York Street Project

Nonprofit profile at a glance

EIN
223117171
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Jersey City, NJ, USA
Phone
2014519838
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$5,561,699
Expenses
$6,139,604
Assets
$2,519,633
Liabilities
$543,012

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

Leadership & pay

14 people listed

Executive titles in this filing

  • SUSANNE M BYRNE (EXECUTIVE DIRECTOR/PRESIDENT)

Highest reported compensation

  • CHRISTINE PEREZ (DIRECTOR OF DEVELOPMENT): $137,465 total reported compensation
  • SUSANNE M BYRNE (EXECUTIVE DIRECTOR/PRESIDENT): $125,415 total reported compensation

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

Overview

Mission

York street project (ysp) clearly recognizes and understands that a person's life and family hang in the balance if they have no home, no education, and no childcare - and that these issues cannot be viewed in isolation. Founded in 1989, ysp simultaneously provides housing, childcare, counseling, case management and job & life skills training to nearly 400 individuals each year that allows them to begin their journey out of poverty toward a life of self-sufficiency. The missions of the york street project (ysp) is to weave innovative programs that shelter, feed, educate and promote the healing and independence of persons in need, especially women, children and families.

What it reported doing in 2024

St. Joseph's home bridge housing, york street project hybrid and rapid rehousing programs and pathways maternity group home. The bridge housing is a structured emergency shelter that provides up to 12 months of care for homeless families, that include on-site supportive services. Upon completion of the program, we assist them in finding affordable housing options that are subsidized by a third party for the next step in their journey. Our hybrid program provides up to 3-12 months of on-site traditional housing and additional 12-24 months of offsite subsidized housing with continued wrap around supportive services for homeless families and our pathways maternity group home offers 18 months of transitional housing for homeless and/or runaway youth who are pregnant and/or parenting. For those homeless families coming to us with fewer barriers, we assist them through our rapid rehousing program, which provides up to 24 months of rental assistance and support services. All of our housing programs include intensive, wrap around supportive services, including (but not limited too) crisis intervention, case managment and mental health treatment, parenting support, employment and training support, household managment, family budgeting, life skills training, and referrals for domestic violence and substance abuse counseling and health education. Services are offered both onsite and in home for those living in their own apartments.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 22
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.1%; rating input score 95
  • Program expense ratio: 86.1%; rating input score 86
  • Fundraising efficiency: $15.02 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 23rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.4%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.41; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 46th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 28th percentile among comparable filings
  • Asset growth: 12.4% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 95.1% of revenue deployed · 86.1% of spending went to programs
  • Governance: 12 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $5.3M in reported program spending
  • Leadership: top reported pay $137K · 14 people listed
  • Highest-paid contractors: 1 contractor listed · $226K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • Review — Sustainability: Officer compensation ratio scored 59/100.