Bishop Sheen Ecumenical Housing Foundation Inc
- Assets
- $14.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Rochester, NY
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 16-6101149
Organization Overview
Bishop Sheen Ecumenical Housing Foundation Inc is located in Rochester, NY. The organization was established in 1946. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Bishop Sheen Ecumenical Housing Foundation Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bishop Sheen Ecumenical Housing Foundation 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, Bishop Sheen Ecumenical Housing Foundation Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 15.7% 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 FACILITATE SAFE, DECENT AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BISHOP SHEEN ECUMENICAL HOUSING FOUNDATION, INC. IS A NOT-FOR-PROFIT CORPORATION THAT GOES BEYOND WHAT MOST HOUSING RELATED ORGANIZATIONS OFFER TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS, FAMILIES, SENIORS, VETERANS, AND PERSONS LIVING WITH DISABILITIES. WE SEEK TO PROMOTE THE SELF-WORTH AND DIGNITY OF THE PERSONS WE SERVE AND THE COMMUNITY AT LARGE BY OFFERING FINANCIAL ASSISTANCE AND A WIDE RANGE OF HOUSING SERVICES. OUR CLIENTS HAVE AN AVERAGE INCOME OF $21,140 AND OFTEN MUST CHOOSE BETWEEN FOOD, HEALTH CARE AND OTHER BASIC NECESSITIES, LEAVING THEM WITH FEW RESOURCES FOR CRITICAL HEALTH AND SAFETY HOME REPAIRS.(CONTINUED ON SCHEDULE O)THIS YEAR ALONE, WE TOUCHED THE LIVES OF OVER 1,375 VULNERABLE, LOW INCOME HOUSEHOLDS WITH AN INVESTMENT OF OVER $30,400,000 BY PROVIDING HEALTH AND SAFETY HOME REPAIRS, HOME MODIFICATIONS, COMPREHENSIVE HOUSING COUNSELING AND SUSTAINABLE, AFFORDABLE HOUSING. OUR PROGRAMS CONTRIBUTE TO THE QUALITY OF LIFE AND POSITIVE HEALTH OUTCOMES FOR BOTH CLIENTS AND OUR COMMUNITY.THIS PROGRAM IS SUPPORTED BY GOVERNMENT GRANTS AND CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Allynn Smith Executive Director | Officer | 40 | $87,636 |
Kevin Locicero President | OfficerTrustee | 0.5 | $0 |
Michael Aiello Vice President | OfficerTrustee | 0.5 | $0 |
John M Berry Secretary | OfficerTrustee | 0.5 | $0 |
Charles Chapin Treasurer | OfficerTrustee | 0.5 | $0 |
Joan M Belgiorno Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eco-tech Construction Construction Services | 6/29/22 | $169,450 |
Lavalley Brothers Marine Construction Construction Services | 6/29/22 | $186,289 |
Novatt Llc Construction Services | 6/29/22 | $116,584 |
Martin's Custom Tidesides Construction Services | 6/29/22 | $483,500 |
K&g Waterfront Construction Construction Services | 6/29/22 | $267,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,086 |
| Membership dues | $0 |
| Fundraising events | $22,559 |
| Related organizations | $0 |
| Government grants | $4,598,963 |
| All other contributions, gifts, grants, and similar amounts not included above | $596,557 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,253,165 |
| Total Program Service Revenue | $0 |
| Investment income | $63,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,581,680 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,000,450 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,364 |
| Compensation of current officers, directors, key employees. | $100,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,159 |
| Pension plan accruals and contributions | $15,748 |
| Other employee benefits | $39,635 |
| Payroll taxes | $23,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,124 |
| 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 | $33,431 |
| Advertising and promotion | $0 |
| Office expenses | $42,803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,399 |
| Travel | $2,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,309 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,194 |
| All other expenses | $28,489 |
| Total functional expenses | $4,727,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,495,709 |
| Savings and temporary cash investments | $1,581,974 |
| Pledges and grants receivable | $491,936 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,255,705 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,627,652 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,725 |
| Total assets | $14,472,701 |
| Accounts payable and accrued expenses | $192,653 |
| 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 | $5,040,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,316,947 |
| Total liabilities | $7,550,306 |
| Net assets without donor restrictions | $6,409,159 |
| Net assets with donor restrictions | $513,236 |
| 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 | $14,472,701 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Bishop Sheen Ecumenical Housing Foundation Inc has recieved totaling $584,624.
| Awarding Organization | Amount |
|---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: BUILDING HOPE TOGETHER | $400,000 |
Esl Charitable Foundation Inc Rochester, NY PURPOSE: TOGETHER WE MAKE THE DIFFERENCE | $100,000 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: AGENCY ALLOCATION & GRANT | $30,000 |
Esl Charitable Foundation Inc Rochester, NY PURPOSE: OPERATIONS IT UPGRADE 2021 | $20,686 |
Rochester Area Community Foundation Rochester, NY PURPOSE: BUILDING HOPE TOGETHER EMERGENCY RELIEF FUNDING | $20,476 |
Alta Good Deeds Foundation Washington, DC PURPOSE: GENERAL PROGRAM GRANT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Home Builders League Of South Jersey Cherry Hill, NJ | $1,104,259 | $579,396 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Crawford County Coalition On Housing Needs Inc Meadville, PA | $654,926 | $244,715 |
Charles River Episcopal Co-Housing Endeavor Inc Boston, MA | $1,102,934 | $306,667 |