One Family Inc
- Assets
- $2.6m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 24
- Location
- Boston, MA
- Founding
- 01/2003
- Data as of
- 06/2024
- EIN
- 54-2076936
Organization Overview
One Family Inc is located in Boston, MA. The organization was established in 2003. 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 06/2024, One Family Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Family 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 06/2024, One Family Inc generated $2.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $2.5m during the year ending 06/2024. While expenses have increased by 7.3% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ONE FAMILY'S OVERARCHING GOAL IS TO FIND PERMANENT SOLUTIONS TO FAMILY HOMELESSNESS IN MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ONE FAMILY SCHOLARS PROGRAM PROVIDES COACHING AND SCHOLARSHIPS TO SINGLE PARENTS ATTENDING COLLEGE IN MASSACHUSETTS. ALL 121 STUDENT-PARENTS SERVED IN FY24 WERE EXPERIENCING OR AT RISK OF HOMELESSNESS. IN THE PROGRAM, ONE-ON-ONE COACHING SESSIONS HELP PARENTS ALIGN THEIR EDUCATION AND CAREER PLANS, ACCESS RESOURCES, AND OVERCOME OBSTACLES. PARENTS ALSO RECEIVE FINANCIAL AID TO HELP COVER DIRECT COSTS OF COLLEGE (TUITION, FEES, BOOKS, TECHNOLOGY) AS WELL AS INDIRECT COSTS (TRANSPORTATION, CHILDCARE, LIVING EXPENSES). AS A RESULT, ONE FAMILY SCHOLARS GRADUATE COLLEGE AT AN ASTONISHING RATE OF 66% IN FY24/70% AVG FOR THE PAST THREE YEARS, COMPARED TO 54% FOR ALL UNDERGRADUATES NATIONWIDE, AND ONLY 8% FOR SINGLE MOTHERS.
THROUGH OUR PUBLIC POLICY ADVOCACY, ONE FAMILY AMPLIFIES THE VOICES OF THE FAMILIES WE SERVE TO CATALYZE SYSTEMIC CHANGE. WE ADVOCATE FOR POLICIES AND RESOURCES TO SUPPORT FAMILIES EXPERIENCING OR AT RISK OF HOMELESSNESS ON THEIR JOURNEYS TOWARDS GREATER SELF-SUFFICIENCY, WITH A PARTICULAR FOCUS ON PREVENTING FAMILY HOMELESSNESS BEFORE IT OCCURS. ONE FAMILY PROGRAM PARTICIPANTS, ALUMNI, BOARD MEMBERS, STAFF, AND SUPPORTERS ENGAGE DIRECTLY WITH POLICYMAKERS TO ADVANCE THESE ADVOCACY GOALS. THESE EFFORTS ARE SPEARHEADED BY ONE FAMILY'S ADVOCACY TEAM - A GROUP CURRENT AND FORMER ONE FAMILY PROGRAM PARTICIPANTS WHO SHARE THEIR LIVED EXPERIENCES TO ADVOCATE FOR CHANGE.
CREDENTIAL TO CAREER COACHING IS AN INTENSIVE 15-MONTH PROGRAM THAT HELPS UNEMPLOYED AND UNDER-EMPLOYED PARENTS ACCESS CAREER PATHS THAT WILL FULLY SUPPORT THEIR FAMILIES. THE PROGRAM COMBINES GROUP WORKSHOPS (TO CONVEY FOUNDATIONAL INFORMATION ON EDUCATION AND CAREER PATHS) AND ONE-ON-ONE COACHING (TO CRAFT EACH PARENT'S INDIVIDUALIZED PLAN). BY THE END OF THE PROGRAM, EACH PARTICIPANT HAS A STEP-BY-STEP ACTION PLAN TO REACH THEIR EDUCATION, CAREER, AND EARNINGS GOALS. IN FY24 WE SERVED 195 PARTICIPANTS, AND THOSE WHO SECURE NEW JOBS THROUGH THE PROGRAM SAW AN AVERAGE SALARY INCREASE OF $21,907.
FAMILY SELF-SUFFICIENCY IS A VOLUNTARY PROGRAM THAT HELPS FAMILIES WITH FEDERALLY SUBSIDIZED HOUSING INCREASE THEIR EARNINGS AND BUILD ASSETS. ONE FAMILY IS PARTNERING WITH METRO HOUSING|BOSTON TO DELIVER FAMILY SELF-SUFFICIENCY SERVICES TO FAMILIES WITH "SECTION 8" HOUSING VOUCHERS IN GREATER BOSTON, SERVING OVER 312 FAMILIES IN FY24. THE PROGRAM HAS A FINANCIAL INCENTIVE IN THE FORM OF AN ESCROW SAVINGS ACCOUNT ($3,365.81 ON AVERAGE SAVED PER PARTICIPANT IN FY24), AND A COACHING COMPONENT DESIGNED TO HELP PARTICIPANTS ACCESS SERVICES AND OVERCOME BARRIERS ON THE WAY TO ACHIEVING THEIR EDUCATION, CAREER, AND FINANCIAL GOALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Marchetti President | OfficerTrustee | 2 | $0 |
Adam H Rogers MD Vice President | OfficerTrustee | 2 | $0 |
Elliot Herman Treasurer | OfficerTrustee | 2 | $0 |
Carolyn Miller Secretary | Officer | 2 | $53,257 |
Ivette Arias Director | Trustee | 2 | $0 |
Doug Baumoel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $182,227 |
| Related organizations | $0 |
| Government grants | $954,503 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,272,780 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,409,510 |
| Total Program Service Revenue | $7,089 |
| Investment income | $81,088 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $252,676 |
| Net Income from Fundraising Events | -$2,615 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,747,748 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $434,640 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $233,019 |
| Compensation of current officers, directors, key employees. | $46,604 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,269,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $134,374 |
| Payroll taxes | $135,469 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $62,241 |
| Advertising and promotion | $0 |
| Office expenses | $3,623 |
| Information technology | $45,980 |
| Royalties | $0 |
| Occupancy | $90,052 |
| Travel | $13,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,735 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,526 |
| All other expenses | $0 |
| Total functional expenses | $2,479,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $258,658 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $276,756 |
| Accounts receivable, net | $0 |
| 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 | $3,577 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,043,603 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,582,594 |
| Accounts payable and accrued expenses | $65,186 |
| 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 | $65,186 |
| Net assets without donor restrictions | $2,268,237 |
| Net assets with donor restrictions | $249,171 |
| 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 | $2,582,594 |