Family Services Network Of New York
- Assets
- $3.2m
- Revenue
- $7.3m
- Investments
- $0.0
- Employees
- 75
- Location
- Brooklyn, NY
- Founding
- 03/1982
- Data as of
- 06/2023
- EIN
- 11-2592651
Organization Overview
Family Services Network Of New York is located in Brooklyn, NY. The organization was established in 1982. As of 06/2023, Family Services Network Of New York employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Family Services Network Of New York 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 06/2023, Family Services Network Of New York generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 4 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
TO PROVIDE SERVICES TO INDIVIDUALS AND FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL SERVICE PROGRAM - PROVIDE SERVICE TO CLIENTS AND ACCESS TO HEALTH CARE.
MULTI-SERVICE CENTER - PROVIDE USE OF BUILDING FOR COMMUNITY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Igwe President CEO | Officer | 50 | $241,102 |
Preston Elliott Fiscal Director | Officer | 50 | $177,710 |
Shevorne Martin Member | Trustee | 1 | $0 |
Dr Kelvin Jack Member | Trustee | 1 | $0 |
Ronalee Hodge Secretary | Trustee | 1 | $0 |
Cheryl Salter Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,459,111 |
| 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 | $6,459,111 |
| Total Program Service Revenue | $818,278 |
| 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 | $7,287,511 |
| 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 | $3,493,715 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $447,491 |
| Payroll taxes | $267,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $561,198 |
| Travel | $219,106 |
| 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 | $127,147 |
| All other expenses | $1,509,765 |
| Total functional expenses | $6,875,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,858 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $784,887 |
| 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 | $181,080 |
| Net Land, buildings, and equipment | $2,245,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,247,241 |
| Accounts payable and accrued expenses | $869,593 |
| 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 | $1,146,436 |
| Total liabilities | $2,016,029 |
| Net assets without donor restrictions | $1,231,212 |
| 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 | $3,247,241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alternative Community Resource Program Inc Johnstown, PA | $11,981,196 | $12,011,169 |
Family Services Network Of New York Brooklyn, NY | $3,247,241 | $7,287,511 |
Child And Family Resources Inc Penn Yan, NY | $861,765 | $2,197,173 |
Longwood Research Institute Inc Boston, MA | $81,663,420 | $1,976,400 |
Pennsylvania Association Of Student Assistance Professionals State College, PA | $104,780 | $38,458 |
Vac Childrens Foundation Inc Rutland, VT | $486,720 | $15,307 |