Civic Intelligence

Core Services Group Inc.

990 • Fiscal year 2017 • EIN 14-1925944

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

45 Main Street Suite 711Brooklyn, NY 11201

(718) 801-8050

Siviq Scores

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

Liabilities / Assets

97th percentile

1.31x

Higher debt load relative to assets than 97% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

68th percentile

0.51x

Higher debt load relative to revenue than 68% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

33rd percentile

-0.4%

Higher net margin than 33% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$231,294

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

99th percentile

286%

Faster asset growth than 99% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

94th percentile

115%

Faster revenue growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$8,969,076

Up $6,644,992 (+286%) from 2016

Net Assets

Down

-$2,738,102

Down $200,970 (-7.9%) from 2016

Liabilities

Up

$11,707,178

Up $6,845,962 (+141%) from 2016

Revenue

Up

$22,959,763

Up $12,302,905 (+115%) from 2016

Expenses

Up

$23,054,283

Up $9,494,157 (+70%) from 2016

Net Income

Up

-$94,520

Up $2,808,748 (+97%) from 2016

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0-$20MAssets 2010: $504,773Liabilities 2010: $173,717Net Assets 2010: $331,0562010Assets 2011: $2,152,115Liabilities 2011: $2,224,545Net Assets 2011: -$72,4302011Assets 2012: $2,907,958Liabilities 2012: $2,511,312Net Assets 2012: $396,6462012Assets 2013: $2,340,017Liabilities 2013: $2,146,482Net Assets 2013: $193,5352013Assets 2014: $2,343,364Liabilities 2014: $2,125,929Net Assets 2014: $217,4352014Assets 2015: $2,298,626Liabilities 2015: $1,947,910Net Assets 2015: $350,7162015Assets 2016: $2,324,084Liabilities 2016: $4,861,216Net Assets 2016: -$2,537,1322016Assets 2017: $8,969,076Liabilities 2017: $11,707,178Net Assets 2017: -$2,738,1022017Assets 2018: $30,467,557Liabilities 2018: $32,021,725Net Assets 2018: -$1,554,1682018Assets 2019: $12,104,913Liabilities 2019: $11,163,574Net Assets 2019: $941,3392019Assets 2020: $32,955,502Liabilities 2020: $29,222,437Net Assets 2020: $3,733,0652020Assets 2021: $39,760,197Liabilities 2021: $35,384,303Net Assets 2021: $4,375,8942021Assets 2022: $34,878,290Liabilities 2022: $46,785,250Net Assets 2022: -$11,906,9602022Assets 2023: $32,756,434Liabilities 2023: $48,473,055Net Assets 2023: -$15,716,6212023

Highlighted filing

2017

Assets$8,969,076
Liabilities$11,707,178
Net Assets-$2,738,102

Operations Trend

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

$150M$100M$50M$0-$50MExpenses 2010: $1,707,0932010Expenses 2011: $3,456,2352011Expenses 2012: $5,788,3262012Revenue 2013: $7,525,954Expenses 2013: $7,534,204Net Income 2013: -$8,2502013Revenue 2014: $9,502,465Expenses 2014: $9,478,565Net Income 2014: $23,9002014Revenue 2015: $10,608,539Expenses 2015: $10,608,074Net Income 2015: $4652015Revenue 2016: $10,656,858Expenses 2016: $13,560,126Net Income 2016: -$2,903,2682016Revenue 2017: $22,959,763Expenses 2017: $23,054,283Net Income 2017: -$94,5202017Revenue 2018: $60,733,834Expenses 2018: $59,855,077Net Income 2018: $878,7572018Revenue 2019: $106,086,877Expenses 2019: $104,174,787Net Income 2019: $1,912,0902019Revenue 2020: $113,655,647Expenses 2020: $110,863,921Net Income 2020: $2,791,7262020Revenue 2021: $115,882,548Expenses 2021: $115,428,062Net Income 2021: $454,4862021Revenue 2022: $11,964,805Expenses 2022: $28,328,056Net Income 2022: -$16,363,2512022Revenue 2023: $357,047Expenses 2023: $3,651,364Net Income 2023: -$3,294,3172023

