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New York BBB Wise Giving Report for
Grand Street Settlement

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
09/2015
Name:
Grand Street Settlement
Address:
80 Pitt Street
New York, NY 10002
Phone:
212-674-1740
Year, State Incorporated:
1940, New York
Affiliates:
Grand Street Settlement Senior Housing Development Fund Corporation
Stated Purpose:
" Grand Street Settlement expands opportunities for low-income families and individuals by providing culturally relevant services that support community-building, advocacy, self-determination and an enriched quality of life. "






Evaluation Conclusions
 

              
Grand Street Settlement meets the 20 Standards for Charity Accountability.




Programs
 

              
Grand Street Settlement connects thousands of New York City’s impoverished and disadvantaged families with the support and resources needed to help one another grow a better future together. Our programs and services create a network that expands across both sides of the Williamsburg Bridge, serving both the Lower East Side and the Brooklyn neighborhoods of Bushwick and Williamsburg. GSS's comprehensive services address complex needs, such as the removal of the economic, social and educational barriers that create isolation among at-risk and impoverished populations, as well as the more fundamental, tangible needs of food, housing, care and referrals for aid. For nearly a century, GSS has upheld the founding tenements of settlement houses by mobilizing the power of community to realign the energies of fortunate New Yorkers to use their influence and resources to help lift our neighbors out of poverty. By remaining open and free to the public to ensure accessibility for all members of the community, regardless of age, physical ability, language barriers or cultural backgrounds, GSS has remained a cornerstone of the community while constantly striving for social reform. This model of service across all four of GSS's main program areas - Early Childhood, Youth, Family Support and Senior Services - transcends generational, cultural and socioeconomic boundaries to enrich the lives of those we serve, as well as the entire community.



Governance
 

              
Chief Executive Officer:
Ms. Margarita Rosa, Executive Director
Compensation*:
$211,464
Chair of the Board:
Mr. Kenneth W. Liebman
Chair's Profession / Business Affiliation:
Executive Director/Crystal & Company
Board Size:
18
Paid Staff Size:
297



*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 14.8% of related contributions. (Related contributions, which totaled $4,129,869, 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 Grand Street Settlement's Audited Financial Statements for the fiscal year ended June 30, 2011.

Source of Funds  

Government Contracts

$8,076,809

Contributions

2,118,302

Realized and unrealized gain on investments

1,814,460

Donated occupancy and services

1,752,174

Rental income

596,743

Special events, net of expenses

259,393

Investment income

239,522

Program service fees

208,431

Miscellaneous income

106,333

Total Income

$15,172,167

Program Expenses  

Early childhood programs

$5,652,393

Senior Programs

1,797,789

Youth services

1,690,270

Community development

1,568,968

School-based counseling services

373,586

Case management

275,417
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

11,358,423
610,177
1,417,968

$13,386,568

$1,785,599




Uses of Funds as a % of Total Expenses


Programs: 85%  Fund Raising: 5%  Administrative 11% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,018,810
Ending net assets 7,804,409
Total liabilities 12,441,921

Total assets

$20,246,330






 

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