Services For The Underserved Inc
- Assets
- $8.7m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 237
- Location
- New York, NY
- Founding
- 02/2006
- Data as of
- 06/2017
- EIN
- 32-0353562
Organization Overview
Services For The Underserved Inc is located in New York, NY. The organization was established in 2006. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2017, Services For The Underserved Inc employed 237 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Services For The Underserved 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 06/2017, Services For The Underserved Inc generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 32.2% each year . All expenses for the organization totaled $15.8m during the year ending 06/2017. While expenses have increased by 32.3% per year over the past 3 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S EMERGENCY SHELTER OFFERS A SAFE ENVIRONMENT FOR INDIVIDUALS WITH MENTAL ILLNESS FACING A WIDE RANGE OF CO-OCCURRING CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES TRANSITIONAL HOUSING IN NEW YORK CITY FOR HOMELESS ADULTS LIVING WITH MENTAL ILLNESS. IN ADDITION TO THE HOUSING, RESIDENTS ARE OFFERED SERVICES TO PROMOTE RECOVERY AND INDEPENDENT LIVING. THE EMERGENCY SHELTER SERVES APPROXIMATELY 500 PEOPLE ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Southwell Svp, Homeless & Treatment Srvs | 24 | $153,819 | |
Donna Colonna CEO | Officer | 0.4 | $3,658 |
Perry Perlmutter CFO | Officer | 0.4 | $2,347 |
Terence Blackwell Thru 716 COO | Officer | 0.4 | $1,752 |
Joann Y Sacks PHD Chair | OfficerTrustee | 1 | $0 |
Michael Whelan Thru 416 CFO | Officer | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ahtram Services Corp Staffing | 6/29/17 | $397,731 |
Fjc Security Services Inc Security Staffing | 6/29/17 | $2,291,626 |
Corporate Climate Control Inc Repairs/maintenance | 6/29/17 | $219,646 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $15,624,121 |
| Statement of Expenses | |
|---|---|
| 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. | $8,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,216,636 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,199,077 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $773 |
| Fees for services: Accounting | $15,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,387 |
| Advertising and promotion | $12,663 |
| Office expenses | $201,242 |
| Information technology | $126,624 |
| Royalties | $0 |
| Occupancy | $4,632,320 |
| Travel | $110,201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150,742 |
| Insurance | $65,538 |
| All other expenses | $0 |
| Total functional expenses | $15,830,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,726,215 |
| 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 | $354,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,212,081 |
| Total assets | $8,662,192 |
| Accounts payable and accrued expenses | $259,363 |
| Grants payable | $0 |
| Deferred revenue | $1,382,296 |
| 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 | $5,915,711 |
| Total liabilities | $7,557,370 |
| Net assets without donor restrictions | $1,104,822 |
| 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 |
| Total liabilities and net assets/fund balances | $1,104,822 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
First Chinese Presbyterian Community Affairs Home Attendant C New York, NY | $26,741,134 | $40,973,137 |
Corporation For Supportive Housing New York, NY | $191,922,281 | $44,983,722 |
Community Options New York Inc Princeton, NJ | $30,057,554 | $34,330,215 |
Lantern Community Services Inc New York, NY | $8,603,902 | $30,172,757 |
Pathstone Corporation Rochester, NY | $88,645,469 | $21,347,590 |
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |