The information for Home-Life Services Inc is as of the organization's most recent filing in June 2020. This organization is located in Brooklyn, NY. It has been in existence for 21 years, following its founding in 1999.
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Home-Life Services Inc's NTEE code is L41. The "L" tells us that the organization is classified along with Housing & Shelter. The "41" tells us that the organization is a Homeless Shelter. The NTEE describes Homeless Shelters as organizations that provide a temporary place to stay for people who have no permanent housing.
Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.
Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Home-Life Services Inc is to provide housing and support services for homeless families.
Program Area 1: The organization provides housing and support services for homeless families in nine shelters as part of their mission.
Program Area 2: This program area provides housing and support services for homeless families in nine shelters.
Home-Life Services Inc is run by Gerald Schreck, who is the Executive Director. The organization has 445 employees, of whom only 4 are paid more than $100k per year (according to the organization's most recent 990 tax filing). There are no volunteers supporting the paid staff.
Home-Life Services Inc is a well-governed non-profit organization. The board of directors is comprised of five voting members and five independent members, ensuring a diverse and balanced perspective. Potential conflicts of interest are avoided by the organization's conflict of interest policy and its requirement for disclosure of any conflicts. Board and committee meetings are documented, and the organization has a written whistleblower policy, document retention policy, and substantiates and reviews both leadership and officer salaries. Finally, Home-Life Services Inc provides copies of the 990 to the board prior to filing, ensuring that all members are aware of the organization's financials. All of these factors combine to make Home-Life Services Inc a well-governed non-profit organization.
Home-Life Services Inc appears to have grown over the 2015-2019 time period. This is evidenced by increases in program service revenue, investment income, total revenue, employee salaries, total expenses, and total employees.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Riquelma Moreno Reg. Vice Pres. | Officer | 40 | $478,324 |
Gerald Schreck Executive Director | Officer | 40 | $364,611 |
Susan Alter Executive Director | Officer | 40 | $364,611 |
Debbie Ianazzi CFO | Officer | 40 | $278,211 |
Harold Goldman Chairman | Trustee | 1 | $0 |
Charles Friedlander Vice President | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Whitson Food Services Food Service | 12/30/17 | $1,076,222 |
Health Care Choices Medical Service | 12/30/17 | $393,787 |
The G Service Group Maintenance | 12/30/17 | $624,789 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $49,265,071 |
Investment income | $48,081 |
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 | $49,313,152 |
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. | $1,264,891 |
Compensation of current officers, directors, key employees. | $1,264,891 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $16,886,520 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $4,072,483 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $102,363 |
Fees for services: Accounting | $150,409 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $88,155 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $21,643,659 |
Travel | $169,112 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $137,677 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $544,026 |
Insurance | $759,415 |
All other expenses | $0 |
Total functional expenses | $52,195,431 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,862,787 |
Savings and temporary cash investments | $94,175 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $6,714,978 |
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 | $63,203 |
Net Land, buildings, and equipment | $2,556,303 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $67,514 |
Total assets | $11,358,960 |
Accounts payable and accrued expenses | $5,248,777 |
Grants payable | $0 |
Deferred revenue | $3,741,067 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $547,982 |
Secured mortgages and notes payable | $336,705 |
Unsecured mortgages and notes payable | $2,633,153 |
Other liabilities | $678,245 |
Total liabilities | $13,185,929 |
Net assets without donor restrictions | -$1,826,969 |
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 | $11,358,960 |
Organization Name | Assets | Revenue |
---|---|---|
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
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