PLATINUM2024

Mainstay Supportive Housing & Home Care

NEWTON, MA   |  https://www.mainstayliving.org/

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Mainstay Supportive Housing & Home Care

EIN: 04-3490827


Mission

We deliver the services and supports, including safe, affordable, and supportive housing and person-centered home care, that people need to thrive in their residences and communities.

Ruling year info

2000

President & CEO

Larry Oaks

Main address

29 Crafts St Suite 260

NEWTON, MA 02458 USA

Show more contact info

Formerly known as

Residential Support Services, Inc.

MHPI, Inc.

EIN

04-3490827

Subject area info

Independent living for people with disabilities

Elder housing

Supportive housing

Population served info

Seniors

People with disabilities

Low-income people

NTEE code info

Senior Citizens' Housing/Retirement Communities (L22)

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

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.

Population(s) Served
Seniors
Low-income people
People with disabilities

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.

Population(s) Served
Seniors
Low-income people
People with disabilities

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.

Population(s) Served
People with disabilities
Adults

Where we work

Awards

Certificate of Special Congressional Recognition 2019

US Congress

Our results

SOURCE: Self-reported by organization

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.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • 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

Mainstay Supportive Housing & Home Care
Fiscal year: Jul 01 - Jun 30

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2023 info

SOURCE: IRS Form 990

0.08

Average of 0.21 over 10 years

Months of cash in 2023 info

SOURCE: IRS Form 990

0.2

Average of 0.4 over 10 years

Fringe rate in 2023 info

SOURCE: IRS Form 990

14%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Mainstay Supportive Housing & Home Care

Revenue & expenses

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Mainstay Supportive Housing & Home Care

Balance sheet

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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 ending: cloud_download Download Data

Mainstay Supportive Housing & Home Care

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jul 01 - Jun 30

SOURCE: IRS Form 990 info

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.

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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
Form 1023/1024 is not available for this organization

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 employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Mainstay Supportive Housing & Home Care

Board of directors
as of 05/15/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

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

SOURCE: Self-reported by organization

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

SOURCE: Self-reported; last updated 5/15/2024

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
White/Caucasian/European
Gender identity
Male
Sexual orientation
Decline to state
Disability status
Decline to state

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

Equity strategies

Last updated: 05/15/2024

GuideStar 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

Policies and processes
  • 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.