NAZARETH HOUSING INC

EIN: 133176952 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$3,913,497
Total Expenses
$4,233,194
Total Assets
$3,625,593
Net Assets
$3,326,355
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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
NY
Principal Officer
RACHEL LEVINE
Phone
2127771010
Tax Period
2023-07-01 to 2024-06-30

NAZARETH HOUSING INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

BORN OUT OF THE LOWER EAST SIDE'S URBAN HOMESTEADING MOVEMENT, NAZARETH HOUSING WAS FOUNDED IN 1983 TO PROVIDE SUPPORT SERVICES TO THE NEIGHBORHOOD'S MOST VULNERABLE FAMILIES AND INDIVIDUALS. TODAY WE SERVE NEW YORKERS SEEKING ASSISTANCE FROM ALL FIVE BOROUGHS. ALL OF OUR SERVICES ARE DELIVERED WITH THE GOAL OF EMPOWERING OUR CLIENTS AND PROVIDING THEM WITH THE TOOLS AND RESOURCES TO ACHIEVE HOUSING STABILITY AND ECONOMIC WELL-BEING. WHETHER A CLIENT IS THREATENED WITH EVICTION, SUFFERING FROM FOOD INSECURITY, OR LOOKING TO STABILIZE THEIR HOUSEHOLD FINANCES, OUR EXPERT STAFF HAS BOTH THE SKILLS AND THE UNDERSTANDING NEEDED NOT ONLY TO ADDRESS THE IMMEDIATE PROBLEM, BUT TO TACKLE ITS UNDERLYING CAUSES. IN FY24 NAZARETH HOUSING SERVED A TOTAL OF 5,744 INDIVIDUALS. OVER THE COURSE OF THE YEAR 83 INDIVIDUALS REPRESENTING 27 HOUSEHOLDS RESIDED IN OUR EMERGENCY FAMILY SHELTER, AND 44 HOUSEHOLDS CALLED OUR PERMANENT SUPPORTIVE HOUSING HOME. OF THE 624 HOUSEHOLDS THAT CAME TO US ON THE VERGE OF EVICTION, 100% REMAINED STABLY HOUSED. 2,175 AT-RISK INDIVIDUALS RECEIVED SOME FORM OF CASE MANAGEMENT THROUGH 13,235 POINTS OF CONTACT WITH CASE MANAGEMENT STAFF. OUR VITA FREE TAX PREPERATION SITE PREPARED 829 FREE TAX RETURNS FOR OURLOW-INCOME COMMUNITY MEMBERS, RETURNING $1.4 MILLION TO OUR COMMUNITY. OUR HSSP CASE MANAGERS SCREENED 100% OF CLIENTS FOR BENEFITS ELIGIBILITY; 21% OF OUR CLIENTS WERE ENROLLED IN ENTITLEMENTS PROGRAMS TO STRETCH THEIR BUDGET DOLLARS AND STRENGTHEN THEIR FINANCIAL SECURITY. OVER THE COURSE OF THE YEAR, 68,948 DUPLICATED INDIVIDUALS RECEIVED NUTRITIONAL ASSISTANCE FROM LOUISE'S PANTRY, OUR CLIENT-CHOICE FOOD SECURITY PROGRAM PROVIDING HOUSEHOLD GOODS AND PERSONAL HYGIENE ITEMS IN ADDITION TO FOOD. LIFELAB, OUR SUITE OF EDUCATIONAL PROGRAMMING FOCUSED ON FINANCIAL, NUTRITIONAL, HOUSING, AND PERSONAL WELLBEING, ENGAGED 217 PARTICIPANTS ON TOPICS PERTINENT TO THEIR HOUSING STABILITY AND ECONOMIC SECURITY. THESE COMPREHENSIVE WRAP-AROUND SERVICES ARE PROVIDED IN CONCERT WITH EACH OTHER, ENSURING THAT ALL FACETS OF OUR CLIENTS' HOUSING STABILITY ARE ADDRESSED AND STRENGTHENED PROACTIVELY.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,850,128
Program Service Revenue $146,760
Investment Income $43,491
Other Revenue $-126,882
TOTAL REVENUE $3,913,497

Expense Breakdown

Grants Paid $11,534
Salaries & Benefits $1,922,290
Fundraising Expenses $338,873
Program Expenses $3,183,843
Other Expenses $2,299,370
TOTAL EXPENSES $4,233,194

Year-over-Year Comparison

2023 2022 Change
Revenue $3,913,497 $4,310,290 -0.1%
Expenses $4,233,194 $3,715,946 +0.1%
Net Income $-319,697 $594,344 -1.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
13
Employees
36
Volunteers
100

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
6
$281,380
Total Directors
14
$198,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RACHEL LEVINE EXECUTIVE DIRECTOR 31.00
Officer Director
$195,750 $2,500 $198,250
MARY BETH HOGAN PRESIDENT 3.00
Officer Director
$0 $0 $0
MARY C KILBOURN VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
LEONARD SHAVEL TREASURER 2.00
Officer Director
$0 $0 $0
BENNETTE D KRAMER SECRETARY 2.00
Officer Director
$0 $0 $0
TARA CHAMBERS BOARD MEMBER 2.00
Director
$0 $0 $0
ERIC R DINALLO BOARD MEMBER 2.00
Director
$0 $0 $0
ALLISON FRANCO LCSW BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICIA GLORIOSO BOARD MEMBER 2.00
Director
$0 $0 $0
MARY-KAY ORR BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID MADER BOARD MEMBER 2.00
Director
$0 $0 $0
HANNAH PENNINGTON BOARD MEMBER 2.00
Director
$0 $0 $0
ROSS SARRAF BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE WRONSKI BOARD MEMBER 2.00
Director
$0 $0 $0
SIBYL-MICHELLE AKINS CONTROLLER 31.00
Officer
$75,087 $8,043 $83,130
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 $3,913,497 $4,233,194 $3,625,593 $-319,697
2023 $4,310,290 $3,715,946 $4,150,043 $594,344
2022 $3,695,279 $3,076,152 $3,411,994 $619,127
2021 $2,895,576 $2,940,351 $3,292,170 $-44,775
2020 $2,853,248 $2,750,222 $3,252,902 $103,026
2019 $2,471,874 $2,481,699 $2,529,058 $-9,825
2018 $2,612,720 $2,386,850 $2,610,426 $225,870
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