Penn South Social Services Inc
- Assets
- $2.4m
- Revenue
- $902.6k
- Investments
- $103.1k
- Employees
- 1
- Location
- New York, NY
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 13-3413349
Organization Overview
Penn South Social Services Inc is located in New York, NY. The organization was established in 1994. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, 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. Penn South Social Services 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, Penn South Social Services Inc generated $902.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $968.5k during the year ending 06/2022. While expenses have increased by 3.3% 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
IN KEEPING WITH THE VISION OF THE FOUNDERS OF PENN SOUTH - A LOW TO MODERATE-INCOME NOT-FOR-PROFIT HOUSING COOPERATIVE OF CLOSE TO 5000 INDIVIDUALS IN A SIX-BLOCK ENCLAVE IN MANHATTAN'S CHELSEA NEIGHTBORHOOD - PENN SOUTH SOCIAL SERVICES (PSSS) IS DEDICATED TO ENHANCING THE LIVES OF ALL WHO LIVE IN ITS COMMUNITY AND ITS SURROUNDING AREA. PSSS ENABLES OLDER ADULTS TO "AGE IN PLACEX AND LIVE INDEPENDENTLY IN THEIR OWN HOMES. WE BELIEVE ALL PEOPLE CAN BE INSPIRED TO ACHIEVE MORE THAN THEY DREAM WHEN SUPPORTED BY ON-SITE SOCIAL SERVICE AND HEALTH CARE PROFESSIONALS IN A STIMULATING ENBIROMENT OF INNOVATIVE CULTURAL AND RECREATION PROGRAMS. PSSS AIMS TO CONTINUE CREATING MODEL PROGRAMS FOR SUCCESSFUL URBAN LIVING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PENN SOUTH PROGRAM FOR SENIORS (PSPS), THE LARGEST AND LONGEST ESTABLISHED PROGRAM, IS DRIVEN BY THE NEEDS AND INTERESTS OF SENIOR RESIDENTS. PSPS ASSISTS NEARLY 1,200 INDIVIDUALS AND THEIR FAMILIES EACH YEAR WITH CASE MANAGEMENT, CASE ASSISTANCE, HEALTHCARE ASSISTANCE AND MANAGEMENT, HEALTH PROMOTION, COMPREHENSIVE GROUP PROGRAMS AND ANCILLARY SERVICES. PSPS OVERSEES A COMPREHENSIVE FALLS PREVENTION PROGRAM THAT SHARPELY REDUCING DANGEROUS FALLS THROUGHOUT THE CO-OP. THE LATEST PROGRAM IMPLEMENTED AT PSPS IS A NEWLY CREATED SOCIAL ADULT DEMENTIA DAY PROGRAM CALLED CLUB CONNECT. CLUB CONNECT OFFERS A SMALL GROUP OF PARTICIPANTS IN THE MIDDLE STAGE OF COGNITIVE DECLINE OPPORTUNITIES TO ENGAGE IN RECREATIONAL ACTIVITIES AND REMAIN ACTIVE IN THEIR COMMUNITY. WITH THE ONSET OF THE COVID-19 PANDEMIC, PSPS HAS SUBSTITUTED VIRTUAL FOR LIVE PROGRAMS AND HAS PROVIDED SERVICES TO HOME BOUND SENIORS INCLUDING MASKS, SHOPPING AND FOOD DELIVERY. IT HAS ALSO MADE ARRANGEMENTS WITH A LOCAL PHARMACY FOR ON-SITE VACCINATION.
