Educational Housing Services Inc
- Assets
- $147.6m
- Revenue
- $20.9m
- Investments
- $0.0
- Employees
- 67
- Location
- New York, NY
- Founding
- 12/1991
- Data as of
- 12/2021
- EIN
- 13-3411159
Organization Overview
Educational Housing Services Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Educational Housing Services Inc employed 67 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Educational Housing Services 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 12/2021, Educational Housing Services Inc generated $20.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $24.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.9%) per year over the past 7 years. 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 EHS & SUBSIDIARIES MISSION IS "TO ENHANCE THE NEW YORK CITY COLLEGE EXPERIENCE BY PROVIDING SAFE AND AFFORDABLE HOUSING IN AN ENRICHING STUDENT LIFE ENVIRONMENT."
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE BY LEASE OR OTHERWISE, MAINTAIN AND OPERATE, IN THE NEW YORK CITY METRO AREA, QUALITY, SAFE, STATE OF THE ART, AFFORDABLE, RESIDENTIAL FACILITIES FOR STUDENTS AND TEACHERS OF EDUCATIONAL INSTITUTIONS. EDUCATIONAL HOUSING SERVICES, INC. ALSO COORDINATES A STUDENT LIFE SOCIAL CALENDAR WHICH PROMOTES STUDENT ACTIVITIES WITHIN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Lynford President | Officer | 27.13 | $583,731 |
Faye Bean Senior VP Leasing & Marketing | Officer | 6.3 | $268,186 |
Ramalingam Ganesh Senior Vp/cfo | Officer | 26.6 | $266,034 |
Christy Chatfield Senior VP Student Life | 14 | $218,333 | |
Joseph La Vacca Treasurer | Officer | 17.5 | $204,835 |
Adam B Kaufman Senior Housing Advisor | 11.9 | $173,771 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Safety Building Cleaning Corp Cleaning | 12/30/21 | $505,341 |
Realty Crown Management Property Management | 12/30/21 | $460,000 |
Park Murray Capital Consulting | 12/30/21 | $433,414 |
Rcn Telecommunications | 12/30/21 | $772,728 |
Innercircle Tech Advisors It Services | 12/30/21 | $421,555 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $818,700 |
| 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 | $818,700 |
| Total Program Service Revenue | $19,257,705 |
| Investment income | $20,132 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $261,591 |
| 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 | $20,918,839 |
| 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. | $1,118,455 |
| Compensation of current officers, directors, key employees. | $1,118,455 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,196,927 |
| Pension plan accruals and contributions | $36,696 |
| Other employee benefits | $137,927 |
| Payroll taxes | $214,729 |
| Fees for services: Management | $404,098 |
| Fees for services: Legal | $45,851 |
| Fees for services: Accounting | $75,263 |
| Fees for services: Lobbying | $78,865 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,367 |
| Advertising and promotion | $415,884 |
| Office expenses | $82,221 |
| Information technology | $115,208 |
| Royalties | $0 |
| Occupancy | $16,731,055 |
| Travel | $17,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,377 |
| Interest | $2,428,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,892 |
| Insurance | $392,264 |
| All other expenses | $3,270 |
| Total functional expenses | $24,881,674 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,052,351 |
| Savings and temporary cash investments | $1,166,359 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,085,826 |
| 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 | $589,712 |
| Net Land, buildings, and equipment | $373,708 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,713,181 |
| Intangible assets | $0 |
| Other assets | $128,626,359 |
| Total assets | $147,607,496 |
| Accounts payable and accrued expenses | $7,698,952 |
| Grants payable | $0 |
| Deferred revenue | $1,194,535 |
| Tax-exempt bond liabilities | $41,383,497 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,550,043 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $114,666,562 |
| Total liabilities | $175,493,589 |
| Net assets without donor restrictions | -$27,886,093 |
| 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 | $147,607,496 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Educational Housing Services Inc has recieved totaling $4,122.
| Awarding Organization | Amount |
|---|---|
Lynford Family Charitable Trust New York, NY PURPOSE: TO PERMIT DONEES TO ACHIEVE THEIR CHARITABLE GOALS | $4,122 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Arc Ocean County Chapter Lakewood, NJ | $28,493,804 | $32,257,873 |
Center For Community Action Everett, PA | $8,701,097 | $31,029,882 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |