Mainstay Supportive Housing & Home Care
EIN: 04-3490827
as of September 2024
as of September 09, 2024
Programs and results
Reports and documents
Download other documentsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Senior Living on Bellingham Hill
Community-based affordable supportive housing for very- and extremely low income seniors and people with disabilities. This program enables residents continue to live independently and in their community with the help of supportive services, rather than forcing them to transition to assisted living and other higher levels of care earlier than necessary.
Senior Living at Prouty
Community-based affordable supportive housing for very- and extremely low income seniors and people with disabilities. This program enables residents continue to live independently and in their community with the help of supportive services, rather than forcing them to transition to assisted living and other higher levels of care earlier than necessary.
Collaborative Living Services
Serviced housing for adults with a variety of abilities and needs. We provide a level of services that allows adults with a variety of mild-to-moderate disabilities to live in the community, and potentially work towards living independently. Some locations are also affordable housing.
Where we work
Awards
Certificate of Special Congressional Recognition 2019
US Congress
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of low-income units in market-rate neighborhood
This metric is no longer tracked.Totals By Year
Population(s) Served
Low-income people, People with disabilities
Type of Metric
Output - describing our activities and reach
Direction of Success
Increasing
Context Notes
While we have not been able to acquire more units in the last few years, we have expanded our management services to cover significantly more units, ensuring those occupants remain housed.
Goals & Strategy
Reports and documents
Download strategic planHow we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
-
How is your organization using feedback from the people you serve?
To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
-
Which of the following feedback practices does your organization routinely carry out?
We collect feedback from the people we serve at least annually, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive
-
What challenges does the organization face when collecting feedback?
It is difficult to get the people we serve to respond to requests for feedback
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
0.08
Months of cash in 2023 info
0.2
Fringe rate in 2023 info
14%
Funding sources info
Assets & liabilities info
Financial data
Mainstay Supportive Housing & Home Care
Revenue & expensesFiscal Year: Jul 01 - Jun 30
Mainstay Supportive Housing & Home Care
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of Mainstay Supportive Housing & Home Care’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $2,127,246 | $718,749 | $354,126 | -$231,374 | -$84,970 |
As % of expenses | 104.7% | 32.2% | 15.8% | -9.9% | -3.5% |
Unrestricted surplus (deficit) after depreciation | $2,127,246 | $718,629 | $350,942 | -$234,538 | -$88,134 |
As % of expenses | 104.7% | 32.2% | 15.6% | -10.0% | -3.6% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,852,239 | $2,213,800 | $2,595,319 | $2,101,971 | $2,317,802 |
Total revenue, % change over prior year | 20.8% | 19.5% | 17.2% | -19.0% | 10.3% |
Program services revenue | 100.0% | 100.0% | 79.8% | 99.2% | 98.6% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Government grants | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other grants and contributions | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Other revenue | 0.0% | 0.0% | 20.1% | 0.8% | 1.4% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $2,031,373 | $2,228,789 | $2,240,618 | $2,332,022 | $2,415,444 |
Total expenses, % change over prior year | 42.0% | 9.7% | 0.5% | 4.1% | 3.6% |
Personnel | 74.4% | 68.0% | 60.0% | 66.0% | 64.9% |
Professional fees | 0.6% | 0.5% | 3.5% | 1.4% | 0.5% |
Occupancy | 7.0% | 5.3% | 14.7% | 11.2% | 10.6% |
Interest | 0.0% | 0.3% | 0.5% | 0.2% | 1.8% |
Pass-through | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
All other expenses | 18.0% | 25.9% | 21.3% | 21.2% | 22.2% |
Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $2,031,373 | $2,228,909 | $2,243,802 | $2,335,186 | $2,418,608 |
One month of savings | $169,281 | $185,732 | $186,718 | $194,335 | $201,287 |
Debt principal payment | $0 | $0 | $0 | $0 | $0 |
Fixed asset additions | $0 | $140 | $193,727 | $0 | $0 |
Total full costs (estimated) | $2,200,654 | $2,414,781 | $2,624,247 | $2,529,521 | $2,619,895 |
Capital structure indicators
Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Months of cash | 0.0 | 1.9 | 0.9 | 0.4 | 0.2 |
Months of cash and investments | 0.0 | 1.9 | 0.9 | 0.4 | 0.2 |
Months of estimated liquid unrestricted net assets | 6.8 | -2.3 | -1.5 | -2.6 | -2.9 |
Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cash | $0 | $362,045 | $163,997 | $71,836 | $45,920 |
Investments | $0 | $0 | $0 | $0 | $0 |
Receivables | $168,831 | $115,697 | $163,124 | $93,447 | $83,134 |
Gross land, buildings, equipment (LBE) | $0 | $14,025 | $207,752 | $207,752 | $207,752 |
Accumulated depreciation (as a % of LBE) | 0.0% | 99.9% | 8.3% | 9.8% | 11.3% |
Liabilities (as a % of assets) | 717.8% | 150.1% | 105.1% | 121.0% | 130.5% |
Unrestricted net assets | $1,153,190 | -$434,561 | -$83,619 | -$318,157 | -$406,291 |
Temporarily restricted net assets | $0 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $0 | $19,697 | $23,964 | $20,959 | $9,030 |
Total net assets | -$1,153,190 | -$414,864 | -$59,655 | -$297,198 | -$397,261 |
Key data checks
Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Material data errors | Yes | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President & CEO
Larry Oaks
With twenty two years of non-profit and for profit leadership experience, Larry became the second President and CEO of Mainstay in January 2018. Most recently he was a Managing Director at the Corporation for Supportive Housing, a national non-profit that advances housing based solutions to help vulnerable people lead productive lives. Prior to CSH he served as Vice President of Housing at the Local Initiatives Support Corporation (LISC) in New York City, a community development financial institution with thirty one offices nationwide. Earlier in his professional life he was as a Senior Project Manager at Peabody Properties, Inc., an award winning developer of multi-family and supportive housing headquartered in Braintree, MA. For the first twelve years of his career he held a number of positions at the New York City based non-profit organization Housing and Services, Inc., including four years as Executive Director.
Number of employees
Source: IRS Form 990
Mainstay Supportive Housing & Home Care
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Mainstay Supportive Housing & Home Care
Board of directorsas of 05/15/2024
Board of directors data
Robert Manasse
Avanelle Cole
Krystyna Dougert
Heading Home, Inc.
Nancy Gair
Judy Gould
Northeast Alabama Regional Medical Center (retired)
Newton Levee
Ian Macnab
Westview Partners
Alice Rose
North Hill Retirement Community
Cliff Robinson
Department of Mental Health (retired)
Jeanne McHallam
Rockport Mortgage (retired)
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
-
Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
Equity strategies
Last updated: 05/15/2024GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.