Core Services Group Inc

The information for Core Services Group Inc is as of the organization's most recent filing in December 2021. This organization is located in Brooklyn, NY. It has been in existence for 14 years, following its founding in 2007.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Core Services Group Inc's NTEE code is S20. The "S" tells us that the organization is classified under Community Improvement & Capacity Building. The "20" tells us that the organization focuses on Community & Neighborhood Development. The NTEE describes these organizations as those that aim to strengthen, unify, and build the economic, cultural, educational, and social services of an urban community or neighborhood. The organization operates culturally-sensitive emergency and transitional housing for homeless individuals and families, as well as a residential reentry center for formerly incarcerated women and men. Their mission is to provide shelter and supportive services to underserved individuals and families, equipping them with the tools needed for independent living and self-sufficiency.

Program Areas

Core operates several transitional and emergency housing for the homeless in multiple NYC locations and a residential reentry center in Brooklyn NY within the general fund. The organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.

Organization Staffing

Core Services Group Inc is run by Jack Brown, who is the President & CEO. The organization has 975 employees, with only 7 employees being paid more than $100k per year. Unfortunately, the organization does not currently have any volunteers supporting their staff.

Board Governance

Core Services Group Inc is a non-profit organization that appears to be well-governed based on the information provided. The organization has a small board of voting members, all of whom are independent, indicating a lack of potential conflicts of interest within the board. This ensures that decisions made by the board are likely to be objective and in the best interest of the organization and its mission. The fact that board meetings and committee meetings are documented further demonstrates the organization's commitment to transparency and accountability. This documentation allows for a clear record of discussions, decisions, and actions taken during these meetings, ensuring that all board members are well-informed and can contribute effectively. The presence of a conflict of interest policy, disclosure of conflicts requirement, whistleblower policy, and document retention policy all indicate that Core Services Group Inc takes ethical practices seriously. These policies provide guidelines and procedures to address potential conflicts of interest, protect whistleblowers, and ensure proper management and retention of important documents. Furthermore, the organization's commitment to substantiating and reviewing leadership and officer salaries, as well as providing copies of the 990 to the board prior to filing, demonstrates a commitment to financial transparency and accountability. This ensures that the organization's financial practices are regularly reviewed and that board members have access to important financial information. Overall, Core Services Group Inc appears to have a well-governed structure and practices in place, which contribute to its effectiveness and trustworthiness as a non-profit organization.

Organization Growth

The nonprofit organization, Core Services Group Inc, has experienced significant growth over the given time period. Contributions & Grants Received remained at $0 in 2014 and increased to $4.3M in 2021. Program Service Revenue increased from $9.5M in 2014 to $111.2M in 2021. Other Revenue also saw an increase from $6.0K in 2014 to $385.5K in 2021. Total Revenue grew from $9.5M in 2014 to $115.9M in 2021. Employee Salaries increased from $3.3M in 2014 to $30.1M in 2021. Total Expenses also grew from $9.5M in 2014 to $115.4M in 2021. Additionally, the organization's total number of employees increased significantly from 106 in 2014 to 975 in 2021. Overall, Core Services Group Inc has experienced substantial growth in terms of revenue, expenses, employee salaries, and total employees over the given time period.