HOUSING & SERVICES INC

EIN: 510201833 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$9,413,839
Total Expenses
$10,471,439
Total Assets
$19,587,683
Net Assets
$-4,812,291
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
NY
Principal Officer
JAMES M DILL
Phone
2122529377
Tax Period
2023-01-01 to 2023-12-31

HOUSING & SERVICES INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $9.4M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $10.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

WE DEVELOP AND SUSTAIN EXCEPTIONAL SUPPORTIVE AND AFFORDABLE HOUSING WITH INTEGRATED SOCIAL SERVICES TO ADVANCE THE HEALTH AND WELL-BEING OF NEW YORKERS WHO ARE VULNERABLE TO HOMELESSNESS, WHILE STRENGTHENING THE COMMUNITIES THEY LIVE IN.

Program Service Accomplishments

Program 1
Expenses: $5,521,268 Revenue: $4,593,897

KENMORE HALL: KENMORE HALL IS A 326 EFFICIENCY UNIT LOW INCOME HOUSING PROJECT IN NEW YORK, PRIMARILY FOR FORMERLY HOMELESS, SINGLE ADULTS. THE HALL'S ACTIVITIES CONSIST OF: (1) SOCIAL SERVICES...

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KENMORE HALL: KENMORE HALL IS A 326 EFFICIENCY UNIT LOW INCOME HOUSING PROJECT IN NEW YORK, PRIMARILY FOR FORMERLY HOMELESS, SINGLE ADULTS. THE HALL'S ACTIVITIES CONSIST OF: (1) SOCIAL SERVICES FUNDED BY CONTRACTS WITH DHS AND HASA AND A GRANT FROM HUD AND (2) LOW INCOME HOUSING, SPECIFICALLY FOR RESIDENTIAL TENANTS WHOSE GOVERNMENT RENT SUBSIDIES ARE OBTAINED FROM HUD'S SECTION 8 PROGRAM ADMINISTERED BY HPD. HSI OWNS A 99.9% LIMITED PARTNERSHIP INTEREST IN KENMORE ASSOCIATES LP WHICH OPERATES THE HALL. THE GENERAL PARTNER AND OTHER OWNER OF KENMORE ASSOCIATES LP IS KENMORE HOUSING CORPORATION, A WHOLLY OWNED SUBSIDIARY OF KENMORE HOUSING DEVELOPMENT FUND CORP WHICH IS AN EXEMPT ORGANIZATION RELATED TO HSI.

Program 2
Expenses: $3,571,878 Revenue: $208,077

SOCIAL SERVICE CONTRACTS: HSI HAS A CONTRACT WITH THE HIV/AIDS SERVICES ADMINISTRATION OF THE HUMAN RESOURCES ADMINISTRATION, A DEPARTMENT OF THE CITY OF NEW YORK, TO PROVIDE SCATTER-SITE HOUSING...

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SOCIAL SERVICE CONTRACTS: HSI HAS A CONTRACT WITH THE HIV/AIDS SERVICES ADMINISTRATION OF THE HUMAN RESOURCES ADMINISTRATION, A DEPARTMENT OF THE CITY OF NEW YORK, TO PROVIDE SCATTER-SITE HOUSING SERVICES FOR UP TO 100 CLIENTS, CONSISTING OF 75 SINGLE ADULTS AND 25 FAMILIES WHO HAVE EXPERIENCED HOMELESSNESS AND LIVING WITH HIV/AIDS, SITUATED IN UPPER MANHATTAN AND THE BRONX, NEW YORK.

Program 3
Expenses: $1,287,429 Revenue: $1,232,462

PROPERTY MANAGEMENT SERVICES: HSI PROVIDES PROPERTY MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE LOW INCOME PERMANENT SUPPORTIVE HOUSING PROJECTS KNOWN AS THE CECIL, KENMORE HALL, THE NARRAGANSETT...

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PROPERTY MANAGEMENT SERVICES: HSI PROVIDES PROPERTY MANAGEMENT AND ADMINISTRATIVE SERVICES TO THE LOW INCOME PERMANENT SUPPORTIVE HOUSING PROJECTS KNOWN AS THE CECIL, KENMORE HALL, THE NARRAGANSETT, AND THE BEDFORD. THESE PROJECTS ARE OPERATED BY ORGANIZATIONS CONTROLLED BY HSI.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,374,971
Program Service Revenue $6,034,436
Investment Income $3,432
Other Revenue $1,000
TOTAL REVENUE $9,413,839

Expense Breakdown

Grants Paid $1,936,343
Salaries & Benefits $1,700,636
Fundraising Expenses $43,240
Program Expenses $10,403,029
Other Expenses $6,834,460
TOTAL EXPENSES $10,471,439

Year-over-Year Comparison

2023 2022 Change
Revenue $9,413,839 $10,959,571 -0.1%
Expenses $10,471,439 $9,934,821 +0.1%
Net Income $-1,057,600 $1,024,750 -2.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
78
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
4
$534,936
Total Directors
11
$0
Key Employees
2
$334,694
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY R HARDIN CHAIR 1.00
Officer Director
$0 $0 $0
SHERI BEST TRUSTEE 1.00
Director
$0 $0 $0
CLIFF BRODER TRUSTEE 1.00
Director
$0 $0 $0
DAWN M CARRILLO TRUSTEE 1.00
Director
$0 $0 $0
CHRISTINE CHIPURNOI TRUSTEE 1.00
Director
$0 $0 $0
MARTIN MELTZER TRUSTEE 1.00
Director
$0 $0 $0
BART THANHAUSER TRUSTEE 1.00
Director
$0 $0 $0
HOWARD M SCHLESINGER TRUSTEE 1.00
Director
$0 $0 $0
SIMONE SILVERA TRUSTEE 1.00
Director
$0 $0 $0
WILL THANHAUSER TRUSTEE 1.00
Director
$0 $0 $0
DAN MOGOLESKO TRUSTEE 1.00
Director
$0 $0 $0
JAMES M DILL EXECUTIVE DIRECTOR 25.00
Officer
$172,990 $21,550 $194,540
MOLLY MATTIMORE DEPUTY EXECUTIVE DIRECTOR 25.00
Officer
$177,244 $9,936 $187,180
MARK SHAPIRO CHIEF FINANCIAL OFFICER 25.00
Officer
$134,808 $18,408 $153,216
DAN DANAHER DIRECTOR OF OPERATIONS 1.00
Key Emp
$150,558 $4,935 $155,493
KRISTI CILENTI DIRECTOR OF PROGRAMS 5.00
Key Emp
$153,520 $25,681 $179,201
RALPH GARCIA SECURITY DIRECTOR 1.00
Highest
$132,570 $3,156 $135,726
ALMIR LALICIC DIRECTOR OF PROPERTY MANAGEMENT 1.00
Highest
$118,707 $24,743 $143,450
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 $9,413,839 $10,471,439 $19,587,683 $-1,057,600
2022 $10,959,571 $9,934,821 $19,340,457 $1,024,750
2021 $3,988,295 $4,106,503 $4,445,840 $-118,208
2020 $3,798,686 $4,028,334 $4,165,092 $-229,648
2019 $4,000,971 $3,922,913 $3,663,422 $78,058
2018 $3,861,178 $3,898,865 $2,835,005 $-37,687
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