Pine Street Inn Inc is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2024, Pine Street Inn Inc employed 886 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Street Inn 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 06/2024, Pine Street Inn Inc generated $100.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $91.6m during the year ending 06/2024. While expenses have increased by 6.6% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF PINE STREET INN IS TO END HOMELESSNESS.
Describe the Organization's Program Activity:
EMERGENCY SERVICE PROGRAMSPINE STREET INN'S EMERGENCY SERVICE PROGRAMS PROVIDE 100% OF BOSTON'S ADULT HOMELESS STREET OUTREACH AND ONE OF THE LARGEST SINGLE SHARES OF EMERGENCY SHELTER BEDS IN BOSTON. IN FY24, WE PROVIDED SHELTER AND STREET OUTREACH SERVICES TO OVER 5,000 INDIVIDUALS, INCLUDING ENHANCED SERVICES IN ONE SHELTER TO RESPOND TO THE NEEDS OF PEOPLE WITH OPIOID USE DISORDER. THE PROGRAM GOAL IS FIRST TO PRESERVE LIFE SAFETY FOR ALL WHO NEED IT AND, THROUGH ASSESSMENT AND STRATEGIC HOUSING PLACEMENT SERVICES, HELP AND EDUCATE INDIVIDUALS ON THE PROCESSES AND RESOURCES AVAILABLE TO MOVE FROM THE STREET AND SHELTER TO PERMANENT HOUSING AS QUICKLY AS POSSIBLE AND ULTIMATELY PREVENT CHRONIC HOMELESSNESS.
WORKFORCE DEVELOPMENTPINE STREET INN'S WORKFORCE DEVELOPMENT PROGRAMS INCLUDE FOOD SERVICES, JOB TRAINING, EMPLOYMENT SERVICES AND SOCIAL ENTERPRISES. THESE PROGRAMS ARE DESIGNED TO PROVIDE EDUCATIONAL AND TRAINING OPPORTUNITIES TO GAIN SKILLS AND EMPLOYMENT. THE PROGRAM PREPARED, SHIPPED, SERVED, AND DELIVERED 1,314,000 MEALS, OR 3,600 MEALS A DAY, FOR PINE STREET INN SHELTER GUESTS AND OTHER HUMAN SERVICES PROVIDERS, ENGAGING 90 SHELTER AND RE-ENTRY PARTICIPANTS IN A FOOD SERVICE TRAINING PROGRAM. ADDITIONALLY, MORE THAN 40 GUESTS PARTICIPATED IN HOUSEKEEPING TRAINING PROGRAMS. THE PROGRAMS CONTINUE TO EXPAND AND ENHANCE ITS EDUCATIONAL CURRICULUM OFFERINGS IN FINANCIAL LITERACY, DIGITAL LITERACY, AND INTERPERSONAL AND LIFE SKILLS, WHICH ARE SO IMPORTANT IN GETTING AND RETAINING EMPLOYMENT IN THESE TIMES. FURTHERMORE, THE WORKFORCE DEVELOPMENT PROGRAM HAS EXPANDED SERVICE OFFERINGS THAT INCLUDE CORI SEALS, CLOTHING REFERRALS, IDENTIFICATION NEEDS, AND HOUSING PATHWAY REFERRALS. APPROXIMATELY 73% OF TRAINEES PARTICIPATED IN INTERNSHIPS WITH 44 JOB PLACEMENTS WITH AN AVERAGE HOURLY WAGE OF $18.29.PINE STREET'S RESIDENTIAL ADDICTION SERVICES PROGRAM PROVIDES INTENSIVE ROUND-THE-CLOCK SUPPORT AND STRUCTURED INDIVIDUAL AND GROUP BEHAVIORAL HEALTH AND WELLNESS COUNSELING TO HOMELESS INDIVIDUALS LEAVING DETOXIFICATION CENTERS. THE GOAL OF THE PROGRAM IS TO HELP PARTICIPANTS PREVENT RELAPSE AND GAIN MOMENTUM TOWARDS PERMANENT HOUSING. MORE THAN 280 INDIVIDUALS PARTICIPATED IN THE POST-DETOX PROGRAM IN FY24.
PERMANENT SUPPORTIVE HOUSINGPINE STREET'S SUPPORTIVE HOUSING PROGRAM PROVIDES THE LARGEST SINGLE SHARE OF PERMANENT HOUSING DEDICATED TO HOMELESS INDIVIDUALS IN THE CITY. THE GOAL OF THE PROGRAM IS TO ENSURE THAT INDIVIDUALS WITH A LONG HISTORY OF HOMELESSNESS HAVE A PERMANENT HOME AND GAIN GREATER LEVELS OF SELF-SUFFICIENCY OVER TIME THROUGH INDIVIDUAL SERVICE PLANS. THE PROGRAM ENCOMPASSES MORE THAN 960 UNITS OF HOUSING AND THE CLINICAL SUPPORT SERVICES NEEDED TO STABILIZE CHRONICALLY HOMELESS AND DISABLED INDIVIDUALS IN THAT HOUSING. IN FY24, PINE STREET'S HOUSING PROGRAM SUPPORTED 929 INDIVIDUALS IN HOUSING WITH 96% OF THOSE INDIVIDUALS RETAINING THEIR HOUSING. FIFTY-THREE TENANTS REACHED SELF-SUFFICIENCY AND MOVED ON FROM PSI'S SUPPORTIVE HOUSING TO INDEPENDENT COMMUNITY-BASED LIVING. THIS CREATED AN OPPORTUNITY TO OFFER HOUSING TO 53 NEW TENANTS WITHIN OUR EXISTING HOUSING PORTFOLIO.
