Civic Intelligence

Ready Willing and Able Inc C/O the Doe Fund Inc

990 • Fiscal year 2016 • EIN 13-3607921

Jul 01, 2015 to Jun 30, 2016 • Filed on May 10, 2017

232 East 84th StreetNew York, NY 10028

(212) 628-5207

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

64th percentile

0.44x

Higher debt load relative to revenue than 64% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

73rd percentile

12%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

89th percentile

$448,414

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

87th percentile

23%

Faster asset growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

54th percentile

4.3%

Faster revenue growth than 54% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$6,937,447

Up $1,276,594 (+23%) from 2015

Net Assets

Up

-$344,606

Up $1,932,048 (+85%) from 2015

Liabilities

Down

$7,282,053

Down $655,454 (-8.3%) from 2015

Revenue

Up

$16,569,674

Up $683,280 (+4.3%) from 2015

Expenses

Down

$14,637,626

Down $555,950 (-3.7%) from 2015

Net Income

Up

$1,932,048

Up $1,239,230 (+179%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0-$5.0MAssets 2010: $5,652,758Liabilities 2010: $10,219,326Net Assets 2010: -$4,566,5682010Assets 2011: $3,105,748Liabilities 2011: $7,733,082Net Assets 2011: -$4,627,3342011Assets 2012: $3,382,132Liabilities 2012: $7,360,181Net Assets 2012: -$3,978,0492012Assets 2013: $3,035,359Liabilities 2013: $6,406,508Net Assets 2013: -$3,371,1492013Assets 2014: $3,167,135Liabilities 2014: $6,136,607Net Assets 2014: -$2,969,4722014Assets 2015: $5,660,853Liabilities 2015: $7,937,507Net Assets 2015: -$2,276,6542015Assets 2016: $6,937,447Liabilities 2016: $7,282,053Net Assets 2016: -$344,6062016Assets 2017: $0Liabilities 2017: $0Net Assets 2017: $02017

Highlighted filing

2016

Assets$6,937,447
Liabilities$7,282,053
Net Assets-$344,606

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$15M$10M$5.0M$0Expenses 2010: $15,752,9082010Expenses 2011: $13,446,5142011Expenses 2012: $13,286,0712012Revenue 2013: $13,442,794Expenses 2013: $12,835,894Net Income 2013: $606,9002013Revenue 2014: $12,891,425Expenses 2014: $12,489,748Net Income 2014: $401,6772014Revenue 2015: $15,886,394Expenses 2015: $15,193,576Net Income 2015: $692,8182015Revenue 2016: $16,569,674Expenses 2016: $14,637,626Net Income 2016: $1,932,0482016Revenue 2017: $0Expenses 2017: $0Net Income 2017: $02017

Highlighted filing

2016

Revenue$16,569,674
Expenses$14,637,626
Net Income$1,932,048
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 10, 2017
Return Version
2015v3.0
Gross Receipts
$16,571,870
Mission and Program Overview

Mission

To provide relief and assistance to poor, distressed, underpriveledged and indigent people

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$2,273,820$5,497,925▲ $3,224,105
Land, Buildings, and Equipment, Net$1,601,145$1,420,429▼ $180,716
Pledges and Grants Receivable$413,159$0▼ $413,159
Prepaid Expenses and Deferred Charges$35$2,550▲ $2,515
Cash and Non-Interest-Bearing Accounts$1,357,686$1,535▼ $1,356,151
Total Assets$5,660,853$6,937,447▲ $1,276,594
Other Assets Total$15,008$15,008→ $0
Liabilities
Other Liabilities$7,116,120$6,520,347▼ $595,773
Accounts Payable and Accrued Expenses$544,080$586,799▲ $42,719
Mortgage Notes Payable Secured by Investment Property$277,307$174,907▼ $102,400
Total Liabilities$7,937,507$7,282,053▼ $655,454
Net Assets / Fund Balance
Temporarily Rstr Net Assets$97,823$33,291▼ $64,532
Unrestricted Net Assets$-2,374,477$-377,897▲ $1,996,580
Total Net Assets Fund Balance$-2,276,654$-344,606▲ $1,932,048
Total Liabilities and Net Assets / Fund Balance$5,660,853$6,937,447▲ $1,276,594

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,123,223$571,951$1,695,174
Other Land Buildings$253,867$486,520$740,387
Equipment$43,339$396,898$440,237
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kenise EtwaruDirector of Human Resource$147,205$147,205
Louis NapolitanoDirector Security Operations$133,953$133,953

