Family Promise Metrowest 2019 Annual Report
OUR FINANCIALSSTATEMENT OF FINANCIAL POSITION 12/31/2019 12/31/2018ASSETSLIABILITIESCash $362,688 $290,276Other current assets $87,795 $265,437Property and equipment, net $1,399,760 $1,434,448Total other assets $4,906 $62,400TOTAL ASSETS $1,855,149 $2,052,561Current liabilities $42,485 $89,789Mortgage, net of current portion $0 $371,564TOTAL LIABILITIES $42,485 $461,353NET ASSETSNet assets without donor restrictions $ 1,721,180 $1,242,584Net assets with donor restrictions $91,484 $348,624TOTAL NET ASSETS $1,812,664 $1,591,208TOTAL LIABILITIES AND NET ASSETS $1,855,149 $2,052,561STATEMENT OF ACTIVITIES 12/31/2019 12/31/2018SUPPORT AND REVENUEGifts, grants, and contributions $ 635,662 $695,062Fundraising events $ 313,877 $384,009Donated goods and services $23,794 $20,711Interest income $ 983 $1,328Miscellaneous income $ 22,683 $18,502TOTAL SUPPORT AND REVENUE $ 996,999 $1,119,612EXPENSESProgram Services $499,068 $470,011Management and General $145,119 $127,704Fundraising and Community Outreach $131,356 $109,983TOTAL EXPENSES $775,543 $707,698CHANGE IN NET ASSETSChanges in net assets without donor restrictions $478,596 $775,124Changes in net assets with donor restrictions $(257,140) $(363,210)TOTAL CHANGE IN NET ASSETS $221,456 $411,91414 Family Promise Metrowest
OUR DONORS$75,000+Anonymous (1)Bob & Joan Murray$50,000–$74,999TJX Foundation$20,000–$49,999Chris & Darcey BartelRobert & Janet BrackCummings FoundationSteve & Beth KarlsonLutheran Church of FraminghamSeta NazarianJay & Carol Virshbo$10,000-$19,999Anonymous (1)100 Women Who Care of NeedhamDonna Angelico LaCroixKelli & Chris ConnorsDouglas & Sue CrossleyCameron & Laura DaileyDigital Federal Credit UnionFannie Cox FoundationKatherine & William GreenHelp Us Move In (HUMI)MutualOne Charitable FoundationThe Parmenter FoundationCecilia StoneThe Sudbury FoundationWellesley Hills Congregational Church$5,000-$9,999Wayne & Veronica BloomLianne BoraxJeff Kinney & Rebecca BourretMichael & Adrianne CanningCarter Memorial United MethodistD. Mitchell & Cynthia D. CoddingtonDCU For KidsCharles & Sharon DeehanRobert & Harriett HallaganGarry & Elaine HolmesHopkinton Country Club CharitableFoundationIslamic Center of BostonJohn & Susan KirkDennis LombardoMark Lorson & Carrie MarshallMarilyn & Robert MarletteMarc & Sandee MolinskyNeedham BankNeedham Women’s ClubPaula Ness Speers & Mark SpeersR. W. Holmes Realty Company, Inc.Edward & Barbara ScolnickErnie & Candace SutcliffeTemple Beth ElohimThe Village BankTJX CompaniesWells FargoMercy & Bancroft Wheeler$1,000-$4,999Anonymous (4)126 Self Storage, Inc.Reuben & Christine AckermanSyed Nawab, PhD & Ghazala Alam, MDDiana & Stuart AlexanderAsset Strategy AdvisorsDouglas Atamian & Annelise FortierSudha Balasuryan & Geeta KannanKimberley & David BeattieEdward & Diane BedrosianBennett Hemenway PTOJoan BenzieBeth Israel Deaconess Hospital -NeedhamJanet & David LevesqueDean BlackeyIrene BloomsteinJohn & Carole BrodrickBrookline BankJohn & Elizabeth BuddFred & Barbara BungerBurtons GrillGreg CalossoPaula CarpinellaTimothy & Diana CarrollJeff & Anne CarterCharles River ApparelChrist Lutheran ChurchChrist the King Lutheran ChurchEugene ClarkJessica & Tim CollinsAudrey ColsonRuth ColsonCongregational Church of NeedhamChristopher ConnollyCarol & Ken ConwayDeb ConzoSue CopelandCynthia CrinoD.K. Brede Investment ManagementCompanyKimberly & Paul DacierDana & Rick DevereuxJim DigiornoAnn DionEastern Bank Charitable FoundationFirst Church Natick, UCCFramingham Country ClubCharitable FoundationFramingham Rotary ClubFamily Promise Metro west is truly changing theoutcomes for the families they serve. Teaching theskills needed to earn more, budget, save, and takecare of their health allows them to rise out of theircurrent situation and sustain success.—Alyssa Kence, Community Benefits Director,Beth Israel Deaconess Hospital–NeedhamAnnual Report 2019 15
- Page 1 and 2: ANNUALREPORT2019
- Page 3 and 4: OUR STORYOUR MISSIONTo transform th
- Page 5 and 6: Shelter ProgramHealthFinancesChildc
- Page 7 and 8: Through our Steps to Success progra
- Page 9 and 10: OUR VOLUNTEERSAs we frequently say,
- Page 11 and 12: OUR EVENTSOur 10th annual Walk to E
- Page 13: OUR SUPPORTERSAn essential part of
- Page 17 and 18: Emily JonesHeather KlareDonald Krau
- Page 19 and 20: Dan FeheleyMo FeheleyDeborah Feldma
- Page 21 and 22: Sara NechasekKira NelsonRichelle Ne
- Page 23 and 24: Our Board of DirectorsCarol Virshbo
OUR FINANCIALS
STATEMENT OF FINANCIAL POSITION 12/31/2019 12/31/2018
ASSETS
LIABILITIES
Cash $362,688 $290,276
Other current assets $87,795 $265,437
Property and equipment, net $1,399,760 $1,434,448
Total other assets $4,906 $62,400
TOTAL ASSETS $1,855,149 $2,052,561
Current liabilities $42,485 $89,789
Mortgage, net of current portion $0 $371,564
TOTAL LIABILITIES $42,485 $461,353
NET ASSETS
Net assets without donor restrictions $ 1,721,180 $1,242,584
Net assets with donor restrictions $91,484 $348,624
TOTAL NET ASSETS $1,812,664 $1,591,208
TOTAL LIABILITIES AND NET ASSETS $1,855,149 $2,052,561
STATEMENT OF ACTIVITIES 12/31/2019 12/31/2018
SUPPORT AND REVENUE
Gifts, grants, and contributions $ 635,662 $695,062
Fundraising events $ 313,877 $384,009
Donated goods and services $23,794 $20,711
Interest income $ 983 $1,328
Miscellaneous income $ 22,683 $18,502
TOTAL SUPPORT AND REVENUE $ 996,999 $1,119,612
EXPENSES
Program Services $499,068 $470,011
Management and General $145,119 $127,704
Fundraising and Community Outreach $131,356 $109,983
TOTAL EXPENSES $775,543 $707,698
CHANGE IN NET ASSETS
Changes in net assets without donor restrictions $478,596 $775,124
Changes in net assets with donor restrictions $(257,140) $(363,210)
TOTAL CHANGE IN NET ASSETS $221,456 $411,914
14 Family Promise Metrowest
Change language