Family Promise Metrowest Inc
- Assets
- $2.9m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 11
- Location
- Natick, MA
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-5963640
Organization Overview
Family Promise Metrowest Inc is located in Natick, MA. The organization was established in 2007. 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 12/2023, Family Promise Metrowest Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Promise Metrowest 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 12/2023, Family Promise Metrowest Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. 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
TO TRANSFORM THE LIVES OF FAMILIES WITH CHILDREN WHO ARE FACING HOMELESSNESS BY MOBILIZING A DIVERSE COMMUNITY TO PROVIDE SHELTER, EDUCATION AND COMPREHENSIVE SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER: THE SHELTER PROGRAM OFFERS TEMPORARY HOUSING, MEALS, AND SUPPORTIVE COACHING TO HARD-WORKING FAMILIES WITH CHILDREN. WITH OUR RECENT TRANSITION TO A STATIC SITE MODEL WITH 3 AVAILABLE UNITS FOR OUR SHELTER WE'VE BEEN SUCCESSFUL THUS FAR IN OUR GOAL OF DECREASING THE LENGTH OF SHELTER STAY FROM AN AVERAGE OF 140 DAYS TO 90 DAYS AND INCREASING THE NUMBER OF FAMILIES SERVED.
SUSTAINING ACHIEVEMENTS FOR INDEPENDENT LIVING (SAIL): THE SAIL PROGRAM ENSURES LONG-TERM STABILITY FOR FAMILIES BY PROVIDING ONGOING COACHING AND HOUSING SUBSIDIES AS THEY TRANSITION FROM OUR SHELTER BACK INTO APARTMENTS.
THE LIFE PROGRAM SUPPORTS FAMILIES FACING EVICTION OR IMMINENT SHELTER ENTRY. FOR FAMILIES FACING HOUSING LOSS, WE PROVIDE SUBSIDIES TO PAY OFF RENT IN ARREARS, ADVOCACY WITH LANDLORDS, AND UP TO ONE YEAR OF INDIVIDUALIZED COACHING TO WORK ON GOALS THAT ADDRESS THE ROOT CAUSES OF THEIR HOUSING INSTABILITY. WE KNOW THAT THE MOST EFFECTIVE WAY TO PREVENT FAMILY HOMELESSNESS IS TO STOP IT BEFORE IT HAPPENS. OUR LIFE PROGRAM IS GROWING AT AN ALARMING RATE DUE TO THE HIGH COST OF LIVING AND HOUSING IN METROWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emmanuel Badoo Director | Trustee | 2 | $0 |
Heather Connolly Clerk | OfficerTrustee | 5 | $0 |
Kelli Connors Chair | OfficerTrustee | 10 | $0 |
Harriett Hallagan Director | Trustee | 2 | $0 |
Daniel Seaman Treasurer | OfficerTrustee | 5 | $0 |
Dayanna Moreno ESQ Former Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $319,874 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,494 |
| Noncash contributions included in lines 1a–1f | $27,703 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,316,368 |
| Total Program Service Revenue | $0 |
| Investment income | $17,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74 |
| Net Income from Fundraising Events | -$1,305 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $203,967 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,846 |
| Compensation of current officers, directors, key employees. | $34,462 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $544,873 |
| Pension plan accruals and contributions | $16,834 |
| Other employee benefits | $48,413 |
| Payroll taxes | $62,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $53,384 |
| Advertising and promotion | $0 |
| Office expenses | $52,270 |
| Information technology | $36,375 |
| Royalties | $0 |
| Occupancy | $39,966 |
| Travel | $3,219 |
| 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 | $8,500 |
| Depreciation, depletion, and amortization | $50,691 |
| Insurance | $11,129 |
| All other expenses | $0 |
| Total functional expenses | $1,342,039 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $286,414 |
| Savings and temporary cash investments | $576,812 |
| Pledges and grants receivable | $101,000 |
| Accounts receivable, net | $0 |
| 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 | $8,088 |
| Net Land, buildings, and equipment | $1,880,283 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,698 |
| Total assets | $2,857,295 |
| Accounts payable and accrued expenses | $46,457 |
| 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 | $0 |
| Total liabilities | $46,457 |
| Net assets without donor restrictions | $2,756,037 |
| Net assets with donor restrictions | $54,801 |
| 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 | $2,857,295 |