Board Members and Trustees

NameTitle
Craig LucasChairman of Board (resigned 4/2017))
George T McdonaldPresident
Harriet Karr-mcdonaldExecutive Vice President
Abigail PogrebinBoard Member
Andre Robert LeeBoard Member
Lisa SchultzBoard Member
Mary Ann QuinsonBoard Member
Nicole SeligmanBoard Member
Steve KoppelBoard Member
Steven AlperBoard Member
Fay ShutzerBoard Member (resigned 02/27/2017)
Wendy MaddenBoard Member (resigned 12/08/2016)
John FrawleyBoard Member (resigned 7/11/2016)
Richard SandlerBoard Member (resigned 7/12/2016)
Laurence GordonDirector - Housing Development
Dennis PiervicentiDirector Operations
Alexander HorowitzChief of Staff
John McdonaldChief Operating Officer
Gary PenzellController
Ernest Lee DuncanFormer Chief Financial Officer
John Thomas KirklandSenior VP Corporate Development
Revenue and Support

Revenue Composition

Contributions and Grants
$13,231,920
Program Service Revenue
$3,339,878
Investment Income
$0
Other Revenue
$-2,124
All Other Contributions
$1,576,875
Change in Net Assets
$1,932,048
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,432,458
Other Expenses$4,205,168
Total Fundraising Expense$27,884
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,656,466$3,469$3,821$8,663,756
Other Employee Benefits$935,670$179$876$936,725
Payroll Taxes$831,369$259$349$831,977
Fees for Services Management-$688,243-$688,243
Occupancy$263,015$1,111-$264,126
Depreciation Depletion$172,609--$172,609
Office Expenses$104,330$2,469-$106,799
All Other Expenses$73,455$727$22,838$97,020
Other Expenses$32,712$26,026-$58,738
Information Technology$29,940$1,213-$31,153
Interest$12,549$32-$12,581
Conferences and Meetings$10,454--$10,454
Fees for Services Other$3,109--$3,109
Fees for Services Accounting$20,035$-20,040-$-5
Total Functional Expenses$13,886,773$722,969$27,884$14,637,626
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$2,196
Fundraising Gross Income$50
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$3,859,135
Contract Advances$2,661,212
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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

George t. Mcdonald is the president of the doe fund, inc. Harriet karr mcdonald is the executive vice president of the doe fund, inc. John mcdonald is the chief operating/financial officer of the doe fund, inc. George t. Mcdonald and harriet karr mcdonald are husband and wife. John mcdonald is the son and step-son of george t. Mcdonald and harriet karr mcdonald, respectively.

Form 990, Part VI, Section A, Line 6

For a list of members please see part vii

Form 990, Part VI, Section B, Line 11

The chief financial officer, chief operating officer and chief executive officer review the various irs form 990s for the organization. They are then passed onto chairman of finance committee for review and ratified by the chairman of the board at the board meeting.

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

An annual email is forwarded to all doe fund employees asking that any "conflicts" be disclosed immediately to human resources and also reminding them to adhere to policy. For monitoring purposes all staff are asked to be cognizant of such activity and to be given the opportunity to report a conflict anonymously to human resources, should a particular event arise. The conflict of interest policy is distributed annually and signed by the officers, board members and key employees.

Form 990, Part VI, Section B, Line 15

Every three years, the organization engages a firm which utilizes comparability data and specializes in executive compensation matters to review the compensation of president, executive vice president, chief operating officer and chief financial officer. The board reviews the report provided by the firm and sets the compensation for these officers and key employees in an executive session of a meeting of the board of directors which excludes all employees of the doe fund, inc.

Form 990, Part VI, Section C, Line 19

The company makes its governing documents,conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Ready Willing and Able Inc
EIN
13-3607921
Phone
2126285207
Address
232 EAST 84TH STREET, NEW YORK, NY 10028

Signing Officer

Name
George T Mcdonald
Title
President
Phone
2126285207
Signed
2017-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George T Mcdonald
Formed
1990
Legal Domicile
Ny
Voting Board Members
11
Independent Board Members
10
Employees
0
Volunteers
0

Preparer

Firm
Raich Ende Malter & Co Llp
Address
1375 BROADWAY, NEW YORK, NY 10018
Preparer
Barry Wechsler
Phone
2129444433
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2

Financial statements are audited by an independent accountant - this organization shares a common board of directors with the doe fund, inc. And other related organizations. As such, the financial information of this organization is included in the combined financial statements of the doe fund, inc. And affiliates which are audited annually by an independent accountant. An audit committee assumes responsibility and oversight of the audit of the combined financial statements and selection of an independent accountant. The doe fund, inc. And affiliates received federal awards and was required to undergo an audit in accordance with the single audit act and the uniform guidance. The financial statements of the doe fund, inc. And affiliates were audited in accordance with these requirements. There has been no change in this process from the prior year.

