Civic Intelligence

The Fortune Society Inc

EIN 13-2645436 • 501(c)3 • Long Island City, NY

View Organization Page

Profile

The fortune society believes in a world where all who are at-risk, incarcerated or formerly incarcerated can become positive, contributing members of society. Our work supports successful re-entry of formerly incarcerated men and women and promotes alternatives to incarceration, thus strengthening the fabric of our communities.

29-76 Northern BoulevardLong Island City, NY 11101

www.fortunesociety.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

77th percentile

0.59x

Higher debt load relative to assets than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.52x

Higher debt load relative to revenue than 62% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

39th percentile

1.2%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$350,806

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

48th percentile

5.5%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

65th percentile

15%

Faster revenue growth than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$66,635,473

Up $3,457,754 (+5.5%) from 2023

Liabilities

Up

$39,499,899

Up $2,616,290 (+7.1%) from 2023

Net Assets

Up

$27,135,574

Up $841,464 (+3.2%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin39th percentile

Revenue

Up

$75,321,932

Up $10,051,150 (+15%) from 2023

Expenses

Up

$74,443,306

Up $11,702,768 (+19%) from 2023

Net Income

Down

$878,626

Down $1,651,618 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth48th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $8,339,366Liabilities 2010: $3,861,790Net Assets 2010: $4,477,5762010Assets 2011: $8,025,413Liabilities 2011: $3,400,038Net Assets 2011: $4,625,3752011Assets 2012: $9,244,225Liabilities 2012: $4,499,202Net Assets 2012: $4,745,0232012Assets 2013: $11,435,940Liabilities 2013: $6,053,984Net Assets 2013: $5,381,9562013Assets 2014: $10,797,694Liabilities 2014: $5,758,589Net Assets 2014: $5,039,1052014Assets 2015: $10,828,764Liabilities 2015: $5,682,081Net Assets 2015: $5,146,6832015Assets 2016: $10,042,444Liabilities 2016: $4,830,171Net Assets 2016: $5,212,2732016Assets 2017: $12,315,355Liabilities 2017: $6,382,088Net Assets 2017: $5,933,2672017Assets 2018: $14,906,596Liabilities 2018: $8,821,057Net Assets 2018: $6,085,5392018Assets 2019: $15,409,655Liabilities 2019: $9,188,201Net Assets 2019: $6,221,4542019Assets 2020: $16,630,898Liabilities 2020: $9,526,452Net Assets 2020: $7,104,4462020Assets 2021: $19,683,060Liabilities 2021: $10,356,678Net Assets 2021: $9,326,3822021Assets 2022: $33,781,145Liabilities 2022: $10,017,279Net Assets 2022: $23,763,8662022Assets 2023: $63,177,719Liabilities 2023: $36,883,609Net Assets 2023: $26,294,1102023Assets 2024: $66,635,473Liabilities 2024: $39,499,899Net Assets 2024: $27,135,5742024

Highlighted filing

2024

Assets$66,635,473
Liabilities$39,499,899
Net Assets$27,135,574
Open 2024 Filing

Operations Trend

Revenue Growth65th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $17,987,5142010Expenses 2011: $18,005,4982011Expenses 2012: $18,912,9552012Revenue 2013: $22,336,783Expenses 2013: $21,699,850Net Income 2013: $636,9332013Revenue 2014: $11,799,621Expenses 2014: $12,142,472Net Income 2014: -$342,8512014Revenue 2015: $24,627,588Expenses 2015: $24,520,464Net Income 2015: $107,1242015Revenue 2016: $26,983,053Expenses 2016: $26,918,304Net Income 2016: $64,7492016Revenue 2017: $31,206,501Expenses 2017: $30,484,060Net Income 2017: $722,4412017Revenue 2018: $34,591,065Expenses 2018: $34,308,413Net Income 2018: $282,6522018Revenue 2019: $34,574,097Expenses 2019: $34,437,220Net Income 2019: $136,8772019Revenue 2020: $39,833,881Expenses 2020: $38,951,849Net Income 2020: $882,0322020Revenue 2021: $41,268,534Expenses 2021: $39,047,482Net Income 2021: $2,221,0522021Revenue 2022: $59,216,910Expenses 2022: $44,779,426Net Income 2022: $14,437,4842022Revenue 2023: $65,270,782Expenses 2023: $62,740,538Net Income 2023: $2,530,2442023Revenue 2024: $75,321,932Expenses 2024: $74,443,306Net Income 2024: $878,6262024

