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New York BBB Wise Giving Report for
Greyston Foundation

A BBB Accredited charity

 



Expiration Date:
09/2014
Name:
Greyston Foundation
Address:
21 Park Avenue
Yonkers, NY 10703
Phone:
914-376-3900
Year, State Incorporated:
1993, New York
Affiliates:
Greyston Family Inn of Yonkers, Inc, Greyston Health Services, Inc, Ravine Avenue Properties, Inc., 104 Ashburton Properties Corporation, Greyston Bakery Inc.
Stated Purpose:
" Grounded in a whole-person approach, which we call PathMaking, Greyston Foundation, a pioneer in social enterprise, creates jobs and provides integrated programs for individuals and their families to move forward on their path to self-sufficiency. "





Evaluation Conclusions
 

              
Greyston Foundation meets the 20 Standards for Charity Accountability.




Programs
 

              
Greyston Foundation provides management services and raises funds for programs that provide community services throughout Yonkers, NY. Specifically, Greyston Family Inn of Yonkers provides permanent housing to community residents ranging in age from infancy to twenty-two years old and formerly homeless persons. The Inn also provides workforce development, child care, and technology programs. Greyston Health Services provides housing and community services to homeless persons living with HIV and AIDS. Another program provides affordable housing to low income families. The organization operates Greyston Bakery, which operates as a fully functioning bakery in Yonkers.



Governance
 

              
Chief Executive Officer:
Steven Brown, President & CEO
Compensation*:
$180,000
Chair of the Board:
Edward Falkenberg
Chair's Profession / Business Affiliation:
N/A
Board Size:
22
Paid Staff Size:
71



*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, and grant proposals.
Fund raising costs were 15.5% of related contributions. (Related contributions, which totaled $2,832,783, 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 Greyston Foundation's Audited Financial Statements for the fiscal year ended December 31, 2011.

Source of Funds  

Sales - for profit operations

$8,435,004

Service fees

2,714,874

Government grants

2,089,330

Rental

784,607

Contributions

743,453

Management fees

121,641

Interest and other

65,939

Total Income

$14,954,848

Program Expenses  

Program services

$5,625,956
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

5,625,956
440,288
882,552

$6,948,796

$8,006,052




Uses of Funds as a % of Total Expenses


Programs: 81%  Fund Raising: 6%  Administrative 13% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $9,177,350
Ending net assets 10,286,145
Total liabilities 9,877,058

Total assets

$20,163,203






 

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