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← SERVICES FOR THE UNDERSERVED INC

Form 990 for tax year 2022

Filed by SERVICES FOR THE UNDERSERVED INC.

Totals

Total revenue
$34,560,020
Total expenses
$29,080,011
Contributions and grants received
$3,146,933
Grants paid
$0
Program service revenue
$26,709,398
Investment income
$1,241,344
Other revenue
$3,462,345
Total assets, end of year
$104,782,428
Total liabilities, end of year
$35,593,065
Net assets or fund balances, end of year
$69,189,363
Program services expenses (Part IX)
$0
Management and general expenses
$28,358,830
Fundraising expenses
$721,181
Program service expenses (Part III)
$0

Program services were 0.0% 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.

  • 1c · Fundraising events

    $719,660

  • 1e · Government grants (contributions)

    $2,132,670

  • 1f · All other contributions, gifts and grants

    $294,603

  • 2a · Program service revenue: MANAGEMENT FEES

    total $26,709,398 · related or exempt $26,709,398

  • 3 · Investment income

    total $1,199,608 · unrelated business $0 · excluded $1,199,608

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $16,639 · other assets $25,097

  • 7c · Gain or loss

    securities $16,639 · other assets $25,097

  • 7d · Net gain or loss

    total $41,736 · excluded $41,736

  • 8a · Fundraising events: gross income

    $516,793

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

    $719,660

  • 8b · Fundraising events: direct expenses

    $289,499

  • 8c · Net income from fundraising events

    total $227,294 · excluded $227,294

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: DEVELOPMENT FEES

    total $2,541,560 · related or exempt $2,541,560

  • 11b · Other revenue: OTHER INCOME

    total $693,491 · related or exempt $693,491

  • 11e · Other revenue, total

    $3,235,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,034,065 · management and general $1,034,065

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $9,424,509 · management and general $8,858,090 · fundraising $566,419

  • 8 · Pension plan contributions

    total $338,343 · management and general $338,343

  • 9 · Other employee benefits

    total $1,235,030 · management and general $1,166,100 · fundraising $68,930

  • 10 · Payroll taxes

    total $663,313 · management and general $614,307 · fundraising $49,006

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $311,037 · management and general $311,037

  • 11c · Fees: accounting

    total $701,389 · management and general $701,389

  • 11d · Fees: lobbying

    total $23,400 · management and general $23,400

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,038,329 · management and general $2,038,329

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,109,081 · management and general $1,105,221 · fundraising $3,860

  • 14 · Information technology

    total $2,387,768 · management and general $2,367,767 · fundraising $20,001

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $2,405,415 · management and general $2,405,415

  • 17 · Travel

    total $159,591 · management and general $159,381 · fundraising $210

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $138,723 · management and general $138,723

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $494,151 · management and general $494,151

  • 23 · Insurance

    total $4,319,850 · management and general $4,319,850

  • 24a · Other expenses: STAFF RECRUITMENT AND TRAIN.

    total $1,029,869 · management and general $1,029,869

  • 24b · Other expenses: TEMPORARY LABOR

    total $649,333 · management and general $649,333

  • 24c · Other expenses: DUES & SUBSCRIPTIONS

    total $175,159 · management and general $169,053 · fundraising $6,106

  • 24d · Other expenses: MISCELLANEOUS

    total $441,656 · management and general $435,007 · fundraising $6,649

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $57,510,501 · end of year $41,733,865

  • 2 · Savings and temporary cash investments

    beginning of year $2,095,025 · end of year $6,137,379

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,468,075 · end of year $8,595,403

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,930,978 · end of year $2,363,345

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

    $6,932,446

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

    $3,662,629

  • 10c · Land, buildings and equipment, net

    beginning of year $3,567,727 · end of year $3,269,817

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $20,354,377

  • 12 · Investments: other securities

    beginning of year $0 · end of year $8,499,314

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $23,494,496 · end of year $13,828,928

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,548,696 · end of year $11,373,450

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $300,000 · end of year $334,772