Highlighted filing

2017

Revenue$22,959,763
Expenses$23,054,283
Net Income-$94,520
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$22,959,763
Mission and Program Overview

Mission

Core's mission is to provide shelter and supportive services to underserved individuals and families. Core operates culturally-sensitive emergency and transitional housing for homeless individuals and families and a residential reentry center for formerly incarcerated women and men (returning citizens). Core programs are designed to help equip clients with the tools needed to successfully address the challenges of independent living and self-sufficiency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$1,632,463$6,022,250▲ $4,389,787
Cash and Non-Interest-Bearing Accounts-$1,197,600-
Land, Buildings, and Equipment, Net$452,830$864,658▲ $411,828
Receivables From Officers Etc-$603,124-
Loans From Officers Directors$617,003$19,375▼ $597,628
Total Assets$2,324,084$8,969,076▲ $6,644,992
Other Assets Total$238,791$281,444▲ $42,653
Liabilities
Deferred Revenue$675,576$6,418,147▲ $5,742,571
Accounts Payable and Accrued Expenses$3,564,413$3,235,168▼ $329,245
Unsecured Notes Loans Payable-$2,024,279-
Other Liabilities$4,224$10,209▲ $5,985
Total Liabilities$4,861,216$11,707,178▲ $6,845,962
Net Assets / Fund Balance
Unrestricted Net Assets$-2,537,132$-2,738,102▼ $200,970
Total Net Assets Fund Balance$-2,537,132$-2,738,102▼ $200,970
Total Liabilities and Net Assets / Fund Balance$2,324,084$8,969,076▲ $6,644,992

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$688,765$170,106$858,871
Other Land Buildings$149,485$195,570$345,055
Equipment$26,408$144,782$171,190
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BrownPresident &PT$222,231$9,063$231,294
Jack BrownPresident & CEO-$222,231$9,063$231,294
Keisha PhippsVP of AdminiFT$173,158$8,694$181,852
Keisha PhippsVP of Administration-$173,158$8,694$181,852
Wendy S WeingartVP of GeneraFT$151,567$23,919$175,486
Wendy S WeingartVP of General Consul-$151,567$23,919$175,486
Jack FosterVP of FinanFT$137,308$16,519$153,827
Jack FosterVP of Finance-$137,308$16,519$153,827
Gordon JacksonVP of CommunFT$133,838$14,780$148,618

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Core Companies INCSecurity Servic45 MAIN ST, SUITE 711, Brooklyn, NY 11201$1,286,532
Carter Ledyard & Milburn LLPLegal2 WALL STREET, New York, NY 10005$295,693
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,535,969
Investment Income
$0
Other Revenue
$423,794
Change in Net Assets
$-94,520

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,959,763
Total Revenue per Audited Statements
$22,959,763
Total Revenue per Form 990
$22,959,763
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,341,482
Salaries, Compensation, and Employee Benefits$9,712,801
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$7,747,964$240,889-$7,988,853
Other Salaries and Wages$6,413,533$1,375,771-$7,789,304
Fees for Services Other$1,851,664$303,725-$2,155,389
Payroll Taxes$695,259$126,539-$821,798
Other Employee Benefits$441,253$243,301-$684,554
Current Officers, Directors, Trustees, and Key Employees$181,852$235,293-$417,145
All Other Expenses$389,870$21,294-$411,164
Office Expenses$211,717$97,721-$309,438
Insurance$225,521$48,886-$274,407
Other Expenses$307,789$225,197-$225,197
Travel$66,882$82,628-$149,510
Depreciation Depletion-$129,040-$129,040
Fees for Services Legal$32,714$71,495-$104,209
Fees for Services Accounting-$102,547-$102,547
Interest$17,491$12,135-$29,626
Total Functional Expenses$19,733,123$3,321,160$0$23,054,283

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$23,054,283
Total Expenses per Audited Statements$23,054,283
Total Expenses per Form 990$23,054,283
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Owned by OfficrSee Below Comment 3No$1,286,532
-Owned by OfficrSee Below Comment 2No$171,745
-Owned by OfficrSee Below Comment 1No$159,253

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees-$603,124-
Loans from Officers, Directors, Trustees, and Key Employees$617,003$19,375▼ $597,628
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
L & E$10,209
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The president reviews form 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The board signs an annual document to disclose interests that could give rise to conflicts.

