THE HAVEN PROJECT INC

EIN: 453797693 501(c)(3)

LYNN, MA

Total Revenue
$713,158
Total Expenses
$881,476
Total Assets
$950,315
Net Assets
$918,363
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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
TRACEY SCHERRER
Phone
7819135738
Tax Period
2023-01-01 to 2023-12-31

THE HAVEN PROJECT INC, founded in 2011, is a small nonprofit that reported $713K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. Expenses of $881K exceeded revenue, resulting in a 24% operating deficit.

Mission

FOUNDED IN 2011, THE HAVEN PROJECT, INC. (THE ORGANIZATION) IS A NOT-FOR-PROFIT ORGANIZATION OPERATING OUT OF LYNN, MA, WITH THE MISSION TO EQUIP, TRAIN, AND EMPOWER AT RISK HOMELESS YOUNG ADULTS BY PROVIDING THEM WITH THE BASIC NEEDS, ONLINE LEARNING, EDUCATIONAL SUPPORT, JOB TRAINING AND JOB ACQUISITION, STABLE LIVING OPTIONS, AND OPPORTUNITIES TO BUILD COMMUNITY AND LIFE SKILLS.

Program Service Accomplishments

Program 1
Expenses: $258,100 Revenue: $78,585

MAINTAINED AND STAFFED COFFEE SHOP OPEN TO THE PUBLIC BY PROVIDING JOBS, TRAINING, AND PUBLIC SERVICE EXPERIENCE FOR AT-RISK YOUNG ADULTS.

Program 2
Expenses: $202,716 Revenue: $31,880

DROP-IN CENTER PROVIDED AT-RISK HOMELESS YOUNG ADULTS WITH BASIC NEEDS, FOOD, EDUCATION AND JOB TRAINING.*ENGAGED OVER 300 HOMELESS UNACCOMPANIED THROUGH ONGOING SOCIAL MEDIA CONTACT, STREET...

