HOMES FOR FAMILIES INC

EIN: 043351172 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$659,809
Total Expenses
$350,169
Total Assets
$449,297
Net Assets
$381,104
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
MA
Principal Officer
GABRIELLE VACHERESSE
Phone
6172274188
Tax Period
2020-07-01 to 2021-06-30

HOMES FOR FAMILIES INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $660K in total revenue in fiscal year 2020. Revenue surged 191% from the prior year, signaling strong growth momentum. The organization ran a surplus of $310K, a strong 47% operating margin.

Mission

HOMES FOR FAMILIES IS A STATEWIDE ADVOCACY ORGANIZATION COMMITTED TO ENDING FAMILY HOMELESSNESS THROUGH EMERGENCY AND PERMANENT SOLUTIONS TO INDIVIDUALS AND FAMILY MEMBERS IN MASSACHUSETTS. THE ORGANIZATION UTILIZES A COLLABORATIVE APPROACH, GATHERING INPUT FROM FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS, SERVICE PROVIDERS, AND ADVOCACY AND INFORMATION AND REFERRAL AGENCIES. THE ORGANIZATION EDUCATES, ORGANIZES, AND ADVOCATES FOR IMPROVED PUBLIC POLICIES TO ADDRESS THE ROOT CAUSES OF FAMILY HOMELESSNESS WITH HOLISTIC AND COMMUNITY-BASED SOLUTIONS.

Program Service Accomplishments

Program 1
Expenses: $189,005

ADVOCACY, INFORMATION AND REFERRALPOLICY ADVOCACYGOALS OF THE POLICY ADVOCACY INITIATIVES ARE TO EDUCATE POLICY MAKERS ABOUT SOLUTIONS TO HOMELESSNESS AND TO INCREASE RESOURCES, CHANGE POLICIES, AND...

