Preble Street
Nonprofit profile at a glance
- EIN
- 010418917
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Portland, ME, USA
- Phone
- 2077750026
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Children's, Youth Services
Reported finances
- Revenue
- $36,491,149
- Expenses
- $32,878,616
- Assets
- $42,149,688
- Liabilities
- $8,710,974
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- TERRY SUTTON (PRESIDENT)
Highest reported compensation
- MARK R SWANN (EXECUTIVE DI): $204,723 total reported compensation
- DANIELLA CAMERON (DEPUTY DIREC): $167,524 total reported compensation
- JAMES DOWD (VP OF FINANC): $153,754 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide accessible barrier-free services to empower people experiencing problems with homelessness, housing, hunger, and poverty and to advocate for solutions to those problems.
What it reported doing in 2024
Elena's way - a low-barrier, 24-hour emergency shelter for up to 40 clients, with staff and services on site, targeting individuals who have been previously unsheltered or cannot access other area shelters. Logan place - northern new england's first "housing first" permanent supportive housing program; logan place provides efficiency apartments and 24/365 support for 30 formerly homeless tenants who are developing skills to maintain independent housing. It offers community space for group and recreational activities and on-site laundry. Housing support staff assist tenants with developing and enhancing life skills and building community, and making referrals for case management, healthcare, mental health and substance use disorder treatment, employment, and legal assistance. Huston commons - in partnership with avesta housing, provides 24/365 permanent supportive "housing first" efficiency apartments for 30 formerly chronically homeless adults with multiple disabilities and challenges who are developing skills to maintain independent housing. It offers community space and laundry and includes a medical care room to accommodate practitioners and telemedicine, as well as on-site staff who provide referrals for case management and facilitate access to healthcare, mental health and substance use disorder treatment, employment, and legal assistance. Anti-trafficking services - comprehensive and collaborative client-centered service coordination and support for survivors of human trafficking, including sex and labor trafficking. Ats focuses on identifying survivors, intervention, training providers, providing outreach and emergency services, case management and interdisciplinary service planning, and promoting individual and systemic justice. Anti-trafficking services empowers clients to understand they have choices and access to services, support, and information that facilitate healing and growth. Health services - the health services program is embedded within the Maine health-ps learning collaborative, a free drop-in medical space created to offer Maine health medical students, residents, and fellows an opportunity to learn best practices for working with people experiencing homelessness, hunger, and poverty in a patient-centered, non-stigmatizing setting. Health services collaborates with greater portland health on a samhsa grant, providing case management to gph patients receiving medication assisted treatment for substance use. Health services also operates an outreach room within the learning collaborative which provides harm reduction supplies, referral services, and basic needs, primarily for the unsheltered community. Recuperative care - rcp is a 15-bed, post-acute care facility for people experiencing homelessness who cannot recover from an illness or injury on the street or in a shelter but do not require hospital-level care. With 24 hours of on-site medical care provided by greater portland health and casework and support services provided by preble street, the rcp provides an opportunity for individuals who lack stable housing to recover in a safe environment while accessing needed medical care and other supportive services. Community advocacy - preble street advocacy programs advance social and economic justice through outreach, education, and engagement in public policy discussions throughout Maine in order to empower people experiencing problems with homelessness, housing, hunger, and poverty and to improve their well-being. Homeless voices for justice: works with, and for, people who struggle with homelessness, poverty, and oppression to educate its constituency and the wider community on issues affecting people who struggle with homelessness and poverty; advocates on an individual and systems basis for change that improves social conditions; and registers people to vote. Maine hunger initiative: created to meet immediate food needs, offset food supply shortages, and develop long-term solutions to hunger in one of
Operating model
- Revenue model
- Grant-funded. 64% of the money available for current operations came from government grants.
- 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. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 84
- Accountability: 95
- Sustainability: 60
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.1%; rating input score 76
- Program expense ratio: 87.4%; rating input score 87
- Fundraising efficiency: $33.09 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 66th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 9.9%; rating input score 67; 67th percentile among comparable filings
- Total-asset coverage ratio: 1.28; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 2.8%; rating input score 70; 70th percentile among comparable filings
Growth
- Program expense growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 11.5% per year; rating input score 100; 71st percentile among comparable filings
Details
- Where the money goes: 76.1% of revenue deployed · 87.4% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $28.7M in reported program spending
- Leadership: top reported pay $205K · 21 people listed · 4 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.