PROJECT HOSPITALITY INC

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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

1984

Legal Domicile

Phone

7184481544

Tax Period

2024-07-01 to 2025-06-30

PROJECT HOSPITALITY INC, founded in 1984, is a mid-sized nonprofit that reported $53.9M in total revenue in fiscal year 2024.

Mission

TO REACH OUT TO THE COMMUNITY MEMBERS WHO ARE HUNGRY, HOMELESS OR OTHERWISE IN NEED IN ORDER TO WORK WITH THEM TO ACHIEVE THEIR SELF SUFFICIENCY - THEREBY ENHANCING THE QUALITY OF LIFE FOR OUR STATEN ISLAND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $23,943,778 Revenue: $5,080,433

HOMELESS CARE AND PREVENTION SERVICES: PROJECT HOSPITALITY (PH) PROVIDES HOUSING, SHELTER, AND PLACEMENT SERVICES TO HOMELESS STATEN ISLAND RESIDENTS. IN FY 2025, PH PLACED 325 HOMELESS INDIVIDUALS INTO EMERGENCY AND PERMANENT HOUSING. THE AGENCY HOUSED 41 YOUTH THROUGH OUR TRANSITIONAL INDEPENDENT LIVING PROGRAMS AND PROVIDED CASE MANAGEMENT SERVICES TO 275 YOUTH. PH'S PREVENTION PROGRAMS INCLUDE SITE-BASED AND MOBILE FOOD PANTRIES, WHICH THIS YEAR ALONE SERVED APPOXIMATELY 3.8 MILLION MEALS, AND A HELP CENTER PROGRAM THAT ASSISTS APPROXIMATELY 7,000 UNDUPLICATED HOUSEHOLDS EACH YEAR IN ACCESSING PUBLIC BENEFITS AND OTHER COMMUNITY-BASED SERVICES, INDEPENDENT LIVING PROGRAMS AND PROVIDED CASE MANAGEMENT SERVICES TO 283 YOUTH. PH'S PREVENTION PROGRAMS INCLUDE SITE-BASED AND MOBILE FOOD PANTRIES, WHICH THIS YEAR ALONE SERVED OVER 5.5 MILLION MEALS, AND A HELP CENTER PROGRAM THAT ASSISTS CLIENTS IN ACCESSING PUBLIC BENEFITS AND OTHER COMMUNITY-BASED SERVICES.

Program 2

Expenses: $15,023,178 Revenue: $1,686,926

RE-HOUSING SERVICES: PROJECT HOSPITALITY OPERATES OVER 371 UNITS OF PERMANENT SUPPORTIVE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES, ALLOWING THEM TO ACHIEVE STABILITY AND WORK TOWARDS...

RE-HOUSING SERVICES: PROJECT HOSPITALITY OPERATES OVER 371 UNITS OF PERMANENT SUPPORTIVE HOUSING FOR FORMERLY HOMELESS INDIVIDUALS AND FAMILIES, ALLOWING THEM TO ACHIEVE STABILITY AND WORK TOWARDS THEIR INDEPENDENCE. PH ALSO HAS LONG-TERM TRANSITIONAL HOUSING PROGRAMS FOR HOMELESS INDIVIDUALS WITH HIV/AIDS, A DIAGNOSED SUBSTANCE USE DISORDER, AND/OR A SERIOUS MENTAL ILLNESS.

Program 3

Expenses: $10,776,190

SUPPORT AND TREATMENT SERVICES: PH PROVIDES A COMPREHENSIVE SET OF TREATMENT SERVICES TO HOMELESS AND LOW-INCOME STATEN ISLAND RESIDENTS. THROUGH OUR HEALTH HOME, PH PROVIDES HEALTH CARE COORDINATION TO OVER 871 ADULTS WITH COMPLEX CHRONIC HEALTH AND/OR BEHAVIORAL HEALTH NEEDS WHO, WITHOUT THESE SERVICES, RECEIVE CARE THAT IS FRAGMENTED, UNCOORDINATED, AND DUPLICATED. IN FY 2025, PH PROVIDED 629 ADULTS WITH SERVICES THROUGH OUR OUTPATIENT MENTAL HEALTH AND SUBSTANCE USE TREATMENT PROGRAMS AND OUR RESIDENTIAL REHABILITATION PROGRAM.

