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614 South 3rd Street
Minneapolis, MN 55415
Principal Staff:
Jim Minor,
President/CEO
Board Chair: Steve DeRuyter
EIN: 41-1443148
Phone: 612-332-4500
Fax: 612-333-7608
Website: www.peopleservingpeople.org
IRS Code: 501(c)(3)
Giving Guide Categories
MISSION
To serve homeless children and their families and provide a new opportunity for a healthy, stable family life.
990 SNAPSHOT (2006-2008)
Programs and Expenses (2008)Emergency Housing Facility for Families: $4,585,957 | | | | 3-Year Average Charity Expenses | % of total expenses | | Program Services: | $5,003,372 | 87.8%
| | Management: | $424,243 | 7.4%
| | Fundraising: | $271,197 | 4.8%
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| | Accountability Review Results:Comments from the Council:Much of the financial information in this report is a combination of two related entities, People Serving People Inc. (which delivers programs and administration) and People Serving People Charities Inc. (which supports PSP Inc with fundraising). This allows donors to see a complete picture of its finances. The information listed in the program expenses is from the 990 of PSP Inc.
Date of final report:
08/20/2009 PUBLIC DISCLOSURE
GOVERNANCE
FINANCIAL ACTIVITY
FUNDRAISING
Our Board of Directors resolved to uphold and maintain the Council's Accountability Standards. 09/21/2009 | |
CHARITY RESPONSE TO REVIEW:
People Serving People, Inc. is a major provider of emergency housing to homeless children and their families. Our building can provide up to 99 families with emergency housing nightly, and has 10 units of permanent supportive housing. Two-thirds of our guests are children; the average age of a person staying at PSP is 7.
In addition to providing housing, PSP has a broad range of programs and services designed to address adult barriers to housing and employment, and to address the educational, emotional and recreational needs of children and families.
The 2008 expenses for our five major programs were: Emergency Housing - $3,189,726; Supportive Housing - $162,006; Workforce Development - $218,719; Advocacy Programs - $223,830; Children's Services - $791,666. These programs are provided by PSP, Inc., and are funded through donations and grants received by PSP Charities.
The 2000 renovation of PSP’s facility was paid in part through bonds through the City of Minneapolis. Excess revenue after expenses is placed in a long-term debt reduction fund in preparation for the pay-off of those bonds, which are due in 2020.
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