NEIGHBORHOOD COALITION FOR SHELTER… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

ANN SHALOF

Phone

2125375100

Tax Period

2023-07-01 to 2024-06-30

NEIGHBORHOOD COALITION FOR SHELTER INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

NEIGHBORHOOD COALITION FOR SHELTER HELPS NEW YORKERS WHO ARE STRUGGLING WITH HOMELESSNESS, OFTEN COMPOUNDED BY MENTAL ILLNESS OR SUBSTANCE USE, TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE. WE WERE ESTABLISHED IN 1982 BY FAITH AND COMMUNITY LEADERS ON MANHATTAN'S UPPER EAST SIDE WHO BELIEVED THAT HOMELESSNESS IS THE RESPONSIBILITY OF THE ENTIRE COMMUNITY. TODAY WE CONTINUE TO BE GUIDED BY THE PRINCIPLE THAT NEIGHBORS SHOULD HELP NEIGHBORS. NCS OFFERS AN ARRAY OF HOUSING AND SUPPORTIVE SERVICES INCLUDING CASE MANAGEMENT; COUNSELING; SUBSTANCE USE TREATMENT; VOCATIONAL, EDUCATION AND, EMPLOYMENT SERVICES; AND AN INFORMATION AND REFERRALS PROGRAM.

Program Service Accomplishments

Program 1

Expenses: $3,486,682 Revenue: $402,498

RESIDENCE PROGRAM: NCS PROVIDES SUPPORTIVE HOUSING, WHICH PAIRS AFFORDABLE HOUSING WITH COMPREHENSIVE ON-SITE SUPPORTIVE SERVICES. THIS EVIDENCE-BASED APPROACH IMPROVES HOUSING STABILITY...

RESIDENCE PROGRAM: NCS PROVIDES SUPPORTIVE HOUSING, WHICH PAIRS AFFORDABLE HOUSING WITH COMPREHENSIVE ON-SITE SUPPORTIVE SERVICES. THIS EVIDENCE-BASED APPROACH IMPROVES HOUSING STABILITY, PARTICULARLY FOR CHRONICALLY HOMELESS INDIVIDUALS, AS WELL AS EMPLOYMENT STATUS AND MENTAL AND PHYSICAL HEALTH. NCS OPERATES A 65-UNIT PERMANENT SUPPORTIVE RESIDENCE IN MANHATTAN FOR CHRONICALLY HOMELESS SINGLE ADULTS AND A 46 UNIT RESIDENCE IN THE BRONX THAT PROVIDES SUPPORTIVE HOUSING TO YOUNG ADULTS WHO ARE HOMELESS OR HAVE AGED OUT OF FOSTER CARE. IN ADDITION, NCS NOW OPERATES NCS SCHOLARS, A PROGRAM IN LONG ISLAND CITY, QUEENS, THAT PROVIDES HOUSING AND ON-SITE SUPPORTIVE SERVICES FOR UP TO 29 COLLEGE STUDENTS WHO ARE HOMELESS OR UNSTABLY HOUSED WHILE PURSUING THEIR DEGREES.

Program 2

Expenses: $350,975 Revenue: $192,155

SUBSTANCE USE TREATMENT: NCS OPERATES CHANCE FOR CHANGE (CFC), A NEW YORK STATE-LICENSED OUTPATIENT SUBSTANCE USE TREATMENT PROGRAM THAT IS SPECIFICALLY DESIGNED FOR HOMELESS ADULTS. CFC TARGETS THE PSYCHIATRIC SYMPTOMS THAT CO-OCCUR WITHIN THE CHRONICALLY HOMELESS ADULT POPULATION, WHICH HAS HISTORICALLY HAD DIFFICULTY SUCCEEDING IN TRADITIONAL SUBSTANCE USE TREATMENT PROGRAMS. IN FY 24 CHANCE FOR CHANGES SERVED 39 CLIENTS. CFC CLIENTS HAVE ALSO DEMONSTRATED IMPROVEMENTS IN HOUSING STATUS, BECOME BETTER ABLE TO SEEK AND MAINTAIN SHELTER AND ENGAGE IN THE HOUSING PROCESS.

