Greater Hudson Promise Neighborhood Inc

Nonprofit profile at a glance

EIN
850949720
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Hudson, NY, USA
Phone
5189297732
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$2,326,001
Expenses
$2,531,851
Assets
$530,267
Liabilities
$317,469

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KARI SIDDIQUI (VICE PRESIDENT)
  • ALEX CHEVALIER (PRESIDENT)
  • JOAN HUNT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JOAN HUNT (EXECUTIVE DIRECTOR): $80,802 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The greater hudson promise neighborhood works to strengthen our community and support children and families to reach their potential from cradle to career. Every family in the community is suipported and given the opportunity to grow, learn and thrive.

What it reported doing in 2024

Ghicip: the greater hudson promise initiative for children of incarcerated parents (ghicip) is designed to support children and families impacted by incarceration through education, programming, and policy changes that strengthen families and our communities. Community programs: ghpn organizes and implements 3 annual community building events which include mlk day of service, community clean-up and block party. Another essential community program is our beyond ged program, supporting opportunity youth disconnected from school and the workforce, in obtaining their ged. Promise after-school programs: an afterschool program that provides academic, social, and emotional support to students in the hudson city school district, from kindergarten through their senior year of high school. Youth preventive services: the youth prevention network (ypn) of columbia county works to support families and youth in need of support through a strength-based trauma-informed and collaborative framework to build on existing community resources and address service gaps. Through a collective impact approach, the organization coordinates the partners of ypn including the hudson city school district in an effort to support youth and families in need of support. Ghpn's vision is that through seamless coordination of resources and support, every child and family in columbia county is given the best opportunity to thrive

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 86
  • Accountability: 84
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.9%; rating input score 86
  • Program expense ratio: 78.9%; rating input score 79
  • Fundraising efficiency: $688 raised per $1 spent on fundraising; rating input score 97; 97th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th 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: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -8.8%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 3.2%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 37.7% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 42.4% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 32% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 85.9% of revenue deployed · 78.9% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 4 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $81K · 10 people listed
  • Consistency: 27 of 28 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 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.

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.