Turning Point Inc
- Assets
- $23.5m
- Revenue
- $28.9m
- Investments
- $0.0
- Employees
- 395
- Location
- Newburyport, MA
- Founding
- 11/1971
- Data as of
- 06/2023
- EIN
- 04-2479435
Organization Overview
Turning Point Inc is located in Newburyport, MA. The organization was established in 1971. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Turning Point Inc employed 395 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turning Point Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Turning Point Inc generated $28.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $28.3m during the year ending 06/2023. While expenses have increased by 5.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TURNING POINT, INC. IS A HUMAN SERVICES ORGANIZATION PROVIDING RESIDENTIAL SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS IN THE NORTH SHORE AND MERRIMACK VALLEY AREAS. OUR MISSION STATEMENT IS AS FOLLOWS: TURNING POINT IS A NON-PROFIT ORGANIZATION THAT IS COMMITTED TO PROVIDING EXCEPTIONAL SERVICES TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. TURNING POINT, INC., WITH ITS TEAM OF DEDICATED EMPLOYEES, STRIVES TO TEACH, EMPOWER AND ENCOURAGE THE INDIVIDUALS TO BE SELF-CONFIDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERRIMACK VALLEY RESIDENTIAL - OUR COMPREHENSIVE APPROACH TO SUPPORTING 56 INDIVIDUALS IN 13 RESIDENTIAL PROGRAMS IN THE MERRIMACK VALLEY, INCLUDES A FULL COMPLEMENT OF CLINICAL, MEDICAL AND SUPPORTIVE SERVICES CATERED TO EACH PERSON'S NEEDS. OUR INDIVIDUALS ARE ENCOURAGED TO BE AS INDEPENDENT AS POSSIBLE AND TO BE A POSITIVE INTEGRAL PART OF THE COMMUNITIES THEY LIVE IN. DIRECT SUPPORT STAFF GUIDE AND ASSIST AS NEEDED DEPENDING ON THE LEVEL OF DISABILITY INVOLVED WITH EACH INDIVIDUAL WE SUPPORT. SOME OF THESE INDIVIDUALS PRESENT NEW CHALLENGES AROUND THEIR INCREASED MEDICAL NEEDS AS THEY BEGIN TO AGE IN PLACE.
NORTH STORE RESIDENTIAL - OUR COMPREHENSIVE APPROACH TO SUPPORTING 76 INDIVIDUALS IN 17 RESIDENTAL PROGRAMS INCLUDES A FULL COMPLEMENT OF CLINICAL, MEDICAL AND SUPPORTIVE SERVICES CATERED TO EACH PERSON'S NEEDS. OUR INDIVIDUALS ARE ENCOURAGED TO BE AS INDEPENDENT AS POSSIBLE AND TO BE A POSITIVE INTEGRAL PART OF THE COMMUNITIES THEY LIVE IN. DIRECT SUPPORT STAFF GUIDE AND ASSIST AS NEEDED DEPENDING ON THE LEVEL OF DISABILITY INVOLVED WITH EACH INDIVIDUAL WE SUPPORT. SOME OF THESE INDIVIDUALS PRESENT NEW CHALLENGES AROUND THEIR INCREASED MEDICAL NEEDS AS THEY BEGIN TO AGE IN PLACE. WE ALSO HAVE ADJUSTED OUR MODELS TO WORK EVEN MORE EFFECTIVELY WITH THOSE INDIVIDUALS, WHO ARE BEING REFERRED TO US, THE "TURNNING 22" INDIVIDUALS WHO HAVE MANY BEHAVIORAL CHALLENGES.
THE INDIVIDUAL SUPPORT SERVICES (ISS) COMPONENT SUPPORTS 50 HIGH FUNCTIONING INTELLECTUALLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS AT ANY GIVEN TIME. THESE INDIVIDUALS RESIDE IN COMMUNITIES WITHIN THE MERRIMACK VALLEY AND NORTH SHORE AREAS. ISS STRIVES TO MEET EACH INDIVIDUAL'S OWN UNIQUE NEEDS AND CAPABILITIES. THE ISS PROGRAM SUPPORTS THESE INDIVIDUALS LIVING ON THEIR OWN AND IN APARTMENTS. INDIVIDUALS ARE PROVIDED WITH PART-TIME ASSISTANCE WITH TRANSPORTATION FOR SHOPPING, BANKING, MEDICAL APPOINTMENTS, TRIPS WITHIN THE COMMUNITY, AND OTHER APPOINTMENTS FOR SOCIALIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Stephen Deorocki Chairperson | OfficerTrustee | 1 | $0 |
Mark D Bailey Vice Chair | OfficerTrustee | 1 | $0 |
Julie Zaleski Treasurer | OfficerTrustee | 1 | $0 |
Scott Eaton Clerk | OfficerTrustee | 1 | $0 |
Gary Davis Director | Trustee | 1 | $0 |
Hillary Perron Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allstaff Staffing Agency | 6/29/21 | $140,926 |
Nixon Peabody Llp Legal Services | 6/29/21 | $116,273 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,829,761 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,410 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,923,171 |
| Total Program Service Revenue | $1,089,619 |
| Investment income | $288,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,955 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,890,524 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $608,288 |
| Compensation of current officers, directors, key employees. | $608,288 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,583,045 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,980,725 |
| Payroll taxes | $1,515,362 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,617 |
| Fees for services: Accounting | $128,809 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,895 |
| Fees for services: Other | $3,925,226 |
| Advertising and promotion | $5,535 |
| Office expenses | $120,960 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,072,633 |
| Travel | $624,255 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,436 |
| Insurance | $34,553 |
| All other expenses | $72,039 |
| Total functional expenses | $28,298,275 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,669,611 |
| Savings and temporary cash investments | $1,011,240 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,436,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $320,520 |
| Net Land, buildings, and equipment | $8,035,963 |
| Investments—publicly traded securities | $2,649,466 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,345,661 |
| Total assets | $23,468,648 |
| Accounts payable and accrued expenses | $1,682,774 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,617,765 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $618,117 |
| Total liabilities | $7,918,656 |
| Net assets without donor restrictions | $15,549,992 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,468,648 |
Grants Awarded
Over the last fiscal year, Turning Point Inc has awarded $46,649 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROWELL SIX INC PURPOSE: Affiliated Housing Support | $17,481 |
WEST WINKLEY INC PURPOSE: Affiliated Housing Support | $6,851 |
MARK EIGHT INC PURPOSE: Affiliated Housing Support | $22,317 |