The Family Resource Center of Peekskill Inc

EIN: 133404669 501(c)(3) Housing & Shelter

PEEKSKILL, NY

Total Revenue
$611,096
Total Expenses
$568,880
Total Assets
$4,302,068
Net Assets
$2,118,514
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
NY
Principal Officer
Elizabeth C McCorvey
Phone
9143846278
Tax Period
2024-07-01 to 2025-06-30

The Family Resource Center of Peekskill Inc, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $611K in total revenue in fiscal year 2024. Revenue surged 75% from the prior year, signaling strong growth momentum. Expenses of $569K left a modest 7% surplus.

Mission

Building support services with communities which strengthen and empower socio disadvantaged families elderly persons and homeless individuals

Program Service Accomplishments

Program 1
Expenses: $450,782 Revenue: $546,927

.Providing shelter and rental assistance to multiple families and impoverished persons

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,911
Program Service Revenue $591,560
Investment Income $0
Other Revenue $5,625
TOTAL REVENUE $611,096

Expense Breakdown

Grants Paid $1,837
Salaries & Benefits $18,528
Fundraising Expenses $4,370
Program Expenses $450,782
Other Expenses $548,515
TOTAL EXPENSES $568,880

Year-over-Year Comparison

2024 2023 Change
Revenue $611,096 $349,850 +0.7%
Expenses $568,880 $321,312 +0.8%
Net Income $42,216 $28,538 +0.5%
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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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
20

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
$18,528
Total Directors
2
$0
Key Employees
2
$18,528
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lorna Harry President 1.00
Director
$0 $0 $0
Sherrie Harris Office member 1.00
Director
$0 $0 $0
Elizabeth MCCorvey Executive Director 80.00
Officer Key Emp Highest
$18,528 $0 $18,528
Cynthia Groom Treasurer 1.00
Key Emp
$0 $0 $0
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 $611,096 $568,880 $4,302,068 $42,216
2025 $611,096 $568,880 $4,302,068 $42,216
2025 No data No data No data No data
2023 $1,484,645 $405,414 $5,841,268 $1,079,231
2022 $604,089 $519,985 $2,303,276 $84,104
2020 $529,095 $529,095 $2,353,882 No data
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