Overview
What is Postgraduate Center Residence Ii Of New York Inc?
Postgraduate Center Residence II of New York Inc is a nonprofit organization based in New York City that specializes in providing housing and community support for mentally ill individuals. Their mission is to help seriously and persistently mentally ill adults transition from hospital stays to community living, offering a transitional residence and supported housing apartments. The transitional residence, named Residence II, accommodates thirty-two adults and assists in their well-being, enabling them to develop the necessary skills for independent living. Tenants in the supported housing program pay a portion of their income towards rent, with the balance subsidized, and may stay for as long as they wish. The organization has successfully discharged twelve residents to alternative levels of care over the past year and admitted twelve high-needs clients from state or acute care psychiatric units, who have transitioned smoothly to the site and continue to receive services.
Official website here: www.pgcmh.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 52%, One-Star out of Four Star rating.
Postgraduate Center Residence II of New York Inc has received a One-Star rating due to its low overall score of 52%, which indicates significant concerns regarding its accountability and financial practices. The rating is based entirely on one beacon score, with the majority of points coming from the program expense ratio, reflecting a high commitment to program spending. However, the organization falters in several areas of transparency and governance.
The charity has demonstrated strong financial management in some respects, such as receiving full points for its audit process and not showing any material diversion of assets. Nonetheless, the absence of essential policies, like a conflict of interest policy and a whistleblower policy, as well as missing documentation for board meeting minutes, raises concerns about its governance practices. Additionally, the organization's liabilities exceed its assets, which could pose financial sustainability issues in the long run.
Overall, while Postgraduate Center Residence II shows commitment to its programs, the lack of adequate governance policies and the concerning financial health indicated by its liabilities may warrant further scrutiny from potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Postgraduate Center Residence Ii Of New York Inc legitimate?
Postgraduate Center Residence Ii Of New York Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Postgraduate Center Residence Ii Of New York 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pgcmh.org
What is the mission statement of Postgraduate Center Residence Ii Of New York Inc?
The Postgraduate Center Residence II of New York Inc is dedicated to providing community residences and housing facilities that cater to the well-being of mentally ill and elderly individuals. Their community residence programs are designed to assist consumers in making a smooth transition from long-term or revolving-door hospital stays to life in the community. When consumers have developed the necessary stability and skills to live independently, they may move to a supported housing apartment operated by the center. The center's mission is to provide housing specifically designed for mentally ill and elderly persons, with a focus on transitional residences for those who have been discharged from hospitals. The center offers services to seriously and persistently mentally ill adults, with the aim of helping them transition to alternative levels of care when they are ready.
Official website here: www.pgcmh.org
Who is the CEO of Postgraduate Center Residence Ii Of New York Inc?
Jacob Barak Phd is the President & Ceo of Postgraduate Center Residence Ii Of New York Inc. The CEO's salary of Postgraduate Center Residence Ii Of New York Inc is $0 and their total compensation is $927,435.
Official website here: www.pgcmh.org
What is the revenue of Postgraduate Center Residence Ii Of New York Inc?
Postgraduate Center Residence Ii Of New York Inc's revenue in 2022 was $570,808.
Official website here: www.pgcmh.org
Who are the executives of Postgraduate Center Residence Ii Of New York Inc and what are their salaries?
There 4 volunteers at Postgraduate Center Residence Ii Of New York Inc.
Here are 4 key members and their salaries (Postgraduate Center Residence Ii Of New York Inc's CEO's salary is $0 and their total compensation is $927,435):
- Compensation: $0
- Related: $769,110
- Other: $158,325
- Compensation: $0
- Related: $229,317
- Other: $60,757
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pgcmh.org
Where can I find the form 990 for Postgraduate Center Residence Ii Of New York Inc?
Postgraduate Center Residence Ii Of New York Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pgcmh.org
Learn more at the official website: www.pgcmh.org
Mission Statement of Postgraduate Center Residence Ii Of New York Inc
The Postgraduate Center Residence II of New York Inc is committed to providing community residences and housing facilities specifically tailored to enhance the well-being of mentally ill and elderly individuals. Their community residence programs focus on assisting consumers with the challenging transition from long-term or revolving-door hospital stays to life in the community. When a consumer has developed the stability and skills needed to live independently, they may transition to a supported housing apartment operated by the Postgraduate Center Residence II. In this more independent level of housing, tenants contribute a portion of their income towards their rent, with the balance being made up through a rent subsidy. The organization allows consumers to stay in the supported housing program for as long as they wish.
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Impact
July, 2024
Postgraduate Center Residence II of New York Inc has a significant impact on the community by providing housing and support services specifically designed to promote the well-being of the mentally ill and elderly persons. Through their community residence programs and supported housing apartments, they assist consumers in transitioning from long-term hospital stays to independent living in the community. This organization plays a crucial role in helping individuals with serious and persistent mental illness access the care and support they need to thrive. Their focus on mental health services contributes to the overall well-being of the individuals they serve, enabling them to live more independently and improve their quality of life.
This information is meant to be a general summary of Postgraduate Center Residence Ii Of New York 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: $97
- Program Service Revenue: $128,358
- Gross Receipts: $570,808
Assets and Liabilities:
- Total Assets: $1,482,662
- Total Liabilities: $1,632,103
- Net Assets: -$149,441
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$128,358
Organization Details
Founding Year
1987
Phone
(212) 889-5500Principal Officer
Jacob Barak Phd
Main Address
158 EAST 35TH STREET, NEW YORK, NY, 10016
Website
www.pgcmh.orgNTEE Category
Code: F34Z - Mental health
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