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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 $46,675,283

Program Service Revenue $6,767,359

Investment Income $167,961

Other Revenue $307,930

TOTAL REVENUE $53,918,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,640,693

Fundraising Expenses $451,459

Program Expenses $49,743,146

Other Expenses $28,169,525

TOTAL EXPENSES $55,810,218

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,918,533	$52,374,686	+0.0%
Expenses	$55,810,218	$53,158,732	+0.0%
Net Income	$-1,891,685	$-784,046	+1.4%

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

524

Volunteers

900

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

$446,660

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AURELIA CURTIS	SECRETARY	1.0	Officer Director	$0	$0	$0
JANET H JONES	CHAIR	1.0	Officer Director	$0	$0	$0
JOHN VINCENT SCATIA SR	SECOND VICE CHAIR	1.0	Officer Director	$0	$0	$0
PETER TESORIERO	TREASURER	1.0	Officer Director	$0	$0	$0
TIMOTHY C HARRISON ESQ	FIRST VICE CHAIR	1.0	Officer Director	$0	$0	$0
Anne Boyle	MEMBER	1.0	Director	$0	$0	$0
BRIDGET K MCCABE	MEMBER	1.0	Director	$0	$0	$0
CARMEN SERRANO-SHERLOCK	MEMBER	1.0	Director	$0	$0	$0
Debi Rose	MEMBER	1.0	Director	$0	$0	$0
DIANE LOUARD-MICHEL	MEMBER	1.0	Director	$0	$0	$0
GARY MALANDRO	MEMBER	1.0	Director	$0	$0	$0
Giovanna Acquilano	MEMBER	1.0	Director	$0	$0	$0
Heather Butts	MEMBER	1.0	Director	$0	$0	$0
HELEN S SETTLES	MEMBER	1.0	Director	$0	$0	$0
JAMES CHIN	MEMBER	1.0	Director	$0	$0	$0
JAVAID SYED	MEMBER	1.0	Director	$0	$0	$0
JIMMY RIVERA	MEMBER	1.0	Director	$0	$0	$0
JOHN MCBETH	MEMBER	1.0	Director	$0	$0	$0
JOSEPH SICILIAN	MEMBER	1.0	Director	$0	$0	$0
JOSEPH TORRES	MEMBER	1.0	Director	$0	$0	$0
MARIBEL SANSONE	MEMBER	1.0	Director	$0	$0	$0
Mary Bryant	MEMBER	1.0	Director	$0	$0	$0
Rabbi Michael Howald	MEMBER	1.0	Director	$0	$0	$0
RUTA SHAH-GORDON	MEMBER	1.0	Director	$0	$0	$0
STEVE DECOSTA ESQ	MEMBER	1.0	Director	$0	$0	$0
Wahib Zafar	MEMBER	1.0	Director	$0	$0	$0
Yvette Washington-Wheatley	MEMBER	1.0	Director	$0	$0	$0
LUIS PICO	CFO	32.0	Officer	$188,857	$8,253	$197,110
TERRY TROIA	CEO	32.0	Officer	$174,732	$74,818	$249,550
AYO ODEYALE	DEPUTY CHIEF PROGRAM OFFICER	32.0	Highest	$167,565	$10,198	$187,913
EMMANUEL AHIPUE	NURSE PRACTITIONER PSYCHIATRY	35.0	Highest	$239,767	$24,493	$264,260
JACLYN STOLL	EXECUTIVE DIRECTOR (ENDED 1/3/2025)	35.0	Highest	$219,997	$7,342	$227,339
MICHELLE GASSAMA	CHIEF OPERATING OFFICER	35.0	Highest	$130,352	$15,481	$145,833
MUFTAU BELLO	NURSE PRACTITIONER PSYCHIATRY	35.0	Highest	$226,405	$34,750	$261,155

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	$53,918,533	$55,810,218	$45,095,122	$-1,891,685
2024	No data	No data	No data	No data
2023	$51,055,660	$49,430,997	$39,546,487	$1,624,663
2022	$47,843,217	$45,231,789	$23,090,214	$2,611,428
2021	$41,568,587	$41,386,200	$24,265,282	$182,387
2020	$39,475,315	$39,363,608	$23,323,979	$111,707
2019	$36,971,543	$37,225,903	$19,798,635	$-254,360
2018	$33,445,427	$34,571,459	$17,886,356	$-1,126,032