Childrens Rescue Fund
- Assets
- $24.0m
- Revenue
- $53.0m
- Investments
- $0.0
- Employees
- 525
- Location
- Bronx, NY
- Founding
- 03/1989
- Data as of
- 06/2021
- EIN
- 13-3486829
Organization Overview
Childrens Rescue Fund is located in Bronx, NY. The organization was established in 1989. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Childrens Rescue Fund employed 525 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Rescue Fund 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 06/2021, Childrens Rescue Fund generated $53.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $53.3m during the year ending 06/2021. While expenses have increased by 14.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO THE HOMELESS POPULATION WITH SERVICES REQUIRED TO ASSIST AND EMPOWER THEM TO BECOME INDEPENDENT AND SELF-SUFFICIENT PRODUCTIVE CITIZENS TO OBTAIN PERMANENT HOUSING AND ENSURING THEIR CHILDREN'S RIGHTS TO EDUCATION AND HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHILDREN'S RESCUE FUND (THE "FUND") OPERATES ICAHN HOUSE BRONX A 65-UNIT COMPLEX LOCATED IN THE SOUTH BRONX AREA OF NEW YORK CITY. CRF-HOUSE EAST (EAST) A 199-UNIT FACILITY LOCATED IN NYC AND CRF-CLUSTER MODEL PROGRAM (CMP) 300 - 400 UNITS. ALL PROVIDE EMERGENCY AND TRANSITIONAL HOUSING TO HOMELESS FAMILIES CONSISTING OF SINGLE PREGNANT WOMEN AND SINGLE WOMEN WITH CHILDREN. IN ADDITION TO HOUSING, THE FUND PROVIDES SOCIAL SERVICES ON-SITE, INCLUDING JOB COUNSELING, ASSISTANCE IN LOCATING PERMANENT HOUSING, AND NUTRITION COUNSELING. THE FUND IS AFFILIATED WITH MONTEFIORE MEDICAL CENTER, WHICH PROVIDES MEDICAL ASSESSMENT AND TREATMENT SERVICES TO THE FUND RESIDENTS THROUGH ITS DEERFIELD CLINIC. CHILD CARE SERVICES ARE PROVIDED THROUGH AN ON-SITE DAY CARE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando C Ivey President | OfficerTrustee | 40 | $279,316 |
Angela Gonzalez Sr. Vp-Programs | 35 | $165,483 | |
Yolanda Fredericks Dr. Dir Of Qa &sd | 35 | $121,940 | |
Tahisha Salmon Lue Hing VP Of Operations | 35 | $119,566 | |
Marrolin Beauzile Comptroller | 35 | $116,083 | |
Gladys Cueto Executive Director | 35 | $113,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,039,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,240 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,040,477 |
| Total Program Service Revenue | $0 |
| Investment income | $1,099 |
| 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 | $53,044,030 |
| 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. | $424,513 |
| Compensation of current officers, directors, key employees. | $424,513 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,359,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,735,416 |
| 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 | $937,380 |
| Advertising and promotion | $0 |
| Office expenses | $775,216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,530,475 |
| Travel | $0 |
| 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 | $328,315 |
| Insurance | $312,391 |
| All other expenses | $26,412 |
| Total functional expenses | $53,284,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,758,377 |
| Savings and temporary cash investments | $35,719 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,777,895 |
| 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 | $3,195,240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $261,939 |
| Total assets | $24,029,170 |
| Accounts payable and accrued expenses | $17,117,880 |
| 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 | $2,941,487 |
| Unsecured mortgages and notes payable | $1,189,720 |
| Other liabilities | $0 |
| Total liabilities | $21,249,087 |
| Net assets without donor restrictions | $2,780,083 |
| 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 | $24,029,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Rescue Fund has recieved totaling $17,086.
| Awarding Organization | Amount |
|---|---|
Good Plus Foundation Inc New York, NY PURPOSE: TO PROVIDE ESSENTIAL CLOTHING, PRODUCTS AND GEAR FOR CHILDREN AND PARENTS IN NEED. | $17,086 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United Way Of New York City New York, NY | $40,512,646 | $61,047,819 |
United Way Of Massachusetts Bay Inc Boston, MA | $61,459,192 | $54,248,060 |
Childrens Rescue Fund Bronx, NY | $24,029,170 | $53,044,030 |
Jewish Federation Of Greater Philadelphia Philadelphia, PA | $424,827,168 | $56,076,653 |
Masonic Charity Foundation Of New Jersey Burlington, NJ | $172,221,934 | $43,314,018 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY | $189,540,443 | $45,112,374 |
The United Way Of Southwestern Pennsylvania Pittsburgh, PA | $71,821,513 | $41,142,392 |
United Way Of Connecticut Rocky Hill, CT | $9,253,569 | $38,307,240 |
Jewish Federation Of Greater Pittsburgh Pittsburgh, PA | $277,158,927 | $43,372,124 |
Foundation For Jewish Philanthropies Getzville, NY | $249,898,212 | $25,804,353 |
United Way Of Greater Philadelphia And Southern New Jersey Philadelphia, PA | $111,398,154 | $23,240,167 |
Colcom Foundation Pittsburgh, PA | $406,634,028 | $48,313,267 |