Doe Fund Inc
- Assets
- $156.5m
- Revenue
- $78.4m
- Investments
- $0.0
- Employees
- 709
- Location
- New York, NY
- Founding
- 02/1988
- Data as of
- 06/2022
- EIN
- 13-3412540
Organization Overview
Doe Fund Inc is located in New York, NY. The organization was established in 1988. 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 06/2022, Doe Fund Inc employed 709 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Doe Fund 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 06/2022, Doe Fund Inc generated $78.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $57.7m during the year ending 06/2022. While expenses have increased by 3.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1985, THE DOE FUND HAS PROVIDED OVER 30,000 INDIVIDUALS WITH THE TOOLS TO BREAK THE DEVASTATING CYCLE OF POVERTY, HOMELESSNESS, AND INCARCERATION. THE ORGANIZATION'S READY, WILLING & ABLE PROGRAM OFFERS PAID WORK, CAREER TRAINING, HOUSING, AND COMPREHENSIVE SUPPORTIVE SERVICES TO FORMERLY HOMELESS AND INCARCERATED MEN IN NEW YORK CITY. GRADUATES OF READY, WILLING & ABLE ARE 62% LESS LIKELY TO REENTER THE CRIMINAL JUSTICE SYSTEM COMPARED TO DEMOGRAPHICALLY-IDENTICAL INDIVIDUALS, AND THE PROGRAM'S WORK WORKS MODEL HAS BEEN REPLICATED IN COMMUNITIES ACROSS THE COUNTRY. THE DOE FUND'S EXPANDING PORTFOLIO OF PERMANENT AFFORDABLE HOUSING GIVES VETERANS, LOW-INCOME INDIVIDUALS AND FAMILIES, PEOPLE STRUGGLING WITH SUBSTANCE ABUSE ISSUES, HIV/AIDS, MENTAL ILLNESS AND PHYSICAL DISABILITIES ACCESS TO STATE-OF-THE-ART, SAFE HOMES WITH ON-SITE SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE OTHE DOE FUND EMPOWERS PEOPLE TO BREAK THE CYCLES OF HOMELESSNESS, SUBSTANCE ABUSE AND INCARCERATION THROUGH INNOVATIVE PAID WORK PROGRAMS, HOUSING, SUPPORTIVE SERVICES AND BUSINESS VENTURES. INCORPORATED IN 1987, THIS AWARD-WINNING AND NATIONALLY RECOGNIZED NON-PROFIT ORGANIZATION REMAINS ON THE CUTTING EDGE OF HOMELESS SERVICES, WORKFORCE DEVELOPMENT, PRISONER REENTRY, LOW-INCOME AND SPECIAL NEEDS HOUSING. AS THE UMBRELLA ORGANIZATION FOR MULTIPLE PROGRAMS, INITIATIVES AND REAL ESTATE DEVELOPMENTS, THE DOE FUND COMPREHENSIVELY MEETS THE NEEDS OF A DIVERSE HOMELESS POPULATION. IN ADDITION TO ITS FLAGSHIP PAID WORK AND JOB TRAINING PROGRAM, READY, WILLING & ABLE, SOME OF THE DOE FUND'S OTHER NOTABLE ACHIEVEMENTS INCLUDE THE CREATION OF THE FIRST NEWLY CONSTRUCTED S.R.O. IN NEW YORK CITY IN 50 YEARS AS WELL AS THE CONCEPTUALIZATION, DEVELOPMENT, CONSTRUCTION AND SUBSEQUENT MANAGEMENT OF THE PETER JAY SHARP CENTER FOR OPPORTUNITY, A 400-BED STATE-OF-THE-ART HOMELESS FACILITY THAT HAS REDEFINED HOMELESS SERVICES IN NEW YORK CITY. WITH VARIOUS REVENUE-GENERATING MICRO-BUSINESSES, INCLUDING A PEST EXTERMINATION COMPANY, THE DOE FUND IS ON THE FOREFRONT OF SOCIAL ENTREPRENEURSHIP, DIVERSIFYING ITS FUNDING SOURCES WHILE SIMULTANEOUSLY PROVIDING INDUSTRY-SPECIFIC TRAINING OPPORTUNITIES FOR ITS PROGRAMS' PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harriet Mcdonald President/ceo | OfficerTrustee | 26 | $455,523 |
Steven Koppel Chairman | OfficerTrustee | 1 | $0 |
Christian Diez Treasurer As Of 8/16/21 | OfficerTrustee | 0.75 | $0 |
David Shapiro Board Member | Trustee | 0.5 | $0 |
Bill Thompson Board Member | Trustee | 0.5 | $0 |
Sunil Kapadia Board Member | Trustee | 0.75 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lamb Financial Group Insurance Broker/services | 6/29/22 | $672,075 |
Cohn Reznick Audit & Tax Services | 6/29/22 | $214,741 |
Development Guild External Affairs Assessment | 6/29/22 | $121,446 |
Baker Tilly Us Llp Audit & Tax Services | 6/29/22 | $155,410 |
Focal Print Printing & Mailing Services | 6/29/22 | $167,933 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,035,425 |
| Related organizations | $0 |
| Government grants | $50,246,457 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,065,033 |
| Noncash contributions included in lines 1a–1f | $150,805 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,346,915 |
| Total Program Service Revenue | $15,818,564 |
| Investment income | $4,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,372 |
| Net Income from Fundraising Events | -$91,110 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,427,074 |
| 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. | $1,711,504 |
| Compensation of current officers, directors, key employees. | $1,711,504 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,584,075 |
| Pension plan accruals and contributions | $385,647 |
| Other employee benefits | $4,498,280 |
| Payroll taxes | $2,391,994 |
| Fees for services: Management | $3,741,880 |
| Fees for services: Legal | $336,299 |
| Fees for services: Accounting | $227,383 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,542,855 |
| Advertising and promotion | $31,188 |
| Office expenses | $951,728 |
| Information technology | $546,019 |
| Royalties | $0 |
| Occupancy | $2,462,320 |
| Travel | $1,595,667 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,349 |
| Interest | $121,176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $348,165 |
| Insurance | $287,186 |
| All other expenses | $320,208 |
| Total functional expenses | $57,650,206 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650,952 |
| Savings and temporary cash investments | $326,753 |
| Pledges and grants receivable | $80,499 |
| Accounts receivable, net | $62,628,833 |
| 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 | $1,133,110 |
| Net Land, buildings, and equipment | $18,021,341 |
| Investments—publicly traded securities | $99,654 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $72,587,337 |
| Total assets | $156,528,479 |
| Accounts payable and accrued expenses | $12,200,306 |
| Grants payable | $0 |
| Deferred revenue | $599,989 |
| 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 | $16,427,599 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,829,151 |
| Total liabilities | $92,057,045 |
| Net assets without donor restrictions | $64,471,434 |
| 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 | $156,528,479 |