Matthew 25, Inc.
625 Benton Avenue Box 120
Nashville TN 37204
Lending a hand is the least we can do.
Mission Statement
Matthew 25 provides transitional housing and support services to homeless men in the Nashville-Davidson County area who have the potential to establish self-sufficiency within the period of their participation in the program.
Leadership
CEO/Executive Director Mr. Jim Finchum
Board Chair Mr Hal E Sauer
Board Chair Company Affiliation Retired
History & Background
Year of Incorporation 1986
Organization's type of tax exempt status 501-C3
Financial Summary
 
 
Projected Expenses $636,250.00
Projected Annual Revenue $709,600.00 (2016)
Statements
Mission Matthew 25 provides transitional housing and support services to homeless men in the Nashville-Davidson County area who have the potential to establish self-sufficiency within the period of their participation in the program.
Background Matthew 25 opened in 1986. It was the combined efforts of Fletch Coke and Ames Davis from Christ Church Cathedral and Cotton Clark and Sue Spickard from First Presbyterian Church. They recognized that homeless men with full time jobs needed more structured and supportive housing than what was available in night-by-night programs. Their combined efforts resulted in the creation of a place from which homeless men could go to work, return to a home-like environment, and there, with the help of a caring staff, be taught the skills needed to live more effective lives.Matthew 25 opened its doors on 8th and Broadway with 22 beds. In 1991, it was relocated to Vine Hill Towers where 50 beds were made available. In December 2004, Matthew 25 started its Progressive Housing Program, which provides permanent apartments to “graduating” residents. This program serves to move residents from a group setting into a more self-sufficient setting.
Impact
This past year we added a new Executive Director, a third (3rd) full time case worker, will hire a A&D director and operations director in the summer of 2016. We renovated the second (2nd) floor restrooms and secured funding to continue to renovate the VA resident side restrooms. 
 
Goals for 2016 to strengthen and increase the board of director, increase funding donations by 10%, increase old relationships and develop new partnerships. Strengthen and develop relationship with current and new funding partners. 
 
Needs
1) Increase unrestricted revenue from private donations by 10%.
2) Increase and strengthen the board of directors, (from 9 to 15)
3) Volunteers
4) Furniture for residents in program and start-up permanent housing.
5) Marketing, Marketing, Marketing
Other ways to donate, support, or volunteer
Check by mail, credit card donation, phone donations, web page donations, in-kind donations planned giving, capital giving, stock donation, endowment donation, corporate match, securities, real estate. Volunteer opportunities for cooking, housing keeping, serving painting, maintenance. 
Service Categories
Primary Organization Category Housing, Shelter / Temporary Housing
Secondary Organization Category Housing, Shelter / Homeless Shelters
Tertiary Organization Category Human Services / Homeless Services/Centers
Areas of Service
Areas Served
TN - Davidson
Board Chair Statement
In the five years that I have been on the Board of Directors at Matthew 25, I have personally seen the success stories of clients that are told on this website and the Matthew 25 web site.  The Matthew 25 program has been proven to help men pick themselves off the streets and make them once again a productive member of society. As more and more veterans return from Iraq and Afganistan, their issues with Post Traumatic Syndrome will cause a larger population of homeless on the streets.  Matthew 25 is prepared to work, in conjuction with caring benefactors, with Veterans to ensure that they get the care they deserve.
CEO Statement

Many reasons attribute to a person becoming homeless, and every person’s story is different. Those who are homeless face barriers to obtain housing, food, work and income. Matthew 25 is more than a shelter, its relationship building, Our programs support helping men through accountability, providing a safe place, housing, goal setting, financial saving, leadership development, and giving back to the community. Homelessness is real and happens because the behavior blocks the opportunity that is made available to individuals. The relationship building Matthew 25 provides helps uncover and recover from the issues and circumstances that individuals have been living with. Homelessness affects all of us whether we think it does or not. Matthew 25 is making an impact and difference in the lives of the men we serve. 

 

