BuddyPress.org

Okay, just in case anyone else is wanting to do this, my developer helped me implement a solution!!

Here is the function he wrote and placed in the bp-custom.php file.

function add_front_menu_item( ) {

    global $bp;

    $args = array(
        'name' => __('Home', 'buddypress'),
        'slug' => 'front',
        'default_subnav_slug' => 'public',
        'position' => 10,
        'show_for_displayed_user' => false,
        'screen_function' => 'bp_custom_user_nav_item_screen',
        'item_css_id' => 'custom-class'
    );

    bp_core_new_nav_item($args);

I hope this helps someone else save time and frustration!