Father Bills & Mainspring Inc
- Assets
- $49.1m
- Revenue
- $41.0m
- Investments
- $1.3m
- Employees
- 362
- Location
- Brockton, MA
- Founding
- 10/1987
- Data as of
- 06/2023
- EIN
- 22-2538039
Organization Overview
Father Bills & Mainspring Inc is located in Brockton, MA. The organization was established in 1987. 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 06/2023, Father Bills & Mainspring Inc employed 362 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Father Bills & Mainspring 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 06/2023, Father Bills & Mainspring Inc generated $41.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $35.6m during the year ending 06/2023. While expenses have increased by 7.6% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FATHER BILLS AND MAINSPRING IS COMMITTED TO ENDING AND PREVENTING HOMELESSNESS IN SOUTHERN MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRIAGE/SHELTER PROGRAMS PROVIDE EMERGENCY SHELTER RELIEF, DAILY NUTRITIONAL MEALS, CASE MANAGEMENT AND EXTENSIVE SOCIAL SERVICES TO HOMELESS FAMILIES, INDIVIDUALS AND TEENS. THE SHORT-TERM HOUSING PROGRAMS PROVIDE SHORT-TERM RENTAL ASSISTANCE AND STABILIZATION SERVICES TO INDIVIDUALS AND FAMILIES MOVING INTO PERMANENT HOUSING.
THE TENANCY PRESERVATION AND PREVENTION PROGRAM ASSISTS FAMILIES TO MAINTAIN THEIR HOUSING AND PROVIDES SUPPORT SERVICES TO PREVENT HOMELESSNESS.
THE PERMANENT SUPPORTIVE HOUSING PROGRAM PROVIDES AFFORDABLE HOUSING TO FORMERLY HOMELESS INDIVIDUALS AND FAMILIES. THE AGENCY OWNS, RENTS AND MANAGES THE UNITS IN THIS PROGRAM.
THE WORKFORCE DEVELOPMENT PROGRAM PROVIDES INDIVIDUALS AND HEADS OF HOUSEHOLDS WITH SKILLS, TRAINING AND CAREER SERVICES TO PREPARE THEM TO JOIN OR REJOIN THE WORKFORCE AND ACHIEVE SELF-SUFFICIENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Kryzanek Chair | OfficerTrustee | 1 | $0 |
Mary Catherine Finn Vice Chair | OfficerTrustee | 1 | $0 |
James Oslin Treasurer | OfficerTrustee | 1 | $0 |
Joyce Hogan Secretary | OfficerTrustee | 1 | $0 |
William Adams Director | Trustee | 1 | $0 |
David K Arnold II Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dellbrook Construction Llc Construction Services | 6/29/23 | $5,047,997 |
Delta-t Group Massachusetts Inc Temporary Staffing Services | 6/29/23 | $426,401 |
Placetailor Elton Hampton Design Llc Architect Services | 6/29/23 | $265,615 |
Hackett Feinberg Pc Legal Services | 6/29/23 | $236,266 |
Stratuspointit It Consulting Services | 6/29/23 | $229,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $300,000 |
| Government grants | $31,312,172 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,124,554 |
| Noncash contributions included in lines 1a–1f | $1,999,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,736,726 |
| Total Program Service Revenue | $2,210,598 |
| Investment income | $56,701 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,684 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,018,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,320,490 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $522,325 |
| Compensation of current officers, directors, key employees. | $522,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,941,455 |
| Pension plan accruals and contributions | $406,629 |
| Other employee benefits | $1,579,266 |
| Payroll taxes | $1,284,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,357 |
| Fees for services: Accounting | $69,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,504 |
| Advertising and promotion | $13,353 |
| Office expenses | $573,735 |
| Information technology | $308,612 |
| Royalties | $0 |
| Occupancy | $6,446,962 |
| Travel | $224,768 |
| 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 | $605,339 |
| Insurance | $62,159 |
| All other expenses | $0 |
| Total functional expenses | $35,632,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,296,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,518,194 |
| Accounts receivable, net | $7,006,466 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,028,236 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,305 |
| Net Land, buildings, and equipment | $11,296,583 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,253,716 |
| Investments—program-related | $0 |
| Intangible assets | $993,128 |
| Other assets | $16,711,032 |
| Total assets | $49,125,387 |
| Accounts payable and accrued expenses | $2,498,220 |
| Grants payable | $0 |
| Deferred revenue | $9,479 |
| 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 | $14,697,318 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $993,128 |
| Total liabilities | $18,198,145 |
| Net assets without donor restrictions | $25,558,025 |
| Net assets with donor restrictions | $5,369,217 |
| 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 | $49,125,387 |
Grants Awarded
Over the last fiscal year, Father Bills & Mainspring Inc has awarded $142,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTELLO WELCOME HOME INC PURPOSE: AFFORDABLE HOUSING | $115,200 |
FORT HILL HOUSING INC PURPOSE: AFFORDABLE HOUSING | $27,000 |