Pratt Area Community Council Inc

What it reported doing in 2024

Impacct brooklyn develops, owns and operates affordable housing, including supportive housing servicesand other programs and services that improve the well-being of vulnerable and/or individuals formerly living with homelessness. Impacct brooklyn provides direct supportive housing services at our gibb mansion and navy green residence. These facilities houses chronically ill and low income individuals. We provide responsive and compassionate care to the residents who call it home. On staff are social workers, case managers, a resident manager, cook and cooking staff, a substance abuse specialist, and activities coordinator. Residents receive regular counseling on a weekly basis. Gibb mansion is always bustling with activity. Residents share five fresh, hot meals per week, and the activities coordinator keeps the schedule full of classes, outings, parties and community events.the community at gibb mansion is thriving as staff and residents work together to create a positive, healthy and empowering environment that facilitates healing and wellness. In fiscal 2023 71 individuals were housed, 50 chronically ill individuals are receiving case management and counseling. Impacct brooklyn's other supportive housing is found at 40 vanderbilt avenue, navy green. This 98-unit permanent supportive housing building is part of a large scale residential complex named navy green with 458 units of mixed income housing, open green space, retail facility and community space. The residence is comprised of studio apartments for 59 single adults that are chronically ill with severe and persistent mental illness and/or chemical addition. The remaining 38 units are for low income community residents. There is also a live in superintendent and 24/7 staffed security onsite. Social services are offered to all residents by brooklyn community housing and services and funded through the historic ny/ny iii partnership between nyc and nys through the department of health and mental hygiene.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 66.2%; rating input score 66
• 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: Limited
• 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; 63rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • 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: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: -72.9%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 4.2; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 0.51; rating input score 20; 20th percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 79; 79th percentile among comparable filings

Growth

• Program expense growth: 0.9% per year; rating input score 100; 17th percentile among comparable filings
• Revenue growth: -1% per year; rating input score 0; 9th percentile among comparable filings
• Asset growth: 13.8% per year; rating input score 100; 71st percentile among comparable filings