Home-Life Services Inc
- Assets
- $16.6m
- Revenue
- $72.7m
- Investments
- $0.0
- Employees
- 529
- Location
- Brooklyn, NY
- Founding
- 02/1999
- Data as of
- 06/2022
- EIN
- 13-3899699
Organization Overview
Home-Life Services Inc is located in Brooklyn, NY. The organization was established in 1999. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Home-Life Services Inc employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Home-Life Services 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 06/2022, Home-Life Services Inc generated $72.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $70.0m during the year ending 06/2022. While expenses have increased by 21.6% 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 PROVIDE HOUSING AND SUPPORT SERVICES FOR HOMELESS FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING AND SUPPORT SERVICES FOR HOMELESS FAMILIES IN TEN SHELTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Alter Executive Director | Officer | 40 | $326,551 |
Gerald Schreck Executive Director | Officer | 40 | $326,551 |
Debbie Ianazzi CFO | Officer | 40 | $234,874 |
Harold Goldman Chairman | Trustee | 1 | $0 |
Charles Friedlander Vice President | Trustee | 1 | $0 |
Milton Pfeifer Treasurer | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whitson Food Services Food Service | 12/30/17 | $1,076,222 |
The G Service Group Maintenance | 12/30/17 | $624,789 |
Health Care Choices Medical Service | 12/30/17 | $393,787 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,633,153 |
| 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 | $2,633,153 |
| Total Program Service Revenue | $70,027,352 |
| Investment income | $19,641 |
| 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 | $72,680,146 |
| 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. | $1,759,721 |
| Compensation of current officers, directors, key employees. | $1,759,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,210,493 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,398,508 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $182,795 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,319,899 |
| Travel | $135,700 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $127,498 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $764,114 |
| Insurance | $1,107,536 |
| All other expenses | $821,675 |
| Total functional expenses | $69,952,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,776,721 |
| Savings and temporary cash investments | $113,816 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,279,410 |
| 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 | $814,857 |
| Net Land, buildings, and equipment | $3,482,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $84,960 |
| Total assets | $16,552,221 |
| Accounts payable and accrued expenses | $11,310,507 |
| Grants payable | $0 |
| Deferred revenue | $3,085,107 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $199,046 |
| Secured mortgages and notes payable | $316,176 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $647,201 |
| Total liabilities | $15,558,037 |
| Net assets without donor restrictions | $994,184 |
| 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 | $16,552,221 |