Haven Project Inc
- Assets
- $950.3k
- Revenue
- $713.2k
- Investments
- $0.0
- Employees
- 11
- Location
- Lynn, MA
- Founding
- 03/2013
- Data as of
- 12/2023
- EIN
- 45-3797693
Organization Overview
Haven Project Inc is located in Lynn, MA. The organization was established in 2013. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, Haven Project Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haven Project 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 12/2023, Haven Project Inc generated $713.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $881.5k during the year ending 12/2023. While expenses have increased by 5.7% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
EQUIP AND EMPOWER HOMELESS OR IMMINENTLY HOMELESS YOUNG ADULTS WITH SKILLS AND SUPPORT THEY NEED TO BE SAFE AND SELF-SUPPORTING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED AND STAFFED COFFEE SHOP OPEN TO THE PUBLIC BY PROVIDING JOBS, TRAINING, AND PUBLIC SERVICE EXPERIENCE FOR AT-RISK YOUNG ADULTS.
DROP-IN CENTER PROVIDED AT-RISK HOMELESS YOUNG ADULTS WITH BASIC NEEDS, FOOD, EDUCATION AND JOB TRAINING.*ENGAGED OVER 300 HOMELESS UNACCOMPANIED THROUGH ONGOING SOCIAL MEDIA CONTACT, STREET OUTREACH, AND COMMUNITY RELATIONSHIPS; *PROVIDED GROCERY GIFT CARDS AND YEAR-ROUND ACCESS TO OUR ON-SITE FOOD PANTRY, LAUNDRY FACILITIES AND SHOWER FACILITIES; *MAINTAINED ONGOING PHONE/SOCIAL MEDIA/EMAIL CONTACT WITH 45 YOUTH EACH WEEK; *ENROLLED 100% OF ENGAGED CLIENTS IN MASS HEALTH AND/OR SNAP FOOD STAMP BENEFITS; *EMPLOYED 53 CLIENTS IN OUR JOB TRAINING PROGRAM WHERE THEY WERE ABLE TO BUILD IMPORTANT WORK SKILLS; *HELPED 75 YOUNG ADULTS SECURE SAFE AND RELIABLE EMPLOYMENT AND PROVIDED IN-PERSON AND/OR VIRTUAL JOB TRAINING WORKSHOPS TO 108 CLIENTS; *DEVELOPED 10 PARTNERSHIPS TO (1) ASSIST CLIENTS AS THEY TRANSITION FROM OUR PROGRAM TO OUTSIDE WORK POSITIONS AND (2) IMPROVE OUR COMMUNITY OUTREACH AND NAME RECOGNITION. THESE INCLUDE THE WASH CYCLE, TARGET, BETH ISRAEL, ROOT, NSCC, AND SALEM STATE UNIVERSITY;*SECURED HOUSING FOR 49 HOMELESS YOUTH IN APARTMENTS, DORMS AND/OR ROOM RENTALS; *ASSISTED 78 CLIENTS TO ACHIEVE AN EDUCATIONAL MILESTONE, 23 OF WHOM GRADUATED FROM AN EDUCATIONAL PROGRAM - HISET, HIGH SCHOOL, AND/OR COLLEGE; AND STRATEGICALLY SCALING OUR IMPACT WITH FOUR GROUNDBREAKING INITIATIVES: 1. CATALYST: A 23-UNIT PERMANENT, SUPPORTIVE HOUSING PROJECT WITH ON-SITE SERVICES FOR LOW MODERATE INCOME YOUNG ADULTS, WITH ONE HOUSING UNIT FOR A RESIDENT DIRECTOR, AS WELL AS PROGRAM AND OFFICE SPACE. (ANTICIPATED OPENING APRIL 2025)2. THE NEST: WE ARE WORKING CLOSELY WITH LYNN HOUSING AND DEVELOPMENT AND OUR LOCAL YOUTH ACTION BOARD TO CREATE THE NEST, A TRANSITIONAL HOUSING - RAPID REHOUSING PROJECT IN LYNN FOR 24 HOMELESS YOUNG ADULTS. RENOVATIONS ARE CURRENTLY UNDERWAY AND PROGRAMMING IS SET TO BEGIN THIS FALL. 3. EXPANDED CAREER DEVELOPMENT PROGRAM: RECOGNIZING PROGRAM PARTICIPANTS ARE OFTEN UNABLE TO SUSTAIN HOUSING WITH ENTRY-LEVEL PAY, WE DESIGNED A COMPREHENSIVE APPROACH THAT INTEGRATES COMMUNITY PARTNERSHIPS, PERSONAL GOAL SETTING, MENTAL WELL-BEING, FINANCIAL LITERACY, AND TRADITIONAL JOB SKILLS TRAINING.4. "GUARANTEED INCOME" PILOT PROGRAM: A PARTNERSHIP WITH GMA FUNDERS FOUNDATION TO IMPLEMENT A FINANCIAL PROGRAM THAT PROVIDES MONTHLY STIPENDS TO 28 YOUNG ADULTS OVER THE COURSE OF 18 MONTHS. THE HAVEN PROJECT WILL DISTRIBUTE THESE FUNDS AND TRACK PARTICIPANT PROGRESS THROUGH QUALITY OF LIFE SURVEYS.
JOB TRAINING AND HOUSING PROGRAM PROVIDED AT RISK HOMELESS YOUNG ADULTS WITH TEMPORARY SHELTER AND JOB TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Scherrer Executive Director | Officer | 40 | $104,090 |
Kurt Lange President | OfficerTrustee | 5 | $0 |
Robert Bishop Vice President | OfficerTrustee | 1 | $0 |
Cecilio Hernanadez Jr Treasurer | OfficerTrustee | 1 | $0 |
Michael A Satterwhite Clerk | OfficerTrustee | 1 | $0 |
Theresa Conti Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,580 |
| Related organizations | $0 |
| Government grants | $700 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,028 |
| Noncash contributions included in lines 1a–1f | $59,860 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $598,308 |
| Total Program Service Revenue | $110,465 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $713,158 |
| 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. | $97,749 |
| Compensation of current officers, directors, key employees. | $21,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,581 |
| Pension plan accruals and contributions | $13,754 |
| Other employee benefits | $0 |
| Payroll taxes | $48,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $56,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,000 |
| Advertising and promotion | $8,482 |
| Office expenses | $20,035 |
| Information technology | $1,390 |
| Royalties | $0 |
| Occupancy | $54,571 |
| Travel | $126 |
| 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 | $5,097 |
| Insurance | $4,005 |
| All other expenses | $0 |
| Total functional expenses | $881,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $66,351 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $165,085 |
| Inventories for sale or use | $4,435 |
| Prepaid expenses and deferred charges | $10,257 |
| Net Land, buildings, and equipment | $4,330 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,000 |
| Other assets | $98,009 |
| Total assets | $950,315 |
| Accounts payable and accrued expenses | $31,952 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $31,952 |
| Net assets without donor restrictions | $861,588 |
| Net assets with donor restrictions | $56,775 |
| 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 | $950,315 |