Pine Street Inn Inc

Nonprofit profile at a glance

EIN
042516093
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
Boston, MA, USA
Phone
6178929100
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Homeless Centers

Official website

Reported finances

Revenue
$118,337,491
Expenses
$99,706,881
Assets
$232,963,301
Liabilities
$57,093,821

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • LYNDIA DOWNIE (PRES. & EXECUTIVE DIRECTOR)

Highest reported compensation

  • LYNDIA DOWNIE (PRES. & EXECUTIVE DIRECTOR): $432,436 total reported compensation
  • APRIL STEVENS (DEPUTY DIRECTOR): $312,057 total reported compensation
  • REBECCA CRAWFORD (CHIEF ADVANCEMENT OFFICER): $312,050 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of pine street inn is to end homelessness. Pine street inn partners with homeless individuals to help them move from the streets and shelter to a home and assists formerly homeless individuals in retaining housing. We provide street outreach, emergency services, supportive housing, job training and connections to employment. We tirelessly advocate for collaborative solutions to end homelessness.

What it reported doing in 2024

Workforce developmentpine street inn's workforce development programs include food services, job training, employment services and social enterprises. These programs are designed to provide educational and training opportunities to gain skills and employment. The program prepared, shipped, served and delivered 1,265,000 meals, or over 3,400 meals a day, for pine street inn shelter guests and other human services providers, engaging 116 shelter and re-entry participants in a food service training program. Additionally, more than 50 guests participated in housekeeping training programs. The programs continue to expand and enhance its educational curriculum offerings in financial literacy, digital literacy and interpersonal and life skills, which are so important in getting and retaining employment in these times. Furthermore, the workforce development program has expanded service offerings that include cori seals, clothing referrals, identification needs, and housing pathway referrals. Approximately 61% of trainees participated in internships with 58 job placements with an average hourly wage of $19.62.pine street's residential addiction services program provides intensive round-the-clock support and structured individual and group behavioral health and wellness counseling to homeless individuals leaving detoxification centers. The goal of the program is to help participants prevent relapse and gain momentum towards permanent housing. More than 285 individuals participated in the post-detox program in fy25.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 90
  • Accountability: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 69.7%; rating input score 70
  • Program expense ratio: 79.4%; rating input score 79
  • Fundraising efficiency: $16.29 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • 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: 100%; rating input score 100; 77th 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: 15.7%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 2.34; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 63; 63rd percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 43; 43rd percentile among comparable filings

Growth

  • Program expense growth: 7.5% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 7.9% per year; rating input score 100; 67th percentile among comparable filings
  • Asset growth: 9.3% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 69.7% of revenue deployed · 79.4% of spending went to programs
  • Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $79.2M in reported program spending
  • Leadership: top reported pay $432K · 36 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $7.8M reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 6 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 53/100.
  • Moderate — Sustainability: Officer compensation ratio scored 43/100.