SUPPORTIVE HOUSING NETWORK OF NEW … - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

PASCALE LEONE

Phone

6466199640

Tax Period

2024-01-01 to 2024-12-31

SUPPORTIVE HOUSING NETWORK OF NEW YORK INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 21% operating deficit.

Mission

FOUNDED IN 1988, THE NETWORK'S MISSION IS TO INCREASE THE PUBLIC'S UNDERSTANDING OF SUPPORTIVE HOUSING; SHARE BEST PRACTICES THAT CONTINUALLY IMPROVE SUPPORTIVE HOUSING'S EFFECTIVENESS; AND, MOST IMPORTANTLY, ENCOURAGE THE CREATION OF ENOUGH SUPPORTIVE HOUSING TO END HOMELESSNESS AMONG THE MOST VULNERABLE NEW YORKERS. THE NETWORK WORKS TOWARD THESE GOALS THROUGH ADVOCACY, TRAINING, TECHNICAL ASSISTANCE, PUBLIC EDUCATION, RESEARCH, AND POLICY ANALYSIS.

Program Service Accomplishments

Program 1

Expenses: $1,947,857 Revenue: $50,000

IN 2024, WE RELEASED OUR INAUGURAL STATE OF SUPPORTIVE HOUSING REPORT BRINGING TOGETHER DATA FROM ACROSS THE SECTOR INTO A SINGLE, COMPREHENSIVE RESOURCE. THE REPORT FILLED A CRITICAL KNOWLEDGE GAP AND PROVIDED A BASELINE TO INFORM POLICY AND FUNDING DECISIONS. WE LAUNCHED THE FIRST YEAR OF OUR SAFETY & WELLBEING TRAINING SERIES AND COMMUNITY OF PRACTICE. THIS INITIATIVE BROUGHT TOGETHER 30 SUPPORTIVE HOUSING AGENCIES AND 45 FRONTLINE STAFF AND LEADERS TO STRENGTHEN SAFETY PRACTICES THROUGH TAILORED TRAININGS, PEER EXCHANGE, AND HANDS-ON LEARNING. WE CONVENED FIVE REGIONAL TENANT ROUNDTABLES ACROSS THE STATEGATHERING INSIGHTS FROM NEARLY 100 TENANTS, CREATING A SPACE FOR THEM TO SHARE FIRSTHAND PERSPECTIVES ON SAFETY, SERVICES, STAFF SUPPORT, AND HOUSING PLACEMENTENSURING THAT THEIR VOICES SHAPE FUTURE IMPROVEMENTS IN THE SECTOR. OUR NYSSHP CAMPAIGN ELEVATED AWARENESS OF THE PROGRAM'S FUNDING NEEDS IN ALBANY, RESULTING IN A $2.8 MILLION INCREASE IN THE ADOPTED BUDGET AND INCLUSION IN BOTH THE PEOPLE'S BUDGET AND SENATE ONE HOUSE RESOLUTION. THE NETWORK SECURED AN ADDITIONAL $128 MILLION IN CAPITAL FUNDING FOR SUPPORTIVE HOUSING THROUGH THE NYC 15/15 REALLOCATION PLAN, REFLECTED IN BOTH THE CITY COUNCIL'S BUDGET RESPONSE AND A DEAR COLLEAGUE LETTER SIGNED BY 21 COUNCIL MEMBERS. OUR 2024 CONFERENCE BROKE ATTENDANCE RECORDS, DRAWING OVER 2,000 REGISTRANTS AND 1,800 ATTENDEES, WITH AN INCREASE IN PEER AND TENANT PARTICIPATION. WE ALSO SURPASSED FUNDRAISING GOALS AT OUR ANNUAL GALA, WHICH DREW NEARLY 600 ATTENDEES.

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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 $2,220,304

Program Service Revenue $50,000

Investment Income $135,429

Other Revenue $23,334

TOTAL REVENUE $2,429,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,818,023

Fundraising Expenses $384,991

Program Expenses $1,947,857

Other Expenses $1,085,279

TOTAL EXPENSES $2,937,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,429,067	$3,628,514	-0.3%
Expenses	$2,937,727	$2,596,181	+0.1%
Net Income	$-508,660	$1,032,333	-1.5%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$667,503

Total Directors

Key Employees

$166,174

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA ROSEN	CHAIR	1.00	Officer Director	$0	$0	$0
FRED SHACK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RALPH FASANO	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID WALSH	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK FULLER	BOARD MEMBER	1.00	Director	$0	$0	$0
BAABA HALM	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HARRINGTON	BOARD MEMBER (LEFT DEC 2024)	1.00	Director	$0	$0	$0
CAL HEDIGAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MYRA HENRY	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN HOFFMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANE LOUARD-MICHEL	BOARD MEMBER	1.00	Director	$0	$0	$0
TORI LYON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA MAGISTRO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE OPLUSTIL	BOARD MEMBER (LEFT MAY 2024)	1.00	Director	$0	$0	$0
BLANCA RAMIREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
JEANNETTE RUFFINS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN SEGEL	BOARD MEMBER (LEFT JUNE 2024)	1.00	Director	$0	$0	$0
EMILY CHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
TERRY TROIA	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLE COPPENS	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN WIVIOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
PASCALE LEONE	EXECUTIVE DIRECTOR	40.00	Officer	$212,180	$68,716	$280,896
KIMBERLY LABEACH	CHIEF FINANCIAL & ADMIN OFFICER	40.00	Officer	$156,893	$29,133	$186,026
CYNTHIA STUART	CHIEF OPERATING OFFICER	40.00	Officer	$158,347	$42,234	$200,581
REBECCA ZANGEN	CHIEF POLICY OFFICER	40.00	Key Emp	$156,850	$9,324	$166,174
JOELLE BALLAM-SCHWAN	ASSC. DIR. ENGAGEMENT & COMMUNICATIONS	40.00	Highest	$108,180	$26,030	$134,210
TIERRA LABRADA	ASSC. DIR. OF POLICY & ADVOCACY	40.00	Highest	$108,180	$39,600	$147,780

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	$2,429,067	$2,937,727	$6,537,820	$-508,660
2023	$3,628,514	$2,596,181	$6,962,679	$1,032,333
2022	$2,119,125	$2,241,582	$5,789,875	$-122,457
2021	$4,091,733	$2,252,011	$5,427,902	$1,839,722
2020	$1,897,957	$2,120,855	$3,883,506	$-222,898
2019	$2,609,113	$2,024,866	$3,903,950	$584,247
2018	$1,567,629	$1,940,814	$3,048,551	$-373,185

SUPPORTIVE HOUSING NETWORK OF NEW YORK INC