Monkworx Corp
Nonprofit profile at a glance
- EIN
- 833244862
- IRS 990 coverage
- 2023–2025
- Forms available
- Form 990 2025
- Location
- Ridgewood, NY, USA
- Phone
- 3475925423
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Homeless Shelters
Reported finances
- Revenue
- $1,321,488
- Expenses
- $1,395,818
- Assets
- $90,675
- Liabilities
- $431,105
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- MICHAEL LOPEZ (EXECUTIVE DI): $86,539 total reported compensation
- DANIELLE STRAUSSER (TREASURER): $33,317 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Monkworx was founded to address the urgent needs of families and individuals experiencing chronic houselessness and food insecurity across New York city. Our team is on a mission to do good. Our programs are designed to promote family stability, health, and self-sufficiency through bed stabilization programs, targeted food assistance, and comprehensive social services. By providing coordinated support, we aim to reduce periods of houselessness, improve access to nutritious food, and strengthen family resilience, ensuring that each person we serve can achieve lasting stability and independence.
What it reported doing in 2025
Bed stabilization programs operate in churches. Each program is open to approximately 15 men. Each client is provided a permanent bed, showers, breakfast, and dinner. Clients are encouraged to continue towards life goals. Programs operate in the monastic method and all clients are encouraged to feel ownership of their space. Asylee support program - participation in the preparation and distribution of meals to asylum seekers, provide asylum shelter service, etc. (includes queens all in initiative).operation of community response task force that provides food pantry, social services outreach, benefit support three times per week open to the community.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 93% 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
SUPPORTED - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 94
- Accountability: 56
- Sustainability: 15
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.9%; rating input score 97
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 78th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 16th percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -5.6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 4; 4th percentile among comparable filings
- Liabilities to assets ratio: 4.75; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 8.6%; rating input score 41; 41st percentile among comparable filings
Growth
- Program expense growth: -39% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -35.3% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 38% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.9% of spending went to programs
- Governance: 3 of 5 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $87K · 5 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 3 filing years from 2023 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 18/100.
- High — Sustainability: Total-asset coverage ratio scored 4/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Moderate — Sustainability: Officer compensation ratio scored 41/100.