HARVARD STREET NEIGHBORHOOD HEALTH CENTER INC
Mission Statement
Serve as a primary health care provider without regard to race, sex, color, political philosophy, or religious belief or ability to pay. Participate, so far as circumstances may warrant, in any activity designed and execute to promote the general health of families and children of the North Dorchester, Mattapan, and Roxbury communities of Boston in particular, and the City of Boston in general. Serve as a primary source in all health education activities relating to rendering care to the sick and injured, or to the promotion of physical and mental health. Provide assistance to the community in the development implementation and analysis of health services and policies. Initiate and participate in health related research which promotes the well being of the communities served.. It is also HSNHC’s philosophy that quality health care should be made available, accessible, and acceptable to all people, and rendered in a dignified manner as a right rather than a privilege.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.9% | 84.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.0% | 14.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.1% | 0.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.4 mo | 6.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.2% | 35.3% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
65.0% | 92.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
16.8% | 7.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
12.7% | 7.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
15.3% | 1.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $20.3M | $17.2M | $13.4M | 76.9% | 154 |
| 2023 | $17.4M | $15.2M | $10.3M | 75.4% | 166 |
| 2022 | $15.4M | $13.5M | N/A | — | 158 |
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