Project Renewal Inc
- Assets
- $70.0m
- Revenue
- $104.1m
- Investments
- $0.0
- Employees
- 1,205
- Location
- New York, NY
- Founding
- 04/1968
- Data as of
- 06/2021
- EIN
- 13-2602882
Organization Overview
Project Renewal Inc is located in New York, NY. The organization was established in 1968. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2021, Project Renewal Inc employed 1,205 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Renewal Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Project Renewal Inc generated $104.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $103.9m during the year ending 06/2021. While expenses have increased by 7.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES ACCESSIBLE FACILITES IN NEW YORK CITY THAT OFFER MEDICAL, EMPLOYMENT, HOUSING, AND COMMUNITY OUTREACH SERVICES TO HOMELESS AND FORMERLY HOMELESS PEOPLE SUFFERING FROM MENTAL ILLNESS, ALCOHOLISM, AND SUBSTANCE ABUSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TREATMENT AND TRANSITIONAL HOUSING - THE ORGANIZATION PROVIDES TEMPORARY HOUSING WITH ON-SITE TREATMENT AND REHABILITATION SERVICES FOR THE HOMELESS, MENTALLY ILL AND INDIVIDUALS WITH SUBSTANCE USE ISSUES. IN 2021, PROJECT RENEWAL, INC. PROVIDED TREATMENT AND TRANSITIONAL HOUSING SERVICES TO OVER 8,504 NEW YORKERS INCLUDING WOMEN, MEN, CHILDREN, SENIORS, VETERANS AND LGBTQ YOUNG ADULTS.
MEDICAL SERVICES - THE ORGANIZATION OPERATES A HEALTH CARE PROGRAM DELIVERING PRIMARY CARE, BEHAVIORAL HEALTH, SUBSTANCE USE AND DENTAL SERVICES IN BRICK AND MORTAR AND MOBILE CLINIC SETTINGS. MANY PATIENTS RECEIVE SERVICES FROM THROUGH INTERVENTION FROM THE MOBILE PSYCHIATRIC AND MEDICAL TEAMS.
EMPLOYMENT SERVICES AND OUTREACH - PROVIDED EDUCATIONAL AND VOCATIONAL ASSESSMENT TRAINING, JOB PLACEMENT AND RETENTION SERVICES. EIGHT HUNDRED FOURTEEN PEOPLE RECEIVED VOCATIONAL TRAINING AND JOB PLACEMENT SERVICES. THERE WERE OVER 1,700,000 MEALS SERVED BY OUR CITY BEET KITCHENS CATERING PROGRAM THAT FEEDS MORE HOMELESS NEW YORKERS THAN ANY OTHER ORGANIZATION AND EMPLOYS THIRTY ONE OF OUR CULINARY ARTS TRAINING PROGRAM GRADUATES.
