RISEWELL COMMUNITY SERVICES INC FK… - 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

1972

Legal Domicile

Principal Officer

PHILIP MATCOVSKY

Phone

6316695355

Tax Period

2024-01-01 to 2024-12-31

RISEWELL COMMUNITY SERVICES INC FKA FEDERATION OF ORGANIZATIONS FOR THE NEW, founded in 1972, is a mid-sized nonprofit that reported $61.2M in total revenue in fiscal year 2024.

Mission

RISEWELL ASSISTS INDIVIDUALS AND FAMILIES IN MEETING THEIR OWN NEEDS WITHIN COMMUNITIES THROUGH SELF-HELP, PROVISION OF QUALITY SERVICES, ADVOCACY AND DEVELOPMENT OF RESOURCES. WE HELP INDIVIDUALS AND COMMUNITIES FLOURISH BY HELPING PEOPLE TO HELP THEMSELVES BECOME PRODUCTIVE PARTICIPANTS IN COMMUNITY LIFE.

Program Service Accomplishments

Program 1

Expenses: $29,173,948 Revenue: $5,788,960

RESIDENTIAL - RISEWELL ASSISTS INDIVIDUALS AND FAMILIES, WITH ELDERLY AND/OR DISABLED MEMBERS, TO MEET THEIR OWN NEEDS THROUGH SELF HELP, PROVISION OF QUALITY SERVICES, ADVOCACY AND DEVELOPMENT OF...

RESIDENTIAL - RISEWELL ASSISTS INDIVIDUALS AND FAMILIES, WITH ELDERLY AND/OR DISABLED MEMBERS, TO MEET THEIR OWN NEEDS THROUGH SELF HELP, PROVISION OF QUALITY SERVICES, ADVOCACY AND DEVELOPMENT OF RESOURCES. THE BELIEF IS THAT INDIVIDUALS AND COMMUNITIES FLOURISH BY HELPING PEOPLE HELP THEMSELVES TO BECOME PRODUCTIVE PARTICIPANTS IN COMMUNITY LIFE. RISEWELL OFFERS INDIVIDUALS RECOVERING FROM MENTAL ILLNESS THE OPPORTUNITY TO RETURN TO WORK IN A SUPPORTIVE ENVIRONMENT. THROUGH THE COMPANION PROGRAM PEOPLE ARE PROVIDED WITH PREVOCATIONAL ON-SITE TRAINING, SUPPORT, A DAILY STIPEND AND TRAVEL REIMBURSEMENT WHILE WORKING WITH OTHER INDIVIDUALS IN THE COMMUNITY RECOVERING FROM A MENTAL ILLNESS. RISEWELL'S OUTREACH PROGRAMS PROVIDE EMERGENCY CRISIS ASSISTANCE, IMMEDIATE SUPPORT ADVOCACY, AND INFORMATION AND REFERRALS TO THE HOMELESS, AND INDIVIDUALS AND FAMILIES RECOVERING FROM MENTAL ILLNESS THROUGH A MOBILE OUTREACH UNIT, PHONE CONTACT AND OFFICE VISITS.

Program 2

Expenses: $21,990,579 Revenue: $12,064,847

COMMUNITY MENTAL HEALTH - INDIVIDUALS ARE OFTEN DISCHARGED FROM PSYCHIATRIC FACILITIES WITHOUT ADEQUATE SUPERVISION OR COMMUNITY SUPPORT. WHILE IN OUR RESIDENTIAL PROGRAMS, RESIDENTS LEARN HOW TO...

COMMUNITY MENTAL HEALTH - INDIVIDUALS ARE OFTEN DISCHARGED FROM PSYCHIATRIC FACILITIES WITHOUT ADEQUATE SUPERVISION OR COMMUNITY SUPPORT. WHILE IN OUR RESIDENTIAL PROGRAMS, RESIDENTS LEARN HOW TO MANAGE DAILY LIVING SKILLS SUCH AS MEAL PREPARATION, BUDGETING, HOUSE CLEANING, SHOPPING, AND SOCIALIZATION SKILLS. OUR PROGRAMS HAVE A VARIETY OF LEVELS OF SUPERVISION, FROM 24 HOUR SUPERVISION TO MONTHLY VISITS.

