Young Mens Christian Assoc
- Assets
- $5.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 50
- Location
- Paterson, NJ
- Founding
- 05/1952
- Data as of
- 06/2021
- EIN
- 22-1487389
Organization Overview
Young Mens Christian Assoc is located in Paterson, NJ. The organization was established in 1952. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. As of 06/2021, Young Mens Christian Assoc employed 50 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Assoc 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, Young Mens Christian Assoc generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 6 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 PATERSON YMCA IS A MEMBERSHIP ASSOCIATION OF PEOPLE OF ALL AGES, INCOMES, RACES, AND RELIGIONS DEDICATED TO BUILDING A HEALTHY BODY, MIND, AND SPIRIT, PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCE PROGRAM - THE YMCA OFFERS AFFORDABLE PERMANENT HOUSING AND SHELTER FOR FREE OR FOR AN AFFORDABLE FEE TO THE YOUNG, ELDERLY, POOR, UNEMPLOYED, HOMELESS AND RETIRED PEOPLE. THE PURPOSE IS TO PROVIDE A WHOLESOME ENVIRONMENT DESIGNED TO FOSTER GOOD CITIZENSHIP AND SOUND CHARACTER. A VARIETY OF SERVICES SUCH AS COUNCILING, TV AND READING ROOM, USE OF GYM AND POOL ARE AVAILABLE TO THE RESIDENTS. THE PROGRAM BENEFITS APPROXIMATLEY 203 INDIVIDUALS. CASE MANAGEMENT AND CONSULTATION WITH LICENSED SOCIAL WORKERS ARE ALSO PROVIDED.
PRESCHOOL PROGRAM - THE MISSION OF THE PRESCHOOL PROGRAM IS TO PROVIDE VITAL EDUCATIONAL AND COMMUNITY PROGRAMING THAT WILL ENHANCE THE MIND, BODY AND SPIRIT OF THE PRESCHOOLERS AND THEIR FAMILIES. THE PROGRAM IS A STATE MANDATED PROGRAM THAT COLLABORATES WITH THE PATERSON BOARD OF EDUCATION TO PROVIDE FREE EDUCATION TO RESIDENTS WITH PRESCHOOL AGED CHILDREN RESIDING IN THE CITY OF PATERSON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Gilliam CEO | Officer | 40 | $140,000 |
Judy Derosena VP Administration | Officer | 40 | $67,000 |
Frank Blesso President | Trustee | 1 | $0 |
Irma Gorham Assistant Treasurer | Trustee | 1 | $0 |
Mary Crooms Board Member | Trustee | 1 | $0 |
Ken Morris Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,000 |
| Fundraising events | $1,232 |
| Related organizations | $0 |
| Government grants | $1,507,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,534,440 |
| Total Program Service Revenue | $38,095 |
| Investment income | $57,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,725,389 |
| 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 | $3,368,363 |
| 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. | $140,000 |
| Compensation of current officers, directors, key employees. | $140,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,360,441 |
| Pension plan accruals and contributions | $118,636 |
| Other employee benefits | $239,216 |
| Payroll taxes | $174,630 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,734 |
| Fees for services: Accounting | $68,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,305 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $360,873 |
| Travel | $3,597 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $301 |
| Interest | $29,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $201,375 |
| Insurance | $132,645 |
| All other expenses | $92,840 |
| Total functional expenses | $3,188,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,591,768 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,195 |
| 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 | $27,120 |
| Net Land, buildings, and equipment | $3,658,541 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $262,194 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,696,818 |
| Accounts payable and accrued expenses | $360,673 |
| Grants payable | $0 |
| Deferred revenue | $2,693 |
| 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 | $1,155,738 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,519,104 |
| Net assets without donor restrictions | $3,928,057 |
| Net assets with donor restrictions | $249,657 |
| 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 | $5,696,818 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Mens Christian Assoc has recieved totaling $31,577.
| Awarding Organization | Amount |
|---|---|
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $31,577 |
Endowment Analysis
| Beg. Balance | $221,864 |
| Earnings | $40,330 |
| Ending Balance | $262,194 |