Supportive Housing Network Of New Y York Inc
- Assets
- $7.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 12
- Location
- New York, NY
- Founding
- 09/1994
- Data as of
- 12/2023
- EIN
- 13-3755149
Organization Overview
Supportive Housing Network Of New Y York Inc is located in New York, NY. The organization was established in 1994. As of 12/2023, Supportive Housing Network Of New Y York Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Supportive Housing Network Of New Y York 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, Supportive Housing Network Of New Y York Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 4.3% per year over the past 8 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
THE NETWORK'S MISSION IS TO INCREASE THE PUBLIC'S UNDERSTANDING OF SUPPORTIVE HOUSING.SHARE BEST PRACTICES TO IMPROVE SUPPORTIVE HOUSING'S EFFECTIVENESS AND ENCOURAGE THE CREATION OF ENOUGH SUPPORTIVE HOUSING TO END HOMELESSNESS AMONG THE MOST VULNERABLE NEW YORKERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023 ACCOMPLISHMENTS INCLUDED CONTINUING TO SUPPORT OUR MEMBERS AS THEY STRUGGLED WITH INCREASED TENANT NEEDS AS WELL AS CHRONIC STAFF SHORTAGES. WE ALSO BROUGHT MORE THAN 90 STAFF FROM 60 ORGANIZATIONS TOGETHER IN FOUR ROUNDTABLES TO PRESS FOR CHANGE IN SUPPORTIVE HOUSING RESIDENCES. WE DISTILLED THIS INFORMATION INTO A SERIES OF RECOMMENDATIONS THAT WE SHARED WITH CITY AND STATE STAKEHOLDERS. WE ALSO HELD FOUR ROUNDTABLES WITH TENANTS TO GATHER THEIR INPUT ON WHAT WAS HAPPENING IN THEIR HOUSING, ALL OF WHICH ECHOED WHAT WE HAD HEARD FROM STAFF. THIS INPUT LED US TO DESIGN A SERIES OF TRAININGS AND COMMUNITY OF PRACTICES AIMED AT STRENGTHENING STAFF'S HARD AND SOFT SKILLS TO MEET THE CURRENT CHALLENGES. WE MOUNTED A CAMPAIGN TO ALIGN DEEPLY UNEQUAL FUNDING RATES THAT WERE CRIPPLING MEMBERS' ABILITY TO STAY OPEN. WE ALSO WON CHANGES TO A PRESERVATION FUNDING OPTION ALLOWING THOUSANDS OF UNITS TO MAKE USE OF THIS NEW RESOURCE. FINALLY, WE ANALYZED AND PUBLISHED OUR FINDINGS ON THE NEED TO RE-ALLOCATE FUNDING FOR 6200+ UNITS OF SUPPORTIVE HOUSING UNDER THE NYC 15/15 AGREEMENT TO ENSURE ITS COMPLETION. IN ADDITION OUR ANNUAL CONFERENCE ATTRACTED A RECORD NUMBER OF REGISTRANTS 1800 PEOPLE. THE NETWORK ALSO HELD A SUCCESSFUL ANNUAL AWARDS GALA ATTENDED BY SOME 500 SUPPORTERS CELEBRATING OUR COMMUNITY'S RESILIENCE AND TWO TENANTS OF THE YEAR.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Rosen Chair | OfficerTrustee | 1 | $0 |
Fred Shack Vice-Chair | OfficerTrustee | 1 | $0 |
Ralph Fasano Treasurer | OfficerTrustee | 1 | $0 |
David Walsh Secretary | OfficerTrustee | 1 | $0 |
Kevin Hoffman Board Member | Trustee | 1 | $0 |
Cal Hedigan Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $625,249 |
| Fundraising events | $801,225 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,120,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,547,060 |
| Total Program Service Revenue | $0 |
| Investment income | $91,462 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$19,140 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,628,514 |
| 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. | $672,111 |
| Compensation of current officers, directors, key employees. | $178,341 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $740,206 |
| Pension plan accruals and contributions | $34,538 |
| Other employee benefits | $156,579 |
| Payroll taxes | $95,904 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,348 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $30,706 |
| Fees for services: Investment Management | $18,915 |
| Fees for services: Other | $320,810 |
| Advertising and promotion | $0 |
| Office expenses | $104,750 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $191,422 |
| Travel | $73,429 |
| 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 | $4,171 |
| Insurance | $15,671 |
| All other expenses | $0 |
| Total functional expenses | $2,596,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $638,271 |
| Savings and temporary cash investments | $1,346,650 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,392,073 |
| 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 | $16,316 |
| Net Land, buildings, and equipment | $9,862 |
| Investments—publicly traded securities | $2,740,682 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $818,825 |
| Total assets | $6,962,679 |
| Accounts payable and accrued expenses | $98,981 |
| 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 | $808,856 |
| Total liabilities | $907,837 |
| Net assets without donor restrictions | $4,188,094 |
| Net assets with donor restrictions | $1,866,748 |
| 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 | $6,962,679 |