FAMILY PROMISE NORTH SHORE BOSTON INC

EIN: 271801635 501(c)(3) Human Services

BEVERLY, MA

Total Revenue
$511,574
Total Expenses
$501,163
Total Assets
$266,335
Net Assets
$256,321
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MA
Principal Officer
RACHEL HAND
Phone
9789220787
Tax Period
2023-01-01 to 2023-12-31

FAMILY PROMISE NORTH SHORE BOSTON INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $512K in total revenue in fiscal year 2023.

Mission

FAMILY PROMISE NORTH SHORE BOSTON HAS THREE PRIMARY PROGRAMS OF EMERGENCY SHELTER, HOMELESSNESS PREVENTION/SHELTER DIVERSION, AND HOUSING STABILIZATION. AS A PRIVATELY FUNDED ORGANIZATION, WE HAVE THE FLEXIBILITY TO ASSIST FAMILIES IN CREATIVE AND EFFICIENT WAYS THAT OFTEN CANNOT BE DONE THROUGH STATE OR FEDERALLY FUNDED PROGRAMS. WE WORK WITH FAMILIES TO ENSURE THEY CAN ACCESS ANY/ALL RESOURCES THEY ARE ENTITLED TO RECEIVE AND USE OUR OWN FLEXIBLE FUNDING AND RESOURCES TO EXPEDITE THIS PROCESS. WE HELP FAMILIES WHO OFTEN FALL THROUGH THE CRACKS DUE TO BEING OVER INCOME FOR GOVERNMENT SERVICES BUT STILL UNABLE TO AFFORD THE INCREDIBLY HIGH COST OF HOUSING IN MASSACHUSETTS.

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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 $519,551
Program Service Revenue $0
Investment Income $79
Other Revenue $-8,056
TOTAL REVENUE $511,574

Expense Breakdown

Grants Paid $31,549
Salaries & Benefits $358,753
Fundraising Expenses $96,288
Program Expenses $295,691
Other Expenses $110,861
TOTAL EXPENSES $501,163

Year-over-Year Comparison

2023 2022 Change
Revenue $511,574 $482,333 +0.1%
Expenses $501,163 $562,569 -0.1%
Net Income $10,411 $-80,236 -1.1%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
10
Independent Members
10
Employees
7
Volunteers
50

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
$84,000
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL HAND EXECUTIVE DIRECTOR 40
Officer
$84,000 $0 $84,000
JENNIE-REBECCA FALCETTA BOARD MEMBER 1
Director
$0 $0 $0
VERONICA MIRANDA VICE PRESIDENT 1
Officer Director
$0 $0 $0
DALE MILLER BOUTIN CLERK 2
Officer Director
$0 $0 $0
SCOTT MYERS TREASURER 1
Officer Director
$0 $0 $0
DALE EARL BOARD MEMBER 2
Director
$0 $0 $0
VERA MCLAFFERTY BOARD MEMBER 2
Director
$0 $0 $0
MATTHEW PLANO BOARD MEMBER 2
Director
$0 $0 $0
DUNCAN BALLANTYNE BOARD MEMBER 1
Director
$0 $0 $0
DEREK VAN GULDEN BOARD MEMBER 1
Director
$0 $0 $0
LINDA GOODSPEED BOARD MEMBER 1
Director
$0 $0 $0
CHERI MARQUART BOARD MEMBER 2
Director
$0 $0 $0
EDMUND ATTUQUAYEFIO BOARD MEMBER 1
Director
$0 $0 $0
TUCKER BIXBY PRESIDENT 1
Officer
$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 No data No data No data No data
2023 $511,574 $501,163 $266,335 $10,411
2023 $471,574 $501,163 $216,364 $-29,589
2022 $482,333 $562,569 $242,812 $-80,236
2021 $554,839 $458,604 $324,330 $96,235
2020 $425,177 $299,021 $266,353 $126,156
2019 $307,217 $296,776 $99,411 $10,441
2018 $278,074 $299,319 $86,910 $-21,245
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