Civic Intelligence

Penn South Social Services Inc

EIN 13-3413349 • 501(c)3 • New York, NY

Profile

The organization primarily provides social services to senior citizens with its operations located in New York, New York.

290 Ninth Avenue 21KNew York, NY 10001

pennsouthlive.org

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

54th percentile

0.11x

Higher debt load relative to revenue than 54% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2025

Net Margin

72nd percentile

17%

Higher net margin than 72% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

44th percentile

$63,500

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

NTEE P • $1M-$5M nonprofits • Source year 2025

Asset Growth

66th percentile

12%

Faster asset growth than 66% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

72nd percentile

24%

Faster revenue growth than 72% of similar nonprofits.

NTEE P • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$3,100,905

Up $330,417 (+12%) from 2024

Liabilities

Down

$168,717

Down $59,772 (-26%) from 2024

Net Assets

Up

$2,932,188

Up $390,189 (+15%) from 2024

Revenue

Up

$1,478,813

Up $288,426 (+24%) from 2024

Expenses

Down

$1,228,180

Down $86,466 (-6.6%) from 2024

Net Income

Up

$250,633

Up $374,892 (+302%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $1,553,697Liabilities 2011: $152,432Net Assets 2011: $1,401,2652011Assets 2012: $1,505,735Liabilities 2012: $135,040Net Assets 2012: $1,370,6952012Assets 2013: $1,504,982Liabilities 2013: $72,393Net Assets 2013: $1,432,5892013Assets 2014: $1,675,214Liabilities 2014: $187,310Net Assets 2014: $1,487,9042014Assets 2015: $1,567,749Liabilities 2015: $68,927Net Assets 2015: $1,498,8222015Assets 2016: $1,462,454Liabilities 2016: $83,094Net Assets 2016: $1,379,3602016Assets 2017: $1,641,824Liabilities 2017: $88,014Net Assets 2017: $1,553,8102017Assets 2018: $1,766,496Liabilities 2018: $93,440Net Assets 2018: $1,673,0562018Assets 2019: $1,765,671Liabilities 2019: $89,386Net Assets 2019: $1,676,2852019Assets 2020: $1,975,571Liabilities 2020: $173,683Net Assets 2020: $1,801,8882020Assets 2021: $2,435,493Liabilities 2021: $93,062Net Assets 2021: $2,342,4312021Assets 2022: $2,444,595Liabilities 2022: $168,104Net Assets 2022: $2,276,4912022Assets 2023: $2,505,789Liabilities 2023: $97,857Net Assets 2023: $2,407,9322023Assets 2024: $2,770,488Liabilities 2024: $228,489Net Assets 2024: $2,541,9992024Assets 2025: $3,100,905Liabilities 2025: $168,717Net Assets 2025: $2,932,1882025

Highlighted filing

2025

Assets$3,100,905
Liabilities$168,717
Net Assets$2,932,188

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $622,008Expenses 2011: $611,530Net Income 2011: $10,4782011Revenue 2012: $583,923Expenses 2012: $644,181Net Income 2012: -$60,2582012Revenue 2013: $624,210Expenses 2013: $661,881Net Income 2013: -$37,6712013Revenue 2014: $656,380Expenses 2014: $724,675Net Income 2014: -$68,2952014Revenue 2015: $752,208Expenses 2015: $741,290Net Income 2015: $10,9182015Revenue 2016: $706,719Expenses 2016: $769,718Net Income 2016: -$62,9992016Revenue 2017: $878,894Expenses 2017: $817,922Net Income 2017: $60,9722017Revenue 2018: $961,652Expenses 2018: $910,514Net Income 2018: $51,1382018Revenue 2019: $1,014,495Expenses 2019: $970,852Net Income 2019: $43,6432019Revenue 2020: $1,197,741Expenses 2020: $999,701Net Income 2020: $198,0402020Revenue 2021: $1,129,142Expenses 2021: $984,277Net Income 2021: $144,8652021Revenue 2022: $902,584Expenses 2022: $968,525Net Income 2022: -$65,9412022Revenue 2023: $1,127,858Expenses 2023: $1,158,091Net Income 2023: -$30,2332023Revenue 2024: $1,190,387Expenses 2024: $1,314,646Net Income 2024: -$124,2592024Revenue 2025: $1,478,813Expenses 2025: $1,228,180Net Income 2025: $250,6332025

