The Midnight Mission (TMM) is the oldest continuously operating human service organization in the Los Angeles region. Centered in the Skid Row area of downtown Los Angeles, The Midnight Mission runs one of the most efficient direct service operations in the country. With only five executive managers throughout its 100-year history, The Midnight Mission has been a consistent beacon of light for those with nowhere else to turn.
Founded in 1914, TMM was established as a not-for-profit organization in 1922. In 1974, Clancy Imislund was recruited to lead the Mission. A recovering alcoholic himself, and leader in the Los Angeles recovery community, Clancy brought a level of empathy and understanding that was difficult to match. For the next thirty years, Clancy led The Midnight Mission through dramatic changes that have occurred on Skid Row, where the homeless population has grown to become one of the largest of any American city.
Since 2016, The Midnight Mission has been led by former Los Angeles Homeless Services Authority (LAHSA) Executive Director G. Michael Arnold, who brings a new level of professionalism and structure to this humanitarian organization. Today, TMM has an annual operating budget of $12 million with 167 employees, supported by approximately 11,000 yearly dedicated volunteers. It operates 271 beds for men at its downtown location, plus 49 beds set aside for women, the first and largest service offering of its kind on Skid Row.
The Midnight Mission also has an 11-unit family transitional housing facility in Inglewood, Homelight Family Living. In October 2016, The Midnight Mission opened The Courtyard OC, a 425-bed program funded by the County of Orange at the former Santa Ana Transit Terminal. The Courtyard provides a safe and secure environment to those seeking respite from the streets.
Today, government contracts provide approximately 50% of TMM’s operating budget. A third of the balance comes from individual donations of all sizes. Additional revenue is provided by legacy gifts and foundation grants. The Midnight Mission offers a variety of helpful resources to anyone who walks through its doors, providing its guests and program participants with the tools they need to build a bridge to self-sufficiency.
The Chief Financial Officer provides executive financial leadership and direction to maintain the overall integrity of fiscal data. The CFO will set The Midnight Mission’s financial policy and direction while also being a participant in the organization’s overall strategy. As a member of the senior leadership team, the CFO will work closely with the Board Finance Committee and The Midnight Mission Directors.
Reporting to and partnering with the Chief Executive Officer, the CFO will directly supervise a five-person team including the Controller and the Manager of Budget and Government Contracts. He/She/They will partner closely with the Human Resources and Information Technology departments to assure The Midnight Mission is following best practices in Finance, Human Resources, and Information Technology.
Functional Responsibilities are as follows:
Strategy and Budgeting
- Partner with the CEO on operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
- Participate in the ongoing strategic planning process as an integral member of the senior management team.
- Oversee long-term budgetary planning and cost management in alignment with The Mission’s strategic plan.
- Direct the accurate input of departmental operating and capital budgets and maintains responsibility for tracking and reporting monthly variances.
- Conduct and provide financial projections based on past history, present revenue and expense, and future trends.
- Estimate and forecast future cash flow, revenues, and expenditures.
- Continuously monitor information technology needs to assure the best practices the organization can afford.
Financial and Operational Management
- Ensure the finance team maintains financial record systems in accordance with Generally Accepted Accounting Principles and monitor the use of all funds.
- Plan, develop, and enforce financial policies, procedures, and practices for The Mission.
- Assure processes and procedures are in place to optimize reimbursement from and compliance with government contracts. Specifically oversee the cost reimbursement techniques and cost allocation accounting underlying government contract billing.
- Plan, prepare, and oversee timely month-end closings.
- Compile, analyze, and report monthly financial data to Management and Board of Directors in a timely, consistent, and accurate manner. Communicate to CEO any outlining changes in financial position, cash flow status and significant variances.
- Produce bi-weekly full-time-equivalent (FTE) monitoring reports.
- Maintain monthly cash flow report showing past activities and projected activities. Keeps CEO and Board appraised of cash flow needs.
- Organize allocations for all funds and updates as necessary.
- Oversee outside auditors in partnership with the Controller.
- Oversee preparation and timely submittal of all State and Federally required information returns.
- Manage and oversee all accounts receivable and accounts payable activities, ensuring the accuracy of all journal entries.
- Ensure all documents, document requests, and miscellaneous requests by auditors, government contract partners, and external parties are expedited and delivered promptly.
- Direct all activities and duties of Finance department staff.
- Oversee government contracts and relationships with the Los Angeles Homeless Services Authority (LAHSA), Orange County, and other grantors of homeless services.
- Ensure payroll tasks and reporting and accounting entries are accurate and best practice. This includes the work of Finance and Human Resources personnel.
- Develop, manage, and direct Finance team and guide larger multidisciplinary teams outside of direct span of control.
- Engage other members of the Senior Leadership Team – Program Services, Information Technology, Human Resources, and Operations – to facilitate cross-departmental collaboration that ensures all financial solutions positively support The Mission’s evolving strategy, operational delivery, and data collection needs.
- Provide guidance on attracting and developing key team members for The Midnight Mission.
- Assists with security, facilities, and maintenance personnel in providing a clean, safe, environment for employees and clients;
- Adheres to all divisional and organizational policies and procedures.
- A minimum of five years of financial management and leadership experience with a nonprofit organization, ideally including three years as a CFO
- Demonstrated excellence in managing finance, accounting, budgeting, cost reimbursement accounting, internal control, and management reporting.
- Strong analytical skills and experience interpreting a strategic vision into financial operations reporting.
- Fund accounting and fiscal grants management of government funds.
- Direct experience with homeless services is not an absolute requirement, but familiarity with homeless funding regulations, requirements, and procedures would be a significant plus.
- CPA preferred.
- Bachelor’s degree required. Master’s degree in accounting or related field preferred.
The ideal candidate will be an engaged leader and a skillful manager who exudes passion for The Midnight Mission. He/She/They will have a collaborative and flexible style along with a strong leadership mentality. The CFO will serve as a team leader with staff, interns, and volunteers who are committed to lifelong learning and come from diverse social, economic, and cultural backgrounds. Many staff members are themselves former clients of The Midnight Mission’s programs. The CFO will be a hands-on manager with integrity who enjoys mentoring and working in a mission driven environment. At the same time, the CFO must have a strategic overview of the Finance function and must enjoy analytics and continuous improvement. The CFO must be an effective communicator with strong oral and written skills.
The Midnight Mission is offering a competitive salary, commensurate with the experience and qualifications of the selected candidate, and an excellent benefits package including health, dental and vision insurance and an employee contribution retirement plan. The client is willing to negotiate basic relocation expenses for the exceptional individual they are seeking.
The Midnight Mission saves lives. This is an opportunity for a financial professional to implement systems improvement and the adoption of best practices in a kind and supportive culture. Success will enable TMM to expand its critically needed outreach to the ever-growing homeless population in Los Angeles and Orange Counties.
Please submit cover letter and résumé as attachments via e-mail to:
Joseph McCormack, Founding Partner or Catie DiFelice, Senior Associate
1740 Broadway, 15th Floor
New York, NY 10019
Phone: 212.531.5003 | Fax: 212.203.9599
All inquiries will be held in strict confidence. Please note that your education, dates of employment and other information will be verified prior to an offer.
McCormack+Kristel works only with equal opportunity employers. People of color, people with disabilities and people of diverse sexual orientation, gender expressions and identities are encouraged to apply.