Henry Street Settlement

Nonprofit profile at a glance

EIN
131562242
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
212-766-9200
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Neighborhood Centers

Official website

Reported finances

Revenue
$50,916,804
Expenses
$54,176,966
Assets
$87,987,990
Liabilities
$18,072,863

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

Leadership & pay

49 people listed

Executive titles in this filing

  • ANNE ABRONS (VICE PRESIDENT)
  • MARGARET BOYDEN (VICE PRESIDENT)
  • MELISSA R BURCH (VICE PRESIDENT)
  • SCOTT D FERGUSON (VICE PRESIDENT)
  • IAN D HIGHET (VICE PRESIDENT)
  • GARY POSTERNACK (VICE PRESIDENT)

Highest reported compensation

  • DAVID GARZA (CHIEF EXECUTIVE OFFICER/PRESIDENT): $500,959 total reported compensation
  • JOSEPHINE LUME (CHIEF FINANCIAL OFFICER): $363,017 total reported compensation
  • MATTHEW PHIFER (VP EDUCATION & EMPLOYMENT): $237,857 total reported compensation

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

Overview

Mission

Henry Street Settlement opens doors of opportunity for Lower East Side residents and other New Yorkers through social service, arts, and health care programs.

What it reported doing in 2024

Health & wellness: henry street offer comprehensive mental health counseling through our licensed mental health clinic. We also operate 10 satellite mental health clinics at local public schools providing critical counseling to students. In fy25 our mental health programming served 1,216 community members. We also provide comprehensive case management services to the community, which includes benefits enrollment, low-cost health insurance enrollment, housing assistance, financial assistance, referrals for legal assistance, and classes and group workshops for new parents. These programs served 5,871 individuals in fy25. Henry street's portfolio of senior services remains a vital resource for older adults in our community. We provide social services, health care management, and meals to seniors through a number of programs including our older adult center, naturally occurring retirement community, meals on wheels programs, and the americorps senior companions program. In fy25, our older adult services programming served 4,396 older adults and provided 465,468 nutritious meals.

Operating model

Revenue model
Grant-funded. 63% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 98% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 75
  • Accountability: 95
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.3%; rating input score 90
  • Program expense ratio: 81.4%; rating input score 81
  • Fundraising efficiency: $24.52 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 95%; rating input score 95; 34th 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: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.4%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 1.62; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 4.2% per year; rating input score 100; 35th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 40th percentile among comparable filings

Details

  • What they do: 7 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 90.3% of revenue deployed · 81.4% of spending went to programs
  • Governance: 36 of 36 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $44.1M in reported program spending
  • Leadership: top reported pay $501K · 49 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.8M reported
  • Consistency: 41 of 42 current checks pass · 1 finding to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 3 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Sustainability: Operating margin scored 11/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 56/100.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.