Commission On Economic Opportunity For The Rensselaer County Area Inc
- Assets
- $20.6m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 244
- Location
- Troy, NY
- Founding
- 12/1965
- Data as of
- 03/2023
- EIN
- 14-1490509
Organization Overview
Commission On Economic Opportunity For The Rensselaer County Area Inc is located in Troy, NY. The organization was established in 1965. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 03/2023, Commission On Economic Opportunity For The Rensselaer County Area Inc employed 244 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commission On Economic Opportunity For The Rensselaer County Area 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 03/2023, Commission On Economic Opportunity For The Rensselaer County Area Inc generated $17.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $14.8m during the year ending 03/2023. While expenses have increased by 0.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE COMMISSION ON OPPORTUNITY FOR THE GREATER CAPITAL REGION (CEO) IS AN UMBRELLA AGENCY THAT PROVIDES THE OVERALL LEADERSHIP, POLICY GUIDANCE, AND SUPPORT NECESSARY TO SUCCESSFULLY DELIVER A WIDE RANGE OF SERVICES. THE PROGRAMS AT CEO ARE DESIGNED TO EMPOWER INDIVIDUALS AND FAMILIES TO BUILD SELF-SUFFICIENCY IN ALL LIFE AREAS AND RISE OUT OF POVERTY. CEO WORKS IN PARTNERSHIP WITH THE INDIVIDUALS, FAMILIES, AND THE LARGER COMMUNITY TO IMPROVE THE QUALITY OF LIFE FOR ALL COMMUNITY MEMBERS BY ADDRESSING THEIR SOCIAL, EMOTIONAL, ECONOMIC AND EDUCATIONAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EARLY CHILDHOOD PROGRAMS - CEO'S HEAD START AND EARLY HEAD START PROGRAMS PROVIDE SERVICES TO INCOME ELIGIBLE FAMILIES IN RENSSELAER COUNTY. APPROXIMATELY 600 CHILDREN WERE SERVED DURING FISCAL 2023.
SENIOR PROGRAMS - CEO'S FOSTER GRANDPARENT PROGRAM OFFERS THOSE OVER 60 YEARS OF AGE THE OPPORTUNITY TO SHARE THEIR WEALTH OF EXPERIENCE WITH CHILDREN WHO HAVE SPECIAL NEEDS IN THE COMMUNITY. SENIOR AIDES PROVIDE JOB TRAINING FOR INCOME ELIGIBLE RESIDENTS OF RENSSELAER COUNTY WHO ARE OVER 55 YEARS OF AGE.COST POOLS AND FAMILY DEVELOPMENT
NUTRITION PROGRAMS - CEO'S FOOD PANTRY IS OPEN TO PERSONS NEEDING EMERGENCY FOOD. WIC (SUPPLEMENTAL FOOD PROGRAM FOR WOMEN, INFANTS AND CHILDREN) PROVIDES HEALTHY FOOD, INFANT FORMULA, AND NUTRITION EDUCATION TO INCOME ELIGIBLE WOMEN WHO ARE PREGNANT, BREAST-FEEDING, OR HAVE GIVEN BIRTH IN THE LAST SIX MONTHS. APPROXIMATELY 2,000 FAMILIES WERE SERVED DURING FISCAL 2023.
HOUSING PROGRAMS - WEATHERIZATION SERVICES ARE PROVIDED FREE OF CHARGE TO INCOME ELIGIBLE HOUSEHOLDS. CEO'S HOME PROGRAM IS DESIGNED TO ASSIST ELIGIBLE HOMEOWNERS IN THE CITY OF TROY WITH REPAIRS AND HOME IMPROVEMENTS. APPROXIMATELY 450 HOUSEHOLDS WERE SERVED DURING FISCAL 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Casale Member | Trustee | 1 | $0 |
Brian Williams Vice Chairperson | OfficerTrustee | 1 | $0 |
Patricia O'connor PHD Chairperson | OfficerTrustee | 1 | $0 |
Sandra Cimorelli Member | Trustee | 1 | $0 |
Megan Ross Member | Trustee | 1 | $0 |
Peter Grimm Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gianni Construction Services Llc Construction | 3/30/23 | $946,749 |
Syvertsen Rigosu Architects Pllc Construction | 3/30/23 | $427,830 |
Ajs Masonry Inc Stone Work | 3/30/23 | $383,059 |
Hma Contracting Corp Construction | 3/30/23 | $554,793 |
Reo Welding Co Welding | 3/30/23 | $614,175 |
Financial Statements
| 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 | $311,907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $311,907 |
| Total Program Service Revenue | $16,625,116 |
| Investment income | $797 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100,459 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $34,156 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,072,435 |
| 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. | $517,588 |
| Compensation of current officers, directors, key employees. | $517,588 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,030,630 |
| Pension plan accruals and contributions | $364,018 |
| Other employee benefits | $828,537 |
| Payroll taxes | $968,389 |
| 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 | $181,259 |
| Advertising and promotion | $36,590 |
| Office expenses | $558,632 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $622,582 |
| Travel | $54,390 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,668 |
| Insurance | $174,060 |
| All other expenses | $410,895 |
| Total functional expenses | $14,834,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,279,133 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $965,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,524 |
| Prepaid expenses and deferred charges | $129,792 |
| Net Land, buildings, and equipment | $13,038,470 |
| Investments—publicly traded securities | $4,134,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,169 |
| Total assets | $20,561,589 |
| Accounts payable and accrued expenses | $1,512,705 |
| 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 | $540,135 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,052,840 |
| Net assets without donor restrictions | $18,295,570 |
| Net assets with donor restrictions | $213,179 |
| 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 | $20,561,589 |