Postgraduate Center Residence Ii Of New York
- Assets
- $1.4m
- Revenue
- $561.6k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 09/1987
- Data as of
- 06/2021
- EIN
- 13-3411068
Organization Overview
Postgraduate Center Residence Ii Of New York is located in New York, NY. The organization was established in 1987. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Postgraduate Center Residence Ii Of New York 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, Postgraduate Center Residence Ii Of New York generated $561.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $553.4k during the year ending 06/2021. While expenses have increased by 3.4% 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
TO PROVIDE COMMUNITY RESIDENCES AND HOUSING FACILITIES SPECIFICALLY DESIGNED TO PROMOTE THE WELL-BEING FOR THE MENTALLY ILL AND ELDERLY PERSONS. PCMH'S COMMUNITY RESIDENCE PROGRAMS ASSIST CONSUMERS WITH THE DIFFICULT TRANSITION FROM LONG-TERM OR REVOLVING-DOOR HOSPITAL STAYS TO LIFE IN THE COMMUNITY. WHEN A CONSUMER HAS DEVELOPED THE STABILITY AND SKILLS NEEDED TO LIVE INDEPENDENTLY, THEY MAY MOVE TO A SUPPORTED HOUSING APARTMENT OPERATED BY PCMH. A MORE INDEPENDENT LEVEL OF HOUSING THAN COMMUNITY RESIDENCES, TENANTS PAY A PORTION OF THEIR INCOME TOWARDS THEIR RENT AND THE BALANCE IS MADE UP THROUGH A RENT SUBSIDY. CONSUMERS MAY STAY IN THE SUPPORTED HOUSING PROGRAM FOR AS LONG AS THEY WISH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AN APARTMENT COMPLEX OF THIRTY-TWO UNITS IN WHICH HOUSING IS PROVIDED TO THE CHRONICALLY MENTALLY ILL BY POSTGRADUATE CENTER FOR MENTAL HEALTH UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. RESIDENCE II, THE LASALLE STREET RESIDENCE, HAS BEEN IN FULL OPERATION THROUGHOUT THE PAST FISCAL YEAR. THIS TRANSITIONAL RESIDENCE PROVIDES SERVICES TO THIRTY-TWO SERIOUSLY AND PERSISTENTLY MENTALLY ILL ADULTS. WITHIN THE LAST SEVERAL YEARS, TWELVE OF THE SITE'S RESIDENTS WERE DISCHARGED APPROPRIATELY TO ALTERNATIVE LEVELS OF CARE. THE SITE ALSO HAD TWELVE NEW YORK STATE OFFICE OF MENTAL HEALTH PRIORITY ADMISSIONS, NOTED AS "HIGH NEEDS" CLIENTS. THESE CLIENTS WERE ALL ADMITTED FROM STATE OR ACUTE CARE INPATIENT PSYCHIATRIC UNITS. ALL OF THESE TWELVE NEW CLIENTS HAVE HAD A SMOOTH TRANSITION TO THE SITE AND CONTINUE TO RECEIVE THE FULL COMPLEMENT OF SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Benel Secretary | OfficerTrustee | 1 | $0 |
Jacob Barak PHD President & CEO | OfficerTrustee | 1 | $0 |
Cara Turner Vice President | OfficerTrustee | 1 | $0 |
Christopher Burke Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $558,119 |
| Investment income | $3,473 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,592 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,944 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,380 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $0 |
| Office expenses | $19,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $281,226 |
| Travel | $450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,872 |
| Insurance | $10,610 |
| All other expenses | $0 |
| Total functional expenses | $553,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,935 |
| Savings and temporary cash investments | $189,181 |
| Pledges and grants receivable | $5,913 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,140,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,227 |
| Total assets | $1,380,128 |
| Accounts payable and accrued expenses | $115,203 |
| Grants payable | $0 |
| Deferred revenue | $2,596 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $11,227 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,137,253 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $317,007 |
| Total liabilities | $1,583,286 |
| Net assets without donor restrictions | -$203,158 |
| Net assets with donor restrictions | $0 |
| 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 | $1,380,128 |
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