Program 3

Expenses: $44,443

VOCATIONAL, EDUCATIONAL, AND EMPLOYMENT PROGRAM: NCS' OPTIONS IS AN EDUCATIONAL AND VOCATIONAL PROGRAM THAT PROVIDES COUNSELING, SUPPORT AND SCHOLARSHIPS FOR CLIENTS PURSUING EDUCATION AND WORK...

VOCATIONAL, EDUCATIONAL, AND EMPLOYMENT PROGRAM: NCS' OPTIONS IS AN EDUCATIONAL AND VOCATIONAL PROGRAM THAT PROVIDES COUNSELING, SUPPORT AND SCHOLARSHIPS FOR CLIENTS PURSUING EDUCATION AND WORK. CLIENTS ARE PRIMARILY DRAWN FROM LOUIS NINE HOUSE AND NCS SCHOLARS, WITH OTHERS REFERRED FROM THE NCS RESIDENCE AND CHANCE FOR CHANGE AS WELL AS OTHER COMMUNITY PARTNERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,682,320

Program Service Revenue $192,155

Investment Income $288,498

Other Revenue $359,834

TOTAL REVENUE $5,522,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,799,578

Fundraising Expenses $485,203

Program Expenses $3,882,100

Other Expenses $2,768,690

TOTAL EXPENSES $5,568,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,522,807	$5,914,665	-0.1%
Expenses	$5,568,268	$4,560,618	+0.2%
Net Income	$-45,461	$1,354,047	-1.0%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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

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

$357,357

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABIGAIL BLACK ELBAUM	DIRECTOR	2.00	Director	$0	$0	$0
ANN ROSS LOEB	DIRECTOR	2.00	Director	$0	$0	$0
ANNE DAVIDSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER SOLOMON	DIRECTOR	2.00	Director	$0	$0	$0
DAVID A OLIVER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAN GOLANN	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHRYN KEEN	DIRECTOR	2.00	Director	$0	$0	$0
MARIBETH LOWE	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW D HUGHES	DIRECTOR	2.00	Director	$0	$0	$0
MEGAN NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
OREN K ISACOFF	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL PILTCH-LOEB	DIRECTOR	2.00	Director	$0	$0	$0
REV EVA SUAREZ	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE GUEST	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
STEPHANIE SHUMAN	DIRECTOR	2.00	Director	$0	$0	$0
STUART N SIEGEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN SHEVELL	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN STEVENS	TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS J KILKENNY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
VANESSA CREWA	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA BERT	DIRECTOR	2.00	Director	$0	$0	$0
WOLCOTT B DUNHAM JR	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANN SHALOF	CHIEF EXECUTIVE OFFICER	35.00	Officer	$174,280	$33,347	$207,627
PEARL CHIN	CHIEF FINANCIAL OFFICER (OUTGOING)	35.00	Officer	$135,113	$14,617	$149,730
NANCY RIEDL	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$141,166	$30,782	$171,948
ROBERT YANCEY	CHIEF PROGRAM OFFICER	35.00	Highest	$126,077	$29,902	$155,979

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
2025	No data	No data	No data	No data
2024	$5,522,807	$5,568,268	$9,060,403	$-45,461
2023	$5,914,665	$4,560,618	$8,239,817	$1,354,047
2022	$5,963,520	$3,761,339	$6,560,093	$2,202,181
2021	$3,531,950	$3,475,037	$5,465,832	$56,913
2020	$3,044,022	$3,236,581	$4,821,234	$-192,559
2019	$3,663,861	$2,715,807	$4,430,594	$948,054

NEIGHBORHOOD COALITION FOR SHELTER INC