Program 3

Expenses: $973,250 Revenue: $0

CONSUMER AFFAIRS - OUR CONSUMER AFFAIRS DIVISION CONSISTS OF A VARIETY OF SERVICES DELIVERED TO MENTAL HEALTH CLIENTS BY PEER WORKERS, WHO ARE THEMSELVES IN RECOVERY OF MENTAL ILLNESS. THE NATURE OF THE INTERACTION BETWEEN TWO PEOPLE WITH SIMILAR EXPERIENCES (PEERS) DIFFERS FROM THAT OF THE PROFESSIONAL INTERACTION IN THAT THE PEER WORKER IS VIEWED AS A ROLE MODEL WHO IS ABLE TO SHARE HIS PERSONAL RECOVERY EXPERIENCES.

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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 $40,484,857

Program Service Revenue $17,888,819

Investment Income $2,030,210

Other Revenue $825,291

TOTAL REVENUE $61,229,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,053,524

Fundraising Expenses $428,323

Program Expenses $53,054,163

Other Expenses $29,294,822

TOTAL EXPENSES $61,348,346

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,229,177	$57,056,746	+0.1%
Expenses	$61,348,346	$56,315,710	+0.1%
Net Income	$-119,169	$741,036	-1.2%

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

186

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

$1,545,964

Total Directors

Key Employees

$1,222,816

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG DURSO	SECRETARY/TREASURER TO 9/17/24	5.00	Officer Director	$0	$0	$0
MR RICHARD TURAN	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
MS NANCY SCHOENBERG	BOARD SECRETARY	5.00	Officer Director	$0	$0	$0
MR LEONARD ACHAN	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
MR EDWARD VARON	BOARD DIRECTOR	5.00	Director	$0	$0	$0
MS ERIKA BROOKS	BOARD DIRECTOR	5.00	Director	$0	$0	$0
BARBARA FARON	CEO TO 08/05/24	35.00	Officer	$334,162	$48,057	$382,219
ANTHONY ANGELO	CHIEF MEDICAL OFFICER	35.00	Officer	$380,349	$10,366	$390,715
PHILIP MATCOVSKY	PRESIDENT & CEO AS OF 8/24	35.00	Officer	$384,835	$28,029	$412,864
STEPHEN MCCARTHY	CHIEF FINANCIAL OFFICER	35.00	Officer	$309,255	$50,911	$360,166
TRACY ANN FALKNER	CHIEF OPERATING OFFICER	35.00	Key Emp	$248,428	$47,114	$295,542
ELIZABETH GALATI	CHIEF ADMINISTRATIVE OFFICER	35.00	Key Emp	$254,470	$20,511	$274,981
KARINE GRIGORYANTS	ASSISTANT MEDICAL DIRECTOR	35.00	Key Emp	$408,063	$10,366	$418,429
CARISSA ROMANO	DIRECTOR OF INTEGRATED CARE	35.00	Key Emp	$218,812	$15,052	$233,864
MARIE KARINE CHARLOT	PSYCHIATRIST	35.00	Highest	$254,963	$16,051	$271,014
CHRISTINA MCCOURT	REGISTERED NURSE	35.00	Highest	$144,581	$12,650	$157,231
MICHELLE COHN	DIRECTOR OF HR	35.00	Highest	$158,319	$5,987	$164,306
OLABISI OSHIKANLU	NURSE PRACTITIONER	35.00	Highest	$164,044	$13,194	$177,238
CARLETTA GREEN	DIRECTOR OF MANAGED CARE PARTNERSHIP	35.00	Highest	$152,152	$4,593	$156,745

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
2024	$61,229,177	$61,348,346	$55,616,090	$-119,169
2023	$57,056,746	$56,315,710	$53,447,060	$741,036
2023	$56,771,813	$56,315,710	$45,671,183	$456,103
2022	$51,791,041	$52,021,817	$41,814,440	$-230,776
2021	$51,638,775	$48,089,725	$34,800,632	$3,549,050
2020	$48,466,295	$48,718,141	$36,342,801	$-251,846
2019	$47,888,728	$48,888,054	$35,562,414	$-999,326
2018	$47,405,521	$48,174,378	$34,756,118	$-768,857

RISEWELL COMMUNITY SERVICES INC FKA FEDERATION OF ORGANIZATIONS FOR THE NEW