Lsa Recovery Inc

Nonprofit profile at a glance

EIN
473362066
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Brooklyn, NY, USA
Phone
7189543800
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Addictive Disorders N.E.C.

Official website

Reported finances

Revenue
$1,321,171
Expenses
$1,324,744
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • STEPHEN GERSTEN (Chief Executive Officer)
  • Augusta Wilson (Board President)

Highest reported compensation

  • STEPHEN GERSTEN (Chief Executive Officer): $397,589 total reported compensation
  • ABRAM GERSTEN (Chief Operating Officer): $329,672 total reported compensation
  • MORDECHAI SCHECHTER (CHIEF FINANCIAL OFFICER): $251,118 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lsa recovery, inc. Is an oasas licensed substance abuse facility dedicated to enhance the quality of life of its patients by helping them recover from substance abuse, and to lead a sober and productive lifestyle. Patient's will proceed through the recovery process with a support network, will experience increased self-esteem, and will develop strong understanding of the effects of chemical dependency on their lives, as well as their families and loved ones. We respect and accommodate each individuals familys cultural heritage, religious beliefs and values.

What it reported doing in 2020

Provide substance abuse services to all segments of the community. An average of 1,620 sessions were performed monthly, and 584 clients were seen during fiscal year ended jan 06, 2021.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
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

SUPPORTED - 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: 77
  • Transparency & Controls: 70
  • Accountability: 84
  • Sustainability: 14
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.1%; rating input score 87
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 16th 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: Fail
    • 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: -0.3%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 25%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 7.8% per year; rating input score 100; 66th percentile among comparable filings
  • Revenue growth: 15.7% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -15.2% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 87.1% of revenue deployed · 86.8% of spending went to programs
  • Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $398K · 9 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $105K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Document-retention policy not reported.
  • High — Sustainability: Officer compensation ratio scored 11/100.