MERYLS SAFE HAVEN INC

EIN: 921498053 501(c)(3) Housing & Shelter

WORCESTER, MA

Total Revenue
$1,492,699
Total Expenses
$1,133,283
Total Assets
$1,244,585
Net Assets
$360,607
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MA
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 (MSH) IS DEDICATED TO PROVIDING AND CONNECTING FAMILIES AND YOUNG PEOPLE WHO HAVE AGED OUT OF THE FOSTER CARE SYSTEM, 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.

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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 (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

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Governance

Voting Members
6
Independent Members
4
Employees
21
Volunteers
4

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
$197,458
Total Directors
6
$197,458
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TASIA CEREZO PRESIDENT & CEO 40.00
Officer Director
$101,755 $8,668 $110,423
MARISOL CEREZO CLERK 40.00
Officer Director
$79,683 $7,352 $87,035
CRICKET POTTER VICE PRESIDENT AS OF 08/2024 2.00
Officer Director
$0 $0 $0
LAKEISHA FRANKLIN VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
ALISHA ANDREWS-SIMMONS TREASUER 2.00
Officer Director
$0 $0 $0
CHELSEY HUDSON 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 $1,492,699 $1,133,283 $1,244,585 $359,416
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