Civic Intelligence

Core Services Group Inc.

990 • Fiscal year 2021 • EIN 14-1925944

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 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

87th percentile

0.89x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

39th percentile

0.31x

Higher debt load relative to revenue than 39% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

25th percentile

0.4%

Higher net margin than 25% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

73rd percentile

$766,878

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

73rd percentile

21%

Faster asset growth than 73% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

2.0%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$39,760,197

Up $6,804,695 (+21%) from 2020

Net Assets

Up

$4,375,894

Up $642,829 (+17%) from 2020

Liabilities

Up

$35,384,303

Up $6,161,866 (+21%) from 2020

Revenue

Up

$115,882,548

Up $2,226,901 (+2.0%) from 2020

Expenses

Up

$115,428,062

Up $4,564,141 (+4.1%) from 2020

Net Income

Down

$454,486

Down $2,337,240 (-84%) from 2020

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

2021

Assets$39,760,197
Liabilities$35,384,303
Net Assets$4,375,894

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

2021

Revenue$115,882,548
Expenses$115,428,062
Net Income$454,486
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$115,882,548
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$28,034,258$33,716,927▲ $5,682,669
Receivables From Officers Etc$1,984,788$3,027,062▲ $1,042,274
Cash and Non-Interest-Bearing Accounts$763,217$1,707,881▲ $944,664
Land, Buildings, and Equipment, Net$1,017,902$820,382▼ $197,520
Other Notes and Loans Receivable, Net-$50,920-
Prepaid Expenses and Deferred Charges$756,045$37,382▼ $718,663
Total Assets$32,955,502$39,760,197▲ $6,804,695
Other Assets Total$399,292$399,643▲ $351
Liabilities
Accounts Payable and Accrued Expenses$17,936,546$27,442,593▲ $9,506,047
Unsecured Notes Loans Payable$11,285,891$7,941,710▼ $3,344,181
Total Liabilities$29,222,437$35,384,303▲ $6,161,866
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,733,065$4,375,894▲ $642,829
Total Net Assets Fund Balance$3,733,065$4,375,894▲ $642,829
Total Liabilities and Net Assets / Fund Balance$32,955,502$39,760,197▲ $6,804,695

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$465,992$1,157,288$1,623,280
Leasehold Improvements$354,390$1,186,907$1,541,297
Other Land Buildings-$130,025$130,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jack BrownPresident &PT$401,760$365,118$766,878
Jack BrownPresident & CEO-$401,760$11,272$413,032
Colleen Bonnick-greenVP of OperatFT$273,001$96,499$369,500
Gordon JacksonVP of CommunPT$222,111$137,412$359,523
Keisha PhippsVP of AdminiPT$271,133$73,539$344,672
Wendy S WeingartVP of GeneraFT$223,817$77,827$301,644
Colleen Bonnick-greenVP of Operations-$273,001$22,653$295,654
Keisha PhippsVP of Administration-$271,133$12,001$283,134
Mallory JonesVP of HumanFT$227,350$32,827$260,177
Mallory JonesVP of Human Resource-$227,350$32,827$260,177
Wendy S WeingartVP of General Consul-$223,817$32,827$256,644
Gordon JacksonVP of Community Affa-$222,111$19,720$241,831
Lawrence WhitesideMember-$50,402-$50,402

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pro Core LLCSecurity45 MAIN ST, STE 711, Brooklyn, NY 11201$16,888,447
Flavor Foods LLCFood Dist.45 MAIN ST, STE 711, Brooklyn, NY 11201$4,474,705
Core Facilities Management LLCProperty Mgmt.45 MAIN ST, STE 711, Brooklyn, NY 11201$601,377
Mitchell & Titus LLP-80 PINE ST, Brooklyn, NY 10005$202,000
Satelitte Tracking Of People LLC-PO 639098, Cincinnati, OH 45263$172,464
Revenue and Support

Revenue Composition

Contributions and Grants
$4,334,832
Program Service Revenue
$111,162,210
Investment Income
$0
Other Revenue
$385,506
All Other Contributions
$4,500
Change in Net Assets
$454,486

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$4,330,332
Total Noncash Contributions1$4,330,332
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$81,298,425
Salaries, Compensation, and Employee Benefits$34,129,637
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$47,056,160$427,717-$47,483,877
Other Salaries and Wages$23,423,183$4,271,542-$27,694,725
Other Employee Benefits$2,840,009$547,827-$3,387,836
Payroll Taxes$2,262,818$320,824-$2,583,642
All Other Expenses$1,338,287$452,159-$1,790,446
Insurance$1,286,787$120,115-$1,406,902
Office Expenses$685,931$242,098-$928,029
Fees for Services Other$59,165$772,585-$831,750
Fees for Services Legal$10,815$734,781-$745,596
Other Expenses$666,108$35,161-$701,269
Current Officers, Directors, Trustees, and Key Employees$50,402$413,032-$463,434
Depreciation Depletion$422,350--$422,350
Fees for Services Accounting-$377,834-$377,834
Travel$25,487$43,892-$69,379
Total Functional Expenses$106,619,456$8,808,606$0$115,428,062
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$1,062,369
Gordon JacksonOwned by OfficrSee Note 2 BelowNo$361,687
-Trustee BrotherPayroll CompensationNo$243,181
-Owned by OfficrSee Note 3 BelowNo$88,267
-Owned by OfficrSee Note 3 BelowNo$23,306

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$1,984,788$3,027,062▲ $1,042,274
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
2022-11-14
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
975

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/TitleTxt2VP OF COMMUN
IRS990/Form990PartVIISectionAGrp/TitleTxt3VP OF ADMINI
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP OF GENERA
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP OF HUMAN
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt148881
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt235161
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt0650592
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01093439
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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