Highlighted filing

2025

Revenue$1,478,813
Expenses$1,228,180
Net Income$250,633

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.10$0.17$2.93$1.48$1.23$0.25
2024Detailed filing. Detailed filing data is available for this year.$2.77$0.23$2.54$1.19$1.31$0.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.51$0.10$2.41$1.13$1.16$0.03
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.44$0.17$2.28$0.90$0.97$0.07
2021Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$2.44$0.09$2.34$1.13$0.98$0.14
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.98$0.17$1.80$1.20$1.00$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.77$0.09$1.68$1.01$0.97$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.77$0.09$1.67$0.96$0.91$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.64$0.09$1.55$0.88$0.82$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.46$0.08$1.38$0.71$0.77$0.06
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.07$1.50$0.75$0.74$0.01
2014Detailed filing. Detailed filing data is available for this year.$1.68$0.19$1.49$0.66$0.72$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.07$1.43$0.62$0.66$0.04
2012Summary only. Only limited summary data is available for this year.$1.51$0.14$1.37$0.58$0.64$0.06
2011Summary only. Only limited summary data is available for this year.$1.55$0.15$1.40$0.62$0.61$0.01
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 8, 2024
Return Version
2023v5.1
Gross Receipts
$1,190,387
Mission and Program Overview

Mission

The organization primarily provides social services to senior citizens with its operations located in New York, New York.

In keeping with the vision of the founders of penn south - a low to moderate-income not-for-profit housing cooperative of close to 5000 individuals in a six-block enclave in manhattan's chelsea neightborhood - penn south social services (psss) is dedicated to enhancing the lives of all who live in its community and its surrounding area. Psss enables older adults to "age in place and live independently in their own homes. We believe all people can be inspired to achieve more than they dream when supported by on-site social service and health care professionals in a stimulating enbiroment of innovative cultural and recreation programs. Psss aims to continue creating model programs for successful urban living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,049,653$2,350,720▲ $301,067
Pledges and Grants Receivable$328,797$174,756▼ $154,041
Cash and Non-Interest-Bearing Accounts$15,021$104,906▲ $89,885
Investments Other Securities$89,709$78,219▼ $11,490
Savings and Temporary Cash Investments$22,609$61,886▲ $39,277
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,505,789$2,770,488▲ $264,699
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$97,126$227,459▲ $130,333
Other Liabilities$731$1,030▲ $299
Total Liabilities$97,857$228,489▲ $130,632
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,129,408$2,375,722▲ $246,314
Net Assets With Donor Restrictions$278,524$166,277▼ $112,247
Total Net Assets Fund Balance$2,407,932$2,541,999▲ $134,067
Total Liabilities and Net Assets / Fund Balance$2,505,789$2,770,488▲ $264,699

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$76,967$76,967
Leasehold Improvements-$59,750$59,750
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Matthew KahnExecutive DirectorPT$57,500$57,500

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
JasaAdministered Psps247 WEST 37TH STREET, New York, NY 10018-
Revenue and Support

Revenue Composition

Contributions and Grants
$1,148,655
Program Service Revenue
$10,956
Investment Income
$27,670
Other Revenue
$3,106
All Other Contributions
$436,858
Change in Net Assets
$-124,259

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,190,387
Revenue Not Reported on Form 990
$594,275
Total Revenue per Audited Statements
$1,784,662
Total Revenue per Form 990
$1,190,387
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,201,116
Salaries, Compensation, and Employee Benefits$113,530
Total Fundraising Expense$45,397
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,065,239--$1,065,239
Current Officers, Directors, Trustees, and Key Employees-$57,500-$57,500
Other Salaries and Wages$6,968$15,664$6,968$29,600
Payroll Taxes$2,114$22,202$2,114$26,430
Fees for Services Accounting-$21,110-$21,110
Office Expenses$7,488$2,042$195$9,725
Insurance-$8,499-$8,499
Travel-$5,326-$5,326
Other Expenses$1,068$275$26$275
Total Functional Expenses$1,127,873$141,376$45,397$1,314,646

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,648,145
Expenses per Audited Statements$1,314,646
Total Expenses per Form 990$1,314,646
Expenses Not Reported on Form 990$333,499
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Participants$1,030
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed and approved by all board members prior to filing.

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

The organization has a board approved conflicts of interest policy. Each board member and w2 employee must fill out an annual declaration stating they had no conflicts or identifying the nature of their interested party transactions.

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

When the executive committee intends to review the performance of the executive director, it will also consider reviewing comparable salaries based on a recognized study to determine if the existing salary falls within acceptable ranges. After deliveration of the matter, any proposed salary and benefit package will be voted on by the board of directors, and reflected in the board meeting minutes.

Form 990, Part VI, Section C, Line 19

Documents are made availible upon request

Filing and Contact Details

Filer

Filer Name
Penn South Social Services Inc
EIN
13-3413349
Phone
2122553570
Address
290 NINTH AVENUE 21K, NEW YORK, NY 10001

Signing Officer

Name
Gary Schoichet
Title
President
Signed
2024-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Kahn
Formed
1986
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
2
Volunteers
16

Preparer

Firm
Berard & Associates Cpas Pc
Address
44 PARK AVE, SUFFERN, NY 10901
Preparer
Donalee R Berard
Phone
8453575668
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

The organization does not believe its financial statements include any material, uncertain tax positions. Tax filings for periods ending june 30, 2018 and later are subject to examination by applicable taxing authorities.