Form 990, Part XI, Line 2C

Audit committee assumes responsibility for oversight of the audit - no change from prior year

Form 990, Part IX, Line 7

Salaries paid by related organization - the doe fund, inc. Acts as a common paymaster for this and other related organzations.

Financial Statement Notes

PART X, LINE 2:

The corporation is exempt from federal income taxes, pursuant to section 501(c)(3) of the internal revenue code. The corporation is also exempt from state income taxes. The corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. Examples of tax positions include the tax-exempt status of the organization and various positions related to the potential sources of unrelated business taxable income (ubit). The tax benefits recognized in the financial statements from a tax position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for fiscal years 2016 and 2015. The corporation and affiliates file an annual form 990, return of organization exempt from income tax, with the internal revenue service (the irs). At june 30, 2016, the corporation and affilates' form 990s for the years ended 2012 through 2014 remain eligible for examination by the irs.

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IRS990/Desc0READY WILLING AND ABLE, INC. (RWA), THE DOE FUND'S FLAGSHIP PROGRAM, IS THE LARGEST PAID WORK AND JOB TRAINING PROGRAM FOR HOMELESS INDIVIDUALS IN THE COUNTRY. INCORPORATED IN 1990, IT IS A TRANSITIONAL RESIDENTIAL WORK-TRAINING PROGRAM DESIGNED TO PREPARE PARTICIPANTS - ALSO REFERRED TO AS "TRAINEES" - TO ENTER AND SUCCEED IN THE SOCIO-ECONOMIC MAINSTREAM. IT OFFERS FORMERLY HOMELESS INDIVIDUALS SAFE AND COMFORTABLE HOUSING, PAID EMPLOYMENT AND SUPPORTIVE SERVICES TO HELP THEM STAY DRUG AND ALCOHOL-FREE AND REBUILD THEIR LIVES. IT HOLISTICALLY ADDRESSES THE MANY COMPLICATED AND INTERRELATED CAUSES AND RESULTS OF HOMELESSNESS THROUGH AN EXTENDED AND COMPREHENSIVE PROGRAM THAT INCLUDES INTENSIVE CASE MANAGEMENT; SUBSTANCE ABUSE AND RELAPSE PREVENTION SERVICES; VOCATIONAL AND EDUCATIONAL PROGRAMMING; LIFE SKILLS AND JOB PREPARATION TRAINING; EMPLOYMENT PLACEMENT SERVICES; AND LIFE-LONG AFTERCARE. RWA IS AN INNOVATIVE SOLUTION TO HOMELESSNESS AND HAS BECOME A NEW YORK INSTITUTION OVER THE PAST 15 YEARS. THE CORE VALUES OF RWA ARE PAID WORK, PERSONAL RESPONSIBILITY, AND SERVICE TO THE GREATER COMMUNITY. AT THE HEART OF THE PROGRAM IS THE COMMUNITY IMPROVEMENT PROJECT (CIP), IN WHICH TRAINEES CLEAN OVER 150 MILES OF STREETS AND SIDEWALKS EVERY DAY. THE MEN IN CIP WORK 35 HOURS A WEEK AND EARN ABOVE MINIMUM WAGE TO SWEEP THE STREETS, BAG REFUSE, REMOVE GRAFFITI, SHOVEL SNOW, AND WATER TREES AND PLANTS. THEY ALSO VOLUNTEER TO CLEAN POCKET PARKS AND VACANT LOTS. THROUGH CIP, TRAINEES IMPROVE THE QUALITY OF LIFE FOR ALL NEW YORKERS WHILE CHALLENGING THE ALL-TOO-COMMON PERCEPTION OF HOMELESS INDIVIDUALS AS LAZY OR INCAPABLE OF WORKING. FURTHERMORE, CIP INSTILLS IN TRAINEES THE IMPORTANT AND TRANSFERABLE "SOFT SKILLS" OF EMPLOYMENT-PUNCTUALITY, RELIABILITY, DILIGENCE, TEAMWORK, AND CUSTOMER SERVICE-WHILE THEY GAIN WORK EXPERIENCE AND THE SELF-ESTEEM THAT COMES WITH EARNING A PAYCHECK. TO GRADUATE FROM READY, WILLING & ABLE, TRAINEES MUST REMAIN DRUG AND ALCOHOL-FREE AND OBTAIN AND SUSTAIN PERMANENT FULL-TIME JOBS AND INDEPENDENT HOUSING.
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