Programs
Description MT 25 provides transitional housing for 50 formerly homeless men. All residents must be employed. Mt 25 provides food, recreation, employment support, laundry facilities, and supportive services (counseling, support groups, 12-step groups)
Budget 363,883
Category
Population Served Homeless, ,
Description
The first 30 days of a man's residency at Matthew 25 is defined as "emergency" as the man is coming off the street.  In this 30 day period, the man completes an assessment to determine needs including medical, emotional, employment, and other needs which be addressed before entering our Transitional program.
Budget 216667
Category
Population Served , Homeless,
Description MT 25 partners with area apartment complexes to provide structured housing to men who are working. With the support of HUD these men pay a maximum of 30% of their income for rent and a Matthew 25 staff person meets weekly with these men to address problems or concerns about independent living.
Budget 69450
Category
Population Served , ,
CEO Comments
As in any non-profit agency, raising of funds is the biggest challenge one has. Raising for social service agency's intensifies that challenge when it is dealing with chronic problems such as unemployment and addiction that lead to homelessness.  Matthew 25, Inc. is increasing its awareness to the community, building relationships with new private donors, foundations, and community partners as well as re-establishing old relationships.The goal is to increase funding by 10% in the next 12 months. 
Board Chair
Board Chair Mr Hal E Sauer
Company Affiliation Retired
Term July 2012 to June 2016
Email hs71@att.net
Board Members
NameAffiliationStatus
Ms. Karon Uzell Baggett Tennessee State UniversityVoting
Mr. Charles Capps Lipscomb UniversityVoting
Mr. Richard "Dick" Flemming Cushman & Wakefield|CornerstoneVoting
Ms. Jennifer Halverson Adventureworks, Inc.Voting
Mr. Kristopher D. Miller LBMCVoting
Ms. Tera Rica Murdock Esq.Waller/Lasden Attorneys at LawVoting
Mr. Hal Sauer Akiva SchoolVoting
Dr. Andy Spickard Retired MDVoting
Mr. Ryan Witherell Seigenthaler Public RelationsVoting
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 8
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 6
Female 3
Unspecified 0
Governance
Board Term Lengths 5
Board Term Limits 0
Board Meeting Attendance % 90%
Does the organization have written Board Selection Criteria? No
Does the organization have a written Conflict of Interest Policy? No
Percentage of Board Members making Monetary Contributions 100%
Percentage of Board Members making In-Kind Contributions 20%
Does the Board include Client Representation? No
Number of Full Board Meetings Annually 6
Board CoChair
Board CoChair Karon Baggett
Term July 2013 to June 2017
Email ku.baggett@comcast.net
Standing Committees
Development / Fund Raising
Finance
Risk Management Provisions
Commercial General Liability
Directors & Officers Policy
General Property Coverage
Workers Compensation & Employers' Liability
CEO Comments MT 25 is aware that board diversity is important to agency well-being. While the board does not have ethnic diversity, 75% of the senior management staff represents minority groups. The board governance is updating its policies with diversity being a top priority.
Executive Director/CEO
Executive Director Mr. Jim Finchum
Term Start Mar 2016
Email finchum@matthew25helps.com
Experience
Jim Finchum became the new CEO in March of 2016. Jim has 30 years of non-profit experience with the YMCA. Jim spent the last 3 years as the President and CEO of the Allentown Pennsylvania YMCA & YWCA. Jim has had great success in fundraising, deficit reduction and leadership.
Former CEOs
NameTerm
Mr Leslie Cousins Jan 1989 - Nov 1994
Mr. Bob Jackson Dec 1994 - Dec 2010
Staff
Full Time Staff 5
Part Time Staff 16
Volunteers 200
Contractors 0
Retention Rate 85%
Plans & Policies
Does the organization have a documented Fundraising Plan? Under Development
Does the organization have an approved Strategic Plan? Under Development
Number of years Strategic Plan Considers 3
When was Strategic Plan adopted? Mar 2016
In case of a change in leadership, is a Management Succession plan in place? Under Development
Does the organization have a Policies and Procedures Plan? Under Development
Does the organization have a Nondiscrimination Policy? Yes
Senior Staff
Title Dir. of Social Services
Experience/Biography
CEO Comments
We have an employee handbook now in place. Staff review process and overall budget and financial oversite in place.
 
 
Fiscal Year
Fiscal Year Start July 01 2015
Fiscal Year End June 30 2016
Projected Revenue $709,600.00
Projected Expenses $636,250.00
Endowment Spending Policy Income Only
Endowment Spending Percentage (if selected) 0%
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$0$75,000$0
Government Contributions$366,701$376,262$360,317
Federal$0$32,528$0
State$0$0$0
Local$0$0$0
Unspecified$366,701$343,734$360,317
Individual Contributions$99,739$117,287$121,601
$0$0$0
$101,775$66,460$50,419
Investment Income, Net of Losses$136$99$5,965
Membership Dues$0$0$0
Special Events$18,233$24,804$22,340
Revenue In-Kind$0$0$0
Other$2,529$1,478$2,129
Expense Allocation
Fiscal Year201520142013
Program Expense$552,061$536,864$498,543
Administration Expense$72,898$41,314$38,270
Fundraising Expense$7,234$6,596$6,279
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses0.931.131.04
Program Expense/Total Expenses87%92%92%
Fundraising Expense/Contributed Revenue1%1%1%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$156,307$194,212$113,307
Current Assets$127,175$160,970$102,058
Long-Term Liabilities$0$0$0
Current Liabilities$49,377$44,202$39,858
Total Net Assets$106,930$150,010$73,449
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities2.583.642.56
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountGovernment Grants $366,701Government Gifts and Grants $343,734Government Grants $360,317
Second Highest Funding Source & Dollar AmountProgram Revenue $101,775Contributions, Gifts & Grants $117,287Contributions, Gifts, and Grants $121,601
Third Highest Funding Source & Dollar AmountContributions, Gifts and Grants $99,739Foundations & Corporations $75,000Program Service Revenue $50,419
IRS Letter of Exemption
Capital Campaign
Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? Anticipated In 3 Years
Campaign Purpose equipment upgrades, major renovations, possible building purchase
Capital Campaign Goal $0.00
Campaign Start and End Dates June 2017 to June 2018
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitations Permit
TN Charitable Solicitations Registration Yes - Expires Dec 2016
Organization Comments
Over next few years Matthew 25 is looking at a flat budget.  We will increase funding, but all monies will be put back into the organization for upgrading of programs and services.
 
 
GivingMatters.com Financial Comments
Financials taken from the 990.
Schedule B removed to protect donor privacy.
Financial documents prepared by Fraiser, Dean & Howard, PLLC.
Comments provided by Kathryn Bennett 5/27/16.
Nonprofit Matthew 25, Inc.
Address 625 Benton Avenue Box 120
Nashville, TN 37204
Primary Phone (615) 383-9577
CEO/Executive Director Mr. Jim Finchum
Board Chair Mr Hal E Sauer
Board Chair Company Affiliation Retired
Year of Incorporation 1986

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