Familyaid Boston Inc

What it reported doing in 2024

Familyaid is boston's largest organization solely dedicated to children and parents facing homelessness, delivering education and training, prevention services, emergency shelter, temporary and permanent housing, service navigation, and comprehensive case management to 5,233 children and parents in fy25.our work includes:2gen services - drawing on evidence-based models from the aspen institute, familyaid shortens the time families endure the trauma of homelessness. By directly connecting parents and children to employment and housing services, early education, health care, food access, and academic supports, families move from crisis to stability in as little as eight months.homelessness prevention - familyaid's early intervention model stops crises before eviction occurs, sparing families the trauma and financial devastation of homelessness. Working with partners including boston public schools, boston children's hospital, and the city's office of housing stability, families are referred to familyaid for comprehensive services that restore stability and foster long-term success. In fy25, more than 3,000 children and parents were kept from entering shelters or the streets.temporary housing and emergency services - familyaid provided shelter, temporary housing, case management, and educational programs to 950 children and parents in fy25. This year, we opened a state-of-the-art 40,000 sq. Ft. Family navigation center, offering shelter and temporary housing for more than 130 children and parents at a time, plus playgrounds and a caring hub where staff, 22 partner agencies, and 100+ volunteers deliver tutoring, nutrition, day care, health programs, housing search support, and counseling.stabilization - all families engaged with familyaid receive a full year of stabilization services to promote long-term self-sufficiency. In fy25, case managers provided stabilization supports to 1,200 children and parents, achieving an annual housing retention rate of 97%.systemic change - familyaid leads chime, a multi-year, cross-sector collaboration to strengthen systems of care for children experiencing homelessness. By mapping service gaps, chime helps stakeholders deliver more effective, coordinated programs while advancing policy reforms. To date, more than 200 nonprofit providers, government leaders, educators, policymakers, families, and allies have taken part.

Financial Efficiency

• Mission deployment rate: 80.9%; rating input score 81
• Program expense ratio: 91.1%; rating input score 91
• Fundraising efficiency: $16.18 raised per $1 spent on fundraising; rating input score 52; 52nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 95.5%; rating input score 95; 29th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 14.5%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 2.04; rating input score 62; 62nd percentile among comparable filings
• Liabilities to assets ratio: 0.69; rating input score 18; 18th percentile among comparable filings
• Officer compensation ratio: 5.8%; rating input score 44; 44th percentile among comparable filings

Growth

• Program expense growth: 14.1% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: 12.2% per year; rating input score 100; 81st percentile among comparable filings
• Asset growth: 19.2% per year; rating input score 100; 88th percentile among comparable filings