FAMILY PROMISE METROWEST INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

DANIEL SEAMAN

Phone

5083184820

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE METROWEST INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO TRANSFORM THE LIVES OF FAMILIES WITH CHILDREN FACING HOMELESSNESS BY MOBILIZING A DIVERSE COMMUNITY TO PROVIDE SHELTER, EDUCATION AND COMPREHENSIVE SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $225,527

SHELTER: THE SHELTER PROGRAM OFFERS TEMPORARY HOUSING, MEALS, AND SUPPORTIVE COACHING TO HARD-WORKING FAMILIES WITH CHILDREN. WITH OUR RECENT TRANSITION TO A STATIC SITE MODEL WITH 3 AVAILABLE UNITS FOR OUR SHELTER WE'VE BEEN SUCCESSFUL THUS FAR IN OUR GOAL OF DECREASING THE LENGTH OF SHELTER STAY FROM AN AVERAGE OF 140 DAYS TO 90 DAYS AND INCREASING THE NUMBER OF FAMILIES SERVED.

Program 2

Expenses: $168,699

SUSTAINING ACHIEVEMENTS FOR INDEPENDENT LIVING (SAIL): THE SAIL PROGRAM ENSURES LONG-TERM STABILITY FOR FAMILIES BY PROVIDING ONGOING COACHING AND HOUSING SUBSIDIES AS THEY TRANSITION FROM OUR...

SUSTAINING ACHIEVEMENTS FOR INDEPENDENT LIVING (SAIL): THE SAIL PROGRAM ENSURES LONG-TERM STABILITY FOR FAMILIES BY PROVIDING ONGOING COACHING AND HOUSING SUBSIDIES AS THEY TRANSITION FROM OUR SHELTER BACK INTO APARTMENTS.

Program 3

Expenses: $489,641

THE LIFE PROGRAM SUPPORTS FAMILIES FACING EVICTION OR IMMINENT SHELTER ENTRY. FOR FAMILIES FACING HOUSING LOSS, WE PROVIDE SUBSIDIES TO PAY OFF RENT IN ARREARS, ADVOCACY WITH LANDLORDS, AND UP TO ONE YEAR OF INDIVIDUALIZED COACHING TO WORK ON GOALS THAT ADDRESS THE ROOT CAUSES OF THEIR HOUSING INSTABILITY. WE KNOW THAT THE MOST EFFECTIVE WAY TO PREVENT FAMILY HOMELESSNESS IS TO STOP IT BEFORE IT HAPPENS. OUR LIFE PROGRAM IS GROWING AT AN ALARMING RATE DUE TO THE HIGH COST OF LIVING AND HOUSING IN METROWEST.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,583,705

Program Service Revenue $0

Investment Income $24,285

Other Revenue $-6,725

TOTAL REVENUE $1,601,265

Expense Breakdown

Grants Paid $362,656

Salaries & Benefits $960,509

Fundraising Expenses $196,069

Program Expenses $1,226,086

Other Expenses $319,139

TOTAL EXPENSES $1,642,304

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,601,265	$1,336,603	+0.2%
Expenses	$1,642,304	$1,342,039	+0.2%
Net Income	$-41,039	$-5,436	+6.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

189

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

$143,628

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIELLE CONTI	EXECUTIVE DIRECTOR	40.00	Officer	$132,212	$11,416	$143,628
KELLI CONNORS	CHAIR	10.00	Officer Director	$0	$0	$0
DANIEL SEAMAN	TREASURER	5.00	Officer Director	$0	$0	$0
HEATHER CONNOLLY	CLERK	5.00	Officer Director	$0	$0	$0
DEAN BLACKEY	DIRECTOR	2.00	Director	$0	$0	$0
HARRIETT HALLAGAN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS TEICH	DIRECTOR	2.00	Director	$0	$0	$0
DELISA JOSEPH	DIRECTOR	2.00	Director	$0	$0	$0
LI MORRISON	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH MASTERSON	DIRECTOR	2.00	Director	$0	$0	$0
NICK BALSTER	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN LOPEZ	FORMER DIRECTOR	2.00	Director	$0	$0	$0

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
2024	$1,601,265	$1,642,304	$2,789,339	$-41,039
2023	$1,336,603	$1,342,039	$2,857,295	$-5,436
2022	$1,112,036	$1,152,127	$2,867,265	$-40,091
2021	$1,605,700	$1,024,764	$2,984,304	$580,936
2020	$1,409,694	$946,261	$2,348,898	$463,433
2019	$973,205	$751,749	$1,855,149	$221,456
2018	$1,103,761	$671,847	$2,052,561	$431,914