PERMANENT HOUSING AND PERMANENT HOMES - THE ORGANIZATION OPERATES INDEPENDENT RESIDENTIAL LIVING WITH ON-SITE SUPPORTIVE SERVICES FOR INDIVIDUALS BEHAVIORAL HEALTH CHALLENGES, PEOPLE LIVING WITH HIV/AIDS AND INDIVIDUALS WITH SUBSTANCE USE HISTORIES. COMMUNITY OUTREACH SERVICES ARE PROVIDED TO INDIVIDUALS IN SHELTERS AND ON THE STREET. MOBILE PSYCHIATRIC AND MEDICAL TEAMS CONNECT HOMELESS MEN AND WOMEN WITH TREATMENT PROGRAMS. MEN AND WOMEN ARE PROVIDED WITH CASE MANAGMENT SUPPORT TO GUIDE THEM THROUGH MEDICAL, EMPLOYMENT AND HOUSING SERVICES AVAILABLE THROUGHOUT THE CITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Grolnick Chief Medical Officer | Officer | 37 | $348,239 |
Eric Rosenbaum President & CEO | Officer | 40 | $322,551 |
Joann Rudin Chief Operations Officer | Officer | 37 | $251,008 |
Andrew Pearson Psychiatrist | 35 | $234,244 | |
Rebecca Capasso Psychiatrist | 35 | $232,545 | |
Catherine DE Silva Chief Development Officer | 35 | $230,990 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sera Security Services Llc Security Services | 6/29/21 | $5,562,733 |
Winfield Security Security Services | 6/29/21 | $3,552,780 |
Arrow Security Security Services | 6/29/21 | $2,354,763 |
Partners International It Consulting | 6/29/21 | $161,429 |
Marks Paneth Llp Auditing Services | 6/29/21 | $129,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,497,178 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,344,681 |
| Noncash contributions included in lines 1a–1f | $15,731 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $90,841,859 |
| Total Program Service Revenue | $12,444,206 |
| Investment income | $128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,000 |
| Net Gain/Loss on Asset Sales | $609 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,099,662 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,589,208 |
| Compensation of current officers, directors, key employees. | $1,105,947 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,262,127 |
| Pension plan accruals and contributions | $396,859 |
| Other employee benefits | $4,972,340 |
| Payroll taxes | $4,408,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $246,099 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $72,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,025,686 |
| Advertising and promotion | $0 |
| Office expenses | $2,851,088 |
| Information technology | $367,479 |
| Royalties | $0 |
| Occupancy | $18,016,139 |
| Travel | $115,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,735 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $944,261 |
| Insurance | $1,793,168 |
| All other expenses | $344,369 |
| Total functional expenses | $103,909,169 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,868,730 |
| Savings and temporary cash investments | $28,694 |
| Pledges and grants receivable | $1,271,377 |
| Accounts receivable, net | $32,772,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $916,431 |
| Net Land, buildings, and equipment | $8,319,691 |
| Investments—publicly traded securities | $199,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,090,803 |
| Total assets | $69,968,060 |
| Accounts payable and accrued expenses | $16,634,312 |
| Grants payable | $0 |
| Deferred revenue | $15,527,174 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $64,422 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $12,660,000 |
| Unsecured mortgages and notes payable | $8,263,870 |
| Other liabilities | $11,186,996 |
| Total liabilities | $64,336,774 |
| Net assets without donor restrictions | $1,533,557 |
| Net assets with donor restrictions | $4,097,729 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,968,060 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Project Renewal Inc has recieved totaling $1,750.
| Awarding Organization | Amount |
|---|---|
Irving And Geraldine Schaffer Foundation Inc Scarsdale, NY PURPOSE: GENERAL USE | $1,000 |
Fein Ross Family Foundation New York, NY PURPOSE: RELIGIOUS, COMMUNITY AND EDUCATIONAL | $500 |
Martin And Rebecca Eisenberg Founda Springfield, NJ PURPOSE: GENERAL | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Services For The Underserved Inc New York, NY | $158,983,131 | $233,900,178 |
The May Institute Inc Randolph, MA | $81,888,199 | $141,934,180 |
Behavioral Health Network Inc Springfield, MA | $65,551,106 | $133,127,177 |
Bay Cove Human Services Inc Boston, MA | $73,611,314 | $126,196,963 |
Project Renewal Inc New York, NY | $69,968,060 | $104,099,662 |
Oaks Integrated Care Mount Holly, NJ | $100,358,331 | $101,562,594 |
Independent Support Services Inc Monticello, NY | $24,263,937 | $88,755,819 |
Service Access And Management Inc Reading, PA | $35,713,414 | $89,154,160 |
Pmhcc Inc Philadelphia, PA | $40,389,746 | $92,550,442 |
Northeast Behavioral Health Corporation Danvers, MA | $26,435,080 | $68,219,943 |
Spectrum Health Systems Inc Worcester, MA | $87,563,287 | $97,478,022 |
Liberty Resources Inc Syracuse, NY | $28,260,696 | $72,702,339 |