Jack Falvo Iii Foundation Ofschenectady Inc
- Assets
- $832.0k
- Revenue
- $104.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Gansevoort, NY
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-4918456
Organization Overview
Jack Falvo Iii Foundation Ofschenectady Inc, operating under the name Jack's Place, is located in Gansevoort, NY. The organization was established in 2007. According to its NTEE Classification (E86) the organization is classified as: Patient & Family Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Jack's Place employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack's Place 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 12/2021, Jack's Place generated $104.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $70.8k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. OWNS AND OPERATES A HOSPITALITY HOUSE KNOWN AS JACK'S PLACE. JACK'S PLACE IS A FACILITY THAT PROVIDES TEMPORARY HOUSING TO FAMILIES OF REHABILITATING CHILDREN WHO MUST LEAVE THEIR OWN COMMUNITY TO SEEK MEDICAL CARE FOR THEIR CHILDREN. THE HOUSE SERVES THE FAMILIES OF CHILDREN RECEIVING TREATMENT AT SUNNYVIEW REHABILITATION HOSPITAL, ELLIS HOSPITAL AND OTHER MEDICAL FACILITIES IN THE SCHENECTADY, NEW YORK AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. CLOSED ON A PROPERTY LOCATED AT 17 ROSA ROAD IN SCHENECTADY, NEW YORK IN JUNE OF 2013. PLANS WERE COMPLETED TO RENOVATE THE FACILITY AND TO ADD AN ADDITION. BUILDING CONSTRUCTION WAS COMPLETED IN JANUARY 2017. THE FOUNDATION BEGAN ACCOMODATING FAMILIES OF OUT OF TOWN PATIENTS IN MARCH 2017. DURING 2020 JACK'S PLACE ACCOMODATED FAMILIES OF 26 PATIENTS AND 45 INDIVIDUALS. INDIVIDUALS STAYED FROM 7 STATES AND 1 COUNTRY. THE AVERAGE STAY AT THE FACILITY IS 15 NIGHTS WITH AN AVERAGE OCCUPANCY OF 4 OUT OF THE 8 AVAILABLE ROOMS. DURING 2021, JACK'S PLACE ACCOMODATED FAMILIES OF 54 PATIENTS AND 103 INDIVIDUALS. INDIVIDUALS STAYED FROM 10 STATES AND 1 COUNTRY. THE AVERAGE STAY AT THE FACILITY IS 16 NIGHTS WITH AN AVERAGE OCCUPANCY OF 4 OUT OF THE 8 AVAIVABLE ROOMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Falvo Treasurer | OfficerTrustee | 15 | $0 |
Janice Abbale Secretary | OfficerTrustee | 5 | $0 |
Julia Falvo Secretary | OfficerTrustee | 5 | $0 |
Kathleen Falvo Vice Preside | OfficerTrustee | 6 | $0 |
Jack Falvo Jr President | OfficerTrustee | 30 | $0 |
Robert Gach Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,540 |
| Related organizations | $0 |
| Government grants | $5,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $89,450 |
| Total Program Service Revenue | $0 |
| Investment income | $185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $14,371 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $104,006 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,903 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,280 |
| 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 | $1,957 |
| Advertising and promotion | $0 |
| Office expenses | $2,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,263 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,034 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $70,763 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,777 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $356,204 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,981 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $831,981 |
| Total liabilities and net assets/fund balances | $831,981 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jack Falvo Iii Foundation Ofschenectady Inc has recieved totaling $216.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $116 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parents Information Group For Exceptional Children Inc Syracuse, NY | $9,814,349 | $10,936,135 |
Make-A-Wish Foundation Of Metro New York And Western New York New York, NY | $22,644,379 | $8,717,890 |
The Hospital Cottages For Children Southborough, MA | $6,634,641 | $8,685,651 |
Ronald Mcdonald House Charities Of The Philadelphia Region Philadelphia, PA | $48,421,260 | $10,371,163 |
Make-A-Wish Foundation Of Greater Pennsylvania And West Virginia Inc Pittsburgh, PA | $11,942,873 | $9,531,813 |
Make-A-Wish Foundation Of Massachusetts And Rhode Island Inc Boston, MA | $19,449,971 | $5,852,582 |
Make A Wish Foundation Of New Jersey Monroe Township, NJ | $22,604,837 | $7,704,119 |
Ronald Mcdonald House Charities New York Metro Inc New Hyde Park, NY | $27,231,643 | $8,955,220 |
Growth Opportunity Center Inc Southampton, PA | $956,433 | $4,331,069 |
Family House Inc Pittsburgh, PA | $46,884,709 | $18,369,826 |
Healthcare Chaplaincy Inc New York, NY | $8,394,087 | $3,509,010 |
Make-A-Wish Foundation Of Ct Inc Trumbull, CT | $14,751,586 | $5,558,740 |