Brighter Tomorrows Inc
Nonprofit profile at a glance
- EIN
- 112891967
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Shirley, NY, USA
- Phone
- 6313953116
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $2,872,728
- Expenses
- $2,755,377
- Assets
- $1,419,512
- Liabilities
- $271,102
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- ALEXANDER PAYKIN ESQ (PRESIDENT)
Highest reported compensation
- DOLORES KORDON (EXECUTIVE DI): $133,105 total reported compensation
- LOUIS BAMONTE (FINANCE DIRE): $101,271 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provides services to domestic violence victims which include shelter, transitional housing and other intensive supportive services.
What it reported doing in 2024
Residential shelter program - a domestic violence shelter in an undisclosed location provides housing for 19 women and children in need of immediate placement in a safe environment for 90 days. The shelter is staffed around the clock for access at all times, 7 days a week and monitored through a security system. Services include legal advocacy, case management, transportation, adult and children's individual counseling, support groups, parenting, anger management, childcare, information and referrals. Residential transitional program - unique to brighter tomorrows, inc. Is the transitional program which is a long term independent living housing program specific to women and their children who have come through the domestic violence shelter. The houses (2 in total) are in undisclosed locations all secured by monitored security systems in order to ensure the safety of its occupants working toward independent living. Transitional housing provides ongoing case management and counseling services for the women while they work towards obtaining a ged if necessary, higher education, vocational training and procuring permanent employment and housing.
Operating model
- Revenue model
- Grant-funded. 72% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 92
- Accountability: 100
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.8%; rating input score 88
- Program expense ratio: 91.5%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- 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: 4.1%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 8.5%; rating input score 35; 35th percentile among comparable filings
Growth
- Program expense growth: 9.4% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
- Asset growth: 13.2% per year; rating input score 100; 69th percentile among comparable filings
Details
- Where the money goes: 87.8% of revenue deployed · 91.5% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.5M in reported program spending
- Leadership: top reported pay $133K · 7 people listed
- Consistency: 32 of 32 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Moderate — Sustainability: Officer compensation ratio scored 35/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.