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New York BBB Wise Giving Report for
Palladia

A BBB Accredited charity

 



Expiration Date:
03/2015
Name:
Palladia
Address:
2006 Madison Avenue
New York, NY 10035
Phone:
212-979-8800
Year, State Incorporated:
1970, New York
Affiliates:
None
Stated Purpose:
" Enhances the quality of life for individuals and families in New York who seek our help in their struggle with addiction, homelessness, domestic violence and trauma. Also, helps change lives by providing innovative programming, compassionate care and expert solutions to critical social problems. "





Evaluation Conclusions
 

              
Palladia meets the 20 Standards for Charity Accountability.




Programs
 

              
Palladia is a community-based, multi-site human services agency serving individuals and families whose problems stem from various causes including substance abuse, homelessness, HIV/AIDS disease, mental illness, criminality, and/or domestic violence. The organization offers a wide range of services, from outreach, prevention and treatment to transitional and permanent housing. These services are designed to promote independence and responsible living.



Governance
 

              
Chief Executive Officer:
Mark Hurwitz, President
Chair of the Board:
Sandra Stark
Board Size:
9
Paid Staff Size:
475



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 9.6% of related contributions. (Related contributions, which totaled $355,567, 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 Palladia's Audited Financial Statements - Consolidated for the fiscal year ended June 30, 2012.

Source of Funds  

Contract services

$38,003,597

Client entitlements

8,823,714

Other income

3,074,822

Contributions

355,567

Total Income

$50,257,700

Program Expenses  

Housing services

$21,408,751

Substance abuse services

16,326,523

Family services

5,431,785

Criminal justice services

3,468,934

HIV/AIDS

191,052

Others

182,315
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses
Other Expenses

Total expenses

Expenses in Excess of Income

47,009,360
34,000
4,698,336
324,268

$52,065,964

$(1,808,264)




Uses of Funds as a % of Total Expenses


Programs: 90%  Fund Raising: %  Administrative 9%  Other Expenses: 1%
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $6,057,895
1,269,089
Ending net assets 5,518,720
Total liabilities 78,843,771

Total assets

$84,362,491


Non-controlling LP interest in losses of consolidated affiliates: $1,269,089
- Change in net assets: $539,175




 

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.