Housing Families Inc
- Assets
- $4.1m
- Revenue
- $10.3m
- Investments
- $0.0
- Employees
- 87
- Location
- Malden, MA
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 04-2925846
Organization Overview
Housing Families Inc is located in Malden, MA. The organization was established in 1987. 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, Housing Families Inc employed 87 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Families 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, Housing Families Inc generated $10.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $10.2m during the year ending 06/2022. While expenses have increased by 6.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TEMPORARY HOUSING AND SUPPORTIVE SERVICES FOR HOMELESS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1986, HOUSING FAMILIES INC. HAS PROVIDED COMPREHENSIVE HOUSING AND WRAPAROUND SERVICES TO 9,000+ HOMELESS, FORMERLY HOMELESS AND HOUSING INSECURE FAMILIES. IN FISCAL YEAR 2022 HOUSING FAMILIES SERVED 3,295 INDIVIDUALS ACROSS ALL PROGRAMS, WHICH INCLUDE EMERGENCY SHELTER AND PERMANENT SUPPORTIVE HOUSING FOR FAMILIES AND INDIVIDUALS. HOUSING FAMILIES CURRENTLY OPERATES 140 SHELTER UNITS AND 86 UNITS OF PERMANENT SUPPORTIVE HOUSING. IN TOTAL, NEARLY 1,000 PEOPLE ARE HOUSING IN OUR SHELTER AND PERMANENT HOUSING EACH YEAR AND EACH HOUSEHOLD RECEIVES COMPREHENSIVE CASE MANAGEMENT. OUR ACADEMIC AND THERAPEUTIC AFTER SCHOOL PROGRAM PROVIDES TUTORING, ENRICHMENT, AND COUNSELING TO YOUTH. THE HOMELESSNESS PREVENTION & LEGAL SERVICES PROGRAM SERVED OVER 1,000 HOUSEHOLDS AND PREVENTED OVER 500 EVICTIONS. HOUSING FAMILIES' NEW PROGRAMS INCLUDE AN ENHANCED CLINICAL MENTAL HEALTH DEPARTMENT, A FOOD PANTRY PROGRAM, AND A WARMING CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Rosi CEO | Officer | 37.5 | $135,544 |
Rae Ann Whalen COO | Officer | 37.5 | $107,082 |
Tom Santry Property Director | 37.5 | $104,969 | |
David Barbato President | OfficerTrustee | 2 | $0 |
Ann Chen Wu MD MPH Vice President | OfficerTrustee | 1 | $0 |
Brian Slater Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,981,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,160,150 |
| Noncash contributions included in lines 1a–1f | $47,284 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,142,126 |
| Total Program Service Revenue | $144,073 |
| Investment income | $0 |
| 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 | $10,289,954 |
| 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. | $265,838 |
| Compensation of current officers, directors, key employees. | $242,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,858,217 |
| Pension plan accruals and contributions | $19,084 |
| Other employee benefits | $214,793 |
| Payroll taxes | $262,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,013 |
| Fees for services: Accounting | $71,797 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $694,939 |
| Advertising and promotion | $0 |
| Office expenses | $235,056 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,558,475 |
| Travel | $46,582 |
| 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 | $24,603 |
| Insurance | $20,083 |
| All other expenses | $84,171 |
| Total functional expenses | $10,210,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $448,409 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500,374 |
| 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 | $313,400 |
| Net Land, buildings, and equipment | $55,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,422,516 |
| Intangible assets | $0 |
| Other assets | $376,899 |
| Total assets | $4,116,642 |
| Accounts payable and accrued expenses | $549,998 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $31,424 |
| Total liabilities | $581,422 |
| Net assets without donor restrictions | $3,448,350 |
| Net assets with donor restrictions | $86,870 |
| 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 | $4,116,642 |