GREYSTON FOUNDATION INC

EIN: 133717310 501(c)(3) Philanthropy & Grantmaking

YONKERS, NY

Total Revenue
$3,071,646
Total Expenses
$4,524,427
Total Assets
$20,581,207
Net Assets
$15,076,618
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NY
Principal Officer
ANDREW YU
Phone
9143763900
Tax Period
2023-01-01 to 2023-12-31

GREYSTON FOUNDATION INC, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.1M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 47% operating deficit.

Program Service Accomplishments

Program 1
Expenses: $2,835,954 Revenue: $943,166

GREYSTON UNLOCKS THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE ARE LEADING THE EFFORT TO DEVELOP EFFECTIVE SOLUTIONS THAT ADDRESS THE UNDERLYING CAUSES OF...

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GREYSTON UNLOCKS THE POWER OF HUMAN POTENTIAL THROUGH INCLUSIVE EMPLOYMENT, ONE PERSON AT A TIME. WE ARE LEADING THE EFFORT TO DEVELOP EFFECTIVE SOLUTIONS THAT ADDRESS THE UNDERLYING CAUSES OF EMPLOYMENT CHALLENGES THROUGH OUR NEW GREYSTON EMPLOYMENT OPPORTUNITY CENTER (GEOC). THE GEOC PROVIDES SERVICES IN FOUR AREAS: INCLUSIVE HIRING SERVICES, TRANSITIONAL EMPLOYMENT, WORKFORCE DEVELOPMENT, AND PROGRAMS FOR YOUNG ADULTS. INCLUSIVE HIRING SERVICESGREYSTON PROVIDES SUPPORT TO BUSINESSES IN ADOPTING INCLUSIVE HIRING PRACTICES THROUGH MENTORING, AN E-LEARNING PORTAL, DATA COLLECTION, AND RECRUITMENT. THESE PROGRAMS ARE DEDICATED TO THE REPLICATION OF GREYSTON'S OPEN HIRING MODEL AND/OR VARIATIONS THEREOF. OUR INCLUSIVE HIRING SERVICES HAVE REALIZED 1,350 NEW JOBS SINCE INCEPTION. INCLUSIVE HIRING HAS BEEN SHOWN TO: REDUCE TIME-TO-HIRE BY 80%, REDUCE HIRING COSTS UP TO 93%, INCREASE POSITIVE PERCEPTION OF WORK CULTURE AND TRUST IN EMPLOYER, AND GENERATE POSITIVE ECONOMIC IMPACT DIRECTLY TO THE LOCAL COMMUNITY.TRANSITIONAL EMPLOYMENTGREYSTON PROVIDE RE-ENTRY SERVICES FOR JUSTICE-INVOLVED INDIVIDUALS, GIVING THEM AN OPPORTUNITY TO REENTER SOCIETY WITH DIGNITY. GREYSTON SERVES AN AVERAGE OF 75 RECENTLY RELEASED CITIZENS ANNUALLY THROUGH OUR APPRENTICESHIP PROGRAMS. THROUGH THESE SERVICES, THE RECIDIVISM RATE AMONG PROGRAM PARTICIPANTS IS 4.2%, COMPARED TO A NATIONAL RATE OF 44%.WORKFORCE DEVELOPMENTGREYSTON PROVIDES INDUSTRY-RECOGNIZED CERTIFICATION, OCCUPATIONAL TRAINING, AND EDUCATION PROGRAMS IN HIGH-DEMAND SECTORS SUCH AS IT, HEALTHCARE, BUSINESS, CONSTRUCTION, SECURITY, AND HOSPITALITY. STUDENTS EARN AN AVERAGE OF 24% ABOVE THE MINIMUM WAGE IN NEW YORK STATE. IN 2022, GREYSTON SERVED INDIVIDUALS WHO COMPLETED WORKFORCE TRAINING. GREYSTON PROVIDED CASE MANAGEMENT SERVICES TO OVER 100 INDIVIDUALS IN 2022. MORE THAN TWO-THIRDS OF CASE MANAGEMENT CLIENTS RECEIVED 2 OR MORE SERVICES.PROGRAMS FOR YOUNG ADULTSGREYSON PROVIDES INTERPERSONAL AND OCCUPATIONAL TRAINING PROGRAMS PAIRED WITH COMPREHENSIVE CASE MANAGEMENT TO YOUNG ADULTS. UPON COMPLETION OF TRAINING, CLIENTS ARE CONNECTED TO INTERNSHIPS, APPRENTICESHIPS, AND/OR JOB PLACEMENT IN ADDITION TO A FULL YEAR OF WRAPAROUND SOCIAL SERVICES. GREYSTON HAS SERVED 248 INDIVIDUALS SERVED SINCE THE PROGRAM'S INCEPTION, 187 PARTICIPANTS RECEIVED NATIONALLY ACCREDITED JOB SKILLS TRAINING, AND 136 GRADUATES PLACED IN FULL-TIME POSITIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,125,554
Program Service Revenue $943,166
Investment Income $125
Other Revenue $2,801
TOTAL REVENUE $3,071,646

