MERYLS SAFE HAVEN 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

2023

Legal Domicile

Principal Officer

TASIA CEREZO

Phone

5083046158

Tax Period

2024-01-01 to 2024-12-31

MERYLS SAFE HAVEN INC, founded in 2023, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $359K, a strong 24% operating margin.

Mission

MERYL'S SAFE HAVEN, INC. (MSH) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO PROVIDING AND CONNECTING FAMILIES AND YOUNG PEOPLE WHO HAVE AGED OUT OF THE FOSTER CARE SYSTEM WITH SHELTER AND RESOURCES IN OUR COMMUNITY AND BEYOND. WE FOCUS ON THE WHOLE PERSON FOR HOLISTIC SUPPORT TO ADDRESS THE UNDERLYING ISSUES. MSH AIMS TO BE AN IMPETUS FOR CHANGE THAT RECOGNIZES HUMANITY AND THE IMPORTANCE OF COMMUNITY. THROUGH SUPPORT IN PROVIDING FINANCIAL BUDGETING AND MANAGEMENT, IDENTIFYING CHILDCARE AND MENTAL HEALTH RESOURCES, EDUCATION, AND WORKFORCE DEVELOPMENT OPPORTUNITIES, WHILE MEETING THE BASIC NEEDS OF FOOD, SAFETY, AND SHELTER. OUR MISSION IS TO LEVEL THE FIELD OF OPPORTUNITY FOR THOSE WHO ENTER OUR DOORS.

Program Service Accomplishments

Program 1

Expenses: $517,937 Revenue: $0

ON JANUARY 26, 2024, MERYL'S SAFE HAVEN OPENED ITS DOORS TO FAMILIES IN CRISIS THROUGH THE SAFETY NET SHELTER PROGRAM, PROVIDING EMERGENCY ACCOMMODATIONS IN PARTNERSHIP WITH LOCAL ORGANIZATIONS...

ON JANUARY 26, 2024, MERYL'S SAFE HAVEN OPENED ITS DOORS TO FAMILIES IN CRISIS THROUGH THE SAFETY NET SHELTER PROGRAM, PROVIDING EMERGENCY ACCOMMODATIONS IN PARTNERSHIP WITH LOCAL ORGANIZATIONS INCLUDING UNITED WAY OF MASSACHUSETTS BAY, SEVEN HILLS FOUNDATION, UNITED WAY OF CENTRAL MASSACHUSETTS, AND CATHOLIC CHARITIES WORCESTER COUNTY. THIS RAPID RESPONSE PARTNERSHIP DEMONSTRATED MSH'S CAPACITY TO ADDRESS URGENT, UNMET NEEDS IN OUR COMMUNITY. FROM JANUARY 26, 2024, TO MAY 23, 2025, THIS INITIATIVE SUPPORTED 137 PEOPLE, INCLUDING 34 FAMILIES; 28 CHILDREN AGE FIVE AND UNDER; 47 CHILDREN AGES 6-18; AND 62 ADULTS AS HEADS OF HOUSEHOLD. AFTER STAYING WITH SAFETY NET, 24 FAMILIES TRANSITIONED TO OTHER EMERGENCY ASSISTANCE (EA) SHELTER PLACEMENTS; NINE EXITED TO NON-EA PLACEMENTS; AND ONE TRANSFERRED TO ANOTHER SAFETY NET FACILITY. THE PROGRAM WAS HONORED BY WORCESTER CITY COUNCIL DURING NATIONAL PUBLIC HEALTH WEEK.

Program 2

Expenses: $451,429 Revenue: $0

IN PARTNERSHIP WITH THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES, MSH PROVIDES EMERGENCY HOUSING ASSISTANCE FOR FAMILIES IN CRISIS. THIS PROGRAM IS AVAILABLE BY REFERRAL ONLY THROUGH THE STATE'S EMERGENCY ASSISTANCE SYSTEM. OUR CONGREGATE AND SCATTERED SITE LOCATIONS OPENED ON APRIL 9, 2024. SINCE LAUNCH, MERYL'S SAFE HAVEN HAS SUPPORTED 82 INDIVIDUALS: 26 CHILDREN AGES FIVE AND UNDER, 20 CHILDREN AGES 6-18, TWO YOUTH AGES 19-21, AND 34 ADULTS. DURING THE EARLY MONTHS OF THIS PROGRAM, MSH HAD THE OPPORTUNITY TO HOST THE NEW ENGLAND PATRIOTS WHO VOLUNTEERED THEIR TIME IN OUR PLAY SPACE ASSEMBLING PLAY STRUCTURES, COLORING WITH CHILDREN AND FAMILIES, AND BAKING COOKIES. OUTCOMES FOR THIS PROGRAM, TO-DATE, INCLUDE 11 FAMILIES EXITING INTO PERMANENT HOUSING.

Program 3

Expenses: $55,922 Revenue: $0

ON OCTOBER 31, 2024, MSH HOSTED A RIBBON CUTTING FOR OUR TYEP PROGRAM. JANUARY 2025, MSH BEGAN INTEGRATING MENTORING, EMERGENCY HOUSING, AND TRANSITIONAL SUPPORT FOR YOUTH AGES 18-24 TRANSITIONING...

ON OCTOBER 31, 2024, MSH HOSTED A RIBBON CUTTING FOR OUR TYEP PROGRAM. JANUARY 2025, MSH BEGAN INTEGRATING MENTORING, EMERGENCY HOUSING, AND TRANSITIONAL SUPPORT FOR YOUTH AGES 18-24 TRANSITIONING OUT OF FOSTER CARE IN SEARCH OF SHELTER AND RESOURCES.

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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 $1,485,897

Program Service Revenue $0

Investment Income $185

Other Revenue $6,617

TOTAL REVENUE $1,492,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $464,083

Fundraising Expenses $25,018

Program Expenses $1,025,288

Other Expenses $651,700

TOTAL EXPENSES $1,133,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,699	N/A	N/A
Expenses	$1,133,283	N/A	N/A
Net Income	$359,416	$0	N/A

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

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

$197,458

Total Directors