HOUSING PLACEMENTPINE STREET INN PARTNERS WITH BOTH PUBLIC AND PRIVATE FUNDERS IN DELIVERING HOUSING PLACEMENT AND STABILIZATION SERVICES. IN FY24, OVER 400 INDIVIDUALS FROM THE STREET AND SHELTER WERE HOUSED THROUGH THESE SERVICES. OUR SERVICES ARE BASED ON EVIDENCE-BASED MODELS, INNOVATION AND ONGOING RESEARCH, WHICH LEVERAGES ALL POSSIBLE RESOURCES TO BRING INDIVIDUALS OUT OF HOMELESSNESS AS QUICKLY AS POSSIBLE. OUR HOUSING PLACEMENT SERVICES START AT THE FRONT DOOR WITH TRIAGE WHERE WE WORK WITH INDIVIDUALS IMMEDIATELY TO RESOLVE THEIR HOUSING CRISIS. IN FY24, MORE THAN HALF OF THOSE SEEN IN PERSON OR CONNECTED BY PHONE WERE ASSISTED TO FIND AN ALTERNATIVE TO SHELTER. FOR INDIVIDUALS WITH MORE COMPLEX HOUSING BARRIERS, RAPID REHOUSING SERVICES PROVIDE HOUSING SEARCH, INCOME MAXIMIZATION, PLACEMENT AND COMMUNITY-BASED STABILIZATION SERVICES. FOR CHRONICALLY HOMELESS INDIVIDUALS, A SPECIAL HOUSING NAVIGATION TEAM WORKS IN CONJUNCTION WITH THE CITY OF BOSTON CONTINUUM OF CARE TO ENGAGE AND MATCH INDIVIDUALS WITH THE AVAILABILITY OF PERMANENT SUPPORTIVE HOUSING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lorn Davis Chair | OfficerTrustee | 2 | $0 |
James Macphee Treasurer | OfficerTrustee | 2 | $0 |
Megan Gates Clerk | OfficerTrustee | 2 | $0 |
Margaret Stapleton Asst. Clerk | OfficerTrustee | 2 | $0 |
Msgr Francis H Kelley Life Trustee | Trustee | 2 | $0 |
David W Manzo Life Trustee | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pax Care Services Inc Temporary Staffing | 6/29/24 | $2,022,823 |
Soclean Cleaning Co Inc Cleaning Contractor | 6/29/24 | $1,439,573 |
Principal Builders Llc General Contractor | 6/29/24 | $1,566,396 |
Jet Security Llc Security Contractor | 6/29/24 | $1,408,836 |
Boston Public Health Commission Subcontractor | 6/29/24 | $1,037,817 |
Statement of Revenue | |
---|---|
Federated campaigns | $87,222 |
Membership dues | $0 |
Fundraising events | $787,366 |
Related organizations | $0 |
Government grants | $55,300,336 |
All other contributions, gifts, grants, and similar amounts not included above | $27,247,715 |
Noncash contributions included in lines 1a–1f | $1,376,356 |
Total Revenue from Contributions, Gifts, Grants & Similar | $83,422,639 |
Total Program Service Revenue | $9,518,150 |
Investment income | $2,103,127 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $698,749 |
Net Gain/Loss on Asset Sales | $332,873 |
Net Income from Fundraising Events | -$94,540 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $100,233,677 |
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. | $1,345,735 |
Compensation of current officers, directors, key employees. | $1,023,674 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $40,042,868 |
Pension plan accruals and contributions | $738,136 |
Other employee benefits | $4,690,324 |
Payroll taxes | $3,684,375 |
Fees for services: Management | $0 |
Fees for services: Legal | $468,486 |
Fees for services: Accounting | $185,727 |
Fees for services: Lobbying | $70,000 |
Fees for services: Fundraising | $354,194 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $9,765,039 |
Advertising and promotion | $0 |
Office expenses | $1,486,684 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,757,428 |
Travel | $773,181 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $172,659 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,581,954 |
Insurance | $0 |
All other expenses | $96,048 |
Total functional expenses | $91,557,130 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $13,137,230 |
Savings and temporary cash investments | $17,994,186 |
Pledges and grants receivable | $2,942,349 |
Accounts receivable, net | $12,349,681 |
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 | $549,365 |
Net Land, buildings, and equipment | $40,968,682 |
Investments—publicly traded securities | $77,706,568 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $40,649,450 |
Total assets | $206,297,511 |
Accounts payable and accrued expenses | $8,846,572 |
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 | $17,572,293 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $25,691,658 |
Total liabilities | $52,110,523 |
Net assets without donor restrictions | $110,761,794 |
Net assets with donor restrictions | $43,425,194 |
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 | $206,297,511 |