Just A Start Inc
- Assets
- $50.0m
- Revenue
- $11.4m
- Investments
- $0.0
- Employees
- 62
- Location
- Cambridge, MA
- Founding
- 05/1971
- Data as of
- 12/2022
- EIN
- 23-7121174
Organization Overview
Just A Start Inc is located in Cambridge, MA. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Just A Start Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Just A Start 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 12/2022, Just A Start Inc generated $11.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $13.6m during the year ending 12/2022. While expenses have increased by 8.3% 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.
Since 2015, Just A Start Inc has awarded 12 individual grants totaling $5,164,916. 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 PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT - JUST A START HAS DEVELOPED AND CONTINUES TO OWN AND OPERATE 621 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE, HOUSING APPROXIMATELY 1,500 PEOPLE WHO WOULD OTHERWISE BE UNLIKELY TO BE ABLE TO AFFORD APARTMENTS IN THESE EXPENSIVE AND HIGH-OPPORTUNITY CITIES. WE HAVE AN ADDITIONAL 250 NEW AFFORDABLE APARTMENTS IN OUR DEVELOPMENT PIPELINE, WHICH WE EXPECT TO DEVELOP IN THE COMING 4-5 YEARS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR MODERATE-INCOME HOUSEHOLDS, JUST A START HAS ALSO DEVELOPED 130 HOMEOWNERSHIP UNITS. WE ALSO MANAGE THE PRESERVATION, REHAB AND RESALE OF AFFORDABLE UNITS TO ENSURE FUTURE ACCESS TO AFFORDABLE CONDOMINIUMS IN CAMBRIDGE FOR MODERATE-INCOME RESIDENTS.
EDUCATION AND TRAINING - JUST A START'S EDUCATION AND TRAINING PROGRAMS PROVIDE TUITION-FREE PATHWAYS TO CAREERS IN THE REGION'S GROWING EMPLOYMENT SECTORS. OUR ADULT TRAINING PROGRAM, CAREER CONNECT, IS AN INTENSIVE, NINE-MONTH EDUCATION AND TRAINING PROGRAM FOR LOW-INCOME ADULTS TO DEVELOP THE KNOWLEDGE AND CRITICAL PROBLEM-SOLVING SKILLS NEEDED TO ENTER FAMILY-SUSTAINING AND FULFILLING CAREERS IN THE GROWING BIOMEDICAL AND INFORMATION TECHNOLOGY (IT) FIELDS. APPROXIMATELY 85% OF GRADUATES OF THE PROGRAM GAIN EMPLOYMENT WITHIN 6-12 MONTHS OF GRADUATION AND INCREASE THEIR ANNUAL INCOME BY AN AVERAGE OF $20,000. ANOTHER PILLAR OF JUST A START'S EDUCATION AND TRAINING PROGRAMS IS YOUTHBUILD, WHICH ANNUALLY PROVIDES COMPREHENSIVE YOUTH DEVELOPMENT SERVICES TO APPROXIMATELY 64 OUT-OF-SCHOOL YOUTH BETWEEN THE AGES OF 16 AND 24. STUDENTS RECEIVE EDUCATION AND TRAINING THAT LEADS TO A HIGH SCHOOL CREDENTIAL, CONSTRUCTION OR RETAIL INDUSTRY CREDENTIALS, CAREER EXPLORATION, AND EMPLOYMENT.
HOUSING RESOURCES AND SERVICES - JUST A START PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. THROUGH FINANCIAL ASSISTANCE, MEDIATION, AND FOLLOW-UP SERVICES, OUR HOUSING STABILIZATION PROGRAM ALLOWS FAMILIES THREATENED WITH HOMELESSNESS TO REMAIN IN THEIR HOMES OR HELPS THEM FIND NEW AFFORDABLE HOUSING. OUR ECONOMIC MOBILITY PROGRAMS PROVIDE FINANCIAL EDUCATION, ONE-ON-ONE COACHING, AND FREE TAX SERVICES TO LOW-INCOME PEOPLE SEEKING TO IMPROVE THEIR FINANCIAL STATUS AND PROSPECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Munkenbeck President | OfficerTrustee | 4 | $0 |
Zoe Weinrobe Vice President | OfficerTrustee | 5 | $0 |
Samuel Gebru Clerk | OfficerTrustee | 4 | $0 |
Michael R Kuhn Treasurer | OfficerTrustee | 4 | $0 |
Barbara Aiken Director | Trustee | 5 | $0 |
Tara Dendy Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohnreznick Llp Accounting Services | 12/30/22 | $256,905 |
Compass Contracting Llc Construction Consultant | 12/30/22 | $379,360 |
Clifton Larson Allen Llp Financial Consultants | 12/30/22 | $314,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $411,717 |
| Government grants | $2,911,198 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,966,671 |
| Noncash contributions included in lines 1a–1f | $14,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,324,586 |
| Total Program Service Revenue | $1,920,518 |
| Investment income | $263,417 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $80,176 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,435,335 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,091,200 |
| 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. | $196,509 |
| Compensation of current officers, directors, key employees. | $36,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,381,211 |
| Pension plan accruals and contributions | $88,643 |
| Other employee benefits | $329,562 |
| Payroll taxes | $285,513 |
| Fees for services: Management | $4,643 |
| Fees for services: Legal | $2,259 |
| Fees for services: Accounting | $571,396 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $69,832 |
| Fees for services: Investment Management | $34,521 |
| Fees for services: Other | $275,888 |
| Advertising and promotion | $0 |
| Office expenses | $458,741 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $592,269 |
| Travel | $0 |
| 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 | $92,685 |
| Insurance | $0 |
| All other expenses | $233,634 |
| Total functional expenses | $13,586,032 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,264,353 |
| Savings and temporary cash investments | $3,715,216 |
| Pledges and grants receivable | $2,009,130 |
| Accounts receivable, net | $1,588,683 |
| 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 | $219,016 |
| Net Land, buildings, and equipment | $584,655 |
| Investments—publicly traded securities | $4,629,966 |
| Investments—other securities | $0 |
| Investments—program-related | $12,982,628 |
| Intangible assets | $0 |
| Other assets | $21,975,900 |
| Total assets | $49,969,547 |
| Accounts payable and accrued expenses | $1,848,624 |
| 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 | $29,063,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,571,112 |
| Total liabilities | $34,483,461 |
| Net assets without donor restrictions | $11,700,756 |
| Net assets with donor restrictions | $3,785,330 |
| 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 | $49,969,547 |
Grants Awarded
Over the last fiscal year, Just A Start Inc has awarded $5,091,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
RINDGE COMMONS NORTH SUPPORT CORPORATION PURPOSE: GENERAL SUPPORT | $5,045,000 |
BRIDGES HOMEWARD INC PURPOSE: GENERAL SUPPORT | $8,400 |
CAMBRIDGE HEALTH ALLIANCE PURPOSE: GENERAL SUPPORT | $8,400 |
CAMBRIDGE HOUSING AUTHORITY PURPOSE: GENERAL SUPPORT | $10,500 |
COMMUNITY ACTION AGENCY OF SOMERVILLE INC PURPOSE: GENERAL SUPPORT | $10,500 |
INSTITUTE FOR HEALTH AND RECOVERY INC PURPOSE: GENERAL SUPPORT | $8,400 |