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New York BBB Wise Giving Report for
Coalition for the Homeless

A BBB Accredited charity

 



Expiration Date:
09/2016
Name:
Coalition for the Homeless, Inc.
Address:
129 Fulton Street
New York, NY 10038
Phone:
212-776-2000
Year, State Incorporated:
1981, New York
Affiliates:
Bridge Homes, Inc., Bridge Building Management Company , West Seventy Seventh, Inc.
Stated Purpose:
" Coalition for the Homeless is the nation's oldest advocacy and direct service organization helping homeless men, women, and children. We are dedicated to the principle that affordable housing, sufficient food, and the chance to work for a living wage are fundamental rights in a civilized society. Since our inception in 1981, the Coalition has worked through litigation, public education, and direct services to ensure that these goals are realized. "





Evaluation Conclusions
 

              
Coalition for the Homeless, Inc. (CFTH) meets the 20 Standards for Charity Accountability.




Programs
 

              
The Coalition for the Homeless believes that affordable housing, sufficient food and the chance to work for a living wage are the fundamental rights of a civilized society. The coalition realizes these goals through our wide array for direct services, which include: Crisis Intervention, which helps up to 50 people daily access vital benefits and services; Eviction Prevention, which provides one-time grants to cover rental arrears for approximately 500 New Yorkers who have a serious but temporary lapse in their ability to pay rent; Client Advocacy Project, which helps upwards of 100 mentally and physically – disabled homeless secure Social Security benefits and supportive housing; Grand Central Food Program, our mobile soup kitchen that delivers 1,000 meals to homeless and hungry New Yorkers in Manhattan and The Bronx every night of the year; Camp Homeward Bound, a summer sleep-away camp for 300 homeless youth; Bound for Success, an after-school program and Summer day camp that provides education and recreation for 125 homeless youth; First Step Job Training Program, which empowers approximately 130 homeless women to succeed in the workforce; Scattered Site Housing Program, which provides housing for and support services for 48 individuals and 18 families suffering from HIV/AIDS; Coalition Houses, which provides stable, affordable housing to 38 single adults; Bridge Building, which reunites children in foster care with homeless or at-risk mothers in permanent housing; Rental Assistance Program, which subsidizes a portion of monthly rent for 55 homeless families and individuals as they work towards financial independence.



Governance
 

              
Chief Executive Officer:
Ms. Mary Brosnahan, CEO
Compensation*:
$282,402
Chair of the Board:
Mr. Barry Berke
Chair's Profession / Business Affiliation:
chairman
Board Size:
15
Paid Staff Size:
72



*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, internet
Fund raising costs were 10.8% of related contributions. (Related contributions, which totaled $9,043,988, 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 CFTH's Audited Financial Statements for the fiscal year ended June 30, 2013.

Source of Funds  

Contributions

$4,976,095

Government grants

3,104,014

Special events

808,896

Rental income

381,996

Other income

313,711

Bequests

154,983

Interest and investment income

2,933

Total Income

$9,742,628

Program Expenses  

AIDS

$2,213,137

Crisis intervention

2,068,208

Advocacy

1,184,399

Food Services

1,085,825

Children's program

1,035,239

Housing

718,675

Job training

666,413
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

8,971,896
981,267
350,224

$10,303,387

$(560,759)




Uses of Funds as a % of Total Expenses


Programs: 87%  Fund Raising: 10%  Administrative 3% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $19,644,477
Ending net assets 18,513,423
Total liabilities 661,455

Total assets

$19,174,878






 

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.