Raw XML AppendixShowing 400 of 547 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/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0IN KEEPING WITH THE VISION OF THE FOUNDERS OF PENN SOUTH - A LOW TO MODERATE-INCOME NOT-FOR-PROFIT HOUSING COOPERATIVE OF CLOSE TO 5000 INDIVIDUALS IN A SIX-BLOCK ENCLAVE IN MANHATTAN'S CHELSEA NEIGHTBORHOOD - PENN SOUTH SOCIAL SERVICES (PSSS) IS DEDICATED TO ENHANCING THE LIVES OF ALL WHO LIVE IN ITS COMMUNITY AND ITS SURROUNDING AREA. PSSS ENABLES OLDER ADULTS TO "AGE IN PLACE AND LIVE INDEPENDENTLY IN THEIR OWN HOMES. WE BELIEVE ALL PEOPLE CAN BE INSPIRED TO ACHIEVE MORE THAN THEY DREAM WHEN SUPPORTED BY ON-SITE SOCIAL SERVICE AND HEALTH CARE PROFESSIONALS IN A STIMULATING ENBIROMENT OF INNOVATIVE CULTURAL AND RECREATION PROGRAMS. PSSS AIMS TO CONTINUE CREATING MODEL PROGRAMS FOR SUCCESSFUL URBAN LIVING.
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IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0PENN SOUTH PROGRAM FOR SENIORS (PSPS), THE LARGEST AND LONGEST ESTABLISHED PROGRAM, IS DRIVEN BY THE NEEDS AND INTERESTS OF SENIOR RESIDENTS. PSPS ASSISTS NEARLY 1,200 INDIVIDUALS AND THEIR FAMILIES EACH YEAR WITH CASE MANAGEMENT, CASE ASSISTANCE, HEALTHCARE ASSISTANCE AND MANAGEMENT, HEALTH PROMOTION, COMPREHENSIVE GROUP PROGRAMS AND ANCILLARY SERVICES. PSPS OVERSEES A COMPREHENSIVE FALLS PREVENTION PROGRAM THAT SHARPELY REDUCING DANGEROUS FALLS THROUGHOUT THE CO-OP. THE LATEST PROGRAM IMPLEMENTED AT PSPS IS A NEWLY CREATED SOCIAL ADULT DEMENTIA DAY PROGRAM CALLED CLUB CONNECT. CLUB CONNECT OFFERS A SMALL GROUP OF PARTICIPANTS IN THE MIDDLE STAGE OF COGNITIVE DECLINE OPPORTUNITIES TO ENGAGE IN RECREATIONAL ACTIVITIES AND REMAIN ACTIVE IN THEIR COMMUNITY. WITH THE ONSET OF THE COVID-19 PANDEMIC, PSPS HAS SUBSTITUTED VIRTUAL FOR LIVE PROGRAMS AND HAS PROVIDED SERVICES TO HOME BOUND SENIORS INCLUDING MASKS, SHOPPING AND FOOD DELIVERY. IT HAS ALSO MADE ARRANGEMENTS WITH A LOCAL PHARMACY FOR ON-SITE VACCINATION.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt1President
IRS990/Form990PartVIISectionAGrp/TitleTxt21ST VICE PRES.
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt43RD VICE PRESID
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/MissionDesc0IN KEEPING WITH THE VISION OF THE FOUNDERS OF PENN SOUTH, PENN SOUTH SOCIAL SERVICES (PSSS) IS DEDICATED TO ENHANCING THE LIVES OF ALL WHO LIVE IN ITS COMMUNITY AND ITS SURROUNDING AREA
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IRS990/ProgSrvcAccomActy2Grp/Desc0PSSS ALSO HAS SEVERAL PROGRAMS FOR ALL RESIDENTS FOR ALL AGES, INCLUDING: ART/SKETCH/DRAWING SESSIONS, CHESS CLUB, COMMUNITY DISCUSIONS, FLU/COVID CLINICS, MOVIE NIGHTS & PRESENTATIONS, MUSIC CLUB. CLASSES IN YOGA, PILATES, TAI CHI, GUITAR. FREE TICKETS TO YOUTH UNDER THE AGE OF 17 TO THE THEATER, FREE TICKETS TO COMMUNITY EVENTS AND THE PENN SOUTH ARCHIVE PROJECT TO HEAR THE STORIES OF COOPERATORS WHO LIVE IN THE PENN SOUTH COOP
IRS990/ProgSrvcAccomActy3Grp/Desc0THE PS-HOPS (PENN SOUTH HOME ORGANIZED PERSONAL SERVICES PROGRAM CONNECTS ITS OVER 300 MEMBERS (18 AND OVER) WITH HEALTH SERVICES AND PRODUCTS AT REDUCED PRICESINCLUDING HOME HEALTH AIDS, EMERGENCY RESPONSE SYSTEMS, HEARING AND VISION SERVICES, ATTORNEYS HOTELS, SALONS, DRY CLEANING AND MORE
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