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Pine Street Inn Case Report: Budget Woes and Worst Ahead

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CASE REPORT: BUDGET WOES AND WORST AHEAD

ADITYA DEV SINGH SAMBYAL

GUTHA RAVI TEJA

BUSINESS INTELLIGENCE AND STATISTICS

TABLE OF CONTENTS

  1. EXEXUTIVE SUMMARY                                                                                                 1
  2. INTRODUCTION
  3. KEY ISSUES
  4. RECOMMENDATIONS
  5. CONCLUSION

EXECUTIVE SUMMARY

Founded in 1969, Pine street inn serves nearly 12000 homeless people annually, providing the full spectrum of services to help men and women in order to reach highest level of independence and get back to a place they can call home. Paul Sullivan, one of the founder of the Pine Street Inn became the first director. It is located in Boston and provides roof and serves the destitute of the society. Pine street provides street lookouts, emergency care, permanent housing, supporting housing, job training and job placement. They even served alcoholics & drug addicts and their proper Rehabilitation was done. After the level funding by State of Massachusetts they faced issues in managing their finances and deliberation in management decisions regarding few issues such as operations of various activities, the division of operational funds to different activities, number of guests, night stays and managing them due to cash cut back. So they tried to recover by increasing the charitable donations but this approach was not sustainable for long run.

This case report provides few recommendations to the issues arise:.

  1. Effective income sources
  2. Generating revenue through homeless people by giving them work
  3.  Giving better rehabilitation facilities
  4. Setting up goals to accommodate homeless people in future

INTRODUCTION

Pine Street Inn one of the prominent and oldest homeless shelter has a distinct commitment to provide roof with no judgement, no conditions and no strings attached date back to the organization creation in 1968 and its first director Paul Sullivan. Pine Street Inn helps homeless individuals by picking them off of the streets and by putting a roof on their head. The 315-bed facility had been developed in 1916 as “The Rufus E. Dawes Hotel of Boston,” a low cost hotel for itinerant laborers, it went through several changes through its course until the ABUP took over and renamed it The Pine Street Inn converted it from a low cost hotel to a homeless shelter, funded by the state’s welfare department. By the winter of 2004 there were a counted a total of 6,241 homeless people in Boston up from an estimated 500 in 1980. With an annual operating budget of $27.5 million Pine Street served, on an average, 1,500 homeless individuals each day and 12,000 annually. By 2004, Pine Street Inn faced with the a significant cash crunch due to Pine Street’s revenues had dropped from $29.6 million to $26.9 million with more to follow over the next few years. Leadership team believed it was time for Pine Street’s management to introspect its organizational and financial strategy

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KEY ISSUES

There are three main problems ailing Pine Street Inn:

  1. Declivity in funding
  2. Not setting up proper financial strategies
  3. Management team failure

Declivity in funding:

In 2003-2004 the revenues of pine street inn declined from $29.6 million to $26.9 million. The revenues declined because The State of Massachusetts had level-funded the organization and it was the only primary funding source for Pine Street Inn. Also they faced an immediate budget crisis as funding cut foreshadowed a long-term trend. So they had to cut back services also.

NOT SETTING UP PROPER FINANCIAL STRATEGIES:

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