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New York BBB Wise Giving Report for
ACE: Association of Community Employment Programs for the Homeless

A BBB Accredited charity

 



Expiration Date:
12/2015
Name:
ACE: Association of Community Employment Programs for the Homeless
Address:
598 Broadway
7th Floor
New York, NY 10012
Phone:
212-274-0550
Year, State Incorporated:
1992, New York
Affiliates:
None
Stated Purpose:
" Enables homeless men and women to re-enter the workforce and to achieve long-term, economic self sufficiency. "





Evaluation Conclusions
 

              
ACE: Association of Community Employment Programs for the Homeless meets the 20 Standards for Charity Accountability.




Programs
 

              
ACE's training focuses on community improvement assignments throughout New York City, such as street sweeping, refuse removal, tree care, and snow removal. Participants of ACE form these neighborhood improvement projects while learning the skills required for full time employment. The 4-6 month vocational rehabilitation program, Project Comeback, provides recovering homeless individuals with the skills and motivation they need to successfully gain economic independence. ACE’s aftercare program, Project Stay, offers graduates lifelong support and enrichment services aimed at helping them stay employed, explore opportunities for career growth, and continue to develop their living skills, especially those pertaining to financial literacy and money management.



Governance
 

              
Chief Executive Officer:
Mr. James Martin, Executive Director
Compensation*:
$90,000
Chair of the Board:
Mr. Henry Buhl
Chair's Profession / Business Affiliation:
Founder
Board Size:
10
Paid Staff Size:
51



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Direct mail appeals, invitations to fund raising events, grant proposals, individual renewal letters
Fund raising costs were 24.6% of related contributions. (Related contributions, which totaled $2,089,958, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on ACE's Audited Financial Statements for the fiscal year ended December 31, 2012.

Source of Funds  

Gifts and grants

$1,620,859

Special events, net

469,099

Program service revenue: Project Stay

211,326

Program service revenue: Project Comeback

95,192

Total Income

$2,396,476

Program Expenses  

Program services

$1,533,988
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

1,533,988
514,621
187,448

$2,236,057

$160,419




Uses of Funds as a % of Total Expenses


Programs: 69%  Fund Raising: 23%  Administrative 8% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $227,191
Ending net assets 387,610
Total liabilities 7,967

Total assets

$395,577






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.