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New York BBB Wise Giving Report for
Jericho Project

A BBB Accredited charity

 



Expiration Date:
02/2017
Name:
Jericho Project
Address:
245 West 29th Street Suite 902
9th Floor
New York, NY 10001
Phone:
646-624-2341
Year, State Incorporated:
1983, New York
Affiliates:
Jericho Residence Housing Development Fund Corporation, Jericho Residence II Hosuing Development Fund Corporation, Jericho Project Housing Development Fund Corporation, 355-359 East 194th Street Housing development Fund Corporation, 2701 Kingsbridge Terrance Hosuing Development Fund Corporation
Stated Purpose:
" Jericho Project is inspired by the belief that transformation can occur in each individual and steadfastly works to advance its mission to end homelessness at its roots by creating a community that inspires individual change, fosters sustainable independence, and motivates men and women to reach their greatest potential. Supportive Services is unique in the supportive housing community due to its emphasis on gaining employment and helping residents “graduate” to independent living. Jericho Project’s holistic service model addresses the many issues that have led individuals and families into homelessness. "





Evaluation Conclusions
 

              
Jericho Project meet the 20
American Century Investments
Board Size:
22
Paid Staff Size:
111



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




Fund Raising
 

              
Method(s) Used:


Invitations to fund raising events, grant proposals, internet
Fund raising costs were 21% of related contributions. (Related contributions, which totaled $2,175,636, 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 Jericho Project's Audited Financial Statements - Consolidated for the fiscal year ended March 31, 2014.

Source of Funds  

Supportive Services

$3,536,496

Tenant Rent

3,385,565

Foundations

970,500

Fundraising Events

721,103

Corporations

212,565

Management and Development fees

210,000

Investment Income

92,271

Interest and Dividends

63,204

Individuals

57,968

Other

20,637

Churches

3,500

Total Income

$9,273,809

Program Expenses  

Housing Services

$5,515,867

Social Services

3,233,796
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

8,749,663
456,838
1,171,811

$10,470,583

$(1,196,774)




Uses of Funds as a % of Total Expenses


Programs: 84%  Fund Raising: 4%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $3,836,027
Ending net assets 3,871,222
Total liabilities 46,056,299

Total assets

$49,927,521






 

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.