Expense Breakdown

Grants Paid $3,177
Salaries & Benefits $2,916,328
Fundraising Expenses $147,323
Program Expenses $2,835,954
Other Expenses $1,604,922
TOTAL EXPENSES $4,524,427

Year-over-Year Comparison

2023 2022 Change
Revenue $3,071,646 $5,501,576 -0.4%
Expenses $4,524,427 $5,017,384 -0.1%
Net Income $-1,452,781 $484,192 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
13
Employees
73
Volunteers
16

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
$490,297
Total Directors
14
$323,201
Key Employees
1
$191,498
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH D KENNER PRESIDENT & CEO 32.00
Officer Director
$314,584 $8,617 $323,201
ANDREW YEARLEY CHAIR 1.00
Officer Director
$0 $0 $0
JO SAUER SECRETARY 1.00
Officer Director
$0 $0 $0
TY HOOKWAY TREASURER 1.00
Officer Director
$0 $0 $0
JUSTIN AREST DIRECTOR 1.00
Director
$0 $0 $0
AILEEN BURDICK DIRECTOR 1.00
Director
$0 $0 $0
RAMI EFAL DIRECTOR 1.00
Director
$0 $0 $0
DARRAH FELDMAN DIRECTOR 1.00
Director
$0 $0 $0
JOHN JOVE DIRECTOR 1.00
Director
$0 $0 $0
JEREMY LEE DIRECTOR 1.00
Director
$0 $0 $0
GABRIELLE LESSER DIRECTOR 1.00
Director
$0 $0 $0
GLORIA MIRRIONE DIRECTOR 1.00
Director
$0 $0 $0
CANDICE COOK SIMMONS DIRECTOR 1.00
Director
$0 $0 $0
DR AUDREY TOMLINSON DIRECTOR 1.00
Director
$0 $0 $0
ANDREW YU VP, FINANCE & OPS 32.00
Officer
$163,173 $3,923 $167,096
DR DOROTHY P JENNINGS VP, STRATEGIC PROGRAMS 40.00
Key Emp
$184,172 $7,326 $191,498
DAISY PINERO DIRECTOR OF ACCOUNTING 40.00
Highest
$134,527 $23,781 $158,308
SUSAN CROWE DIRECTOR OF HR 40.00
Highest
$128,834 $38,658 $167,492
LUK MILICAJ DIRECTOR OF IT 40.00
Highest
$118,151 $2,759 $120,910
MICHELLE MAHONEY CASE MANAGER 40.00
Highest
$102,292 $21,573 $123,865
DAIL MOSES-TAYLOR FORMER HCE 0.00
$200,000 $0 $200,000
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
2024 No data No data No data No data
2023 $3,071,646 $4,524,427 $20,581,207 $-1,452,781
2022 $5,501,576 $5,017,384 $18,001,995 $484,192
2021 $5,912,916 $3,261,159 $20,164,285 $2,651,757
2020 $6,387,662 $2,669,844 $14,230,580 $3,717,818
2019 $2,654,583 $3,560,074 $9,804,422 $-905,491
2018 $3,669,642 $3,090,757 $10,247,428 $578,885
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