Cares Of Ny Inc
- Assets
- $7.7m
- Revenue
- $15.6m
- Investments
- $0.0
- Employees
- 49
- Location
- Albany, NY
- Founding
- 06/1993
- Data as of
- 04/2022
- EIN
- 14-1731746
Organization Overview
Cares Of Ny Inc is located in Albany, NY. The organization was established in 1993. According to its NTEE Classification (H81) the organization is classified as: AIDS Research, under the broad grouping of Medical Research and related organizations. As of 04/2022, Cares Of NY Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cares Of NY 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 04/2022, Cares Of NY Inc generated $15.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 36.4% each year . All expenses for the organization totaled $12.9m during the year ending 04/2022. While expenses have increased by 32.3% 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.
Since 2015, Cares Of NY Inc has awarded 113 individual grants totaling $30,588,278. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE LAST YEAR CARES PROVIDED HIV AND HOUSING RELATED TECHNICAL ASSISTANCE AND CONSULTING TO GOVERNMENTAL AND NOT-FOR-PROFIT AGENCIES THAT SERVED PERSONS LIVING WITH HIV/AIDS.
AIDS HOUSING PROPERTY MANAGEMENT MAINTAINS OVER 24 APARTMENT UNITS THAT ARE SERVING INDIVIDUALS AND FAMILIES WHO ARE HOMELESS AND WHO ARE LIVING WITH HIV/AIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Harrington Executive Director | Officer | 40 | $136,812 |
Audra Higgins Chair | OfficerTrustee | 2 | $0 |
Scott Joralemon Secretary | OfficerTrustee | 2 | $0 |
Steve Goetz Treasurer | OfficerTrustee | 2 | $0 |
Mario Cometti Director | Trustee | 2 | $0 |
Ruth Kassel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,442,311 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,495 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,692,806 |
| Total Program Service Revenue | $904,443 |
| Investment income | $1,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $26,939 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,625,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,288,836 |
| Grants and other assistance to domestic individuals. | $71,316 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,455,083 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $542,527 |
| 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 | $58,555 |
| Advertising and promotion | $0 |
| Office expenses | $13,761 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,300 |
| Travel | $9,835 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,390 |
| Interest | $853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,302 |
| Insurance | $22,557 |
| All other expenses | $20,891 |
| Total functional expenses | $12,943,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,190,227 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,253,775 |
| 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 | $22,276 |
| Net Land, buildings, and equipment | $4,973,370 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,634 |
| Total assets | $7,731,282 |
| Accounts payable and accrued expenses | $1,233,965 |
| Grants payable | $0 |
| Deferred revenue | $356,466 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $17,006 |
| 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 | $11,151 |
| Total liabilities | $1,618,588 |
| Net assets without donor restrictions | $6,108,355 |
| Net assets with donor restrictions | $4,339 |
| 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 | $7,731,282 |
Grants Awarded
Over the last fiscal year, Cares Of Ny Inc has awarded $6,931,462 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
Albany, NY PURPOSE: FLOW THROUGH FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER THE UNIFIED FUNDING AGENCY (UFA) PROGRAM. | $676,846 |
Albany, NY PURPOSE: FLOW THROUGH FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER THE HOUSING OPPORTUNITIES FOR PEOPLE WITH AIDS (HOPWA) PROGRAM. | $598,609 |
ROCKLAND COUNTY DEPARTMENT OF SOCIAL SERVICES PURPOSE: FLOW THROUGH FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER THE UNIFIED FUNDING AGENCY (UFA) PROGRAMS. | $572,204 |
Albany, NY PURPOSE: FLOW THROUGH FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER THE UNIFIED FUNDING AGENCY (UFA) PROGRAM. | $531,026 |
Albany, NY PURPOSE: TREGAN - 10/26/21 07:52AM INTERVIEW FORM 990I-2 | $478,451 |
Albany, NY PURPOSE: FLOW THROUGH FUNDING FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER THE UNIFIED FUNDING AGENCY (UFA) PROGRAM. | $441,258 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cares Of Ny Inc has recieved totaling $26,011.
| Awarding Organization | Amount |
|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY PURPOSE: THE REGIONAL JUSTICE ADVISORY COMMITTEE AND FOR HOMELESS AWARENESS MONTH | $26,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Endowment Analysis
| Beg. Balance | $4,339 |
| Ending Balance | $4,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Foundation For Aids Research New York, NY | $55,843,595 | $23,531,459 |
Cares Of Ny Inc Albany, NY | $7,731,282 | $15,625,505 |
Croi Foundation Pittsburgh, PA | $4,544,772 | $2,423,542 |
Gbc Health Inc New York, NY | $594,680 | $833,602 |
Aaron Diamond Aids Research Center For The City Of Ny New York, NY | $3,718,821 | $111,374 |
China Aids Fund Inc New York, NY | $692,040 | $61,153 |
Foundation For Control Of Hiv Drug Resistance Pittsburgh, PA | $470,349 | $0 |
Fighting Aids Continously Together Allentown, PA | $193,006 | $0 |
Abzyme Research Foundation New York, NY | $341,865 | $0 |