Hawthorne Foundation Development Corporation

Nonprofit profile at a glance

EIN
263975892
IRS 990-EZ coverage
2010–2024
Forms available
Form 990 2014, Form 990-EZ 2024
Location
Hawthorne, NY, USA
Phone
9145928526
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$62,941
Expenses
$47,847
Assets
$222,969
Liabilities
$11,333

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

Leadership & pay

11 people listed

Executive titles in this filing

  • EILEEN BISORDI (EXECUTIVE DIRECTOR)
  • TODD P HERSHMAN (PRESIDENT)
  • JACQUELINE CEONZO (PRESIDENT, THRU 07/16/24)
  • ROCCO PETRIELLO (VICE-PRESIDENT)
  • JOHN D SHAW (VICE PRESIDENT, THRU 07/16/24)

People named in this filing

  • EILEEN BISORDI (EXECUTIVE DIRECTOR)
  • RIO BERNARD MONTANO (TREASURER)
  • TODD P HERSHMAN (PRESIDENT)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Hawthorne foundation development corporation ("hfdc") was formed to increase public awareness about, and raise financial support for hawthorne foundation inc. ("hfi"). Hfi is a not-for-profit organization that was formed in 1984 to provide educational and residential services to children and adults.

What it reported doing in 2024

Hawthorne foundation development corporation was organized to raise public awareness about, and raise financial support for hawthorne foundation inc. In fiscal year 2024-2025, hawthorne foundation development corporation provided financial support to hawthorne foundation inc. In the amount of $21,969 to support expenses for staff appreciation activities, summer swimming program, equipment and minor cost of food and refreshments for meetings

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 100
  • Sustainability: 70
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 35.6%; rating input score 36
  • Program expense ratio: 45.9%; rating input score 46

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 24%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 4.66; rating input score 83; 83rd percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -3.6% per year; rating input score 0; 39th percentile among comparable filings
  • Revenue growth: -3.5% per year; rating input score 0; 38th percentile among comparable filings
  • Asset growth: 0.7% per year; rating input score 100; 42nd percentile among comparable filings

Details

  • Where the money goes: 35.6% of revenue deployed · 45.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $22K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 46/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.