Interfaith Partnership For The Homeless
- Assets
- $15.7m
- Revenue
- $6.7m
- Investments
- $0.0
- Employees
- 154
- Location
- Albany, NY
- Founding
- 06/1985
- Data as of
- 12/2023
- EIN
- 14-1666321
Organization Overview
Interfaith Partnership For The Homeless is located in Albany, NY. The organization was established in 1985. 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 12/2023, Interfaith Partnership For The Homeless employed 154 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Partnership For The Homeless 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, Interfaith Partnership For The Homeless generated $6.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 13.6% per year over the past 9 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
ADDRESS THE NEEDS OF THE HOMELESS AND LOW-INCOME COMMUNITY BY PROVIDING A CONTINUUM OF SERVICES TO ENCOURAGE SELF-SUFFICIENCY, EMPOWERMENT, AND STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES CONSIST OF A NIGHT SHELTER PROGRAM, A SOCIAL SERVICE DAY PROGRAM AND A MEDICAL RESPITE PROGRAM. VOLUNTEERS ALSO ADVOCATE IN THE COMMUNITY FOR HOMELESS CLIENTS SEEKING FOOD, CLOTHING, EMPLOYMENT & OTHER NECESSITIES. THE NIGHT SHELTER PROGRAM PROVIDES SLEEPING FACILITIES & HOT MEALS. THE DAY PROGRAM AFFORDS CLIENT JOB DEVELOPMENT TRAINING & PLACEMENT, CASEWORK & REFERRAL SERVICES. THE MEDICAL RESPITE PROGRAM ASSISTS AN UNDERSERVED, TARGETED POPULATION THAT CURRENTLY LACKS ACCESS TO POST-HOSPITAL CARE, AND WHO FREQUENTLY USE THE EMERGENCY DEPARTMENT FOR NON-EMERGENCY HEALTH CONCERNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amanda Goyer Director | Trustee | 2 | $0 |
Carrie Hoffman President | OfficerTrustee | 2 | $0 |
Albert Turo Vice President | OfficerTrustee | 2 | $0 |
John Puig Treasurer | OfficerTrustee | 2 | $0 |
Sarah Hodges Secretary | OfficerTrustee | 2 | $0 |
Eric R Hardiman PHD Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,968,162 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,962,439 |
| Noncash contributions included in lines 1a–1f | $407,174 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,930,601 |
| Total Program Service Revenue | $204,856 |
| Investment income | $134,945 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $319,589 |
| Net Gain/Loss on Asset Sales | $12,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,732,576 |
| 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. | $614,964 |
| Compensation of current officers, directors, key employees. | $131,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,726,695 |
| Pension plan accruals and contributions | $766,490 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $449,153 |
| Advertising and promotion | $0 |
| Office expenses | $36,012 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $550,506 |
| Travel | $12,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,047 |
| Insurance | $139,941 |
| All other expenses | $83,930 |
| Total functional expenses | $6,322,624 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $971,654 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,414,252 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,701,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,927 |
| Net Land, buildings, and equipment | $4,582,594 |
| Investments—publicly traded securities | $1,221,898 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $755,177 |
| Total assets | $15,685,502 |
| Accounts payable and accrued expenses | $587,043 |
| Grants payable | $0 |
| Deferred revenue | $456,954 |
| 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 | $2,923,658 |
| Total liabilities | $3,967,655 |
| Net assets without donor restrictions | $11,717,847 |
| 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 | $15,685,502 |