Just A Start Inc
- Assets
- $43.2m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 59
- Location
- Cambridge, MA
- Founding
- 05/1971
- Data as of
- 12/2021
- EIN
- 23-7121174
Organization Overview
Just A Start Inc is located in Cambridge, MA. The organization was established in 1971. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Just A Start Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Just A Start 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 12/2021, Just A Start Inc generated $7.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $6.8m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT BY CREATING, RETAINING AND STABILIZING AFFORDABLE HOUSING AND ASSOCIATED PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION & TRAINING - JUST-A-START OFFERS EDUCATION AND WORKFORCE TRAINING PROGRAMS INCLUDING YOUTHBUILD, THE BIOMEDICAL CAREERS PROGRAM, AND THE INFORMATION TECHNOLOGY (IT) CAREERS PROGRAM, TO YOUTH AND AUDLTS FROM CAMBRIDGE AND NEARBY COMMUNITIES. THESE TUITION-FREE PROGRAMS HELP ENSURE THAT ALL PEOPLE, FROM TEENS EARNINGS A HIGH SCHOOL CREDENTIAL TO AUDLT LEARNERS MAKING A CAREER CHANGE, HAVE THE SKILLS AND RESOURCES NECESSARY TO PURSUE EDUCATION, SUCCESSFULLY ENTER A COMPETITIVE JOB MARKET, AND DEVELOP UPWARD CAREER MOBILITY.
HOUSING DEVELOPMENT AND HOUSING SERVICES - JAS PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. TO AVOID EVICTIONS, PREVENT HOMELESSNESS, AND STABILIZE HOUSING, JAS PROVDES AT-RISK INDIVVIDUALS IN CAMBRIDGE AND SURROUNDING COMMUNITIES WITH MEDIATION, EMERGENCY RENTAL ASSISTANCE, LEGAL EDUCATION, AND RAPID REHOUSING SERVICES. JAS'S HOME IMPROVEMENT PROGRAM HELPS INCOME-QUALIFIED HOMEOWNERS AND LANDLORDS TO UNDERTAKE AND FINANCE ESSENTIAL HOME IMPROVEMENT PROJECTS. JAS ALSO OFFERS FINANCIAL EDUCATION TO RESIDENTS, STUDENTS, AND COMMUNITY MEMBERS THROUGH WORKSHOPS, ONE-ON-ONE FINANCIAL COACHING, AND FREE TAX PREPARATION.
ASSET MANAGEMENT - JAS OWNS 621 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE THAT ALLOW LOW- TO MODERATE- INCOME RESIDENTS TO LIVE IN THE CITY AT RENTS THAT ARE WITHIN THEIR MEANS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR LOW- TO MODERATE-INCOME HOUSEHOLDS, JAS ALSO MANAGES THE PRESERVATION, REHAB, AND RESALE OF AFFORDABLE HOUSING-RESTRICTED UNITS TO ENSURE FUTURE ACCESS TO AFFRODABLE CONDOS IN THE CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Nagy-Koechlin Executive Director | Officer | 37.5 | $166,212 |
Noah Sawyer Director Of Real Estate | 37.5 | $135,813 | |
Craig Nicholson Director Of Re Acquisitions | 37.5 | $116,549 | |
Carmen Chan Director Of Development | 37.5 | $112,250 | |
Gerry Zipser Director Of Housing | 37.5 | $110,317 | |
Samuel Gebru Clerk | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Compass Contracting Llc Construction Consultant | 12/30/21 | $357,359 |
Costa Construction Construction Contractor | 12/30/21 | $187,097 |
Clifton Larson Allen Llp Financial Consultants | 12/30/21 | $215,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,945,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,472,824 |
| Noncash contributions included in lines 1a–1f | $8,734 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,418,383 |
| Total Program Service Revenue | $1,073,397 |
| Investment income | $134,491 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $749,618 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,410,722 |
| 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. | $190,488 |
| Compensation of current officers, directors, key employees. | $32,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,989,014 |
| Pension plan accruals and contributions | $79,454 |
| Other employee benefits | $285,910 |
| Payroll taxes | $291,060 |
| Fees for services: Management | $4,033 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $36,644 |
| Fees for services: Other | $852,071 |
| Advertising and promotion | $0 |
| Office expenses | $232,446 |
| Information technology | $121,970 |
| Royalties | $0 |
| Occupancy | $313,698 |
| Travel | $22,618 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,065 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,847,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,480,138 |
| Savings and temporary cash investments | $5,800,819 |
| Pledges and grants receivable | $439,896 |
| Accounts receivable, net | $978,061 |
| 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 | $197,015 |
| Net Land, buildings, and equipment | $670,465 |
| Investments—publicly traded securities | $5,281,533 |
| Investments—other securities | $0 |
| Investments—program-related | $3,625,133 |
| Intangible assets | $0 |
| Other assets | $24,714,540 |
| Total assets | $43,187,600 |
| Accounts payable and accrued expenses | $1,638,398 |
| 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 | $18,935,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,398,777 |
| Total liabilities | $24,972,902 |
| Net assets without donor restrictions | $17,049,399 |
| Net assets with donor restrictions | $1,165,299 |
| 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 | $43,187,600 |
Grants Awarded
Over the last fiscal year, Just A Start Inc has awarded $28,494 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BUNKER HILL COMMUNITY COLLEGE PURPOSE: TO PROVIDE LAB SETTING COURSES AND PROVIDE INSTRUCTIONAL COURSES. | $17,962 |
Shrewsbury, MA PURPOSE: TO CONDUCT SURVEY OF FORMER BIO STUDENTS. | $10,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Just A Start Inc has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Alchemy Foundation Cambridge, MA PURPOSE: GENERAL SUPPORT | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |
Community Action Agency Of New Haven Inc New Haven, CT | $523,093 | $14,060,753 |
Economic Opportunity Commission Of Nassau County Inc Hempstead, NY | $10,306,992 | $13,197,438 |
Cypress Hills Local Development Corporation Inc Brooklyn, NY | $20,394,898 | $16,091,549 |