Highlighted filing

2024

Revenue$75,321,932
Expenses$74,443,306
Net Income$878,626
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$66,635,473
Liabilities
$39,499,899
Net assets
$27,135,574
Revenue
$75,321,932
Expenses
$74,443,306
Net income
$878,626
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$66.6$39.5$27.1$75.3$74.4$0.88
2023Detailed filing. Detailed filing data is available for this year.$63.2$36.9$26.3$65.3$62.7$2.53
2022Detailed filing. Detailed filing data is available for this year.$33.8$10.0$23.8$59.2$44.8$14.4
2021Detailed filing. Detailed filing data is available for this year.$19.7$10.4$9.33$41.3$39.0$2.22
2020Detailed filing. Detailed filing data is available for this year.$16.6$9.53$7.10$39.8$39.0$0.88
2019Detailed filing. Detailed filing data is available for this year.$15.4$9.19$6.22$34.6$34.4$0.14
2018Detailed filing. Detailed filing data is available for this year.$14.9$8.82$6.09$34.6$34.3$0.28
2017Detailed filing. Detailed filing data is available for this year.$12.3$6.38$5.93$31.2$30.5$0.72
2016Detailed filing. Detailed filing data is available for this year.$10.0$4.83$5.21$27.0$26.9$0.06
2015Detailed filing. Detailed filing data is available for this year.$10.8$5.68$5.15$24.6$24.5$0.11
2014Summary only. Only limited summary data is available for this year.$10.8$5.76$5.04$11.8$12.1$0.34
2013Detailed filing. Detailed filing data is available for this year.$11.4$6.05$5.38$22.3$21.7$0.64
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.24$4.50$4.75$18.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.03$3.40$4.63$18.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.34$3.86$4.48$18.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 26, 2025
Return Version
2023v6.0
Gross Receipts
$75,543,471
Mission and Program Overview

Mission

The fortune society believes in a world where all who are at-risk, incarcerated or formerly incarcerated can become positive, contributing members of society. Our work supports successful re-entry of formerly incarcerated men and women and promotes alternatives to incarceration, thus strengthening the fabric of our communities.

The fortune society's mission is to support successful re-entry from incarceration. Promote alternatives to incarceration, thus strengthening the fabric of our communities. We do this by offering a comprehensive array of services, including career development, education, health services, housing, substance abuse treatment, counseling, drop-in-services and advocacy, to support each individual's needs and experiences as they enter the fortune society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$25,589,157$33,959,328▲ $8,370,171
Land, Buildings, and Equipment, Net$8,130,646$8,283,316▲ $152,670
Savings and Temporary Cash Investments$547,798$1,428,258▲ $880,460
Prepaid Expenses and Deferred Charges$589,309$479,823▼ $109,486
Cash and Non-Interest-Bearing Accounts$343,281$242,628▼ $100,653
Accounts Receivable$568,778$52,470▼ $516,308
Total Assets$63,177,717$66,635,473▲ $3,457,756
Other Assets Total$27,408,748$22,189,650▼ $5,219,098
Liabilities
Other Liabilities$25,926,046$19,779,448▼ $6,146,598
Accounts Payable and Accrued Expenses$6,119,903$10,006,918▲ $3,887,015
Mortgage Notes Payable Secured by Investment Property$2,550,778$8,285,000▲ $5,734,222
Deferred Revenue$2,324,042$1,428,533▼ $895,509
Total Liabilities$36,920,769$39,499,899▲ $2,579,130
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,593,980$21,347,196▲ $1,753,216
Net Assets With Donor Restrictions$6,662,968$5,788,378▼ $874,590
Total Net Assets Fund Balance$26,256,948$27,135,574▲ $878,626
Total Liabilities and Net Assets / Fund Balance$63,177,717$66,635,473▲ $3,457,756

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$5,889,734$1,978,319$7,868,053
Equipment$2,084,500$3,179,223$5,263,723
Other Land Buildings$309,082$173,861$482,943
Other Assets Org$1,201,827--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joanne PagePresident/CEO (outgoing)FT$308,890$41,916$350,806
Steven HickmanCFOFT$209,906$58,429$268,335
Stanley RichardsPresident & CEOFT$224,137$43,257$267,394
Leonard ChavisVP AdministrationFT$190,199$49,032$239,231
Sherry GoldsteinVP Agency OperationsFT$207,143$25,392$232,535
Robert DeleonDeputy CEOFT$193,821$21,908$215,729
Marc PiparoChief Technology OfficerFT$196,931$16,358$213,289
Randi RothschildChief Program OfficerFT$154,003$53,150$207,153
Benjamin MetschChief Strategy OfficerFT$187,498$3,060$190,558
Ronald DaySenior Vice PresidentFT$166,852$20,793$187,645

