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New York BBB Wise Giving Report for
Goddard Riverside Community Center

A BBB Accredited charity

 


Expiration Date:
04/2011
Name:
Goddard Riverside Community Center
Address:
593 Columbus Avenue
New York, NY 10024
Phone:
212-873-6600
Web Site:
www.goddard.org
Year, State Incorporated:
1959, New York
Affiliates:
Capitol Hall, The Corner House, Phelps House, The Senate, 140 West 140th Street, St. Matthew's and St. Timothy's Neighborhood Center
Stated Purpose:
" Works to address basic human needs, foster connections across barriers of culture, economics, race, age and life circumstances, and stimulate social action. "





Evaluation Conclusions
 

               
Goddard Riverside Community Center meets the 20 Standards for Charity Accountability.




Programs
 

               
Goddard Riverside Community Center offers programs at sites in and around the Upper West Side and West Harlem areas of Manhattan. Programs are available for children, youth and families, homeless people, older adults, and advocacy and tenant assistance. The organization develops and manages affordable housing and organizes a range of community arts and events such as youth afterschool programs and career counseling. Within each program area is a continuum of services and activities that helps participants achieve personal goals, connect with a community, and become more effective advocates for what they believe.



Governance
 

               
Chief Executive Officer:
Stephan Russo, Executive Director
Compensation*:
$170,325
Chair of the Board:
Stanley D. Heckman
Chair's Profession / Business Affiliation:
The Richards Group
Board Size:
52
Paid Staff Size:
306



*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 14.6% of related contributions. (Related contributions, which totaled $4,556,910, 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 Goddard Riverside Community Center's Audited Financial Statements for the fiscal year ended June 30, 2008.

Source of Funds
 

New York City Program grants

 $10,381,399

Coporate and foundation Contributions

 2,483,477

New York State Program grants

 1,759,681

Benefits (less direct benefits expense of $178,356)

 1,001,401

Reimbursements from affiliates

 904,046

Individual Contributions

 778,759

Federal Program grants

 684,740

Program Fees

 679,162

In Kind Services

 293,273

Other

 114,975

Net Investment Income

 (853,815)

Total Income

$18,227,098

Expenses
 
Program Expenses 

Housing and homeless

$11,639,633

Youth

2,352,732

Preschool

1,926,450

Senior Citizen and Adult

913,072
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Total expenses

Expenses in Excess of Income

 16,831,887
667,139
1,882,331
$19,381,357

$(1,154,259)



Uses of Funds as a % of Total Expenses


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


Beginning net assets $17,957,924
Ending net assets 16,852,737
Total liabilities 2,605,970
Total assets
$19,458,707






 

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