Broad Street Ministry
- Assets
- $14.2m
- Revenue
- $6.1m
- Investments
- $0.0
- Employees
- 33
- Location
- Philadelphia, PA
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 20-2760310
Organization Overview
Broad Street Ministry is located in Philadelphia, PA. The organization was established in 2006. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Broad Street Ministry employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broad Street Ministry 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 12/2022, Broad Street Ministry generated $6.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $3.6m during the year ending 12/2022. While expenses have increased by 5.3% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
BY OFFERING RADICAL HOSPITALITY TO OUR NEIGHBORS IN NEED, BROAD STREET MINISTRY CREATES CONNECTION AND COMMUNITY; RESTORES HOPE AND DIGNITY; AND INCREASES SECURITY AND SELF-SUFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATIVE SERVICES:BSM'S RESTORATIVE SERVICES PROGRAM PROVIDES STABILIZING BASIC NEEDS WHILE ENGAGING GUESTS TO ACCESS ADDITIONAL SERVICES. THIS SUITE OF SERVICES INCLUDES A HEALTHY, COMMUNITY MEAL, A SECURE MAILING SERVICE FOR INDIVIDUALS EXPERIENCING HOUSELESSNESS OR HOUSING INSECURITY, AN ID PROCUREMENT SERVICE, A CURATED CLOTHING BOUTIQUE, AND A DISBTRIBUTION OF PERSONAL CARE AND HYGIENE ITEMS. IN 2022, 7,115 INDIVIDUALS ACCESSED OUR RESTORATIVE SERVICES PROGRAMMING, INCLUDING 69,714 MEALS, OVER 5,000 MAIL USERS, 3,225 OBTAINED IDS, 16,783 ITEMS OF CLOTHING. DELIVERED THROUGH A TRAUMA-AWARE MODEL OF CARE, THIS SUIT OF SERVICES HELPS DECREASE ANXIETY AND FOSTER TRUST AND SECURITY, WHICH CAN LEAD TO MORE IMPACTFUL CLINICAL INTERVENTIONS.
CLINICAL SUPPORT SERVICES: THESE CRITICAL AND MORE THERAPEUTIC SERVICES INCLUDE THE CONCIERGES (CASE MANAGEMENT), DE-ESCALATION, AND REENTRY, ALL ASSISTING GUESTS IN DEVELOPING TOOLS TO MORE EFFECTIVELY ADVOCATE FOR THEMSELVES, MANAGE BEHAVIORAL OR PSYCHOLOGICAL CHALLENGES, RE-ACCLIMATE TO COMMUNITY LIFE IN A NON-INSTITUTIONAL ENVIRONMENT, AND PURSUE GOALS AROUND HOUSING, EMPLOYMENT, EDUCATION AND MORE ROBUST CIVIC PARTICIPATION. OUR CONCIERGE PROGRAM ADAPTS TRADITIONAL CASE MANAGEMENT TO BSM'S TRAUMA-AWARE, PERSON-CENTERED MODEL BASED ON THE CONCEPT OF "RADICAL HOSPITALITY," WORKING INTENSIVELY WITH ROUGHLY 10% OF THE GENERAL POPULATION USING SERVICES AT BSM. THE CLINICAL SUPPORT TEAM ALSO COORDINATES A SUITE OF ONSITE PARTNER PROVIDERS, INCLUDING A FEDERALLY QUALIFIED HEALTH CLINIC, WEEKLY AND MONTHLY LEGAL CLINICS, HEALTH AND WELLNESS CONSULTATION, ASSESSMENT FOR SUPPORTIVE HOUSING, A MONTHLY SUPPORT GROUP FOR FORMERLY INCARCERATED INDIVIDUALS, A CIVIC ENGAGEMENT AND VOTER EDUCATION GROUP, AND OUR THERAPEUTIC ARTS TABLE. IN 2022 35,920 HOURS OF CLINICAL SUPPORTIVE SERVICES WERE OFFERED TO OUR GUESTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Cafferky Chair | OfficerTrustee | 1 | $0 |
Peter Intermaggio Vice Chair | OfficerTrustee | 1 | $0 |
Elizabeth Vale Board Member | Trustee | 1 | $0 |
Jerry Berenson Board Member | Trustee | 1 | $0 |
Ron Fairman MD Board Member Term 2022 | Trustee | 1 | $0 |
Lauren Vague Stager Board Member Term 2022 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $123,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,764,349 |
| Noncash contributions included in lines 1a–1f | $348,905 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,888,149 |
| Total Program Service Revenue | $225,644 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $460 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$69,013 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,052,138 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $270,000 |
| Compensation of current officers, directors, key employees. | $153,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,271,787 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $93,697 |
| Payroll taxes | $136,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $281,599 |
| Advertising and promotion | $52,484 |
| Office expenses | $205,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $115,544 |
| Travel | $3,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,495 |
| Interest | $40,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $213,494 |
| Insurance | $27,166 |
| All other expenses | $102,256 |
| Total functional expenses | $3,585,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,399,051 |
| Savings and temporary cash investments | $100,580 |
| Pledges and grants receivable | $695,961 |
| Accounts receivable, net | $2,557,501 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,808 |
| Net Land, buildings, and equipment | $8,375,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,963 |
| Total assets | $14,162,891 |
| Accounts payable and accrued expenses | $138,311 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,427,542 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,963 |
| Total liabilities | $2,577,816 |
| Net assets without donor restrictions | $10,274,970 |
| Net assets with donor restrictions | $1,310,105 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $14,162,891 |