Core Services Group Inc
Only 28% goes to programs Thin reserves Declining revenue
Core Services Group Inc is a 501(c)(3) organization based in Brooklyn, New York, registered in 2007, with $357,047 in FY2023 revenue. CharityIndex grades it C, and it directs about 28% of spending to programs.
45 Main St Ste 711, Brooklyn, NY, 11201 EIN 14-1925944 Since 2007
Revenue (FY2023)
$357K
▼ 97.0% vs prior year
Community median: $184K
Expenses (FY2023)
$3.7M
Net assets
-$15.7M
Employees
61
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating28% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Core Services Group Inc: 28% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -923% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Core Services Group Inc: 0 mo reserves · -923% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Core Services Group Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Core Services Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide shelter and supportive services to underserved individuals and families.the org operates culturally-sensitive emergency and transitional housing for homelessindividuals and families and a residential reentry center for formerly incarcertaedwoman and men (returning citizens). our programs are designed to help equip clientswith the tools needed to successfuly address the challenges of independt living andself-sufficiency.
Contact & location
- Address
- 45 Main St Ste 711, Brooklyn, NY, 11201
- City
- Brooklyn
- State
- New York
- Subcategory
- Community & Neighborhood Development
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $7.5M (FY2013) to $357K (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $48.5MNet assets -$15.7M
Operating margin
-922.7%
Spent more than it raised in the latest fiscal year.
Total assets
$32.8M
Total liabilities
$48.5M
Net assets
-$15.7M
Salaries & benefits
$2.0M
55% of expenses
Board members
5
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $357,047▼97.0% | $3,651,364▼87.1% | -$15,716,621▼32.0% | $32,756,434▼6.1% | 990 |
| 2022 | $11,964,805▼89.7% | $28,328,056▼75.5% | -$11,906,960▼372% | $34,878,290▼12.3% | 990 |
| 2021 | $115,882,548▲2.0% | $115,428,062▲4.1% | $4,375,894▲17.2% | $39,760,197▲20.6% | 990 |
| 2020 | $113,655,647▲7.1% | $110,863,921▲6.4% | $3,733,065▲297% | $32,955,502▲172% | 990 |
| 2019 | $106,086,877▲73.4% | $104,174,787▲73.1% | $941,339▲197% | $12,104,913▼17.0% | 990 |
| 2018 | $61,186,683▲157% | $60,172,492▲158% | -$970,751▲51.1% | $14,592,260▲134% | 990 |
| 2017 | $23,852,461▲124% | $23,300,272▲71.8% | -$1,984,942▲21.8% | $6,229,091▲168% | 990 |
| 2016 | $10,656,858▲0.5% | $13,560,126▲27.8% | -$2,537,132▼823% | $2,324,084▲1.1% | 990 |
| 2015 | $10,608,539▲11.6% | $10,608,074▲11.9% | $350,716▲61.3% | $2,298,626▼1.9% | 990 |
| 2014 | $9,502,465▲26.3% | $9,478,565▲25.8% | $217,435▲12.3% | $2,343,364▲0.1% | 990 |
| 2013 | $7,525,954 | $7,534,204▲30.2% | $193,535▼51.2% | $2,340,017▼19.5% | 990 |
| 2012 | — | $5,788,326▲67.5% | $396,646▲648% | $2,907,958▲35.1% | 990 |
| 2011 | — | $3,456,235▲102% | -$72,430▼122% | $2,152,115▲326% | 990 |
| 2010 | — | $1,707,093 | $331,056 | $504,773 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Wendy S Weingart — $108,776 (2.98% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Wendy S Weingart | Vp of General Coun | 15 | $108,776 |
| Bobby Jackson | Treasurer | 1 | — |
| Dr Sandra Dupree | Chairman | 1 | — |
| Jack Brown | President & Ceo | 15 | — |
| Jason Jones | Member | 1 | — |
| Lawrence Whiteside | Secretary | 1 | — |
| Patrick Young | Member | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Cfs Gold Street LLC | Occupancy | $173,744 |
Grants received · $15K total
2 grants to Core Services Group Inc totaling $15K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Food Bank For New York City | Program support | 2021 | $6,961 |
| Food Bank For New York City | Program support | 2020 | $7,617 |
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Frequently asked questions
- Is Core Services Group Inc a legitimate nonprofit?
- Yes. Core Services Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 14-1925944, based in Brooklyn, New York. Donations are tax-deductible.
- What is Core Services Group Inc's EIN?
- Core Services Group Inc's Employer Identification Number (EIN) is 14-1925944.
- How much revenue does Core Services Group Inc report?
- Core Services Group Inc reported $357,047 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Core Services Group Inc's spending goes to programs?
- Core Services Group Inc spends about 28% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Core Services Group Inc have?
- CharityIndex grades Core Services Group Inc C, based on program efficiency and fundraising cost.
- How much does Core Services Group Inc's highest-paid employee make?
- The highest reported compensation on Core Services Group Inc's latest Form 990 is $108,776, paid to Wendy S Weingart (Vp of General Coun).
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Data for Core Services Group Inc (EIN 14-1925944) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.