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ADVOCACY, INFORMATION AND REFERRALPOLICY ADVOCACYGOALS OF THE POLICY ADVOCACY INITIATIVES ARE TO EDUCATE POLICY MAKERS ABOUT SOLUTIONS TO HOMELESSNESS AND TO INCREASE RESOURCES, CHANGE POLICIES, AND MAINTAIN PAST GAINS TO PREVENT AND REDUCE HOMELESSNESS AND INCREASE ECONOMIC MOBILITY IN THE COMMONWEALTH. ACTIVITIES INCLUDE: MEETING WITH LEGISLATORS AND POLICY MAKERS, PROVIDING TESTIMONY, ORGANIZING ADVOCACY EVENTS, MEETING WITH OTHER ADVOCACY GROUPS AND PROVIDING INFORMATION TO LEGISLATORS.COMMUNITY ORGANIZINGTHE ORGANIZATION AIMS TO FOSTER A CULTURE OF CONSUMER DRIVEN PROGRAMMING, SOLUTION-FOCUSED POLICY ADVOCACY AND CIVIC ENGAGEMENT WITHIN THE FAMILY SHELTER COMMUNITY. COMMUNITY ORGANIZING ACTIVITIES HELP TO EDUCATE AND ENGAGE THE BROADER COMMUNITY ABOUT THE REALITIES OF, AND SOLUTIONS TO, FAMILY HOMELESSNESS. ACTIVITIES INCLUDE: VISIONING DAY, FORUMS, EVENTS, COMMUNITY MEETINGS, SOCIAL MEDIA, AND ELECTRONIC COMMUNICATION TO MEMBERS, SPEAKING ENGAGEMENTS AND WORKING WITH THE MEDIA.LEADERSHIP DEVELOPMENTLEADERSHIP DEVELOPMENT INITIATIVES FUNCTION TO INCREASE THE CAPACITY OF FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS AND SHELTER PROVIDERS TO BECOME INVOLVED IN THE COMMUNITY AND IN THE MOVEMENT TO END HOMELESSNESS. THE LEADERSHIP DEVELOPMENT PROGRAM SUPPORTS FAMILIES TO BE ADVOCATES AND HAVE THEIR VOICE, EXPERIENCE AND IDEAS HEARD BY POLICY MAKERS. ACTIVITIES INCLUDE: WORKSHOPS AND TRAININGS, ONGOING COMMITTEES AND GROUPS, INTERNSHIPS AND MENTORING.RESEARCH/EVALUATION/TECHNICAL ASSISTANCERESEARCH AND EVALUATION EFFORTS INCREASE THE ORGANIZATION'S UNDERSTANDING OF THE COMPLEX ISSUES RELATIVE TO FAMILY HOMELESSNESS TO ENHANCE THE EFFECTIVENESS OF THEIR ADVOCACY AND SUPPORT THE DEVELOPMENT OF BEST PRACTICES AND POLICIES. THE ORGANIZATION PROVIDES TECHNICAL ASSISTANCE TO MEMBER AGENCIES, OTHER ORGANIZATIONS AND STATE AGENCIES IN IMPLEMENTING BEST PRACTICES AND ENHANCING THEIR WORK RELATIVE TO CONSUMER ENGAGEMENT, PUBLIC POLICY, AND GENERAL UNDERSTANDING OF FAMILY HOMELESSNESS. ACTIVITIES INCLUDE: LITERATURE REVIEW, SURVEYS, FOCUS GROUPS, INTERVIEWS, DATA ANALYSIS, TRAININGS, AND CONSULTATIONS.INFORMATION AND REFERRALTHE ORGANIZATION PROVIDES STATE-WIDE PHONE REFERRALS TO HOMELESS AND AT RISK FAMILIES TRYING TO ACCESS HOUSING, SHELTER, BENEFITS AND SERVICES. SPECIFICALLY FOR THE CITY OF BOSTON (THE CITY), THE ORGANIZATION ADMINISTERS THE FAMILY SIDE OF A VACANCY CLEARINGHOUSE LINKING HOMELESS FAMILIES IN SHELTERS TO APARTMENTS THAT ARE SET-ASIDE BY THE CITY FOR HOMELESS FAMILIES AND INDIVIDUALS. IN ADDITION, THE ORGANIZATION PARTNERS WITH OTHER AGENCIES TO PROVIDE DIRECT ASSISTANCE TO PREVENT HOMELESSNESS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $651,405
Program Service Revenue $0
Investment Income $4
Other Revenue $8,400
TOTAL REVENUE $659,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,782
Fundraising Expenses $72,090
Program Expenses $189,005
Other Expenses $147,387
TOTAL EXPENSES $350,169

Year-over-Year Comparison

2020 2019 Change
Revenue $659,809 $226,616 +1.9%
Expenses $350,169 $355,389 0.0%
Net Income $309,640 $-128,773 -3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
3
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$64,535
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CICELY JORDAN CO-CHAIR 2.00
Officer Director
$0 $0 $0
GABRIELLE VACHERESSE CO-CHAIR 2.00
Officer Director
$0 $0 $0
BARBARA WARREN TREASURER 2.00
Officer Director
$0 $0 $0
IDONY LISLE CLERK 2.00
Officer Director
$0 $0 $0
ROSA ALMANZAR DIRECTOR 2.00
Director
$0 $0 $0
SARAH BAYER DIRECTOR 2.00
Director
$0 $0 $0
TEKAILA BOLDING DIRECTOR 2.00
Director
$0 $0 $0
ERNESTINE GALLEGOS DIRECTOR 2.00
Director
$0 $0 $0
TINA GOODNOW DIRECTOR 2.00
Director
$0 $0 $0
EMILY LEVINE DIRECTOR 2.00
Director
$0 $0 $0
KELLY HOLLIS DIRECTOR 2.00
Director
$0 $0 $0
NICOLE WILLIAMS DIRECTOR 2.00
Director
$0 $0 $0
LAURA ROSI DIRECTOR 2.00
Director
$0 $0 $0
NICOLE STEWART CHIEF EXEC OFFICER (UNTIL 4/21) 40.00
Officer
$57,092 $7,443 $64,535
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2021 $659,809 $350,169 $449,297 $309,640
2020 $226,616 $355,389 $111,071 $-128,773
2019 $257,167 $435,977 $217,164 $-178,810
2018 $493,482 $351,927 $389,552 $141,555
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