POSTGRADUATE CENTER RESIDENCE II OF NEW YORK INC

EIN: 133411068 501(c)(3) Mental Health

NEW YORK, NY

Total Revenue
$699,320
Total Expenses
$556,374
Total Assets
$1,326,542
Net Assets
$96,151
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
JACOB BARAK PHD
Phone
2128895500
Tax Period
2024-07-01 to 2025-06-30

POSTGRADUATE CENTER RESIDENCE II OF NEW YORK INC, founded in 1987, is a small nonprofit in the Mental Health sector that reported $699K in total revenue in fiscal year 2024. The organization ran a surplus of $143K, a strong 20% operating margin.

Mission

TO PROVIDE COMMUNITY RESIDENCES AND HOUSING FACILITIES SPECIFICALLY DESIGNED TO PROMOTE THE WELL-BEING FOR THE MENTALLY ILL AND ELDERLY PERSONS. PCMH'S COMMUNITY RESIDENCE PROGRAMS ASSIST CONSUMERS WITH THE DIFFICULT TRANSITION FROM LONG-TERM OR REVOLVING-DOOR HOSPITAL STAYS.

Program Service Accomplishments

Program 1
Expenses: $511,397 Revenue: $148,411

AN APARTMENT COMPLEX OF THIRTY-TWO UNITS IN WHICH HOUSING IS PROVIDED TO THE CHRONICALLY MENTALLY ILL BY POSTGRADUATE CENTER FOR MENTAL HEALTH UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. RESIDENCE...

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AN APARTMENT COMPLEX OF THIRTY-TWO UNITS IN WHICH HOUSING IS PROVIDED TO THE CHRONICALLY MENTALLY ILL BY POSTGRADUATE CENTER FOR MENTAL HEALTH UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. RESIDENCE II, THE LASALLE STREET RESIDENCE, HAS BEEN IN FULL OPERATION THROUGHOUT THE PAST FISCAL YEAR. THIS TRANSITIONAL RESIDENCE PROVIDES SERVICES TO THIRTY-TWO SERIOUSLY AND PERSISTENTLY MENTALLY ILL ADULTS. WITHIN THE LAST SEVERAL YEARS, TWELVE OF THE SITE'S RESIDENTS WERE DISCHARGED APPROPRIATELY TO ALTERNATIVE LEVELS OF CARE. THE SITE ALSO HAD TWELVE NEW YORK STATE OFFICE OF MENTAL HEALTH PRIORITY ADMISSIONS, NOTED AS "HIGH NEEDS" CLIENTS. THESE CLIENTS WERE ALL ADMITTED FROM STATE OR ACUTE CARE INPATIENT PSYCHIATRIC UNITS. ALL OF THESE TWELVE NEW CLIENTS HAVE HAD A SMOOTH TRANSITION TO THE SITE AND CONTINUE TO RECEIVE THE FULL COMPLEMENT OF SERVICES.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $496,151
Program Service Revenue $148,411
Investment Income $20,466
Other Revenue $34,292
TOTAL REVENUE $699,320

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $511,397
Other Expenses $556,374
TOTAL EXPENSES $556,374

Year-over-Year Comparison

2024 2023 Change
Revenue $699,320 $702,520 0.0%
Expenses $556,374 $507,918 +0.1%
Net Income $142,946 $194,602 -0.3%
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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
5
$1,621,564
Total Directors
4
$1,317,609
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOB BARAK PHD PRESIDENT & CEO 1.00
Officer Director
$0 $200,236 $1,025,159
CARA TURNER VICE PRESIDENT 1.00
Officer Director
$0 $69,455 $292,450
CHRISTOPHER BURKE TREASURER 1.00
Officer Director
$0 $0 $0
VICTOR BENEL SECRETARY 1.00
Officer Director
$0 $0 $0
DALER AMONOV CFO 0.50
Officer
$0 $68,769 $303,955
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 $699,320 $556,374 $1,326,542 $142,946
2024 $702,520 $507,918 $1,464,394 $194,602
2023 $575,671 $651,210 $1,286,932 $-75,539
2022 $570,808 $517,091 $1,482,662 $53,717
2021 $561,592 $553,379 $1,380,128 $8,213
2020 $642,989 $537,138 $1,327,424 $105,851
2019 $388,316 $547,709 $1,251,720 $-159,393
2018 $404,032 $457,484 $1,334,877 $-53,452
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