THE DOE FUND INC

EIN: 133412540 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$66,379,427
Total Expenses
$60,395,164
Total Assets
$214,911,863
Net Assets
$70,118,651
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
JENNIFER MITCHELL
Phone
2126285207
Tax Period
2023-07-01 to 2024-06-30

THE DOE FUND INC, founded in 1987, is a mid-sized nonprofit in the Housing & Shelter sector that reported $66.4M in total revenue in fiscal year 2023. Expenses of $60.4M left a modest 9% surplus.

Mission

FOUNDED IN 1985, THE DOE FUND HAS PROVIDED OVER 30,000 INDIVIDUALS WITH THE TOOLS TO BREAK THE DEVASTATING CYCLE OF POVERTY, HOMELESSNESS, AND INCARCERATION. THE ORGANIZATION'S READY, WILLING & ABLE PROGRAM OFFERS PAID WORK, CAREER TRAINING, HOUSING, AND COMPREHENSIVE SUPPORTIVE SERVICES TO FORMERLY HOMELESS AND INCARCERATED MEN IN NEW YORK CITY. THE DOE FUND'S EXPANDING PORTFOLIO OF PERMANENT AFFORDABLE HOUSING GIVES VETERANS, LOW-INCOME INDIVIDUALS AND FAMILIES, PEOPLE STRUGGLING WITH SUBSTANCE ABUSE ISSUES, HIV/AIDS, MENTAL ILLNESS AND PHYSICAL DISABILITIES ACCESS TO STATE-OF-THE-ART, SAFE HOMES WITH ON-SITE SOCIAL SERVICES.

Program Service Accomplishments

Program 1
Expenses: $50,152,986 Revenue: $16,058,252

THE DOE FUND EMPOWERS PEOPLE TO BREAK THE CYCLES OF HOMELESSNESS, SUBSTANCE ABUSE AND INCARCERATION THROUGH INNOVATIVE PAID WORK PROGRAMS, HOUSING, SUPPORTIVE SERVICES AND BUSINESS VENTURES...

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THE DOE FUND EMPOWERS PEOPLE TO BREAK THE CYCLES OF HOMELESSNESS, SUBSTANCE ABUSE AND INCARCERATION THROUGH INNOVATIVE PAID WORK PROGRAMS, HOUSING, SUPPORTIVE SERVICES AND BUSINESS VENTURES. INCORPORATED IN 1987, THIS AWARD-WINNING AND NATIONALLY RECOGNIZED NON-PROFIT ORGANIZATION REMAINS ON THE CUTTING EDGE OF HOMELESS SERVICES, WORKFORCE DEVELOPMENT, PRISONER REENTRY, LOW-INCOME AND SPECIAL NEEDS HOUSING. AS THE UMBRELLA ORGANIZATION FOR MULTIPLE PROGRAMS, INITIATIVES AND REAL ESTATE DEVELOPMENTS, THE DOE FUND COMPREHENSIVELY MEETS THE NEEDS OF A DIVERSE HOMELESS POPULATION. IN ADDITION TO ITS FLAGSHIP PAID WORK AND JOB TRAINING PROGRAM, READY, WILLING & ABLE, SOME OF THE DOE FUND'S OTHER NOTABLE ACHIEVEMENTS INCLUDE THE CREATION OF THE FIRST NEWLY CONSTRUCTED S.R.O. IN NEW YORK CITY IN 50 YEARS AS WELL AS THE CONCEPTUALIZATION, DEVELOPMENT, CONSTRUCTION AND SUBSEQUENT MANAGEMENT OF THE PETER JAY SHARP CENTER FOR OPPORTUNITY, A 400-BED STATE-OF-THE-ART HOMELESS FACILITY THAT HAS REDEFINED HOMELESS SERVICES IN NEW YORK CITY. WITH VARIOUS REVENUE-GENERATING MICRO-BUSINESSES, INCLUDING A PEST EXTERMINATION COMPANY, THE DOE FUND IS ON THE FOREFRONT OF SOCIAL ENTREPRENEURSHIP, DIVERSIFYING ITS FUNDING SOURCES WHILE SIMULTANEOUSLY PROVIDING INDUSTRY-SPECIFIC TRAINING OPPORTUNITIES FOR ITS PROGRAMS' PARTICIPANTS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $47,497,515
Program Service Revenue $16,058,252
Investment Income $2,747,452
Other Revenue $76,208
TOTAL REVENUE $66,379,427

