Finex House Incorporated
- Assets
- $1.3m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 20
- Location
- Jamaica Plain, MA
- Founding
- 12/1983
- Data as of
- 06/2022
- EIN
- 22-2479325
Organization Overview
Finex House Incorporated is located in Jamaica Plain, MA. The organization was established in 1983. According to its NTEE Classification (P43) the organization is classified as: Family Violence Shelters, under the broad grouping of Human Services and related organizations. As of 06/2022, Finex House Incorporated employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Finex House Incorporated 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, Finex House Incorporated generated $1.5m 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 $1.2m during the year ending 06/2022. While expenses have increased by 4.3% 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
TO PROVIDE WHEELCHAIR ACCESSIBLE, EMERGENCY SHELTER AND COMPREHENSIVE SERVICES - SHELTER PLUS CARE PROGRAM FOR VICTIMS OF DOMESTIC VIOLENCE AND THEIR CHILDREN WHO FALL THROUGH THE CRACKS OF THE EXISTING PROVIDER NETWORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMERGENCY SHELTER FOR BATTERED WOMEN AND THEIR CHILDREN.
TO PROVIDE ADVOCACY AND SUPPORT SERVICES TO BATTERED WOMEN AND THEIR CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather E Bello President | OfficerTrustee | 4 | $0 |
Jeffrey N Katz MD Msc Treasurer | OfficerTrustee | 4 | $0 |
Ester L Kan Clerk | OfficerTrustee | 4 | $0 |
Mavis Young Director | Trustee | 1 | $0 |
Susan Jackson Director | Trustee | 1 | $0 |
Chris Womendez Executive Di | Officer | 40 | $67,962 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,348,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,023 |
| Noncash contributions included in lines 1a–1f | $92,394 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,855 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| 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 | $1,500,896 |
| 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. | $104,417 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $641,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,939 |
| Payroll taxes | $64,367 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,194 |
| Advertising and promotion | $0 |
| Office expenses | $23,231 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,393 |
| Travel | $4,019 |
| 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 | $12,339 |
| Insurance | $7,496 |
| All other expenses | $0 |
| Total functional expenses | $1,233,957 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,489 |
| Savings and temporary cash investments | $405,466 |
| Pledges and grants receivable | $206,194 |
| 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 | $30,538 |
| Net Land, buildings, and equipment | $142,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,679 |
| Total assets | $1,291,278 |
| Accounts payable and accrued expenses | $147,985 |
| 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 | $8,679 |
| Total liabilities | $156,664 |
| Net assets without donor restrictions | $1,134,614 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,291,278 |