Civic Intelligence

Core Services Group Inc.

990 • Fiscal year 2022 • EIN 14-1925944

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 16, 2023

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

98th percentile

1.34x

Higher debt load relative to assets than 98% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

92nd percentile

3.91x

Higher debt load relative to revenue than 92% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

3rd percentile

-137%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

66th percentile

$326,894

Higher top officer pay than 66% of similar nonprofits.

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

15th percentile

-12%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

1st percentile

-90%

Faster revenue growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$34,878,290

Down $4,881,907 (-12%) from 2021

Net Assets

Down

-$11,906,960

Down $16,282,854 (-372%) from 2021

Liabilities

Up

$46,785,250

Up $11,400,947 (+32%) from 2021

Revenue

Down

$11,964,805

Down $103,917,743 (-90%) from 2021

Expenses

Down

$28,328,056

Down $87,100,006 (-75%) from 2021

Net Income

Down

-$16,363,251

Down $16,817,737 (-3700%) from 2021

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

2022

Assets$34,878,290
Liabilities$46,785,250
Net Assets-$11,906,960

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

2022

Revenue$11,964,805
Expenses$28,328,056
Net Income-$16,363,251
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$11,964,805
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$33,716,927$30,651,115▼ $3,065,812
Receivables From Officers Etc$3,027,062$3,000,559▼ $26,503
Cash and Non-Interest-Bearing Accounts$1,707,881--
Land, Buildings, and Equipment, Net$820,382$496,213▼ $324,169
Other Notes and Loans Receivable, Net$50,920$315,754▲ $264,834
Prepaid Expenses and Deferred Charges$37,382$37,382→ $0
Total Assets$39,760,197$34,878,290▼ $4,881,907
Other Assets Total$399,643$377,267▼ $22,376
Liabilities
Accounts Payable and Accrued Expenses$27,442,593$36,490,067▲ $9,047,474
Unsecured Notes Loans Payable$7,941,710$10,295,183▲ $2,353,473
Total Liabilities$35,384,303$46,785,250▲ $11,400,947
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,375,894$-11,906,960▼ $16,282,854
Total Net Assets Fund Balance$4,375,894$-11,906,960▼ $16,282,854
Total Liabilities and Net Assets / Fund Balance$39,760,197$34,878,290▼ $4,881,907

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$249,344$1,373,936$1,623,280
Leasehold Improvements$246,869$1,289,661$1,536,530
Other Land Buildings-$130,025$130,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy S WeingartVP of GeneraFT$287,500$39,394$326,894
Wendy S WeingartVP of General Consul-$287,500$39,394$326,894
Keisha PhippsVP of AdminiFT$250,000$10,813$260,813
Keisha PhippsVP of Administration-$250,000$10,813$260,813
Colleen Bonnick-greenVP of OperatFT$214,423$16,374$230,797
Colleen Bonnick-greenVP of Operations-$214,423$16,374$230,797
Rivas Marie DVP of OperFT$190,000$21,641$211,641
Mallory JonesVP of HumanFT$190,000$38$190,038
Mallory JonesVP of Human Resource-$190,000$38$190,038
Jack BrownPresident &PT$19,231-$19,231

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Pro Core LLCSecurity45 MAIN ST, STE 711, Brooklyn, NY 11201$1,132,234
Dechert LLPLegal1095 AVE OF THE AMERICAS, New York, NY 10036$407,712
Kostelanetz LLPLegal7 WORLD TRADE CENTER, New York, NY 10007$138,491
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$11,964,805
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-16,363,251
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,398,614
Salaries, Compensation, and Employee Benefits$10,929,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$9,295,772$462,078-$9,757,850
Other Salaries and Wages$5,844,863$2,806,319-$8,651,182
Other Employee Benefits$1,060,487$460,635-$1,521,122
Fees for Services Legal$4,521$1,510,831-$1,515,352
All Other Expenses$378,087$423,694-$801,781
Payroll Taxes$552,817$185,090-$737,907
Office Expenses$221,125$370,699-$591,824
Fees for Services Other$32,700$550,845-$583,545
Insurance$520,807$29,037-$549,844
Depreciation Depletion-$319,402-$319,402
Other Expenses$79,425$234,232-$313,657
Fees for Services Accounting-$97,756-$97,756
Travel$4,309$71,655-$75,964
Current Officers, Directors, Trustees, and Key Employees-$19,231-$19,231
Total Functional Expenses$20,400,528$7,927,528$0$28,328,056
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
-Trustee SpousePayroll CompensationNo$190,000
-Trustee BrotherPayroll CompensationNo$161,070
Mallory JonesOwned by OfficrSee Note 1 BelowNo$129,770
Gordon JacksonOwned by OfficrSee Note 1 BelowNo$6,327

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,027,062$3,000,559▼ $26,503
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.

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
2023-11-16
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
478

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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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0WENDY S WEINGART
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KEISHA PHIPPS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2COLLEEN BONNICK-GREEN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3RIVAS MARIE D
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4MALLORY JONES
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0VP OF GENERAL CONSUL
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2VP OF OPERATIONS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3VP OF OPER
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CORE DEVELOPMENT COMPANY LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CORE DC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0GORDON JACKSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1MALLORY JONES
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0OWNED BY OFFICR

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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