Street Corner Resources Inc

Nonprofit profile at a glance

EIN
260149521
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2126948759
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$2,803,179
Expenses
$3,243,523
Assets
$941,179
Liabilities
$734,399

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

Leadership & pay

4 people listed

Highest reported compensation

  • Shirley Iesha Sekou (Executive Dir.): $348,718 total reported compensation

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

Overview

Mission

The mission of Street Corner Resources is to eliminate gun and gang violence and to create a more peaceful and productive community by providing teenagers, young adults and community members greater access to real employment, education, training, and other resources to help them enhance their lives.

What it reported doing in 2024

Professional Mental Health Services (PMHS) - PMHS intervention contributes to overall objectives of violence reduction through increasing participants range of positive coping skills and mutually supportive relationships. This program component is designed to mobilize community-based credible clinicians with the goal of building CV participants capacity to recognize and heal from multi-generational traumatic exposure to gun violence (including its intersection with intimate partner violence), as well as that of community members impacted by gun violence who are living in the immediate CV catchment area and to those living in the surrounding police precinct area. In close coordination with the core CV programs, the PMHS component supports the overall objective of reducing gun violence and its perpetuation. Prolonged exposure to violence - and exposure to the heightened risk of violence - can have a significant impact on individuals short- and long-term physiological, behavioral, cognitive, and emotional functioning.Provides culturally attuned, trauma-focused therapy informed by cognitive-behavioral and motivational interviewing approaches and other holistic healing and self-care strategies to program participants and community members. It is expected that participation in these services will contribute to measurable reductions in the mental health-related impacts of gun violence such as depression, anxiety, PTSD, impulsivity, and other stress responses that contribute to gun violence.Relies on Credible Clinicians who are professionals in mental health therapies and interventions. These Clinicians carry out the PMHS program in coordination with Cure Violence management and staff.Destigmatizes mental health-related reactions to living with a high degree of exposure to gun violence by providing public education and information.Provides information and referrals to additional community-based resources as needed in order to meet the needs of program participants.Supports and reinforces the skills and effectiveness of Cure Violence site staff.

Operating model

Revenue model
Grant-funded. 99% of the money available for current operations came from government grants.
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

STRONG - 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: 92
  • Transparency & Controls: 79
  • Accountability: 90
  • Sustainability: 11
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: $116.38 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • 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: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: -15.7%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0.29; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.78; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 10.8%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: 21.5% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 18.5% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 14.8% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 84.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 6 of 8 filing controls reported
  • Programs: 6 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $349K · 4 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors and executive pay
  • Filing history: 10 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Sustainability: Operating margin scored 9/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.