Goodwill Recsue Mission Inc
- Assets
- $3.2m
- Revenue
- $498.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New york, NY
- Founding
- 12/1942
- Data as of
- 09/2023
- EIN
- 22-1487207
Organization Overview
Goodwill Recsue Mission Inc is located in New york, NY. The organization was established in 1942. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goodwill Recsue Mission 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 09/2023, Goodwill Recsue Mission Inc generated $498.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $99.9k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (32.1%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
GOODWILL RESCUE MISSION (GRM) PROVIDES FOOD, SHELTER AND GUIDANCE TO THOSE MEN AND WOMEN IN NEED IN THE NEWARK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GOODWILL RESCUE MISSION (GRM) OPERATES AS A CONTROLLED AFFILIATE OF THE BOWERY MISSION, THE NATION'S OLDEST RESCUE MISSION SERVING THOSE IN NEED IN NEWARK EXPERIENCING HOMELESSNESS SINCE THE 1870S. TO MOVE TOWARD A MORE FINANCIALLY SUSTAINABLE LONG-TERM STRATEGY, GOODWILL RESCUE MISSION SUSPENDED DIRECT SERVICES IN MARCH OF 2020. SERVICES REMAIN SUSPENDED AS THE ORGANIZATION EXPLORES NEW OPPORTUNITIES FOR REDEVELOPING ITS CAMPUS AT 79 UNIVERSITY AVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed President/ceo | OfficerTrustee | 3 | $0 |
Name Not Listed Chief Financial Officer (part Year) | OfficerTrustee | 3 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Chief Program Officer | Officer | 5 | $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 | $313,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,848 |
| Total Program Service Revenue | $0 |
| Investment income | $1,477 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $180,000 |
| 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 | $498,225 |
| 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 | $26,157 |
| Pension plan accruals and contributions | $928 |
| Other employee benefits | $2,624 |
| Payroll taxes | $2,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,710 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $2,624 |
| Fees for services: Investment Management | $1,409 |
| Fees for services: Other | $24,113 |
| Advertising and promotion | $503 |
| Office expenses | $20,411 |
| Information technology | $873 |
| Royalties | $0 |
| Occupancy | $6,569 |
| Travel | $131 |
| 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 | $0 |
| Insurance | $7,479 |
| All other expenses | $0 |
| Total functional expenses | $99,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $543,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,664 |
| 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 | $4,455 |
| Net Land, buildings, and equipment | $2,182,491 |
| Investments—publicly traded securities | $78,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $350,000 |
| Total assets | $3,164,967 |
| Accounts payable and accrued expenses | $175,262 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $175,262 |
| Net assets without donor restrictions | $2,911,255 |
| Net assets with donor restrictions | $78,450 |
| 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 | $3,164,967 |