Bronx Family Network Inc
- Assets
- $25.9m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 118
- Location
- Yonkers, NY
- Founding
- 07/2019
- Data as of
- 12/2022
- EIN
- 82-4893510
Organization Overview
Bronx Family Network Inc is located in Yonkers, NY. The organization was established in 2019. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2022, Bronx Family Network Inc employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bronx Family Network 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 12/2022, Bronx Family Network Inc generated $10.5m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 68.9% each year . All expenses for the organization totaled $10.2m during the year ending 12/2022. While expenses have increased by 72.3% per year over the past 4 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
ORGANIZATION HISTORY BRONX FAMILY NETWORK INC. WAS FOUNDED IN 2018 BY A GROUP OF INDIVIDUALS WITH A SHARED PASSION FOR HELPING THE NEEDY AND UNFORTUNATE. AMONGST THESE INDIVIDUALS ARE PEOPLE WITH YEARS OF EXPERIENCE WORKING WITH BUT NOT LIMITED TO, NYCS DEPARTMENT OF HOMELESS SERVICES HELPING THE HOMELESS; AS WELL AS AN INVOLVEMENT WITH OTHER CHARITABLE ACTIVITIES. OUR STAFF HAS DEEP RELATIONSHIPS WITH DIVERSE COMMUNITIES AND IS COMMITTED TO PROVIDING SUPPORT AND RELIEF TO THOSE WHO NEED IT MOST. MISSION AND VISION OUR SERVICES PROVIDE AN ALTERNATIVE FOR HOMELESS FAMILIES IN NEED OF TEMPORARY TRANSITIVE HOUSING. BRONX FAMILY NETWORK INC. ALLOWS FOR INDIVIDUALS AND FAMILIES TO MAINTAIN THEIR DIGNITY WHILE AFFORDING THEM THE OPPORTUNITY TO REGAIN THEIR INDEPENDENCE IN A SAFE AND HEALTHY ENVIRONMENT. OUR SERVICES INCLUDE FULL SHOWERS AND KITCHENS, ACCESS TO CLOTHING, CASE MANAGEMENT AND APPROPRIATE REFERRALS TO SUBSTANCE ABUSE TREATMENT AND REHABILITATION CENTERS, MEDICAL AND HEALTH SERVI
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SHELTER FOR HOMELESS FAMILIES IN NEED OF TEMPORARY TRANSITIVE HOUSING INCLUDING FULL SHOWERS AND KITCHENS. AS WELL AS ACCESS TO CLOTHING, CASE MANAGEMENT AND APPROPRIATE REFERRALS TO SUBSTANCE ABUSE TREATMENT AND REHABILITATION CENTERS, MEDICAL AND HEALTH SERVICES ALONG WITH CONNECTIONS TO OTHER SERVICES AND THE SUPPORT NEEDED TO TRANSITION TO PERMANENT STABLE HOUSING.
OTHER CHARITABLE ACTIVITIES TO HELP THE NEEDY, UNDERPRIVILEGED AND UNFORTUNATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Zulay A Mateo Chief Exec O | OfficerTrustee | 40 | $156,000 |
David M Schloss Chief Admin | OfficerTrustee | 32 | $125,800 |
Papa Diop Chief Fincl | Officer | 32 | $52,800 |
Miklos Blaustien Director | Trustee | $0 | |
Paula Martin Director | Trustee | $0 | |
Sheila Ortiz Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,451,642 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,451,642 |
| Total Program Service Revenue | $0 |
| Investment income | $153 |
| 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 | $10,453,081 |
| 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 | $2,027,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $194,499 |
| Fees for services: Management | $22,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,159,684 |
| Advertising and promotion | $0 |
| Office expenses | $52,499 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,136,521 |
| Travel | $50,001 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $68,307 |
| Insurance | $127,946 |
| All other expenses | $0 |
| Total functional expenses | $10,184,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,084,354 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,871,658 |
| 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 | $622,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,300,864 |
| Total assets | $25,879,856 |
| Accounts payable and accrued expenses | $5,087,371 |
| 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 | $20,254,267 |
| Total liabilities | $25,341,638 |
| Net assets without donor restrictions | $538,218 |
| 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 | $25,879,856 |