Childrens Rescue Fund
- Assets
- $15.2m
- Revenue
- $35.1m
- Investments
- $0.0
- Employees
- 454
- Location
- Bronx, NY
- Founding
- 03/1989
- Data as of
- 06/2022
- 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 06/2022, Childrens Rescue Fund employed 454 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 06/2022, Childrens Rescue Fund generated $35.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $36.0m during the year ending 06/2022. While expenses have increased by 6.0% 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
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 CHILDRENS RESCUE FUND PROVIDES EMERGENCY TRANSITIONAL HOUSING TO HOMELESS FAMILIES AND SINGLE ADULTS IN NYC. CRFS THREE LARGEST SHELTERS ARE HOUSE EAST, LIGHT HOUSE AND KENILWORTH. AT ANY GIVEN TIME, THESE THREE SHELTERS PROVIDE SERVICES TO OVER 400 FAMILIES AND 200 INDIVIDUALS.ON SITE SOCIAL SERVICES INCLUDES INDIVIDUAL COUNSELING, ADVOCACY, EDUCATIONAL WORKSHOPS, AND ASSISTANCE IN SEEKING AND FINDING PERMANENT HOUSING. THE ON-SITE SOCIAL WORKERS WHO PROVIDE MENTAL HEALTH ASSESSMENTS AND CRISIS INTERVENTION. AS AN ORGANIZATION, CRF PARTNERS WITH LOCAL SERVICE PROVIDES FOR SERVICES NOT PROVIDED BY OUR STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Orlando C Ivey President | OfficerTrustee | 40 | $279,308 |
Ashraf Abdeltawab VP Of Finance | Officer | 40 | $157,002 |
Marrolin Beauzile Comptroller | 35 | $143,430 | |
Tahisha Salmon Lue Hing Executive VP | 35 | $143,779 | |
Angela Gonzalez Chief Program Off. | 35 | $170,500 | |
Nixon Pierre Program Director | 35 | $98,442 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services Security | 6/29/22 | $1,909,658 |
Regina Caterers Food Services | 6/29/22 | $1,034,381 |
Global Security Solutions Inc Security | 6/29/22 | $317,894 |
Cts - Connecting The World Wiring/camera Install | 6/29/22 | $147,795 |
Berkley Human Services Insurance | 6/29/22 | $102,861 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,083,094 |
| 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 | $35,083,094 |
| Total Program Service Revenue | $0 |
| Investment income | $383 |
| 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 | $35,084,516 |
| 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. | $436,577 |
| Compensation of current officers, directors, key employees. | $436,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,753,072 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,004,610 |
| 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 | $1,337,065 |
| Advertising and promotion | $0 |
| Office expenses | $936,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,498,063 |
| 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 | $398,444 |
| Insurance | $410,808 |
| All other expenses | $148,011 |
| Total functional expenses | $35,982,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,882,143 |
| Savings and temporary cash investments | $35,728 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,262,619 |
| 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 | $3,894,193 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171,143 |
| Total assets | $15,245,826 |
| Accounts payable and accrued expenses | $10,685,239 |
| 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 | $2,358,555 |
| Unsecured mortgages and notes payable | $319,540 |
| Other liabilities | $0 |
| Total liabilities | $13,363,334 |
| Net assets without donor restrictions | $1,882,492 |
| 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 | $15,245,826 |