Overview
What is The Fortune Society Inc?
The Fortune Society Inc, situated in Long Island City, New York, is a nonprofit organization dedicated to empowering homeless, formerly incarcerated individuals, and their families by offering stable and affordable housing. They operate a variety of housing programs, including the Fortune Academy (The Castle), Castle Gardens, and a scatter-site housing program. These initiatives provide emergency, transitional, and permanent housing, addressing both immediate and long-term needs. Participating clients are given the opportunity to start anew and become self-sufficient members of society, with the ongoing support of Fortune's reentry services. In FY2022, they served 206 scattered-site clients, 65 clients at The Fortune Academy, and 60 active supportive housing clients at Castle Gardens. The Fortune Society's mission is to support successful re-entry from incarceration and strengthen communities by providing a comprehensive array of services, including career development, education, health services, housing, substance abuse treatment, counseling, drop-in-services, and advocacy.
Official website here: www.fortunesociety.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 75% - Three-Star out of Four Star rating
The Fortune Society Inc has received a Three-Star rating from Charity Navigator, which indicates a solid level of accountability and financial health. The score is primarily based on their Accountability & Finance metrics, where they achieved a score of 75%. This rating reflects the organization's commitment to transparency and good governance practices, as demonstrated by their compliance with various best practices.
Strengths of The Fortune Society include their high marks for having a fully independent board, with all members meeting the criteria for independence. They also excel in demonstrating no material diversion of assets, maintaining strong conflict of interest and whistleblower policies, and providing accessible documentation of board meeting minutes. Additionally, they have a commendable program expense ratio of 83.74%, indicating that a large portion of their expenditures goes directly to their programs rather than administrative costs.
However, the organization has a liabilities to assets ratio of 58.38%, which suggests they have a significant level of liabilities relative to their assets. While this is not uncommon for nonprofits, it could indicate financial pressures that might affect sustainability in the long term. Despite this, their overall financial practices and governance structure appear to position them well within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Fortune Society Inc?
98% of 44 reviewers on Facebook recommend The Fortune Society Inc. Here is a summary of their reviews:
The sentiment towards The Fortune Society is overwhelmingly positive, with many users expressing appreciation for the services and support provided. Reviewers commend the organization for its commitment to helping individuals reintegrate into society, particularly those who have been involved in the criminal justice system. The positive recommendations highlight a strong belief in the mission and values of the nonprofit.
Overall, it appears that The Fortune Society effectively delivers on its promises, and users feel that the resources it offers are impactful and valuable. The organization's dedication to fostering hope and providing essential services resonates well with those who have experienced its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is The Fortune Society Inc legitimate?
The Fortune Society Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Fortune Society Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $902,194
Professional Fundraising Fees: $50,000
Other Salaries and Wages: $20,238,318
For more financial information, click here
Official website here: www.fortunesociety.org
What is the mission statement of The Fortune Society Inc?
The Fortune Society's mission is to support the successful re-entry of individuals who have been at-risk or incarcerated and strengthen communities by promoting alternatives to incarceration. They provide a comprehensive range of services, including career development, education, health services, housing, substance abuse treatment, counseling, drop-in services, and advocacy, catering to each individual's unique needs and experiences. The organization advocates for a world where formerly incarcerated men and women can become contributing members of society. Through their housing programs, they offer stable and affordable housing, enabling clients to take the first steps towards self-sufficiency and continuing engagement in reentry services. In FY2022, they served 206 scatter-site clients, 65 clients at their transitional housing facility, and 60 active supportive housing clients. Most clients transitioned to permanent housing in the community while continuing to utilize the array of support services offered.
Official website here: www.fortunesociety.org
Who is the CEO of The Fortune Society Inc?
Joanne Page is the Director of The Fortune Society Inc. The CEO's salary of The Fortune Society Inc is $274,809 and their total compensation is $306,351.
Official website here: www.fortunesociety.org
What is the revenue of The Fortune Society Inc?
