Fifth Avenue Committee Inc

What it reported doing in 2024

Community services: community services provides a range of free services including public benefits access (snap, unemployment insurance, medicare/aid and more), tax preparation, financial coaching, and legal, housing and health referrals to over 1,200 very low and low-income new yorkers annually. The program helps low-income individuals gain economic and housing stability and build their assets. In fy25, community services connected 379 households with one or more public benefits. The program connected 43 people to legal services, provided financial coaching to 488, and 295 received free tax preparation services. Additionally, fac provided case management and social service supports to over 70 formerly homeless individuals and families living in fac affordable housing to promote housing stability.workforce development: fac affiliate bwi assists over 900 new yorkers each year through sector-based job training and direct placement services. These programs provide access to industry recognized credentials, living-wage employment and career paths, placement and supports (i.e., resume development, interview, and soft skill development). Facs bridge programs that we carry out in partnership with bwi, provide sector-based workforce development training with integrated and contextualized english language and other supports to unemployed and underemployed immigrants and residents. The program enrolled 532 students with barriers to employment in fy25. In partnership with bwi, 207 of those participants earned an industry credential and 82% of post tested participants demonstrated educational gains. Sustainable development: in 2025, fac continued our work to install over 234,000 kw of solar power on fac owned and managed affordable housing and community facility buildings in phase 1 as part of reducing our greenhouse gas emissions, reducing maintenance expenses to contribute to permanent affordability and reduce utility expenses for low and moderateincome tenants living in fac properties. Fac also continued barrio solar in partnership with our hud approved housing counseling affiliate, neighbors helping neighbors (nhn), and nonprofit partner solar one. Barrio solar assists lmi homeowners in nyc to reduce their utility costs, reduce greenhouse gas emissions and increase the value of their homes by providing supports and solar down payment assistance.

Financial Efficiency

• Mission deployment rate: 86.8%; rating input score 87
• Program expense ratio: 87.9%; rating input score 88
• Fundraising efficiency: $12.22 raised per $1 spent on fundraising; rating input score 44; 44th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 42nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.2%; rating input score 39; 39th percentile among comparable filings
• Total-asset coverage ratio: 1.27; rating input score 45; 45th percentile among comparable filings
• Liabilities to assets ratio: 0.45; rating input score 32; 32nd percentile among comparable filings
• Officer compensation ratio: 13%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: 6.8% per year; rating input score 100; 54th percentile among comparable filings
• Revenue growth: 6.8% per year; rating input score 100; 57th percentile among comparable filings
• Asset growth: 10.9% per year; rating input score 100; 68th percentile among comparable filings