Civic Intelligence

Core Services Group Inc.

990 • Fiscal year 2018 • EIN 14-1925944

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

94th percentile

1.05x

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

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

59th percentile

0.53x

Higher debt load relative to revenue than 59% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Net Margin

40th percentile

1.4%

Higher net margin than 40% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

71st percentile

$510,292

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2018

Asset Growth

99th percentile

240%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

165%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Assets

Up

$30,467,557

Up $21,498,481 (+240%) from 2017

Net Assets

Up

-$1,554,168

Up $1,183,934 (+43%) from 2017

Liabilities

Up

$32,021,725

Up $20,314,547 (+174%) from 2017

Revenue

Up

$60,733,834

Up $37,774,071 (+165%) from 2017

Expenses

Up

$59,855,077

Up $36,800,794 (+160%) from 2017

Net Income

Up

$878,757

Up $973,277 (+1030%) from 2017

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

2018

Assets$30,467,557
Liabilities$32,021,725
Net Assets-$1,554,168

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

2018

Revenue$60,733,834
Expenses$59,855,077
Net Income$878,757
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$60,733,834
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$2,517,245$21,772,798▲ $19,255,553
Cash and Non-Interest-Bearing Accounts$1,243,428$5,292,843▲ $4,049,415
Other Notes and Loans Receivable, Net$58,893$1,514,391▲ $1,455,498
Land, Buildings, and Equipment, Net$936,642$1,309,607▲ $372,965
Prepaid Expenses and Deferred Charges$47,192$185,851▲ $138,659
Receivables From Officers Etc$70,141--
Total Assets$5,226,705$30,467,557▲ $25,240,852
Other Assets Total$353,164$392,067▲ $38,903
Liabilities
Deferred Revenue$2,438,895$18,438,305▲ $15,999,410
Accounts Payable and Accrued Expenses$2,884,778$7,176,513▲ $4,291,735
Unsecured Notes Loans Payable$2,335,957$6,406,907▲ $4,070,950
Total Liabilities$7,659,630$32,021,725▲ $24,362,095
Net Assets / Fund Balance
Unrestricted Net Assets$-2,432,925$-1,554,168▲ $878,757
Total Net Assets Fund Balance$-2,432,925$-1,554,168▲ $878,757
Total Liabilities and Net Assets / Fund Balance$5,226,705$30,467,557▲ $25,240,852

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$666,398$508,557$1,174,955
Equipment$566,978$497,721$1,064,699
Other Land Buildings$76,231$53,794$130,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BrownPresident &PT$498,429$11,863$510,292
Jack BrownPresident & CEO-$300,000$210,292$510,292
Keisha PhippsVP of AdminiFT$206,458$13,329$219,787
Keisha PhippsVP of Administration-$206,458$13,329$219,787
Gordon JacksonVP of CommunFT$184,998$16,328$201,326
Gordon JacksonVP of Community Affa-$184,998$16,328$201,326
Wendy S WeingartVP of GeneraFT$170,716$23,919$194,635
Wendy S WeingartVP of General Consul-$170,716$23,919$194,635
Daysi PenaProgram DireFT$155,337$9,620$164,957
Daysi PenaProgram Director-$155,337$9,620$164,957
Marie MartinezCheif of StaFT$112,998$16,949$129,947
Michael LoweBh FacilityFT$128,397-$128,397

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$60,309,994
Investment Income
$0
Other Revenue
$423,840
Change in Net Assets
$878,757
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$42,475,021
Salaries, Compensation, and Employee Benefits$17,380,056
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$27,945,578$423,341-$28,368,919
Other Salaries and Wages$11,884,638$1,986,943-$13,871,581
Fees for Services Other$7,681,847$383,228-$8,065,075
Other Employee Benefits$1,008,889$488,819-$1,497,708
Payroll Taxes$1,130,528$150,160-$1,280,688
Current Officers, Directors, Trustees, and Key Employees$219,787$510,292-$730,079
Office Expenses$355,624$109,365-$464,989
All Other Expenses$330,150$115,126-$445,276
Depreciation Depletion-$387,974-$387,974
Insurance$266,382$120,716-$387,098
Travel$100,516$117,218-$217,734
Other Expenses$205,141$12,267-$217,408
Fees for Services Accounting-$79,173-$79,173
Fees for Services Legal$13,750$1,605-$15,355
Interest$6,287$2,401-$8,688
Total Functional Expenses$54,954,993$4,900,084$0$59,855,077
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
-Note 1 BelowSee Note 4 BelowNo$1,724,625
-Owned by OfficrSee Note 2 BelowNo$455,210
-Owned by OfficrSee Note 3 BelowNo$89,523

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$70,141--
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
2019-11-15
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
564

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.

Form 990, Part IX, Line 11G

Professional services 12,000 324,724 0 comunity relations 27,500 58,504 0 security & monitoring 7,642,347 0 0 total 7,681,847 383,228 0

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IRS990/Form990PartVIISectionAGrp/PersonNm0JACK BROWN
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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