Form 990, Page 6, Part VI, Line 15A

We obtained from an independent attorney an evaluation of our executive director's compensation, based on a compensation survey of not for profit organizations. The evaluation took into account all relevant data and conditions.

Form 990, Page 6, Part VI, Line 15B

We obtained from an independent attorney an evaluation of our executive director's compensation, based on a compensation survey of not for profit organizations. The evaluation took into account all relevant data and conditions.

Form 990, Page 6, Part VI, Line 19

Our financial statements and form 990 are available on the new york state department of law charities bureau website.

Filing and Contact Details

Filer

Filer Name
Core Services Group Inc
EIN
14-1925944
Phone
7188018050
Address
45 MAIN STREET SUITE 711, BROOKLYN, NY 11201

Signing Officer

Name
Jack Brown
Title
President & CEO
Phone
7188018050
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Brown
Formed
2005
Legal Domicile
Ny
Voting Board Members
6
Independent Board Members
5
Employees
360

Preparer

Firm
Bunker and Company CPA Pllc
Address
1054 43RD ST, BROOKLYN, NY 11219-1243
Preparer
Joel Lowy
Phone
7184384858
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Core's mission is to provide shelter and supportive services to underserved individuals and families. Core operates culturally-sensitive emergency and transitional housing for homeless individuals and families and a residential reentry center for formerly incarcerated women and men (returning citizens). Core programs are designed to help equip clients with the tools needed to successfully address the challenges of independent living and self-sufficiency.

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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11527891
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IRS990/PYOtherRevenueAmt0132938
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IRS990/PYTotalExpensesAmt013560126
IRS990/PYTotalRevenueAmt010656858
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt0603124
IRS990/ReconcilationRevenueExpnssAmt0-94520
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt021008078
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt01131258
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01131258
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0VENDING MACHINE 13,987
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0322
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0421
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0756
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt07496143
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0556732
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0421
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt013987
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98070
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt059253579
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0144782
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0171190
IRS990ScheduleD/ExpensesSubtotalAmt023054283
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0688765
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0170106
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0858871
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0149485
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0195570
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0345055
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010209
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0L & E
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IRS990ScheduleD/TotalExpensesPerForm990Amt023054283
IRS990ScheduleD/TotalLiabilityAmt010209
IRS990ScheduleD/TotalRevenuePerForm990Amt022959763
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt023054283
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1173158
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2151567
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt09063
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt316519
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JACK BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEISHA PHIPPS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2WENDY S WEINGART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JACK FOSTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP OF ADMINISTRATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP OF GENERAL CONSUL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP OF FINANCE
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1181852
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt2175486
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt3153827
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CORE DEVELOPMENT COMPANY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CORE DEVELOPMENT COMPANY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt2CORE COMPANIES INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY OFFICR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1OWNED BY OFFICR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt2OWNED BY OFFICR
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$32.8$48.5$15.7$0.36$3.65$3.29
2022Detailed filing. Detailed filing data is available for this year.$34.9$46.8$11.9$12.0$28.3$16.4
2021Detailed filing. Detailed filing data is available for this year.$39.8$35.4$4.38$116$115$0.45
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.0$29.2$3.73$114$111$2.79
2019Detailed filing. Detailed filing data is available for this year.$12.1$11.2$0.94$106$104$1.91
2018Detailed filing. Detailed filing data is available for this year.$30.5$32.0$1.55$60.7$59.9$0.88
2017Detailed filing. Detailed filing data is available for this year.$8.97$11.7$2.74$23.0$23.1$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.32$4.86$2.54$10.7$13.6$2.90
2015Detailed filing. Detailed filing data is available for this year.$2.30$1.95$0.35$10.6$10.6$0.00
2014Detailed filing. Detailed filing data is available for this year.$2.34$2.13$0.22$9.50$9.48$0.02
2013Detailed filing. Detailed filing data is available for this year.$2.34$2.15$0.19$7.53$7.53$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.91$2.51$0.40$5.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.15$2.22$0.07$3.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.17$0.33$1.71