Civic Intelligence

Core Services Group Inc.

990 • Fiscal year 2020 • EIN 14-1925944

Jan 01, 2020 to Dec 31, 2020 • Filed on Feb 15, 2022

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

86th percentile

0.89x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

29th percentile

0.26x

Higher debt load relative to revenue than 29% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

46th percentile

2.5%

Higher net margin than 46% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

75th percentile

$858,373

Higher top officer pay than 75% of similar nonprofits.

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

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

98th percentile

172%

Faster asset growth than 98% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

65th percentile

7.1%

Faster revenue growth than 65% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$32,955,502

Up $20,850,589 (+172%) from 2019

Net Assets

Up

$3,733,065

Up $2,791,726 (+297%) from 2019

Liabilities

Up

$29,222,437

Up $18,058,863 (+162%) from 2019

Revenue

Up

$113,655,647

Up $7,568,770 (+7.1%) from 2019

Expenses

Up

$110,863,921

Up $6,689,134 (+6.4%) from 2019

Net Income

Up

$2,791,726

Up $879,636 (+46%) from 2019

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

2020

Assets$32,955,502
Liabilities$29,222,437
Net Assets$3,733,065

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

2020

Revenue$113,655,647
Expenses$110,863,921
Net Income$2,791,726
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Feb 15, 2022
Return Version
2020v4.0
Gross Receipts
$113,655,647
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$4,710,121$28,034,258▲ $23,324,137
Receivables From Officers Etc$1,889,266$1,984,788▲ $95,522
Land, Buildings, and Equipment, Net$1,127,395$1,017,902▼ $109,493
Cash and Non-Interest-Bearing Accounts$3,861,788$763,217▼ $3,098,571
Prepaid Expenses and Deferred Charges$116,166$756,045▲ $639,879
Total Assets$12,104,913$32,955,502▲ $20,850,589
Other Assets Total$400,177$399,292▼ $885
Liabilities
Accounts Payable and Accrued Expenses$4,672,360$17,936,546▲ $13,264,186
Unsecured Notes Loans Payable$5,982,002$11,285,891▲ $5,303,889
Deferred Revenue$509,212--
Total Liabilities$11,163,574$29,222,437▲ $18,058,863
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$941,339$3,733,065▲ $2,791,726
Total Net Assets Fund Balance$941,339$3,733,065▲ $2,791,726
Total Liabilities and Net Assets / Fund Balance$12,104,913$32,955,502▲ $20,850,589

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$446,566$1,025,503$1,472,069
Equipment$544,799$922,880$1,467,679
Other Land Buildings$26,537$103,488$130,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BrownPresident &PT$386,298$472,075$858,373
Gordon JacksonVP of CommunPT$173,395$230,326$403,721
Jack BrownPresident & CEO-$345,469$52,904$398,373
Keisha PhippsVP of AdminiPT$220,785$131,888$352,673
Wendy S WeingartVP of GeneraFT$161,409$112,193$273,602
Keisha PhippsVP of Administration-$220,785$11,888$232,673
Daysi PenaProgram DireFT$157,518$47,471$204,989
Wendy S WeingartVP of General Consul-$161,409$32,193$193,602
Gordon JacksonVP of Community Affa-$173,395$27,326$192,721
Daysi PenaProgram Director-$149,518$32,471$189,989
Curtis M BrownDirector ofFT$124,769$52,193$176,962
Curtis M BrownDirector of Operatio-$124,769$32,193$156,962
Lawrence WhitesideMember-$51,943-$51,943

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pro Core LLCSecurity45 MAIN ST, STE 711, Brooklyn, NY 11201$18,795,676
Flavor Foods LLCFood Dist.45 MAIN ST, STE 711, Brooklyn, NY 11201$3,173,121
Core Facilities Management LLCProperty Mgmt.45 MAIN ST, STE 711, Brooklyn, NY 11201$260,333
Gay Lee CorpClinical Consul450 BROADWAY, Newburgh, NY 12550$130,000
Satelitte Tracking Of People LLC-PO 639098, Cincinnati, OH 45263$119,727
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$113,225,101
Investment Income
$0
Other Revenue
$427,546
All Other Contributions
$3,000
Change in Net Assets
$2,791,726
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,731,128
Salaries, Compensation, and Employee Benefits$30,132,793
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$46,762,226$359,674-$47,121,900
Other Salaries and Wages$21,102,218$3,793,135-$24,895,353
Other Employee Benefits$2,040,207$608,559-$2,648,766
Payroll Taxes$1,841,609$296,016-$2,137,625
All Other Expenses$1,068,148$401,798-$1,469,946
Insurance$1,153,581$64,505-$1,218,086
Office Expenses$733,359$306,527-$1,039,886
Other Expenses$800,793$34,056-$834,849
Fees for Services Other$33,690$606,475-$640,165
Depreciation Depletion-$601,236-$601,236
Current Officers, Directors, Trustees, and Key Employees$52,676$398,373-$451,049
Fees for Services Accounting-$243,070-$243,070
Fees for Services Legal-$127,930-$127,930
Travel$39,289$82,378-$121,667
Total Functional Expenses$102,899,175$7,964,746$0$110,863,921
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$1,379,700
Gordon JacksonOwned by OfficrSee Note 2 BelowNo$416,386
-Trustee BrotherPayroll CompensationNo$175,000
-Owned by OfficrSee Note 3 BelowNo$62,742
-Owned by OfficrSee Note 3 BelowNo$24,712

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,889,266$1,984,788▲ $95,522
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 35% controlled entity
Yes
Business relationship with family members
Yes
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.

Form 990, Part VII

Lawrence whiteside is being compensated for work performed as an employee not in the capacity of an officer.

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
2022-02-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jack Brown
Formed
2005
Legal Domicile
Ny
Voting Board Members
5
Independent Board Members
5
Employees
892

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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VP OF ADMINI
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF GENERA
IRS990/Form990PartVIISectionAGrp/TitleTxt4PROGRAM DIRE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR OF
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
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IRS990/OtherExpensesGrp/Desc0SECURITY AND MONITERING
IRS990/OtherExpensesGrp/Desc1RESIDENCE MEALS
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3PROGRAM PARTICIPANT EXPEN
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt234056
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IRS990/ProgramServiceRevenueGrp/BusinessCd1561000
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14126312
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IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0109098789
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt0650592
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01093439
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0VENDING MACHINE 1,160
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt010523907
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IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt0434859
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0132938
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt01816955
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IRS990ScheduleD/EquipmentGrp/BookValueAmt0544799
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0922880
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01467679
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0446566
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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01472069
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0103488
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt01017902
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
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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