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DROP-IN CENTER PROVIDED AT-RISK HOMELESS YOUNG ADULTS WITH BASIC NEEDS, FOOD, EDUCATION AND JOB TRAINING.*ENGAGED OVER 300 HOMELESS UNACCOMPANIED THROUGH ONGOING SOCIAL MEDIA CONTACT, STREET OUTREACH, AND COMMUNITY RELATIONSHIPS; *PROVIDED GROCERY GIFT CARDS AND YEAR-ROUND ACCESS TO OUR ON-SITE FOOD PANTRY, LAUNDRY FACILITIES AND SHOWER FACILITIES; *MAINTAINED ONGOING PHONE/SOCIAL MEDIA/EMAIL CONTACT WITH 45 YOUTH EACH WEEK; *ENROLLED 100% OF ENGAGED CLIENTS IN MASS HEALTH AND/OR SNAP FOOD STAMP BENEFITS; *EMPLOYED 53 CLIENTS IN OUR JOB TRAINING PROGRAM WHERE THEY WERE ABLE TO BUILD IMPORTANT WORK SKILLS; *HELPED 75 YOUNG ADULTS SECURE SAFE AND RELIABLE EMPLOYMENT AND PROVIDED IN-PERSON AND/OR VIRTUAL JOB TRAINING WORKSHOPS TO 108 CLIENTS; *DEVELOPED 10 PARTNERSHIPS TO (1) ASSIST CLIENTS AS THEY TRANSITION FROM OUR PROGRAM TO OUTSIDE WORK POSITIONS AND (2) IMPROVE OUR COMMUNITY OUTREACH AND NAME RECOGNITION. THESE INCLUDE THE WASH CYCLE, TARGET, BETH ISRAEL, ROOT, NSCC, AND SALEM STATE UNIVERSITY;*SECURED HOUSING FOR 49 HOMELESS YOUTH IN APARTMENTS, DORMS AND/OR ROOM RENTALS; *ASSISTED 78 CLIENTS TO ACHIEVE AN EDUCATIONAL MILESTONE, 23 OF WHOM GRADUATED FROM AN EDUCATIONAL PROGRAM - HISET, HIGH SCHOOL, AND/OR COLLEGE; AND STRATEGICALLY SCALING OUR IMPACT WITH FOUR GROUNDBREAKING INITIATIVES: 1. CATALYST: A 23-UNIT PERMANENT, SUPPORTIVE HOUSING PROJECT WITH ON-SITE SERVICES FOR LOW MODERATE INCOME YOUNG ADULTS, WITH ONE HOUSING UNIT FOR A RESIDENT DIRECTOR, AS WELL AS PROGRAM AND OFFICE SPACE. (ANTICIPATED OPENING APRIL 2025)2. THE NEST: WE ARE WORKING CLOSELY WITH LYNN HOUSING AND DEVELOPMENT AND OUR LOCAL YOUTH ACTION BOARD TO CREATE THE NEST, A TRANSITIONAL HOUSING - RAPID REHOUSING PROJECT IN LYNN FOR 24 HOMELESS YOUNG ADULTS. RENOVATIONS ARE CURRENTLY UNDERWAY AND PROGRAMMING IS SET TO BEGIN THIS FALL. 3. EXPANDED CAREER DEVELOPMENT PROGRAM: RECOGNIZING PROGRAM PARTICIPANTS ARE OFTEN UNABLE TO SUSTAIN HOUSING WITH ENTRY-LEVEL PAY, WE DESIGNED A COMPREHENSIVE APPROACH THAT INTEGRATES COMMUNITY PARTNERSHIPS, PERSONAL GOAL SETTING, MENTAL WELL-BEING, FINANCIAL LITERACY, AND TRADITIONAL JOB SKILLS TRAINING.4. "GUARANTEED INCOME" PILOT PROGRAM: A PARTNERSHIP WITH GMA FUNDERS FOUNDATION TO IMPLEMENT A FINANCIAL PROGRAM THAT PROVIDES MONTHLY STIPENDS TO 28 YOUNG ADULTS OVER THE COURSE OF 18 MONTHS. THE HAVEN PROJECT WILL DISTRIBUTE THESE FUNDS AND TRACK PARTICIPANT PROGRESS THROUGH QUALITY OF LIFE SURVEYS.

Program 3
Expenses: $109,192

JOB TRAINING AND HOUSING PROGRAM PROVIDED AT RISK HOMELESS YOUNG ADULTS WITH TEMPORARY SHELTER AND JOB TRAINING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $598,308
Program Service Revenue $110,465
Investment Income $0
Other Revenue $4,385
TOTAL REVENUE $713,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $620,103
Fundraising Expenses $102,463
Program Expenses $570,008
Other Expenses $261,373
TOTAL EXPENSES $881,476

Year-over-Year Comparison

2023 2022 Change
Revenue $713,158 $891,124 -0.2%
Expenses $881,476 $794,817 +0.1%
Net Income $-168,318 $96,307 -2.7%
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
7
Independent Members
7
Employees
11
Volunteers
60

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
$107,213
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEY SCHERRER EXECUTIVE DIRECTOR 40.00
Officer
$104,090 $3,123 $107,213
KURT LANGE PRESIDENT 5.00
Officer Director
$0 $0 $0
ROBERT BISHOP VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CECILIO HERNANADEZ JR TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL A SATTERWHITE CLERK 1.00
Officer Director
$0 $0 $0
THERESA CONTI BOARD MEMBER 1.00
Director
$0 $0 $0
LAUREN KING BOARD MEMBER 1.00
Director
$0 $0 $0
JOYCE CHIANG BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $713,158 $881,476 $950,315 $-168,318
2022 $891,124 $794,817 $1,125,982 $96,307
2021 $1,113,632 $541,130 $1,292,531 $572,502
2020 $716,653 $583,424 $758,481 $133,229
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