form 990.

Board and Governance - Fiscal 2024

Board and policy answers as reported on the fiscal-2024 Form 990, filed Jun 18, 2026.

Board Roster - as Reported on the Fiscal-2024 Form 990

6 voting members, 6 independent - independence count as reported on the fiscal-2024 Form 990.

Name, as ReportedRole, as Reported
Kenneth SteranskiExecutive Director
Michelle ZebrowskiPresident
Hazel ThompsonVice President
Elizabeth DuganTreasurer
Karen TellerSecretary
Michael MurphyBoard Member
James PietrasBoard Member
Philip GuidaVice President - Until Sept. 2024

Governance Policy Flags - Fiscal 2024

Conflict of Interest PolicyYes - Reported
Whistleblower PolicyNo
Document Retention PolicyYes - Reported
Audited Financial StatementsYes - Reported
Audit CommitteeYes - Reported
Board Size and Independence6 voting / 6 independent

Flags report what the organization answered on the Form 990. A Yes means the policy was reported on the filing; it is not an outside review of how the policy works in practice.

Grants - Fiscal 2024

Grants Made - Fiscal 2024

This organization reported $0 in grants paid and filed no Schedule I for fiscal 2024. The page states that directly instead of leaving a blank grants section. Grantmaking organizations show a full recipient list in this section - recipient name, amount and stated purpose, as reported.

Trend - Revenue

Years are shown only where a filing is held. Missing years are absent, never filled in.

FY23 FY24
Revenue, fiscal 2023 to fiscal 2024 - the two years held on this record.
Fiscal YearRevenueChange
Fiscal 2023 (Prior-Year Column on the Fiscal-2024 Filing)$3,614,876-
Fiscal 2024$3,730,947+3.2%

This table grows to a 10-year view (revenue, expenses, net assets and top pay) as earlier filings for this organization are added to the record. Missing years are absent, never filled in.

Filings on Record

Tax PeriodFormStatusSource
Jan 1, 2024 - Dec 31, 2024Form 990In Force - Filed Jun 18, 2026Original Filing at the IRS

If an amended return is filed, the newest amended return supersedes the earlier one and the table marks which filing is in force.

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