Interfaith Council For Action Inc
- Assets
- $9.4m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 15
- Location
- Ossining, NY
- Founding
- 05/1968
- Data as of
- 12/2022
- EIN
- 13-6265613
Organization Overview
Interfaith Council For Action Inc, operating under the name Ifca Housing Network, is located in Ossining, NY. The organization was established in 1968. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Ifca Housing Network employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ifca Housing Network 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 12/2022, Ifca Housing Network generated $2.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $2.5m during the year ending 12/2022. While expenses have increased by 2.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO FOSTER, PROMOTE, AND SPONSOR BETTER HOUSING, RECREATIONAL, EDUCATIONAL OR SOCIAL CONDITIONS FOR LOW TO MODERATE INCOME EARNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IFCA OWNS AND MANAGES 15 MULTI-FAMILY BUILDINGS IN OSSINING AND TARRYTOWN, NY, COMPRISING OF 92 RENTAL APARTMENTS. APPROXIMATELY 220 LOW AND MODERATE INCOME PEOPLE RESIDE IN THESE APARTMENTS. THE RENTS ARE SET BELOW MARKET RATES, ENSURING THAT INDIVIDUALS AND FAMILIES HAVE ACCESS TO SAFE, QUALITY, AND AFFORDABLE HOUSING IN THE COMMUNITY WHERE THEY LIVE AND WORK.
OTHER PROGRAM SERVICE EXPENSES ARE COMPRISED OF COSTS INCURRED IN RELATION TO PROPERTY MANAGEMENT. OTHER PROGRAM SERVICE REVENUE IS COMPRISED OF THRIFT SHOP INCOME. IFCA'S THRIFT SHOP SELLS NEW AND GENTLY USED ITEMS, INCLUDING CLOTHING, SHOES, BEDDING, DISHES, POTS AND PANS, COSTUME JEWELRY, AND HANDBAGS, AT VERY AFFORDABLE PRICES. PROCEEDS FROM THE THRIFT SHOP FUND IFCA'S COMMUNITY PROGRAMS.
SINCE THE 1980'S IFCA HAS PARTNERED WITH THE WESTCHESTER COUNTY DEPARTMENT OF SOCIAL SERVICES TO PROVIDE SCATTER-SITE EMERGENCY APARTMENTS FOR FAMILIES TRANSITIONING FROM A HOMELESS SHELTER TO TEMPORARY HOUSING. OUR LICENSED ON-STAFF SOCIAL WORKERS PROVIDE CASE MANAGEMENT SERVICES TO ASSIST FAMILIES ON THEIR PATH TO SELF SUFFICIENCY. IN 2022, IFCA ASSISTED INDIVIDUALS AND FAMILIES WHO WOULD OTHERWISE BE HOMELESS OCCUPY 14 TRANSITIONAL APARTMENTS. WESTCHESTER COUNTY PROVIDED A GRANT OF 587,132 FOR THIS PROGRAM.
IFCA IS ONE OF THE OLDEST NEW YORK STATE NEIGHBORHOOD PRESERVATION COMPANIES IN WESTCHESTER COUNTY, PROVIDING A VARIETY OF PROGRAMS AND SERVICES TO TENANTS AND THE COMMUNITY AT LARGE. WE OFFER HOUSING COUNSELING AND REFERRAL SERVICES, FINANCIAL WORKSHOPS, AND BACK TO SCHOOL SUPPLIES. IN 2008 WE OPENED A THRIFT SHOP SELLING CLOTHING AND HOUSEHOLD ITEMS AT VERY LOW COSTS. OUR PROGRAMS REACH AT RISK COMMUNITIES AND FAMILIES. THIS CAN ONLY BE ACCOMPLISHED BY RECEIVING VARIOUS GRANTS THAT FUND THESE ACTIVITIES.
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 |
|---|---|---|---|
Eric Talbott Treasurer | OfficerTrustee | 1 | $0 |
James Finger Director | Trustee | 1 | $0 |
Marlene Cheatham Chair | OfficerTrustee | 5 | $0 |
Mary Ann Roberts Vice-Chair | OfficerTrustee | 2 | $0 |
Maryann Sorese Director | Trustee | 1 | $0 |
Michael Aronson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $229,291 |
| All other contributions, gifts, grants, and similar amounts not included above | $426,302 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $655,593 |
| Total Program Service Revenue | $1,682,145 |
| Investment income | $3,301 |
| 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 | $2,648,852 |
| 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. | $117,934 |
| Compensation of current officers, directors, key employees. | $117,934 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $515,917 |
| Pension plan accruals and contributions | $6,819 |
| Other employee benefits | $67,592 |
| Payroll taxes | $54,846 |
| Fees for services: Management | $100,660 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $654 |
| Fees for services: Other | $59,267 |
| Advertising and promotion | $0 |
| Office expenses | $38,492 |
| Information technology | $17,314 |
| Royalties | $0 |
| Occupancy | $304,474 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $113,102 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,109 |
| Insurance | $55,121 |
| All other expenses | $139,578 |
| Total functional expenses | $2,464,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,188,410 |
| Savings and temporary cash investments | $499,430 |
| Pledges and grants receivable | $67,657 |
| Accounts receivable, net | $305,427 |
| 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 | $8,633 |
| Net Land, buildings, and equipment | $6,613,588 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | -$84,924 |
| Intangible assets | $0 |
| Other assets | $789,698 |
| Total assets | $9,387,919 |
| Accounts payable and accrued expenses | $235,603 |
| 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 | $3,260,865 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $534,472 |
| Total liabilities | $4,030,940 |
| Net assets without donor restrictions | $5,334,479 |
| Net assets with donor restrictions | $22,500 |
| 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 | $9,387,919 |