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,600,537 · end of year $1,356,447

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $1,001,945 · end of year $908,634

  • 24 · Unsecured notes and loans payable

    beginning of year $10,000,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $16,232,493 · end of year $21,619,762

  • 27 · Net assets without donor restrictions

    beginning of year $53,383,131 · end of year $69,189,363

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

WE DRIVE SCALABLE SOLUTIONS TO TRANSFORM THE LIVES OF PEOPLE WITH DISABILITIES, PEOPLE IN POVERTY AND PEOPLE FACING HOMELESSNESS: SOLUTIONS THAT CONTRIBUTE TO RIGHTING SOCIETAL IMBALANCES.

Activities or mission (Part I)

PROVIDE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES WITH SPECIAL NEEDS DUE TO DEVELOPMENTAL, MENTAL OR PHYSICAL DISABILITIES OFTEN (CONTINUED ON SCHEDULE O)

  • FEES FROM AFFILIATES IN CONNECTION WITH PROVIDING EXEMPT FUNCTION SERVICES IN FURTHERANCE OF ITS MISSION.

    Revenue $29,944,449

As filed on the 2022 return.

Listed in Part VII

  • Donna Colonna Thru 222

    FORMER PRESIDENT & CEO

    Total calculated
    $689,897
    From this org
    $687,293
    From related orgs
    $0
    Other
    $2,604
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $687,293
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $2,604
    Filer's total
    $689,897
  • Perry J Perlmutter

    CEO EFF 4/23 & CFO THRU 4/23

    Total calculated
    $475,065
    From this org
    $423,935
    From related orgs
    $0
    Other
    $51,130
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $413,935
    Bonus
    $10,000
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $24,130
    Filer's total
    $475,065
  • Dr Jorge R Petit

    PRESIDENT & CEO (THRU 4/23)

    Total calculated
    $458,537
    From this org
    $408,161
    From related orgs
    $0
    Other
    $50,376
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $408,161
    Bonus
    $0
    Other
    $0
    Deferred
    $22,844
    Nontaxable benefits
    $27,532
    Filer's total
    $458,537
  • Arlo M Chase

    SVP REAL ESTATE & PROP. DEV.

    Total calculated
    $353,413
    From this org
    $294,934
    From related orgs
    $0
    Other
    $58,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,934
    Bonus
    $0
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $31,479
    Filer's total
    $353,413
  • Judith Jones Thru 622

    FORMER CHIEF OF STAFF

    Total calculated
    $291,686
    From this org
    $252,821
    From related orgs
    $0
    Other
    $38,865
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $252,821
    Bonus
    $0
    Other
    $0
    Deferred
    $27,000
    Nontaxable benefits
    $11,865
    Filer's total
    $291,686
  • Stacey L Weston

    CDO & EXTERNAL AFFAIRS OFFICER

    Total calculated
    $280,262
    From this org
    $218,322
    From related orgs
    $0
    Other
    $61,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $218,322
    Bonus
    $0
    Other
    $0
    Deferred
    $36,455
    Nontaxable benefits
    $25,485
    Filer's total
    $280,262
  • Bradley A Alperin

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $255,674
    From this org
    $244,876
    From related orgs
    $0
    Other
    $10,798
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $244,876
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $10,798
    Filer's total
    $255,674
  • Ali Khan

    DIRECTOR FINANCIAL P & A

    Total calculated
    $247,545
    From this org
    $196,092
    From related orgs
    $0
    Other
    $51,453
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $196,092
    Bonus
    $0
    Other
    $0
    Deferred
    $20,500
    Nontaxable benefits
    $30,953
    Filer's total
    $247,545
  • Yedidya Doman

    SVP INFORMATION TECHNOLOGY

    Total calculated
    $229,993
    From this org
    $188,711
    From related orgs
    $0
    Other
    $41,282
    Hours/week
    30 + 10 related

    Schedule J breakdown matched by us

    Base
    $188,711
    Bonus
    $0
    Other
    $0
    Deferred
    $10,220
    Nontaxable benefits
    $31,062
    Filer's total
    $229,993
  • Jen Press Marden

