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 06/2022, Pine Street Inn Inc employed 814 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 06/2021, Pine Street Inn Inc generated $83.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $72.9m during the year ending 06/2021. While expenses have increased by 5.1% 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
2021
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:
Part 3 - Line 4a
PINE STREET INN'S EMERGENCY SERVICE PROGRAMS PROVIDE 100% OF BOSTON'S ADULT HOMELESS STREET OUTREACH AND THE LARGEST SINGLE SHARE OF EMERGENCY SHELTER BEDS IN BOSTON. IN FY22, WE PROVIDED SHELTER AND STREET OUTREACH SERVICES TO OVER 4,500 INDIVIDUALS, INCLUDING A TEMPORARY AUXILIARY SHELTER AS PART OF A COVID RESPONSE. THE PROGRAM ALSO 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.
PERMANENT SUPPORTIVE HOUSINGPINE STREET'S SUPPORTIVE HOUSING PROGRAM PROVIDES THE LARGEST SINGLE SHARE - 30% - 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 850 UNITS OF HOUSING AND THE CLINICAL SUPPORT SERVICES NEEDED TO STABILIZE CHRONICALLY HOMELESS AND DISABLED INDIVIDUALS IN THAT HOUSING. IN FY'22, PINE STREET'S HOUSING PROGRAM SUPPORTED 932 INDIVIDUALS IN HOUSING WITH 96% OF THOSE INDIVIDUALS RETAINING THEIR HOUSING. THIRTY 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 30 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 FY22, 380 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 FY22, 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 |
---|---|---|---|
Lyndia Downie President & Executive Director | Officer | 40 | $283,771 |
April Stevens Chief Program Officer (term Ended 12/31/21) | Officer | 40 | $204,830 |
Alicia Ianiere Chief Advancement Officer (term Ended 6/18/21) | Officer | 40 | $201,033 |
Marla Strickland Vice President Of Advancement Operations | 40 | $183,485 | |
Andrew Zozom VP Of Ops (until 12/31/21) Interim Chief Of Ops | Officer | 40 | $183,044 |
Kara Stepanian Senior Director Of Campaign & Individual Giving | 40 | $179,009 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Soclean Cleaning Co Inc Cleaning Contractor | 6/29/22 | $1,484,773 |
Complete Staffing Solutions Inc Temporary Staffing | 6/29/22 | $699,054 |
Delta Personnel Services Inc Temporary Staffing | 6/29/22 | $608,307 |
Longwood Security Services Inc Security Contractor | 6/29/22 | $1,100,464 |
Pax Care Services Inc Temporary Staffing | 6/29/22 | $1,379,892 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $71,293,128 |
Investment income | $2,387,380 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $441,846 |
Net Gain/Loss on Asset Sales | $25,070 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $83,069,628 |
Statement of Expenses | |
---|---|
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. | $1,061,227 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $29,323,327 |
Pension plan accruals and contributions | $562,571 |
Other employee benefits | $3,766,976 |
Payroll taxes | $2,953,521 |
Fees for services: Management | $0 |
Fees for services: Legal | $404,298 |
Fees for services: Accounting | $144,635 |
Fees for services: Lobbying | $54,376 |
Fees for services: Fundraising | $374,365 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $7,126,725 |
Advertising and promotion | $0 |
Office expenses | $1,100,415 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $13,884,317 |
Travel | $504,218 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $268,601 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,657,893 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $72,936,562 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $28,136,491 |
Savings and temporary cash investments | $500,000 |
Pledges and grants receivable | $8,560,281 |
Accounts receivable, net | $9,563,764 |
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 | $854,492 |
Investments—publicly traded securities | $60,247,874 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $10,748,260 |
Total assets | $152,996,753 |
Accounts payable and accrued expenses | $7,145,101 |
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 | $19,439,772 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $124,528 |
Total liabilities | $26,709,401 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $126,287,352 |
Over the last fiscal year, we have identified 19 grants that Pine Street Inn Inc has recieved totaling $198,912.
Awarding Organization | Amount |
---|---|
Franklin Square House Belmont, MA PURPOSE: HOUSING AND SHELTER GRANTS | $41,970 |
Oakfield Foundation Belmont, MA PURPOSE: FUNDING OF CHARITABLE OPERATIONS | $40,000 |
A Hand Up Charitable Foundation Leominster, MA PURPOSE: OPERATIONS | $25,000 |
Meredith E Drench Charitable Tr Newburyport, MA PURPOSE: SHELTER/FOOD | $15,942 |
Yale Charitable Foundation Stoughton, MA PURPOSE: CHARITABLE | $15,000 |
Brown Charitable Foundation Newton, MA PURPOSE: GENERAL SUPPORT | $15,000 |
Beg. Balance | $22,679,514 |
Earnings | -$3,957,693 |
Net Contributions | $9,477,557 |
Other Expense | $384,381 |
Ending Balance | $27,814,997 |
Organization Name | Assets | Revenue |
---|---|---|
Pine Street Inn Inc Boston, MA | $152,996,753 | $83,069,628 |
Homes For The Homeless Inc New York, NY | $10,568,614 | $34,991,198 |
Mental Health Association Inc Springfield, MA | $24,503,185 | $33,817,853 |
Massachusetts Housing And Shelter Alliance Inc Boston, MA | $14,798,705 | $19,380,328 |
Crossroads Rhode Island Providence, RI | $33,809,846 | $18,689,220 |
Saint Francis House Inc Boston, MA | $32,573,863 | $23,473,154 |
Emmaus Inc Haverhill, MA | $9,664,001 | $8,628,211 |
Housing Families Inc Malden, MA | $3,872,051 | $8,658,783 |
Broadway Housing Communities Inc New York, NY | $14,007,162 | $9,859,889 |
Connecticut Coalition To End Homelessness Inc Hartford, CT | $5,519,613 | $6,168,107 |
Polish Community Center Of Buffalo Inc Buffalo, NY | $10,138,351 | $5,590,948 |
Somerville Homeless Coalition Incorporated Somerville, MA | $2,665,813 | $5,904,274 |