PSSS ALSO HAS SEVERAL CLUBS FOR ALL RESIDENTS FOR ALL AGES, INCLUDING: - ANNUAL FLEA MARKET, MOVIE NIGHTS, MUSIC CLUB EVENTS ART/SKETCH CLASSES, CHESS GROUP, CHESS CLUB, TAI CHI CLASSES, GUITAR CLASSES, MEDITATION. ADDITIONALLY, ADDED TWO NEWLY FUNDED PROGRAMS 1. TO PROVIDE FREE TICKETS TO YOUTH UNDER THE AGE OF 17 TO THE THEATER AND 2. NEW ARCHIVE PROJECT TO HEAR THE STORIES OF ORIGINAL COOPERATORS IN THE PENN SOUTH COOP
THE PS-HOPS (PENN SOUTH HOME ORGANIZED PERSONAL SERVICES PROGRAM CONNECTS ITS OVER 300 MEMBERS (18 AND OVER) WITH HEALTH SERVICES AND PRODUICTS AT REDUCED PRICES INCLUDING HOME HEALTH AIDS, EMERGENCY RESPONSE SYSTEMS, HEARING AND VISION SERVICES, ATTORNEYS HOTELS, SALONS, DRY CLEANING AND MORE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Kahn Executive Dir. | Officer | 20 | $52,500 |
Sonia Goldstein 2nd Vice Pres. | OfficerTrustee | 2 | $0 |
Harriet Kriegel 3rd Vice Pres. | OfficerTrustee | 2 | $0 |
Beatrice Corbett Secretary | OfficerTrustee | 2 | $0 |
Daniel Gottfried Treasurer | OfficerTrustee | 2 | $0 |
Mariann Perseo 1st Vice Pres. | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $554,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $606,442 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,160,553 |
| Total Program Service Revenue | $2,044 |
| Investment income | -$268,454 |
| 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 | $902,584 |
| 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. | $52,500 |
| Compensation of current officers, directors, key employees. | $52,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,878 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,561 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,851 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $794,919 |
| Advertising and promotion | $0 |
| Office expenses | $12,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $373 |
| 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 | $5,497 |
| Insurance | $6,106 |
| All other expenses | $287 |
| Total functional expenses | $968,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,932 |
| Savings and temporary cash investments | $283,282 |
| Pledges and grants receivable | $321,885 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,688,431 |
| Investments—other securities | $103,065 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,444,595 |
| Accounts payable and accrued expenses | $167,160 |
| 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 | $944 |
| Total liabilities | $168,104 |
| Net assets without donor restrictions | $1,977,416 |
| Net assets with donor restrictions | $299,075 |
| 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 | $2,444,595 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Penn South Social Services Inc has recieved totaling $115,399.
| Awarding Organization | Amount |
|---|---|
Gerald B Cramer Family Foundation Inc Woodbury, NY PURPOSE: CHARITABLE | $100,000 |
21st Century Ilgwu Heritage Fund New York, NY PURPOSE: TO HELP PROVIDE SUPPORTIVE SERVICES SUCH AS NURSING AND FALL PREVENTION ASSISTANCE TO THE AGING POPULATION OF THE PENN SOUTH COOP AS IT FACES THE CONSEQUENCES OF THE COVID-19 PANDEMIC. | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Element Care Inc Lynn, MA | $83,865,974 | $102,077,849 |
Philadelphia Corporation For Aging Philadelphia, PA | $34,478,381 | $88,420,112 |
Mystic Valley Elder Services Inc Malden, MA | $29,895,171 | $79,691,071 |
Central Boston Elder Services Inc Boston, MA | $36,084,793 | $71,391,953 |
Springwell Inc Waltham, MA | $26,869,035 | $61,604,301 |
Jewish Association For Services For The Aged New York, NY | $34,581,080 | $57,474,811 |
Living Independence For The Elderly Pittsburgh Inc Pittsburgh, PA | $45,005,656 | $55,592,400 |
Southwest Boston Senior Services Inc Jamaica Plain, MA | $18,738,837 | $50,976,438 |
Boston Senior Home Care Inc Boston, MA | $18,709,649 | $46,611,722 |
Riseboro Community Partnership Inc Brooklyn, NY | $38,504,143 | $46,795,171 |
Elder Services Of Cape Cod And The Islands Inc South Dennis, MA | $14,977,853 | $43,360,495 |
Serenity Care Inc Andover, MA | $11,753,267 | $39,517,689 |