Overview
What is Core Services Group Inc?
Core Services Group Inc is a nonprofit organization based in Brooklyn, New York. With a team of 478 employees, they provide shelter and supportive services to underserved individuals and families. Their offerings include culturally-sensitive emergency and transitional housing for the homeless and a residential reentry center for formerly incarcerated women and men. Core's mission is to help clients overcome the challenges of independent living and self-sufficiency. They operate numerous facilities in New York City, striving to make a positive impact on the community.
Official website here: www.coresvcs.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Core Services Group Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and finance. While the organization has a strong governance structure with 100% independent board members, it faces significant challenges due to the absence of financial statements, which raises concerns about transparency. The liabilities to assets ratio is notably high, suggesting potential financial instability.
On the positive side, the organization demonstrates a strong commitment to program expenses, with 90.29% of its budget allocated to programs. This high program expense ratio reflects a focus on fulfilling its mission and serving its community effectively. Additionally, Core Services Group Inc has established various policies, including conflict of interest and whistleblower protections, which enhance its governance framework.
Despite these strengths, the lack of posted financial statements on its website and a concerning liabilities to assets ratio warrant attention. Addressing these issues could help the organization improve its rating and build greater trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Core Services Group Inc legitimate?
Core Services Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Core Services Group 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: $19,231
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,651,182
For more financial information, click here
Official website here: www.coresvcs.org
What is the mission statement of Core Services Group Inc?
Core Services Group Inc is committed to providing shelter and supportive services to underserved individuals and families. They operate culturally-sensitive emergency and transitional housing for homeless individuals and families, as well as a residential reentry center for formerly incarcerated women and men. Core's programs are designed to help equip clients with the essential tools needed to successfully address the challenges of independent living and self-sufficiency. The organization prioritizes providing culturally-sensitive services to ensure that each individual receives the necessary support for their unique circumstances. Through its various housing and reentry initiatives, Core Services Group aims to empower and uplift those in need, enabling them to build a foundation for a brighter and more stable future.
Official website here: www.coresvcs.org
Who is the CEO of Core Services Group Inc?
Jack Brown is the President & of Core Services Group Inc.
Official website here: www.coresvcs.org
What is the revenue of Core Services Group Inc?
Core Services Group Inc's revenue in 2022 was $11,964,805.
Official website here: www.coresvcs.org
Who are the executives of Core Services Group Inc and what are their salaries?
The average compensation at Core Services Group Inc during 2022 was $18,139. There are 478 employees at Core Services Group Inc.
Here are 11 key members and their salaries:
- Compensation: $19,231
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $287,500
- Related: $0
- Other: $39,394
- Compensation: $250,000
- Related: $0
- Other: $10,813
- Compensation: $214,423
- Related: $0
- Other: $16,374
- Compensation: $190,000
- Related: $0
- Other: $21,641
- Compensation: $190,000
- Related: $0
- Other: $38
Official website here: www.coresvcs.org
Where can I find the form 990 for Core Services Group Inc?
Core Services Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coresvcs.org
Learn more at the official website: www.coresvcs.org
Mission Statement of Core Services Group Inc
Core Services Group Inc, a mission-driven organization, is committed to providing shelter and supportive services to underserved individuals and families. With culturally-sensitive emergency and transitional housing for homeless individuals and families, and a residential reentry center for formerly incarcerated women and men, Core Services Group aims to equip clients with the necessary tools to tackle the challenges of independent living and self-sufficiency.
Core Services Group's mission is twofold. Firstly, it focuses on providing shelter to those in need. The organization operates culturally-sensitive housing facilities that serve as safe havens for homeless individuals and families, offering them a chance to regain stability and rebuild their lives. Secondly, Core Services Group offers supportive services designed to help clients address the various challenges they face as they work towards self-sufficiency. These programs are tailored to meet the unique needs of each client and provide them with the resources they need to succeed.
In summary, Core Services Group Inc is a compassionate organization dedicated to helping underserved individuals and families. Through its culturally-sensitive housing and supportive services, Core Services Group empowers its clients to overcome the challenges of homelessness and reentry into society, ultimately helping them to lead more fulfilling and independent lives.
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Impact
October, 2024
Core Services Group Inc actively addresses homelessness and supports reintegration for formerly incarcerated individuals and families in Brooklyn, NY. Through its culturally-sensitive emergency and transitional housing programs, it provides essential shelter to underserved populations, fostering an environment where clients can begin their path to stability.
Additionally, the residential reentry center plays a significant role in helping returning citizens navigate the challenges they face upon reentering society. By offering supportive services that equip clients with vital skills for independent living and self-sufficiency, Core Services Group Inc not only aids in individual rehabilitation but also contributes to broader community improvement. Their work ultimately enhances the quality of life for many, decreasing the cycles of homelessness and incarceration within the community.
This information is meant to be a general summary of Core Services Group 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.
- Program Service Revenue: $11,964,805
- Gross Receipts: $11,964,805
Assets and Liabilities:
- Total Assets: $34,878,290
- Total Liabilities: $46,785,250
- Net Assets: -$11,906,960
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL SERVICES
Revenue
$11,786,745
MANAGEMENT FEES
Revenue
$178,060
Organization Details
Founding Year
2005
Phone
(718) 801-8050Principal Officer
Jack Brown
Main Address
45 MAIN STREET SUITE 711, BROOKLYN, NY, 11201
Website
www.coresvcs.orgNTEE Category
Code: S20 - Community improvement
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