Pine Street Inn Inc

Organization Overview

Pine Street Inn Inc is located in Boston, MA. The organization was established in 1974. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 06/2022, Pine Street Inn Inc employed 814 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pine Street Inn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Pine Street Inn Inc generated $83.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $72.9m during the year ending 06/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF PINE STREET INN IS TO END HOMELESSNESS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PINE STREET INN'S EMERGENCY SERVICE PROGRAMS PROVIDE 100% OF BOSTON'S ADULT HOMELESS STREET OUTREACH AND THE LARGEST SINGLE SHARE OF EMERGENCY SHELTER BEDS IN BOSTON. IN FY22, WE PROVIDED SHELTER AND STREET OUTREACH SERVICES TO OVER 4,500 INDIVIDUALS, INCLUDING A TEMPORARY AUXILIARY SHELTER AS PART OF A COVID RESPONSE. THE PROGRAM ALSO ENHANCED SERVICES IN ONE SHELTER TO RESPOND TO THE NEEDS OF PEOPLE WITH OPIOID USE DISORDER. THE PROGRAM GOAL IS FIRST TO PRESERVE LIFE SAFETY FOR ALL WHO NEED IT AND, THROUGH ASSESSMENT AND STRATEGIC HOUSING PLACEMENT SERVICES, HELP AND EDUCATE INDIVIDUALS ON THE PROCESSES AND RESOURCES AVAILABLE TO MOVE FROM THE STREET AND SHELTER TO PERMANENT HOUSING AS QUICKLY AS POSSIBLE AND ULTIMATELY PREVENT CHRONIC HOMELESSNESS.


PERMANENT SUPPORTIVE HOUSINGPINE STREET'S SUPPORTIVE HOUSING PROGRAM PROVIDES THE LARGEST SINGLE SHARE - 30% - OF PERMANENT HOUSING DEDICATED TO HOMELESS INDIVIDUALS IN THE CITY. THE GOAL OF THE PROGRAM IS TO ENSURE THAT INDIVIDUALS WITH A LONG HISTORY OF HOMELESSNESS HAVE A PERMANENT HOME AND GAIN GREATER LEVELS OF SELF-SUFFICIENCY OVER TIME THROUGH INDIVIDUAL SERVICE PLANS. THE PROGRAM ENCOMPASSES MORE THAN 850 UNITS OF HOUSING AND THE CLINICAL SUPPORT SERVICES NEEDED TO STABILIZE CHRONICALLY HOMELESS AND DISABLED INDIVIDUALS IN THAT HOUSING. IN FY'22, PINE STREET'S HOUSING PROGRAM SUPPORTED 932 INDIVIDUALS IN HOUSING WITH 96% OF THOSE INDIVIDUALS RETAINING THEIR HOUSING. THIRTY TENANTS REACHED SELF-SUFFICIENCY AND MOVED ON FROM PSI'S SUPPORTIVE HOUSING TO INDEPENDENT COMMUNITY-BASED LIVING. THIS CREATED AN OPPORTUNITY TO OFFER HOUSING TO 30 NEW TENANTS WITHIN OUR EXISTING HOUSING PORTFOLIO.


HOUSING PLACEMENTPINE STREET INN PARTNERS WITH BOTH PUBLIC AND PRIVATE FUNDERS IN DELIVERING HOUSING PLACEMENT AND STABILIZATION SERVICES. IN FY22, 380 INDIVIDUALS FROM THE STREET AND SHELTER WERE HOUSED THROUGH THESE SERVICES. OUR SERVICES ARE BASED ON EVIDENCE-BASED MODELS, INNOVATION AND ONGOING RESEARCH, WHICH LEVERAGES ALL POSSIBLE RESOURCES TO BRING INDIVIDUALS OUT OF HOMELESSNESS AS QUICKLY AS POSSIBLE. OUR HOUSING PLACEMENT SERVICES START AT THE FRONT DOOR WITH TRIAGE WHERE WE WORK WITH INDIVIDUALS IMMEDIATELY TO RESOLVE THEIR HOUSING CRISIS. IN FY22, MORE THAN HALF OF THOSE SEEN IN PERSON OR CONNECTED BY PHONE WERE ASSISTED TO FIND AN ALTERNATIVE TO SHELTER. FOR INDIVIDUALS WITH MORE COMPLEX HOUSING BARRIERS, RAPID REHOUSING SERVICES PROVIDE HOUSING SEARCH, INCOME MAXIMIZATION, PLACEMENT AND COMMUNITY-BASED STABILIZATION SERVICES. FOR CHRONICALLY HOMELESS INDIVIDUALS, A SPECIAL HOUSING NAVIGATION TEAM WORKS IN CONJUNCTION WITH THE CITY OF BOSTON CONTINUUM OF CARE TO ENGAGE AND MATCH INDIVIDUALS WITH THE AVAILABILITY OF PERMANENT SUPPORTIVE HOUSING.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$71,293,128
Investment income $2,387,380
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $441,846
Net Gain/Loss on Asset Sales $25,070
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $83,069,628

Grants Recieved

Over the last fiscal year, we have identified 19 grants that Pine Street Inn Inc has recieved totaling $198,912.

Awarding OrganizationAmount
Franklin Square House

Belmont, MA

PURPOSE: HOUSING AND SHELTER GRANTS

$41,970
Oakfield Foundation

Belmont, MA

PURPOSE: FUNDING OF CHARITABLE OPERATIONS

$40,000
A Hand Up Charitable Foundation

Leominster, MA

PURPOSE: OPERATIONS

$25,000
Meredith E Drench Charitable Tr

Newburyport, MA

PURPOSE: SHELTER/FOOD

$15,942
Yale Charitable Foundation

Stoughton, MA

PURPOSE: CHARITABLE

$15,000
Brown Charitable Foundation

Newton, MA

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$22,679,514
Earnings-$3,957,693
Net Contributions$9,477,557
Other Expense$384,381
Ending Balance$27,814,997

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