Central Massachusetts Housing Alliance Inc
- Assets
- $4.1m
- Revenue
- $29.4m
- Investments
- $0.0
- Employees
- 109
- Location
- Worcester, MA
- Founding
- 02/1985
- Data as of
- 06/2022
- EIN
- 04-2791448
Organization Overview
Central Massachusetts Housing Alliance Inc is located in Worcester, MA. The organization was established in 1985. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Central Massachusetts Housing Alliance Inc employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Massachusetts Housing Alliance 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 06/2022, Central Massachusetts Housing Alliance Inc generated $29.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $29.2m during the year ending 06/2022. While expenses have increased by 11.0% 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.
Since 2015, Central Massachusetts Housing Alliance Inc has awarded 92 individual grants totaling $47,615,652. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD A COLLABORATIVE RESPONSE TO HOMELESSNESS THAT FOSTERS LONG-TERM HOUSING STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ASSISTANCE AND PLACEMENT - PROVIDE HOUSING-RELATED BENEFITS AND SERVICES TO FAMILIES. TENANT AND LANDLORD SERVICES CONSIST OF HOUSING SEARCH, COUNSELING AND THE PREVENTION OF FAMILIES FROM BECOMING HOMELESS. HOUSING PLACEMENT INCLUDES HOUSEHOLD ASSISTANCE FUNDS AND STABILIZATION SERVICES FOR CLIENTS RECEIVING THOSE FUNDS.
FAMILY SHELTER SERVICES - THE ORGANIZATION IS THE LEAD PROVIDER FOR ALL OF THE FAMILY SHELTER, HOUSING SEARCH AND STABILIZATION FUNDS IN WORCESTER. THIS PROGRAM ENCOMPASSES CONGREGATE, CO-HOUSING AND SCATTERED SITES. FUNDING IS PROVIDED BY A STATE CONTRACT.
CONTINUUM OF CARE - PROVIDES TRANSITIONAL AND PERMANENT SUPPORTIVE HOUSING SERVICES TO HOMELESS INDIVIDUALS AND FAMILIES THROUGHOUT WORCESTER COUNTY. THESE PROGRAM GOALS ARE FEDERALLY FUNDED THROUGH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AND THE ORGANIZATION SUB CONTRACTS WITH NON-PROFIT AGENCIES AS SUBRECIPIENTS THROUGHOUT THE COUNTY. THE CONTINUUM OF CARE IS ALSO THE DESIGNATED PLANNING GROUP FOR THE PROVISION OF SERVICES AND PLANNING TO MEET THE NEEDS OF THE HOMELESS AND HOMELESS SUBPOPULATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam Bitar President | OfficerTrustee | 1 | $0 |
Matthew Palmgren Vice President | OfficerTrustee | 1 | $0 |
Sharon Krefetz Secretary | OfficerTrustee | 1 | $0 |
Daniel J Stanhope Treasurer | OfficerTrustee | 1 | $0 |
Jane L Edmonstone Director | Trustee | 1 | $0 |
Ron Hayes Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Alternative Technology Group It Consulting Services | 6/29/22 | $272,411 |
Cliftonlarsonallen Llp Accounting & Finance Services | 6/29/22 | $142,567 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $82,502 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $28,914,348 |
| All other contributions, gifts, grants, and similar amounts not included above | $323,036 |
| Noncash contributions included in lines 1a–1f | $82,764 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,319,886 |
| Total Program Service Revenue | $0 |
| Investment income | $401 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,447,381 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,213,816 |
| Grants and other assistance to domestic individuals. | $13,786,396 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $326,472 |
| Compensation of current officers, directors, key employees. | $283,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,205,238 |
| Pension plan accruals and contributions | $38,935 |
| Other employee benefits | $222,642 |
| Payroll taxes | $368,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,848 |
| Fees for services: Accounting | $260,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,569 |
| Advertising and promotion | $688 |
| Office expenses | $28,438 |
| Information technology | $324,753 |
| Royalties | $0 |
| Occupancy | $1,693,104 |
| Travel | $18,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,862 |
| Insurance | $76,641 |
| All other expenses | $0 |
| Total functional expenses | $29,192,938 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,526,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,000 |
| Accounts receivable, net | $2,192,901 |
| 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 | $206,336 |
| Net Land, buildings, and equipment | $182,913 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,123,695 |
| Accounts payable and accrued expenses | $1,562,214 |
| Grants payable | $0 |
| Deferred revenue | $218,134 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,780,348 |
| Net assets without donor restrictions | $2,276,030 |
| Net assets with donor restrictions | $67,317 |
| 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 | $4,123,695 |
Grants Awarded
Over the last fiscal year, Central Massachusetts Housing Alliance Inc has awarded $7,501,841 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
SOUTH MIDDLESEX OPPORTUNITY COUNCIL INC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $919,336 |
WORCESTER EAST SIDE CDC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $66,783 |
GENESIS CLUB HOUSE INC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $180,944 |
COMMUNITY HEALTHLINK INC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $3,309,030 |
LIVING IN FREEDOM TOGETHER INC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $46,401 |
MAKING OPPORTUNITY COUNT INC PURPOSE: HOUSING AND STABILIZATION ASSISTANCE | $88,777 |