FRESH START FOUNDATION

EIN: 232805137 501(c)(3) Mental Health

LAFAYETTE HILL, PA

Total Revenue
$5,153,482
Total Expenses
$5,466,778
Total Assets
$2,048,765
Net Assets
$-1,208,069
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
PA
Principal Officer
DERRICK YACOVELLI
Phone
6102604600
Tax Period
2023-07-01 to 2024-06-30

FRESH START FOUNDATION, founded in 1995, is a community nonprofit in the Mental Health sector that reported $5.2M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

PROVIDE A CLEAN AND SOBER ENVIRONMENT FOR INDIVIDUALS WITHOUT A PLACE TO LIVE IN THE COMMUNITY WHILE RECEIVING SUBSTANCE ABUSE TREATMENT IN A LICENSED OUTPATIENT, INTENSIVE OUTPATIENT OR PARTIAL HOSPITALIZATION PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $4,829,992 Revenue: $5,142,190

FRESH START HOUSING AND SUPPORTIVE SERVICE PROGRAMS ARE FOR VETERANS AND INDIVIDUALS WITH A HISTORY OF HOMELESSNESS, ADDICTION, AND/OR VARYING DEGREES OF BEHAVIORAL HEALTH CHALLENGES. WE HAVE 6...

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FRESH START HOUSING AND SUPPORTIVE SERVICE PROGRAMS ARE FOR VETERANS AND INDIVIDUALS WITH A HISTORY OF HOMELESSNESS, ADDICTION, AND/OR VARYING DEGREES OF BEHAVIORAL HEALTH CHALLENGES. WE HAVE 6 RECOVERY HOUSES AND 2 VETERANS PROGRAMS IN THE CITY OF PHILADELPHIA THAT ARE DESIGNED TO ENSURE OUR RESIDENTS HAVE SAFE AND SUPPORTIVE HOUSING, AND WE HELP CONNECT THEM WITH RESOURCES TO ADDRESS THEIR PHSYCIAL AND MENTAL HEALTH NEEDS, INCOME, AND FUTURE HOUISING PLANS. IN FY24: - OUR VETERANS HEALTHCARE FOR HOMELESS VETERANS (HCHV) PROGRAM DISCHARGED 63% OF OUR VETERANS TO PERMANENT HOUSING. THIS PROGRAM WAS AWARDED A NEW 1-YEAR CONTRACT TO CONTINUE ITS SERVICES DUE TO OUR SUCCESS. - OUR VETERANS GRANT AND PER DIEM (GPD) PROGRAM DISCHARGED 64% OF OUR VETERANS TO PERMANENT HOUSING. THIS PROGRAM WAS AWARDED A NEW 3-YEAR GRANT TO CONTINUE ITS SERVICES DUE TO OUR SUCCESS. - THE RESIDENTS THAT LIVE IN OUR RECOVERY HOUSES, WHICH ARE FUNDED BY PHILADELPHIA'S OFFICE OF ADDICTION SERVICES (OAS) TESTED NEGATIVE FOR DRUGS AND/OR ALCOHOL IN 75% OF THEIR LAB TESTS. THESE PROGRAMS WERE AWARDED A NEW 1-YEAR CONTRACT TO CONTINUE ITS SERVICES DUE TO OUR SUCCESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $49
Program Service Revenue $5,142,190
Investment Income $0
Other Revenue $11,243
TOTAL REVENUE $5,153,482

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,739,358
Fundraising Expenses $0
Program Expenses $4,829,992
Other Expenses $2,727,420
TOTAL EXPENSES $5,466,778

Year-over-Year Comparison

2023 2022 Change
Revenue $5,153,482 $6,051,168 -0.1%
Expenses $5,466,778 $5,972,680 -0.1%
Net Income $-313,296 $78,488 -5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
2
Employees
101
Volunteers
N/A

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
3
$1,112,960
Total Directors
5
$1,252,930
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DERRICK YACOVELLI TREASURER/SECRETARY/CFO 0.50
Officer Director
$0 $36,981 $775,262
MALCOLM MUSGROVE VP/VP, ABH 0.50
Officer Director
$0 $30,729 $337,698
DENNIS MASSOTT EXECUTIVE DIRECTOR 37.50
Director
$0 $26,284 $139,970
SYLVIA PURNELL DIRECTOR 1.00
Director
$0 $0 $0
ROBERT NIX III ESQ PRESIDENT 0.50
Officer 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
2025 No data No data No data No data
2024 $5,153,482 $5,466,778 $2,048,765 $-313,296
2023 $6,051,168 $5,972,680 $3,144,464 $78,488
2022 $6,066,712 $6,144,772 $2,477,058 $-78,060
2021 $5,960,246 $6,132,622 $1,917,109 $-172,376
2020 $6,063,347 $5,930,295 $1,310,099 $133,052
2019 $5,628,257 $5,578,873 $1,102,763 $49,384
2018 $4,934,079 $4,962,933 $1,280,388 $-28,854
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