The Fortune Society Inc's revenue in 2022 was $59,216,910.
Official website here: www.fortunesociety.org
Who are the executives of The Fortune Society Inc and what are their salaries?
The average compensation at The Fortune Society Inc during 2022 was $30,727. There are 688 employees and 75 volunteers at The Fortune Society Inc.
Here are 40 key members and their salaries (The Fortune Society Inc's CEO's salary is $274,809 and their total compensation is $306,351):
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Official website here: www.fortunesociety.org
Where can I find the form 990 for The Fortune Society Inc?
The Fortune Society Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fortunesociety.org
Learn more at the official website: www.fortunesociety.org
Mission Statement of The Fortune Society Inc
The Fortune Society, a mission-driven organization, is dedicated to supporting the successful re-entry of individuals who have been incarcerated and promoting alternatives to incarceration. By offering a comprehensive range of services, including career development, education, health services, housing, substance abuse treatment, counseling, drop-in services, and advocacy, The Fortune Society caters to the unique needs and experiences of each individual as they embark on their journey toward becoming self-sufficient members of society.
The Fortune Society believes in a world where at-risk individuals, those who have been incarcerated, and formerly incarcerated men and women can contribute positively to society. Through its work, The Fortune Society supports the successful re-entry of formerly incarcerated men and women and advocates for alternatives to incarceration, thereby strengthening the fabric of our communities.
Among the organization's key initiatives is its housing program, which empowers homeless, formerly incarcerated individuals, and their families to build better futures through stable and affordable housing. The Fortune Society operates various housing programs, including The Fortune Academy (also known as "The Castle"), which provides supportive emergency and transitional housing, and Castle Gardens, which offers supportive permanent housing. These programs cater to both the immediate and long-term needs of The Fortune Society's clients, enabling them to take the first steps toward self-sufficiency while continuing to engage in the array of reentry services offered by the organization. In the 2022 fiscal year, The Fortune Society served 206 clients through its scatter-site housing program, 65 clients at The Fortune Academy, and 60 active supportive housing clients at Castle Gardens. Most clients leaving The Fortune Society's transitional housing successfully transitioned to permanent housing in the community, continuing to engage in the organization's supportive services.
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Impact
October, 2024
The Fortune Society Inc. plays a crucial role in transforming the lives of individuals who have experienced incarceration, fostering their successful reintegration into society. By offering a comprehensive array of services—including career development, education, health services, and substance abuse treatment—the organization addresses the diverse needs of its clients, enabling them to navigate the challenges of re-entry.
With dedicated housing programs, The Fortune Society empowers formerly incarcerated individuals and their families by providing stable and affordable living options. Through supportive emergency and transitional housing at facilities like The Fortune Academy, as well as permanent housing initiatives, clients gain the foundation necessary to build better futures. In the fiscal year 2022, the organization assisted numerous individuals in transitioning to permanent housing, while ensuring they remained connected to vital support services.
This commitment not only aids individuals but also strengthens the overall community fabric. By promoting alternatives to incarceration, The Fortune Society contributes to reducing recidivism and fostering social cohesion. Their advocacy and comprehensive support services affirm the belief that everyone, regardless of their past, has the potential to become a positive, contributing member of society.
This information is meant to be a general summary of The Fortune Society Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$459
- Program Service Revenue: $2,432,132
- Gross Receipts: $59,716,051
Assets and Liabilities:
- Total Assets: $33,781,145
- Total Liabilities: $10,017,279
- Net Assets: $23,763,866
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAID PMT
Revenue
$1,869,827
SOCIAL SERVICE FEE
Revenue
$491,874
WAGE SUBSIDY
Revenue
$70,431
Organization Details
Founding Year
1967
Phone
(212) 691-7554Principal Officer
Joanne Page
Main Address
29-76 NORTHERN BOULEVARD, LONG ISLAND CITY, NY, 11101
Website
www.fortunesociety.orgNTEE Category
Code: F22Z - Mental health
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