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New York BBB Wise Giving Report for
Nazareth Housing, Inc.

A BBB Accredited charity

 



Expiration Date:
07/2016
Name:
Nazareth Housing, Inc.
Address:
519 East 11th Street
Store Front
New York, NY 10009
Phone:
212-982-7800
Year, State Incorporated:
1983, New York
Affiliates:
None
Stated Purpose:
" Nazareth Housing is committed to the promotion of housing stability and economic independence among poor families and youth of New York City through the provision of Homelessness Prevention and Self-Sufficiency Programs, Emergency Shelter, and Permanent Supportive Housing. We reach out to the community with prevention services before a family reaches a crisis, and respond to urgent requests for assistance in a timely and effective manner. Social work professionals are available 7 days a week. "





Evaluation Conclusions
 

              
Nazareth Housing, Inc. meets the 20 Standards for Charity Accountability.




Programs
 

              
Nazareth Housing provides services through three program conduits: Homelessness Prevention, Self-Sufficiency and Family Empowerment Programs; Emergency Shelters; Permanent Supportive Housing



Governance
 

              
Chief Executive Officer:
Mr. Michael J. Callaghan, CEO
Compensation*:
$102,409
Chair of the Board:
Ms. Mary Beth Hogan
Chair's Profession / Business Affiliation:
Attorney & Partener
Board Size:
12
Paid Staff Size:
21



*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
Fund raising costs were 5.7% of related contributions. (Related contributions, which totaled $1,721,666, 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 Nazareth Housing's Audited Financial Statements for the fiscal year ended June 30, 2013.

Source of Funds  

Special Events

$649,715

City of New York Department of Homeless Services

399,869

Harlem landloard income

348,440

Donated Services

235,534

NYS Office of Temporary and Disability Assistance

188,836

Contributions, Foundations

160,178

Emergency food and shelter income

42,062

Contributions, Individuals

35,472

Other New York City grants

10,000

Miscellaneous income

3,857

Investment Income

2,319

Total Income

$2,076,282

Program Expenses  

Other program services

$766,945

City of New York Department of Homeless Services

499,014
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

1,265,959
97,665
245,775

$1,609,399

$466,883




Uses of Funds as a % of Total Expenses


Programs: 79%  Fund Raising: 6%  Administrative 15% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $1,201,331
Ending net assets 1,668,214
Total liabilities 91,157

Total assets

$1,759,371






 

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.