HOMELESS SERVICES UNITED INC

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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

1996

Legal Domicile

Principal Officer

KRISTIN MILLER

Phone

2123671539

Tax Period

2023-07-01 to 2024-06-30

HOMELESS SERVICES UNITED INC, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $452K in total revenue in fiscal year 2023. Expenses of $501K exceeded revenue, resulting in a 11% operating deficit.

Mission

HOMELESS SERVICES UNITED IS A COALITION OF NON-PROFIT AGENCIES SERVING HOMELESS AND AT-RISK ADULTS AND FAMILIES IN NEW YORK CITY. HSU PROVIDES ADVOCACY, INFORMATION, AND TRAINING TO MEMBER AGENCIES TO EXPAND THEIR CAPACITY TO DELIVER HIGH-QUALITY SERVICES.HSU ADVOCATES FOR EXPANSION OF AFFORDABLE HOUSING AND PREVENTION SERVICES AND FOR IMMEDIATE ACCESS TO SAFE, DECENT, EMERGENCY AND TRANSITIONAL HOUSING, OUTREACH AND DROP-IN SERVICES FOR HOMELESS NEW YORKERS. HOMELESS SERVICES UNITED PROMOTES EFFECTIVE SOLUTIONS TO END THE CRISIS OF HOMELESSNESS IN NEW YORK CITY.

Program Service Accomplishments

Program 1

Expenses: $285,056

HSU HAS IMPROVED THE CONTRACTING PROCESS AND PAYMENT DELAYS TO OUR MEMBERS FROM THE CITY OF NEW YORK TO STRENGTHEN OUR NONPROFIT MEMBERSHIP ORGANIZATIONS. WE ADVOCATED TO LOCAL GOVERNMENT TO IMPROVE THE PROCESS BY WHICH PEOPLE MOVE FROM STREET HOMELESS TO SHELTER AND SUPPORTED OUR MEMBERS IN PLACING SHELTER RESIDENTS INTO SUPPORTIVE HOUSING.WE PROVIDED TECHNICAL ASSISTANCE AND EDUCATION TO OUR MEMBERS ON THE NEW MEDICAID 1115 WAIVER PROGRAM IMPLEMENTATION. WE ALSO PROVIDED UP-TO-DATE IMMIGRATION POLICIES AND PROCEDURES IN A RAPIDLY CHANGING ENVIRONMENT AS NYC WAS INUNDATED WITH RECORD NUMBER OF NEW ARRIVALS. WE ADVISED LOCAL AND STATE LEGISLATORS ON HOUSING SUBSIDIES FOR HOMELESS HOUSEHOLDS, INCLUDING CITYFHEPS; ADVOCATED FOR IMPROVED SUBSIDY PROCESSING AND LED A STATEWIDE HOUSING SUBSIDY ADVOCACY EFFORT AS PART OF THE HAVP STEERING COMMITTEE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $196,700

Program Service Revenue $254,268

Investment Income $106

Other Revenue $1,196

TOTAL REVENUE $452,270

Expense Breakdown

Grants Paid $0

Salaries & Benefits $302,689

Fundraising Expenses $36,178

Program Expenses $285,056

Other Expenses $198,361

TOTAL EXPENSES $501,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$452,270	$443,456	+0.0%
Expenses	$501,050	$445,657	+0.1%
Net Income	$-48,780	$-2,201	+21.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACLYN STOLL	DIRECTOR	0.50	Director	$0	$0	$0
KATIE BOWER	DIRECTOR	0.50	Director	$0	$0	$0
VALERIE BARTON-RICHARDSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
SCOTT AUTWARTER	DIRECTOR	0.50	Director	$0	$0	$0
JAMES COUGHLIN	DIRECTOR	0.50	Director	$0	$0	$0
DANIELLE MINELLI-PAGNOTTA	SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE NASHAK	DIRECTOR	0.50	Director	$0	$0	$0
MITCHELL NETBURN	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL FARRELL	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
STEVE ROCKMAN	DIRECTOR	0.50	Director	$0	$0	$0
BRENDA ROSEN	DIRECTOR	0.50	Director	$0	$0	$0
JODY RUDIN	DIRECTOR	0.50	Director	$0	$0	$0
NOELLE WITHERS	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN WIVIOTT	DIRECTOR	0.50	Director	$0	$0	$0
RODERICK JONES	TREASURER	1.00	Officer Director	$0	$0	$0
JEANETTE RUFFINS	DIRECTOR	0.50	Director	$0	$0	$0
KRISTIN MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$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	No data	No data	No data	No data
2024	$452,270	$501,050	$699,938	$-48,780
2023	$443,456	$445,657	$777,522	$-2,201
2022	$436,225	$432,271	$841,843	$3,954
2021	$494,277	$436,438	$734,112	$57,839
2020	$368,270	$357,363	$670,066	$10,907
2019	$428,710	$323,299	$664,706	$105,411
2018	$352,022	$274,288	$554,373	$77,734