Board Members and Trustees

NameTitle
Ldennis KozlowskiChairperson
Alphonzo ElderVice Chairperson
Alan PatricofDirector
Andrea ShaprioDirector
Anthony M MastelloneDirector
Betty P RauchDirector
Carlos PolancoDirector
Caroline MarshallDirector
Danny FranklinDirector
David SicherDirector
David a KochmanDirector
Dyjuan TatroDirector
E Patricia Haversham-brownDirector
Eric a SeiffDirector
Femi Austin-fredericksDirector
Fernando MartinezDirector
Gabriel S OberfieldDirector
Jean JeremieDirector
Jeff ThamkittikasemDirector
Mikell Green-grandDirector
Monique CarterDirector
Nalika NanayakkaraDirector
Pamela JarvisDirector
Ray TeboutDirector
Roland Nicholson JrDirector
SHU'AIB ABDUR-RAHEEMDirector
Samuel HamiltonDirector
Stephane HowzeDirector
Yvette Brissett-andreDirector
Mark LebowSecretary
John H EleyTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Abraham HouseSocial Services340 WILLIS AVENUE, Bronx, NY 10454$751,180
Driscoll FoodsFood Service6 WESTBELT, Wayne, NJ 07470$694,081
Community AccessSocial Services17 BATTERY PLACE SUITE 1326, New York, NY 10004$517,568
Robert HalfEmployment AgencyPO BOX 743295, Los Angeles, CA 90074$352,920
Revenue and Support

Revenue Composition

Contributions and Grants
$72,271,071
Program Service Revenue
$2,030,249
Investment Income
$17,158
Other Revenue
$1,003,454
All Other Contributions
$6,640,047
Change in Net Assets
$878,626

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded3$72,321Fair Market Value (FMV)
Total Noncash Contributions3$72,321-

Audited Revenue Reconciliation

Revenue per Audited Statements
$75,321,932
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$295,224
Total Revenue per Audited Statements
$75,617,156
Total Revenue per Form 990
$75,321,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$45,752,208
Other Expenses$28,616,098
Total Fundraising Expense$1,443,375
Professional Fundraising Fees$75,000
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$27,954,413$5,146,291$749,167$33,849,871
Occupancy$13,260,963$651,471$117,068$14,029,502
Other Employee Benefits$5,771,066$1,051,435$153,623$6,976,124
Fees for Services Other$2,986,502$794,166$117,670$3,898,338
Payroll Taxes$2,739,267$559,284$72,643$3,371,194
Office Expenses$1,304,990$145,296$11,348$1,461,634
Current Officers, Directors, Trustees, and Key Employees$210,979$1,057,957-$1,268,936
Depreciation Depletion$984,024$158,935$19,869$1,162,828
Other Expenses$704,947$154,448$24,160$883,555
Information Technology$566,868$223,339$32,092$822,299
Insurance$603,553$173,661$7,352$784,566
Conferences and Meetings$272,993$131,608$24,601$429,202
Interest$45,564$364,039-$409,603
Travel$373,220--$373,220
Fees for Services Legal-$321,222-$321,222
Pension Plan Contributions$240,631$39,023$6,429$286,083
Fees for Services Accounting-$185,568-$185,568
Fees for Services Professional Fundraising--$75,000$75,000
Fees for Services Lobbying$67,000--$67,000
All Other Expenses--$32,353$32,353
Total Functional Expenses$60,889,003$12,110,928$1,443,375$74,443,306

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$75,103,604
Total Expenses per Form 990$74,443,306
Expenses per Audited Statements$74,410,953
Expenses Not Reported on Form 990$692,651
Expenses Not Reported on Financial Statements$32,353
Other Expense Adjustments$32,353
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$149,219
Fundraising Gross Income$115,710
Professional Fundraising Fees$75,000

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fall Gala$840,765$115,710-$115,710
Total Events$840,765$115,710$149,219$-33,509
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$18,538,348
Reserve Account$1,201,827
Accrued Interest$39,273
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Richard a. Eisner and john h. Eley have a family relationship.”

Form 990, Part VI, Section B, Line 11B

“A draft of the form 990 is prepared by an independent accountant and distributed to the finance and audit committee of the board for review and comment before submitting to the full board for review.”