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Amelia Wright-Brewer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Edward Hubbard

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jacquie Holmes

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Michelle S Ballan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Josh Bider

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Erin Bond Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Earl D Brown

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Chris Cheney

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sherrie Dulworth

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Art Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Peter Friedland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lawrence Hamdan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Peter Lattanzio

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joshua Liston

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gail K McCallion Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • John A McKesson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Linda Nguyen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Gareth Old Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Marie I Palacios-Hardy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Carolyn P Powell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Joann Y Sacks PhD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Phillip Saperia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Deborah Wolfe Esq

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Andrew Zimmern

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4B:
THE FOLLOWING EMPLOYEES OF THE ORGANIZATION ARE PARTICIPANTS IN A SECTION 457(F) PLAN. THE AMOUNTS CONTRIBUTED ARE:
SCHEDULE J, PART I, LINE 7:
SCHEDULE J, PART II, COLUMN (B) REPORTS DISCRETIONARY INCENTIVE AMOUNTS THAT WERE APPROVED BY THE BOARD BASED UPON PERFORMANCE.

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CEDAR TREMONT LP

    HOUSING · NY

    Directly controlled by NA

  • DREITZER HOUSE LP

    HOUSING · NY

    Directly controlled by NA

  • HILL HOUSE LP

    HOUSING · NY

    Directly controlled by NA

  • 21 Truxton St LP

    HOUSING · NY

    Directly controlled by NA

  • Flora Vista LP

    HOUSING · NY

    Directly controlled by NA

  • Macombs Road Housing LP

    HOUSING · NY

    Directly controlled by NA

  • Mother Gaston Housing LP

    HOUSING · NY

    Directly controlled by NA

  • Westchester Gardens LP

    HOUSING · NY

    Directly controlled by NA

  • 3361 Third Ave GP LLC

    HOUSING · NY

    Directly controlled by NA

  • 3361 Third Ave LP

    HOUSING · NY

    Directly controlled by NA

  • 1434 Undercliff Ave LP

    HOUSING · NY

    Directly controlled by NA

  • BROADWAY DECATUR OWNERS LLC

    HOUSING · NY

  • BROADWAY DECATUR GP LLC

    HOUSING · NY

  • 1071 WASHINGTON LP

    HOUSING · NY

  • 2264 Morris Ave MM LLC

    HOUSING · NY

  • Jerome 1769 Owner LLC

    HOUSING · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 21 TRUXTON STREET GP INC

    C CORP · HOUSING · NY · 100% owned · share of income $0 · share of assets $0

    Directly controlled by SUS

  • 2264 MORRIS AVENUE HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • DREITZER CORP

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • DREITZER HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • FLORA VISTA DEVELOPMENT CORP

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • FLORA VISTA HDFC INC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • HILL HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • HILL HOUSE ASSOCIATES INC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • MACOMBS ROAD HOUSING GP INC

    C CORP · HOUSING · NY · 100% owned · share of income $0 · share of assets $0

    Directly controlled by SUS

  • MOTHER GASTON HOUSING GP INC

    C CORP · HOUSING · NY · 100% owned · share of income $0 · share of assets $0

    Directly controlled by SUS

  • SUS 2264 MORRIS AVENUE INC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • TREMONT CEDAR CORP

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • WESTCHESTER GARDENS DEVELOPMENT CORP

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • WESTCHESTER GARDENS HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by NA

  • 1434 Undercliff GP Inc

    C CORP · HOUSING · NY · 100% owned · share of income $0 · share of assets $0

    Directly controlled by SUS

  • 3361 THIRD AVENUE HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by na

  • G&M PROPERTIES II HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by na

  • 1070 WASHINGTON HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by na

  • SUS BROADWAY DECATUR INC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by na

  • EAST 162ND ST HDFC

    C CORP · HOUSING · NY · share of income $0 · share of assets $0

    Directly controlled by na

Provenance

Return type
form_990
Tax year
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202421359349313317

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