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Nonprofiteer
← CARES OF NY INC

Form 990 for tax year 2022

Filed by CARES OF NY INC.

Totals

Total revenue
$14,973,146
Total expenses
$14,409,912
Contributions and grants received
$13,767,046
Grants paid
$10,328,423
Program service revenue
$1,205,313
Investment income
$787
Other revenue
$0
Total assets, end of year
$8,227,771
Total liabilities, end of year
$1,551,843
Net assets or fund balances, end of year
$6,675,928
Program services expenses (Part IX)
$13,998,582
Management and general expenses
$411,330
Fundraising expenses
$0
Program service expenses (Part III)
$13,998,582

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $13,694,957

  • 1f · All other contributions, gifts and grants

    $72,089

  • 2a · Program service revenue: FEE FOR SERVICE

    total $868,919 · related or exempt $868,919

  • 2b · Program service revenue: TENANT RENTS

    total $336,394 · related or exempt $336,394

  • 3 · Investment income

    total $787 · excluded $787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,328,423 · program services $10,328,423

  • 7 · Other salaries and wages

    total $2,682,977 · program services $2,454,877 · management and general $228,100

  • 10 · Payroll taxes

    total $563,332 · program services $515,878 · management and general $47,454

  • 11g · Fees: other

    total $70,448 · program services $31,392 · management and general $39,056

  • 12 · Advertising and promotion

    total $310 · program services $310

  • 13 · Office expenses

    total $413 · program services $132 · management and general $281

  • 14 · Information technology

    total $14,974 · program services $9,226 · management and general $5,748

  • 16 · Occupancy

    total $39,970 · program services $13,119 · management and general $26,851

  • 17 · Travel

    total $29,788 · program services $24,707 · management and general $5,081

  • 19 · Conferences, conventions and meetings

    total $36,032 · program services $28,161 · management and general $7,871

  • 20 · Interest

    total $431 · management and general $431

  • 22 · Depreciation, depletion and amortization

    total $185,136 · program services $181,434 · management and general $3,702

  • 23 · Insurance

    total $37,029 · program services $24,103 · management and general $12,926

  • 24a · Other expenses: SUPPLIES

    total $199,813 · program services $176,254 · management and general $23,559

  • 24b · Other expenses: PROPERTY MANAGEMENT COS

    total $134,699 · program services $134,699

  • 24c · Other expenses: UTILITIES

    total $36,757 · program services $36,601 · management and general $156

  • 24d · Other expenses: TENANT ASSISTANCE

    total $25,078 · program services $25,078

  • 24e · All other expenses

    total $24,302 · program services $14,188 · management and general $10,114

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,190,227 · end of year $246,488

  • 4 · Accounts receivable

    beginning of year $1,253,775 · end of year $2,078,148

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,276 · end of year $21,011

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

    $6,861,066

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

    $1,411,091

  • 10c · Land, buildings and equipment, net

    beginning of year $4,973,370 · end of year $5,449,975

  • 15 · Other assets

    beginning of year $291,634 · end of year $432,149

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,233,965 · end of year $953,511

  • 19 · Deferred revenue

    beginning of year $356,466 · end of year $199,584

  • 21 · Escrow or custodial account liability

    beginning of year $17,006 · end of year $35,714

  • 24 · Unsecured notes and loans payable

    end of year $80,000

  • 25 · Other liabilities

    beginning of year $11,151 · end of year $283,034

  • 27 · Net assets without donor restrictions

    beginning of year $6,108,355 · end of year $6,671,661

  • 28 · Net assets with donor restrictions

    beginning of year $4,339 · end of year $4,267

Mission and programs · 2022

Mission

CARES, INC. PROMOTES THE PLANNING, IDENTIFICATION, DEVELOPMENT, IMPLEMENTATION, FUNDING, EVALUATION AND ADMINISTRATION OF HOUSING AND SUPPORTIVE SERVICES FOR INDIVIDUALS AND FAMILIES LIVING IN POVERTY OR WITH SPECIAL NEEDS.

Activities or mission (Part I)

SEE SCHEDULE O.

  • IN THE LAST YEAR CARES PROVIDED HIV AND HOUSING RELATED TECHNICAL ASSISTANCE AND CONSULTING TO GOVERNMENTAL AND NOT-FOR-PROFIT AGENCIES THAT SERVED PERSONS LIVING WITH HIV/AIDS.

    Expenses $12,591,145 · Grants $10,109,698 · Revenue $868,919

  • AIDS HOUSING PROPERTY MANAGEMENT MAINTAINS OVER 24 APARTMENT UNITS THAT ARE SERVING INDIVIDUALS AND FAMILIES WHO ARE HOMELESS AND WHO ARE LIVING WITH HIV/AIDS.

    Expenses $1,407,437 · Grants $218,725 · Revenue $336,394

As filed on the 2022 return.

Listed in Part VII

  • Audra Higgins

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Steve Goetz

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Scott Joralemon

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ruth Kassel

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Kathy Leyden

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Nancy Harrington

    EXECUTIVE DIRECTOR

    Total calculated
    $153,645
    From this org
    $153,645
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,645
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,645

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
31 January 2024
IRS schema version
2022v5.0
Source object
202400369349300245

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