Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $116,355

• 1c · Fundraising events

  $271,485

• 1e · Government grants (contributions)

  $1,690,044

• 1f · All other contributions, gifts and grants

  $2,937,334

• 1g · Noncash contributions included above

  $148,456

• 2a · Program service revenue: YOUTH HOUSING PROGRAM

  total $54,477 · related or exempt $54,477

• 3 · Investment income

  total $44,571 · excluded $44,571

• 7a · Gross sales of assets other than inventory

  securities $350,000

• 7b · Less cost or other basis and sales expenses

  securities $350,000

• 8a · Fundraising events: gross income

  $43,961

• 8a · Fundraising events: contributions included on line 1c

  $271,485

• 8b · Fundraising events: direct expenses

  $71,142

• 8c · Net income from fundraising events

  total -$27,181 · excluded -$27,181

• 11a · Other revenue: MISCELLANEOUS

  total $666 · excluded $666

• 11e · Other revenue, total

  $666

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $396,466 · program services $396,466

• 2 · Grants to domestic individuals

  total $72,999 · program services $72,999

• 5 · Compensation of officers, directors and key employees

  total $198,923 · program services $158,104 · management and general $15,382 · fundraising $25,437

• 7 · Other salaries and wages

  total $1,779,159 · program services $1,414,073 · management and general $137,576 · fundraising $227,510

• 8 · Pension plan contributions

  total $30,460 · program services $24,210 · management and general $2,355 · fundraising $3,895

• 9 · Other employee benefits

  total $226,006 · program services $179,629 · management and general $17,476 · fundraising $28,901

• 10 · Payroll taxes

  total $156,884 · program services $124,691 · management and general $12,131 · fundraising $20,062

• 11b · Fees: legal

  total $4,692 · management and general $4,692

• 11c · Fees: accounting

  total $21,225 · management and general $21,225

• 11g · Fees: other

  total $289,948 · program services $267,019 · management and general $22,929

• 12 · Advertising and promotion

  total $23,532 · fundraising $23,532

• 13 · Office expenses

  total $13,121 · program services $5,223 · management and general $7,375 · fundraising $523

• 14 · Information technology

  total $82,263 · program services $44,360 · management and general $25,670 · fundraising $12,233

• 16 · Occupancy

  total $332,276 · program services $302,580 · management and general $20,423 · fundraising $9,273

• 17 · Travel

  total $15,942 · program services $10,554 · management and general $245 · fundraising $5,143

• 19 · Conferences, conventions and meetings

  total $67,223 · program services $47,624 · management and general $10,758 · fundraising $8,841

• 20 · Interest

  total $34,132 · program services $14,189 · management and general $19,943

• 22 · Depreciation, depletion and amortization

  total $115,465 · program services $115,129 · management and general $336

• 23 · Insurance

  total $34,001 · program services $29,397 · management and general $3,026 · fundraising $1,578

• 24a · Other expenses: YOUTH SUPPORT & MENTORING

  total $332,967 · program services $324,927 · management and general $8,040

• 24b · Other expenses: BANK AND OTHER FEES

  total $28,468 · program services $694 · management and general $5,865 · fundraising $21,909

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $363,234 · end of year $518,204

• 2 · Savings and temporary cash investments

  beginning of year $913,167 · end of year $1,291,339

• 3 · Pledges and grants receivable

  beginning of year $492,086 · end of year $678,637

• 4 · Accounts receivable

  beginning of year $13,090 · end of year $14,210

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,400 · end of year $44,562

• 10a · Land, buildings and equipment: cost or other basis

  $3,258,876

• 10b · Land, buildings and equipment: accumulated depreciation

  $866,356

• 10c · Land, buildings and equipment, net

  beginning of year $2,314,766 · end of year $2,392,520

• 15 · Other assets

  beginning of year $199,446 · end of year $151,894

• 17 · Accounts payable and accrued expenses

  beginning of year $167,876 · end of year $193,273

• 19 · Deferred revenue

  end of year $91,408

• 21 · Escrow or custodial account liability

  beginning of year $12,200 · end of year $13,100

• 23 · Secured mortgages and notes payable

  beginning of year $1,315,534 · end of year $1,021,959

• 25 · Other liabilities

  beginning of year $199,446 · end of year $151,894

• 27 · Net assets without donor restrictions

  beginning of year $2,380,057 · end of year $2,971,183

• 28 · Net assets with donor restrictions

  beginning of year $258,076 · end of year $648,549

The filer's explanations (Part III)

SCHEDULE J, PART III

DURING THE FISCAL YEAR, THE ORGANIZATION PROVIDED A ONE-TIME SUPPLEMENTAL STIPEND OF 75,000 TO THE CHIEF EXECUTIVE OFFICER. THIS STIPEND WAS APPROVED BY THE BOARD OF DIRECTORS FOLLOWING A FORMAL COMPENSATION REVIEW CONDUCTED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WHICH DETERMINED THAT THE CEO'S TOTAL COMPENSATION IN PRIOR YEARS (2012 - 2024) HAD BEEN BELOW THE MARKET RATE FOR COMPARABLE POSITIONS IN ORGANIZATIONS OF SIMILAR SIZE, SCOPE, AND MISSION. THE BELOW-MARKET COMPENSATION DURING THOSE YEARS WAS A DIRECT RESULT OF BUDGETARY CONSTRAINTS AND THE ORGANIZATION'S COMMITMENT TO FISCAL STEWARDSHIP. THE BOARD DETERMINED THAT THIS ONE-TIME ADJUSTMENT WAS REASONABLE, APPROPRIATE, AND IN THE BEST INTEREST OF THE ORGANIZATION TO RECOGNIZE PAST SERVICE AND MAINTAIN LEADERSHIP CONTINUITY. NO SIMILAR ADJUSTMENT IS ANTICIPATED IN FUTURE YEARS.