As the most trusted organization providing services and advocacy to homeless individuals, families and children, it is a core value of Turning Points that as much of our revenue as possible be put directly into services for our neighbors in need.
Download Turning Points IRS Form 990 by clicking here: Turning Points 990 2017-18
Download Turning Points Audited Financial Statement by clicking here: Turning Points Audit 2017-2018
Turning Points Administrative/Finance Section develops the organizational budget; monitors all program budgets and oversees all procurement activities for the organization.
The Finance section processes daily pay requests for assistance through the Open Door, One Stop, Rental Assistance and One Stop Clinic programs.
In addition to these and other daily activities the Finance section has financial responsibility and reporting for federal, state and local grants that assist a variety of the area homeless population. These grants provide for specific services such as rehousing; medical and dental services, veteran services, transportation etc.
Finance Section – Mary Pendleton-Brown, Finance Director firstname.lastname@example.org
During this past year we implemented a new budgeting tool which allows us to plan and monitor our organizational budget in a way that is in line with our organizational goals.
We upgraded and began to utilize more features within our financial software which allows for better tracking financials and ease of reporting.
We have developed a grant tracking tool which allows us to more closely monitor grant deadlines for application, award, and reports. In addition the tool allows for tracking grant amounts requested and awarded as well as serves as a one-stop grant contact resource.
We have an established Financial Planning Committee made up of volunteers and board members; each with very strong/diverse Financial backgrounds. The Committee meets monthly to review the organization’s financials as well as to provide suggestions for capitalizing on our current financial situation and to offer suggestions for implementing strategies adopted by the board of directors.
We recently developed an access database to provide clinic and open door staff a tool for client intake and processing for prescriptions. In addition it is a solution for meeting Administration’s required demographic grant reporting goals each quarter.
CHALLENGES/GOALS – 2018/2019
As our programs grow and as we continue to monitor our financial activities by program and funding source workload will increase. This form of reporting provides for better knowledge of the organization’s financial position; however it requires more time/effort. In addition stringent grant application, reporting, and auditing requirements necessitate more of Administration’s and Finance’s time/effort.
We will continue to review/document processes/procedures and search for affordable solutions to streamline work activities. We will cross-train and delegate those administrative/fiscal duties that can be shifted. We will look for new/innovative funding sources or solutions to funding shortfalls through other programs and agency relationships.