Part Of The Solution Inc
- Assets
- $19.2m
- Revenue
- $9.0m
- Investments
- $0.0
- Employees
- 64
- Location
- Bronx, NY
- Founding
- 04/1991
- Data as of
- 12/2023
- EIN
- 13-3425071
Organization Overview
Part Of The Solution Inc is located in Bronx, NY. The organization was established in 1991. According to its NTEE Classification (K35) the organization is classified as: Soup Kitchens, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Part Of The Solution Inc employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Part Of The Solution 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 12/2023, Part Of The Solution Inc generated $9.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $8.7m during the year ending 12/2023. While expenses have increased by 11.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LOVING COMMUNITY IN THE BRONX THAT NOURISHES THE BASIC NEEDS AND HUNGERS OF ALL THOSE WHO COME TO OUR DOOR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOOD SERVICE PROGRAMS - THESE PROGRAMS ARE FUNDED BY A COMBINATION OF INDIVIDUAL, CORPORATE, FOUNDATION, AND GOVERNMENT INCOME. IT CONSISTS OF A PANTRY SERVICE PROVIDED TO COMMUNITY RESIDENTS OF THE SURROUNDING AREA OF THE ORGANIZATION LOCATED IN BRONX, NEW YORK. THE PANTRY SERVICE PROVIDES GROCERIES AND NUTRITIONAL FOOD TO THESE RESIDENTS. THE FOOD PANTRY PROVIDED OVER 2.68 MILLION MEALS IN 2023. IT ALSO CONSISTS OF A COMMUNITY KITCHEN THAT SERVES MEALS TO ALL THOSE IN NEED THAT PASS THROUGH THE DOORS OF THE ORGANIZATION. THE COMMUNITY KITCHEN SERVED OVER 143,000 MEALS IN 2023.
LONG TERM STABILITY SERVICES - THIS PROGRAM CONSISTS OF A CASE MANAGEMENT PROGRAM (SERVED OVER 8,300 HOUSEHOLDS AND OVER 20,000 INDIVIDUALS), A LEGAL CLINIC (SERVED OVER 1,700 HOUSEHOLDS IN 2023), A WORKFORCE DEVELOPMENT PROGRAM (SERVED OVER 498 INDIVIDUALS IN 2023), AND A MENTORSHIP PROGRAM (SERVED APPROXIMATELY 700 HOUSEHOLDS IN 2023). THESE PROGRAMS ARE DESIGNED TO HELP CLIENTS IN THEIR JOURNEYS FROM CRISIS TO STABILITY.
DIGNITY & WELLNESS PROGRAM - THIS PROGRAM CONSISTS OF A SHOWER PROGRAM, HAIRCUTS MAIL SERVICES AND SUBSTANCE ABUSE COUNSELING TO ALL IN NEED. THE DIGNITY AND WELLNESS PROGRAM SERVED OVER 2,900 CLIENTS IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Miller Board Chair | OfficerTrustee | 1 | $0 |
Sr Kathy Byrnes Sc Vice Chair | OfficerTrustee | 1 | $0 |
Sean Hoover Treasurer | OfficerTrustee | 1 | $0 |
Keith Pagnani Secretary | OfficerTrustee | 1 | $0 |
Thomas Butkiewicz Director | Trustee | 1 | $0 |
Chris O'callaghan Director, Thru March 2023 | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $343,882 |
| Membership dues | $0 |
| Fundraising events | $1,019,488 |
| Related organizations | $736,278 |
| Government grants | $879,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,638,872 |
| Noncash contributions included in lines 1a–1f | $1,455,787 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,617,870 |
| Total Program Service Revenue | $0 |
| Investment income | $265,749 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,384 |
| Net Gain/Loss on Asset Sales | -$82 |
| Net Income from Fundraising Events | $60,302 |
| Net Income from Gaming Activities | $12,984 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,969,517 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $16,283 |
| Grants and other assistance to domestic individuals. | $2,811,159 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $373,049 |
| Compensation of current officers, directors, key employees. | $37,305 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,891,994 |
| Pension plan accruals and contributions | $88,061 |
| Other employee benefits | $298,111 |
| Payroll taxes | $270,893 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $46,775 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $494,506 |
| Advertising and promotion | $27,289 |
| Office expenses | $244,189 |
| Information technology | $98,771 |
| Royalties | $0 |
| Occupancy | $341,176 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,542 |
| Interest | $558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419,238 |
| Insurance | $57,216 |
| All other expenses | $0 |
| Total functional expenses | $8,672,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,871 |
| Savings and temporary cash investments | $7,241,824 |
| Pledges and grants receivable | $930,109 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,046 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $88,388 |
| Net Land, buildings, and equipment | $7,575,500 |
| Investments—publicly traded securities | $40,077 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,033,199 |
| Total assets | $19,165,014 |
| Accounts payable and accrued expenses | $315,772 |
| Grants payable | $0 |
| Deferred revenue | $387,396 |
| 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 | $3,346,553 |
| Total liabilities | $4,049,721 |
| Net assets without donor restrictions | $15,026,466 |
| Net assets with donor restrictions | $88,827 |
| 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 | $19,165,014 |