Housing & Services Inc
Nonprofit profile at a glance
- EIN
- 510201833
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- New York, NY, USA
- Phone
- 2122529377
- Rating
- 90
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Housing Support
Reported finances
- Revenue
- $12,968,482
- Expenses
- $11,506,273
- Assets
- $20,253,379
- Liabilities
- $23,603,461
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JAMES M DILL (EXECUTIVE DIRECTOR)
- MOLLY MATTIMORE (DEPUTY EXECUTIVE DIRECTOR)
Highest reported compensation
- MOLLY MATTIMORE (DEPUTY EXECUTIVE DIRECTOR): $198,533 total reported compensation
- KRISTI CILENTI (DIRECTOR OF PROGRAMS): $194,424 total reported compensation
- DAN DANAHER (DIRECTOR OF OPERATIONS): $191,301 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We develop and sustain exceptional supportive and affordable housing with integrated social services to advance the health and well-being of new yorkers who are vulnerable to homelessness, while strengthening the communities they live in.
What it reported doing in 2024
Kenmore hall: kenmore hall is a 326 efficiency unit low income housing project in New York, primarily for formerly homeless, single adults. The hall's activities consist of: (1) social services funded by contracts with dhs and hasa and a grant from hud and (2) low income housing, specifically for residential tenants whose government rent subsidies are obtained from hud's section 8 program administered by hpd. Hsi owns a 99.9% limited partnership interest in kenmore associates lp which operates the hall. The general partner and other owner of kenmore associates lp is kenmore housing corporation, a wholly owned subsidiary of kenmore housing development fund corp which is an exempt organization related to hsi.
Operating model
- Revenue model
- Earned-program. 72% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 82% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.3%; rating input score 88
- Program expense ratio: 99.5%; rating input score 99
- Fundraising efficiency: $180.54 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd 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: 11.3%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 1.76; rating input score 57; 57th percentile among comparable filings
- Liabilities to assets ratio: 1.17; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 13.5%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 79th percentile among comparable filings
- Revenue growth: 11.6% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 19.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 88.3% of revenue deployed · 99.5% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $11.4M in reported program spending
- Leadership: top reported pay $199K · 21 people listed · 2 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 5 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.
- 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 — Sustainability: Total-asset coverage ratio scored 57/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- High — Sustainability: Officer compensation ratio scored 11/100.