Form 990, Part VI, Section B, Line 12C

“At each annual board meeting, copies of the organization's policies and procedures are distributed to each member and are reinforced by the agency's ceo and board chair. Each employee, at the time of hire, is required to sign the agency's conflict of interest policy. Additionally, our government contracts require key employees to disclose each year any conflicts they may have with the agency. This allows us to regularly monitor and resolve potential conflicts if and when they arise.”

Form 990, Part VI, Section B, Line 15A

“The executive committee reviews the performance and the compensation of the ceo, assuring that it is consistent with that paid for the same position by comparable organizations by: reviewing the 990's of other organizations of similar size and type, reviewing available compensation surveys of regional nonprofit compensation, and obtaining additional information as available including feedback from an executive recruiter. Using these sources of information, the executive committee meets in executive session and determines the salary to be paid to the ceo.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Fortune Society Inc
EIN
13-2645436
Phone
2126917554
Address
29-76 NORTHERN BOULEVARD, LONG ISLAND CITY, NY 11101

Signing Officer

Name
Stanley Richards
Title
President & CEO
Phone
2126917554
Signed
2025-11-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stanley Richards
Formed
1967
Legal Domicile
Ny
Voting Board Members
31
Independent Board Members
31
Employees
992
Volunteers
55

Preparer

Firm
Cbiz Advisors LLC
Address
685 THIRD AVENUE, NEW YORK, NY 10017
Preparer
Magdalena Czerniawski
Phone
2125038800
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

FORM 990, PART IV, LINE 12A:

“The organization is amending the return with the finished audited financial statements.”

Financial Statement Notes

PART X, LINE 2:

“Management believes fortune has no uncertain tax positions as of june 30, 2024 and 2023 in accordance with fasb asc topic 740, "income taxes," which provides standards for establishing and classifying any tax provisions for uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Related entities revenue 130,226. Indirect fundraising expense -32,353.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Related entities expense 495,300.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Indirect fundraising expense 32,353.”

Raw XML AppendixShowing 400 of 1,168 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE FORTUNE SOCIETY'S MISSION IS TO SUPPORT SUCCESSFUL RE-ENTRY FROM INCARCERATION. PROMOTE ALTERNATIVES TO INCARCERATION, THUS STRENGTHENING THE FABRIC OF OUR COMMUNITIES. WE DO THIS BY OFFERING A COMPREHENSIVE ARRAY OF SERVICES, INCLUDING CAREER DEVELOPMENT, EDUCATION, HEALTH SERVICES, HOUSING, SUBSTANCE ABUSE TREATMENT, COUNSELING, DROP-IN-SERVICES AND ADVOCACY, TO SUPPORT EACH INDIVIDUAL'S NEEDS AND EXPERIENCES AS THEY ENTER THE FORTUNE SOCIETY.
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IRS990/Desc0OUR HOUSING PROGRAMS EMPOWER HOMELESS, FORMERLY INCARCERATED INDIVIDUALS AND THEIR FAMILIES THE OPPORTUNITY TO BUILD BETTER FUTURES THROUGH STABLE AND AFFORDABLE HOUSING. BY PROVIDING LOW-THRESHOLD ACCESS TO SUPPORTIVE EMERGENCY AND TRANSITIONAL HOUSING AT THE FORTUNE ACADEMY ("THE CASTLE"), SUPPORTIVE PERMANENT HOUSING AT CASTLE GARDENS AND THROUGH OUR SCATTER-SITE HOUSING PROGRAM, WE MEET BOTH THE IMMEDIATE AND LONG-TERM NEEDS OF OUR CLIENTS. PARTICIPATING CLIENTS ARE ABLE TO TAKE THE FIRST STEPS ON THEIR JOURNEY TOWARDS BECOMING POSITIVE, SELF-SUFFICIENT MEMBERS OF SOCIETY WITH THE FULL SUPPORT OF FORTUNE'S REENTRY SERVICES. IN FY2024, WE SERVED 209 SCATTERED-SITE CLIENTS, 66 CLIENTS AT THE FORTUNE ACADEMY, 63 ACTIVE SUPPORTIVE HOUSING CLIENTS AT CASTLE GARDENS, 56 CLIENTS AT MANDAELA COMMUNITY AND 490 CLIENTS AT THE FREEDOM HOUSES. MOST CLIENTS LEAVING OUR TRANSITIONAL HOUSING WENT ON TO SUCCESSFUL PERMANENT HOUSING IN THE COMMUNITY WHILE CONTINUING TO ENGAGE IN THE ARRAY OF SUPPORT SERVICES OFFERED.
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