Housing And Services Inc
- Assets
- $19.6m
- Revenue
- $9.4m
- Investments
- $0.0
- Employees
- 78
- Location
- New York, NY
- Founding
- 09/1976
- Data as of
- 12/2023
- EIN
- 51-0201833
Organization Overview
Housing And Services Inc is located in New York, NY. The organization was established in 1976. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Housing And Services Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing And Services 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 12/2023, Housing And Services Inc generated $9.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $10.5m during the year ending 12/2023. While expenses have increased by 12.6% 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
THE ORGANIZATION OPERATES AND DEVELOPS PERMANENT SUPPORTIVE AND AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KENMORE HALL: KENMORE HALL IS A 326 EFFICIENCY UNIT LOW INCOME HOUSING PROJECT IN NEW YORK, PRIMARILY FOR FORMERLY HOMELESS, SINGLE ADULTS. THE HALL'S ACTIVITIES CONSIST OF: (1) SOCIAL SERVICES FUNDED BY CONTRACTS WITH DHS AND HASA AND A GRANT FROM HUD AND (2) LOW INCOME HOUSING, SPECIFICALLY FOR RESIDENTIAL TENANTS WHOSE GOVERNMENT RENT SUBSIDIES ARE OBTAINED FROM HUD'S SECTION 8 PROGRAM ADMINISTERED BY HPD. HSI OWNS A 99.9% LIMITED PARTNERSHIP INTEREST IN KENMORE ASSOCIATES LP WHICH OPERATES THE HALL. THE GENERAL PARTNER AND OTHER OWNER OF KENMORE ASSOCIATES LP IS KENMORE HOUSING CORPORATION, A WHOLLY OWNED SUBSIDIARY OF KENMORE HOUSING DEVELOPMENT FUND CORP WHICH IS AN EXEMPT ORGANIZATION RELATED TO HSI.
HOUSING DEVELOPMENT CONSULTING SERVICES: HISTORICALLY, HSI HAS PROVIDED CONSULTING SERVICES TO PEER NEW YORK CITY NOT-FOR-PROFIT ORGANIZATIONS SEEKING TO SPONSOR AND DEVELOP HOUSING FOR SPECIAL NEEDS POPULATIONS, INCLUDING LOW INCOME PERSONS, THE ELDERLY, THE HANDICAPPED, FORMERLY HOMELESS INDIVIDUALS AND FAMILIES LIVING WITH AIDS, VICTIMS OF DOMESTIC VIOLENCE AND EX OFFENDERS.
SOCIAL SERVICE CONTRACTS: HSI HAS A CONTRACT WITH THE HIV/AIDS SERVICES ADMINISTRATION OF THE HUMAN RESOURCES ADMINISTRATION, A DEPARTMENT OF THE CITY OF NEW YORK, TO PROVIDE SCATTER-SITE HOUSING SERVICES FOR UP TO 100 CLIENTS, CONSISTING OF 75 SINGLE ADULTS AND 25 FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS AND LIVING WITH HIV/AIDS, SITUATED IN UPPER MANHATTAN AND THE BRONX, NEW YORK.
PROPERTY MANAGEMENT SERVICES: HSI PROVIDES PROPERTY MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE LOW INCOME PERMANENT SUPPORTIVE HOUSING PROJECTS KNOWN AS THE CECIL, KENMORE HALL, THE NARRAGANSETT, AND THE BEDFORD. THESE PROJECTS ARE OPERATED BY ORGANIZATIONS CONTROLLED BY HSI.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary R Hardin Chair | OfficerTrustee | 1 | $0 |
Sheri Best Trustee | Trustee | 1 | $0 |
Cliff Broder Trustee | Trustee | 1 | $0 |
Dawn M Carrillo Trustee | Trustee | 1 | $0 |
Christine Chipurnoi Trustee | Trustee | 1 | $0 |
Martin Meltzer Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,315,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,374,971 |
| Total Program Service Revenue | $6,034,436 |
| Investment income | $3,432 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,413,839 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,936,343 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $869,629 |
| Compensation of current officers, directors, key employees. | $426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $600,875 |
| Pension plan accruals and contributions | $30,449 |
| Other employee benefits | $107,712 |
| Payroll taxes | $91,971 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,669 |
| Fees for services: Accounting | $52,936 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,567 |
| Advertising and promotion | $1,279 |
| Office expenses | $98,809 |
| Information technology | $86,152 |
| Royalties | $0 |
| Occupancy | $182,032 |
| Travel | $12,016 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,030 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,239 |
| Insurance | $60,970 |
| All other expenses | $72,223 |
| Total functional expenses | $10,471,439 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,245,386 |
| Savings and temporary cash investments | $83,983 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,406,174 |
| 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 | $20,935 |
| Net Land, buildings, and equipment | $5,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,826,075 |
| Total assets | $19,587,683 |
| Accounts payable and accrued expenses | $225,733 |
| 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 | $24,174,241 |
| Total liabilities | $24,399,974 |
| Net assets without donor restrictions | -$4,853,810 |
| Net assets with donor restrictions | $41,519 |
| 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 | $19,587,683 |