FAMILY RESIDENCES AND ESSENTIAL EN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

ROBERT S BUDD MPS

Phone

5168701600

Tax Period

2024-01-01 to 2024-12-31

FAMILY RESIDENCES AND ESSENTIAL ENTERPRISES INC, founded in 1977, is a major nonprofit in the Mental Health sector that reported $169.2M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO SUPPORT PEOPLE OF ALL ABILITIES TO REACH THEIR FULL POTENTIAL AND THRIVE IN THEIR COMMUNITIES. FAMILY RESIDENCES & ESSENTIAL ENTERPRISES' (FREE) BROAD SPECTRUM OF SERVICES ENCOURAGES INDIVIDUALS TO SHARE THEIR GIFTS AND TALENTS AS CONTRIBUTING MEMBERS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $101,032,506 Revenue: $111,996,378

FREE'S RESIDENTIAL PROGRAMS, SPONSORED WITH THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD), INDIVIDUALS RECEIVE SKILLS DEVELOPMENT AND HABILITATION SERVICES IN SUCH AREAS AS...

FREE'S RESIDENTIAL PROGRAMS, SPONSORED WITH THE OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD), INDIVIDUALS RECEIVE SKILLS DEVELOPMENT AND HABILITATION SERVICES IN SUCH AREAS AS SOCIALIZATION, RECREATION, PROBLEM SOLVING, PERSONAL DEVELOPMENT, ACTIVITIES OF DAILY LIVING, TRAVEL TRAINING, HEALTH CARE, MEDICATION MAINTENANCE, AND MANY MORE. PROVIDED IN OVER 100 COMMUNITIES THROUGHOUT LONG ISLAND AND NEW YORK CITY, OUR DIVERSE RESIDENTIAL SERVICES INCLUDE: - SUPERVISED 24-HOUR RESIDENTIAL ALTERNATIVES - INDIVIDUALS ARE SUPPORTED THROUGHOUT THE DAY AND NIGHT AS THEY WORK, TRAVEL, AND ENJOY LIFE IN THEIR LOCAL COMMUNITY. - INDEPENDENT LIVING SERVICES - INDIVIDUALS LIVE IN AN APARTMENT WITH 1 OR 2 ROOMMATES. THE INDIVIDUALS CAN NAVIGATE THEIR COMMUNITY TO MEET THEIR DAILY NEEDS. - INTERMEDIATE CARE FACILITIES - INDIVIDUALS RECEIVE HIGHLY STRUCTURED, ENHANCED SUPPORT FROM A SKILLED CLINICAL TEAM AND SUPPORT STAFF.

Program 2

Expenses: $26,524,980 Revenue: $23,396,557

DAY PROGRAMS - WIDE VARIETY OF DAY SERVICES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES AND/OR MENTAL ILLNESS AND OTHER DISABILITIES INCLUDING DAY HABILITATION AND RECREATIONAL PROGRAMS, SUPPORTED...

DAY PROGRAMS - WIDE VARIETY OF DAY SERVICES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES AND/OR MENTAL ILLNESS AND OTHER DISABILITIES INCLUDING DAY HABILITATION AND RECREATIONAL PROGRAMS, SUPPORTED EMPLOYMENT, RESPITE, AND OTHER DAY HABILITATION SERVICES AT SADDLE ROCK RANCH BUILT AROUND PREFERENCES AND ABILITIES TO MAXIMIZE HUMAN POTENTIAL.

Program 3

Expenses: $17,895,876 Revenue: $12,389,448

OMH RESIDENTIAL - OPERATION OF A WIDE ARRAY OF RESIDENTIAL SUPPORTS, SPONSORED WITH THE OFFICE OF MENTAL HEALTH (OMH), PROVIDING REHABILITATION AND RECOVERY SERVICES THAT ENABLE INDIVIDUALS WITH...