Expense Breakdown

Grants Paid $20,902
Salaries & Benefits $39,759,582
Fundraising Expenses $535,715
Program Expenses $50,152,986
Other Expenses $20,614,680
TOTAL EXPENSES $60,395,164

Year-over-Year Comparison

2023 2022 Change
Revenue $66,379,427 $66,378,441 +0.0%
Expenses $60,395,164 $66,929,955 -0.1%
Net Income $5,984,263 $-551,514 -11.9%
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
10
Independent Members
9
Employees
661
Volunteers
51

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
$1,030,763
Total Directors
11
$290,656
Key Employees
1
$268,477
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER MITCHELL PRESIDENT/CEO AS OF 4/23 32.00
Officer Director
$273,942 $16,714 $290,656
JULIAN RILEY JR ACTING CHAIR TO 8/31/23 1.00
Officer Director
$0 $0 $0
NICOLE SELIGMAN CHAIR 1.00
Officer Director
$0 $0 $0
COSMO SAGINARIO BOARD DIRECTOR 1.00
Director
$0 $0 $0
MATT AZZNARA BOARD DIRECTOR 1.00
Director
$0 $0 $0
JOSH WEISENBECK BOARD DIRECTOR 0.75
Director
$0 $0 $0
JOEL TRACTENBERG BOARD DIRECTOR 0.75
Director
$0 $0 $0
JESSE WILKINS BOARD DIRECTOR 0.75
Director
$0 $0 $0
DAVID SHAPIRO BOARD DIRECTOR 0.75
Director
$0 $0 $0
NADIA BLOCK BOARD DIRECTOR 0.75
Director
$0 $0 $0
FRANK GRIBBON BOARD DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY J MANGIONE CFAO 30.00
Officer
$315,018 $48,620 $363,638
JOHN P MCDONALD EVP OF REAL ESTATE 35.25
Officer
$339,960 $36,509 $376,469
FELIPE VARGAS SVP OF PROGRAMS 40.00
Key Emp
$233,778 $34,699 $268,477
LAURENCE F GORDON VP OF HOUSING DEVELOPMENT 40.00
Highest
$292,339 $36,631 $328,970
RUDIS MATA VICE PRESIDENT - FINANCE 40.00
Highest
$222,328 $45,469 $267,797
EUNICE GILMORE SR DIRECTOR - PEOPLE OPERATIONS 40.00
Highest
$141,483 $28,610 $170,093
SILVIA MORALES DIRECTOR - GOV. CONTRACTS 40.00
Highest
$152,545 $11,491 $164,036
MICA STAUBER TISCH DIRECTOR-INFORMATION TECHNOLOGY 40.00
Highest
$147,814 $23,447 $171,261
HARRIET MCDONALD FMR PRES/CEO TO 10/31/22 0.00
$1,000,000 $21,700 $1,021,700
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 $66,379,427 $60,395,164 $214,911,863 $5,984,263
2023 $66,378,441 $66,929,955 $203,029,143 $-551,514
2022 $78,427,074 $57,650,206 $156,528,479 $20,776,868
2021 $76,076,390 $58,851,620 $135,128,444 $17,224,770
2020 $65,323,624 $56,447,941 $101,229,418 $8,875,683
2019 $56,799,180 $51,980,282 $91,618,486 $4,818,898
2018 $53,106,559 $50,505,840 $87,526,726 $2,600,719
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