JACK FALVO III FOUNDATION OF SCHENECTADY INC

EIN: 204918456 501(c)(3) Health Care

GANSEVOORT, NY

Total Revenue
$120,498
Total Expenses
$101,866
Total Assets
$887,610
Net Assets
$887,610
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
NY
Principal Officer
JOHN FALVO
Phone
5185830540
Tax Period
2023-01-01 to 2023-12-31

JACK FALVO III FOUNDATION OF SCHENECTADY INC, founded in 2006, is a small nonprofit in the Health Care sector that reported $120K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $19K, a strong 15% operating margin.

Mission

THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. OWNS AND OPERATES A HOSPITALITY HOUSE KNOWN AS JACK'S PLACE. JACK'S PLACE IS A FACILITY THAT PROVIDES TEMPORARY HOUSING TO FAMILIES OF REHABILITATING CHILDREN WHO MUST LEAVE THEIR OWN COMMUNITY TO SEEK MEDICAL CARE FOR THEIR CHILDREN. THE HOUSE SERVES THE FAMILIES OF CHILDREN RECEIVING TREATMENT AT SUNNYVIEW REHABILITATION HOSPITAL, ELLIS HOSPITAL AND OTHER MEDICAL FACILITIES IN THE SCHENECTADY, NEW YORK AREA.

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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 $111,835
Program Service Revenue $0
Investment Income $525
Other Revenue $8,138
TOTAL REVENUE $120,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,847
Fundraising Expenses $0
Program Expenses $67,019
Other Expenses $67,019
TOTAL EXPENSES $101,866

Year-over-Year Comparison

2023 2022 Change
Revenue $120,498 $126,869 -0.1%
Expenses $101,866 $89,872 +0.1%
Net Income $18,632 $36,997 -0.5%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
11
Employees
2
Volunteers
30

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
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANICE ABBALE SECRETARY 5.00
Officer Director
$0 $0 $0
JOHN FALVO TREASURER 15.00
Officer Director
$0 $0 $0
JULIA FALVO SECRETARY 5.00
Officer Director
$0 $0 $0
KATHLEEN FALVO VICE PRESIDE 6.00
Officer Director
$0 $0 $0
NICHOLAS FALVO DIRECTOR 2.00
Director
$0 $0 $0
ROBERT GACH DIRECTOR 2.00
Director
$0 $0 $0
MEGAN HORAN DIRECTOR 2.00
Director
$0 $0 $0
JACK FALVO JR PRESIDENT 30.00
Officer Director
$0 $0 $0
JACQUELINE F NORMAN DIRECTOR 15.00
Director
$0 $0 $0
STANLEY NORMAN DIRECTOR 8.00
Director
$0 $0 $0
JOHN ROTH DIRECTOR 2.00
Director
$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
2024 No data No data No data No data
2023 $120,498 $101,866 $887,610 $18,632
2022 $126,869 $89,872 $868,978 $36,997
2021 $104,006 $70,763 $831,981 $33,243
2020 $97,412 $73,965 $798,738 $23,447
2019 $118,558 $100,427 $775,291 $18,131
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