OMH RESIDENTIAL - OPERATION OF A WIDE ARRAY OF RESIDENTIAL SUPPORTS, SPONSORED WITH THE OFFICE OF MENTAL HEALTH (OMH), PROVIDING REHABILITATION AND RECOVERY SERVICES THAT ENABLE INDIVIDUALS WITH MENTAL HEALTH NEEDS TO ATTAIN GREATER INDEPENDENCE AND MEANINGFUL ACTIVITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,302,339

Program Service Revenue $152,789,075

Investment Income $1,810,911

Other Revenue $301,284

TOTAL REVENUE $169,203,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,364,239

Fundraising Expenses $0

Program Expenses $151,561,261

Other Expenses $45,071,470

TOTAL EXPENSES $168,435,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$169,203,609	$157,107,865	+0.1%
Expenses	$168,435,709	$155,124,751	+0.1%
Net Income	$767,900	$1,983,114	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

2329

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,471,788

Total Directors

Key Employees

$1,606,890

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK PREISER	SR. CO-CHAIR	1.00	Officer Director	$0	$0	$0
VALERIE BARNWELL	CO-CHAIR	1.00	Officer Director	$0	$0	$0
PILAR DELGADO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SAVITREE DEVI PESTANO	TREASURER	1.00	Officer Director	$0	$0	$0
ALAN POLACEK	SECRETARY	1.00	Officer Director	$0	$0	$0
ELLEN PAIGE NELSON	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
VERONICA FERNANDEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY ELLEN FREELEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC KLEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL LEAHY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SANDERS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK SIMMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY ZAKS	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT S BUDD MPS SR CHIEF	EXECUTIVE OFFICER & PRESIDENT	40.00	Officer	$485,513	$107,108	$592,621
DR CHRISTOPHER D LONG EDD	CO-CHIEF EXECUTIVE OFFICER/PRESIDENT	40.00	Officer	$458,775	$103,718	$562,493
VINCENT CONA CPA CHIEF	FINANCIAL OFFICER, EFF. 7/1/2024	40.00	Officer	$241,448	$75,226	$316,674
SUSAN DICKINSON CPA	CHIEF PROJECT OFFICER, EFF. 7/1/2024	40.00	Key Emp	$282,361	$64,160	$346,521
ATINDAR ARNOLD	CHIEF HOUSING & CLINICAL OFFICER	40.00	Key Emp	$231,578	$27,225	$258,803
SUSAN SORRENTINO	CHIEF PROJECT OFFICER	40.00	Key Emp	$223,009	$27,367	$250,376
NICOLE WOLF CHIEF COMMUNITY	& BEHAVIORAL HEALTH OFFICER	40.00	Key Emp	$198,228	$63,685	$261,913
MICHELLE AMATO	CHIEF ADMINISTRATIVE OFFICER	40.00	Key Emp	$196,426	$64,638	$261,064
MATTHEW COLLINS	CHIEF COMPLIANCE & RISK OFFICER	40.00	Key Emp	$160,197	$68,016	$228,213
JENNIFER MARZIGLIANO	CHIEF HUMAN RESOURCE OFFICER	40.00	Highest	$146,212	$74,011	$220,223
ANITA DOWD-NEUFELD SENIOR	VICE PRESIDENT, COMMUNITY SERVICES	40.00	Highest	$176,929	$61,858	$238,787
DARREN BELCHER SENIOR	VICE PRESIDENT, TECHNOLOGY SERVICES	40.00	Highest	$180,858	$53,619	$234,477
CONSUELO HENDRICKSON SENIOR	VICE PRESIDENT, HEALTHCARE SERVICES	40.00	Highest	$179,402	$23,909	$203,311
DIANE WAHNE	PRESCRIBER - NP	40.00	Highest	$257,533	$49,253	$306,786

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$169,203,609	$168,435,709	$112,821,910	$767,900
2023	$157,107,865	$155,124,751	$99,866,528	$1,983,114
2022	$177,234,610	$164,975,679	$100,514,623	$12,258,931
2021	$126,359,719	$125,296,872	$94,495,228	$1,062,847
2020	$125,157,002	$124,964,501	$83,726,029	$192,501
2019	$115,274,748	$115,454,102	$71,128,248	$-179,354
2018	$109,494,620	$109,089,826	$68,369,640	$404,794

FAMILY RESIDENCES AND ESSENTIAL ENTERPRISES INC