Holyoke, MA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)Providence Ministries for the Needy Inc, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.
To provide for and assist in the feeding, housing and caring for persons in need.
Margaret's Pantry/St. Jude's clothing center (located at 56 Cabot Street) provides monthly food distribution of approximately 75 pounds per person to families and children in need based upon...
Margaret's Pantry/St. Jude's clothing center (located at 56 Cabot Street) provides monthly food distribution of approximately 75 pounds per person to families and children in need based upon referral. Margaret's Pantry is a member of the foodbank of Western MA. Margaret's Pantry helps distribute various perishables and non-perishables from our many local supermarkets/farms and other sources who donate directly. During 2024, Margaret's Pantry had served 32079 individuals. St. Jude's clothing center is located within our pantry area at 56 Cabot Street and provides no/low cost clothing and small household goods to members of our community. St. Jude's is frequently called upon to assist families displaced by natural disasters and/or fires.
Kate's Kitchen (located at 51 Hamilton Street) is a community kitchen open to the general public for a hot, nutritious noontime meal 365 days a year, no questions asked. The Kitchen serves between...
Kate's Kitchen (located at 51 Hamilton Street) is a community kitchen open to the general public for a hot, nutritious noontime meal 365 days a year, no questions asked. The Kitchen serves between 90-200 meals daily and disburses additional food to guests, based on availability. Kate's Kitchen is a member of the foodbank of Western MA and helps distribute various perishables from our many local supermarkets/farms and other sources who donate directly. During 2024, Kate's Kitchen had served over 72,000 meals to men, women and children and the elderly in our community.
Loreto House (located at 51 Hamilton Street) is a safe, sober home offering single room occupancy (SRO) rooms to men on their recovery journey. Loreto House is a transitional housing program offering...
Loreto House (located at 51 Hamilton Street) is a safe, sober home offering single room occupancy (SRO) rooms to men on their recovery journey. Loreto House is a transitional housing program offering comprehensive support including: peer-to-peer recovery support, Life skills training, drug and alcohol recovery and employment assistance. Residents are required to pay a program fee. They are provided two hot nutritious meals daily, all utilities, furnished rooms and a safe, supportive, sober environment. Loreto House has up to 30 rooms available with support and provided over 8,400 nights of shelter during the fiscal year. Men transitioning to independent living are subsequently housed at Broderick House (56 Cabot Street) and McCleary Manor (40 Brightside Drive) all in Holyoke.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,570,305 | $2,887,122 | -0.1% |
| Expenses | $2,787,716 | $2,940,759 | -0.1% |
| Net Income | $-217,411 | $-53,637 | +3.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JENNIE ADAMCZYK THRU 052025 | Executive Dir. | 40.00 |
Officer
|
$86,657 | $0 | $86,657 |
| Sr Margaret McCleary SP | Pres. Emeritus | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DOREEN FADUS | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| LYNN IRELAND | Trustee | 0.75 |
Director
|
$0 | $0 | $0 |
| Sr Mary Caritas SP | Trustee | 0.75 |
Director
|
$0 | $0 | $0 |
| MAUREEN O'CONNOR HOLLAND | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| MOLLIE SULLIVAN | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| JOHANNA MALDONADO | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| KENIA L HERNANDEZ | Secretary | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| DANIELLE HAMEL | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| RUTH ROY | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| SHARRON O'DAY | Vice Chair | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| BRENDA MCGIVERIN | Chairman | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| RACHEL DIONNE | Treasurer | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| Sr Maxyne D Schneider SSJ | Trustee | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,570,305 | $2,787,716 | $873,566 | $-217,411 |
| 2023 | $2,887,122 | $2,940,759 | $1,034,364 | $-53,637 |
| 2022 | $1,886,343 | $1,818,883 | $1,032,679 | $67,460 |
| 2021 | $1,849,889 | $1,669,979 | $996,921 | $179,910 |
| 2019 | $1,191,665 | $1,258,026 | $904,498 | $-66,361 |
| 2018 | $1,123,925 | $1,164,557 | $985,913 | $-40,632 |
Compare Providence Ministries for the Needy Inc with other nonprofits in Massachusetts and across the country.