DAYBREAK INDEPENDENT SERVICES INC

EIN: 262564855 501(c)(3) Employment

BRONX, NY

Total Revenue
$14,837,951
Total Expenses
$15,969,824
Total Assets
$7,850,858
Net Assets
$1,715,953
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
VILAS LOBAN
Phone
9147333327
Tax Period
2024-07-01 to 2025-06-30

DAYBREAK INDEPENDENT SERVICES INC, founded in 2008, is a mid-sized nonprofit in the Employment sector that reported $14.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

CONTINUING TO EMPOWER INTELLECTUALLY AND DEVELOPMENTALLY DISABLED ADULTS WITH OPPORTUNITIES FOR INDEPENDENCE BY PROVIDING EXCEPTIONAL COMMUNITY-BASED PERSON CENTERED PROGRAMS, THROUGH DEDICATED STAFF AND RESPONSIBLE MEASURABLE GOVERNANCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,836
Program Service Revenue $14,665,095
Investment Income $89,620
Other Revenue $59,400
TOTAL REVENUE $14,837,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,267,165
Fundraising Expenses $0
Program Expenses $13,566,747
Other Expenses $4,702,659
TOTAL EXPENSES $15,969,824

Year-over-Year Comparison

2024 2023 Change
Revenue $14,837,951 $13,476,954 +0.1%
Expenses $15,969,824 $13,066,634 +0.2%
Net Income $-1,131,873 $410,320 -3.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
4
Independent Members
3
Employees
333
Volunteers
N/A

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
6
$681,383
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEMANT KUMAR PRESIDENT 1.00
Officer Director
$0 $0 $0
MARIA VASQUEZ CPA TREASURER 1.00
Officer Director
$0 $0 $0
EFFIE LOBAN SECRETARY 1.00
Officer Director
$0 $0 $0
SUNITA SUVASLA BOARD MEMBER 1.00
Director
$0 $0 $0
MELLISSA CUMMINGS FINANCIAL CONTROLLER 35.00
Officer
$90,933 $0 $90,933
KRITI JOSHI DIRECTOR OF OPS & DEVELOPM 35.00
Officer
$192,870 $22,565 $215,435
VILAS LOBAN CEO/PRESIDENT 35.00
Officer
$352,450 $22,565 $375,015
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 $14,837,951 $15,969,824 $7,850,858 $-1,131,873
2024 $13,476,954 $13,066,634 $9,802,443 $410,320
2023 $11,604,136 $11,424,898 $9,538,922 $179,238
2022 $12,426,594 $11,137,515 $5,725,664 $1,289,079
2021 $7,495,936 $7,537,223 $5,959,924 $-41,287
2020 $8,909,682 $8,561,643 $4,907,124 $348,039
2019 $7,881,687 $8,727,157 $2,097,155 $-845,470
2018 $7,067,605 $7,725,263 $2,932,923 $-657,658
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare DAYBREAK INDEPENDENT SERVICES INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.