City Mission of Schenectady 
Summary
The City Mission of Schenectady is dedicated to sharing the Gospel of Jesus Christ in word and deed. The ministries are seeking to comprehensively meet the needs of the poor in a manner that dignifies and strengthens the individual, the family, and the community.
Contact information
Mailing address:
City Mission of Schenectady
PO Box 760
Schenectady, NY 12301-2301
Website: www.citymission.com
Phone: (518) 346-2275
Email: writeus@citymission.com
Organization details
EIN: 141403652
CEO/President: Mr. Michael Saccocio
Chairman: Dennis Walsh
Board size: 11
Founder:
Year founded: 1953
Tax deductible: Yes
Fiscal year end: 09/30
Member of ECFA: Yes
Member of ECFA since: 1987
Purpose
The purpose of City Mission of Schenectady is to establish and maintain programs and ministries that address the physical, social and spiritual needs of the poor as well as those who are under-resourced.
Mission statement
Our goal is to provide not only HELP for today, but HOPE for tomorrow. We want to help people who are in need right now by meeting basic needs like food, shelter and clothing. Providing these life essentials are at the core of who we are.
Statement of faith
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 259 of 767 | 70 of 146 |
| Fund acquisition rating | | 257 of 768 | 48 of 146 |
| Resource allocation rating | | 247 of 768 | 61 of 146 |
| Asset utilization rating | | 440 of 767 | 100 of 146 |
Financial ratios
| Funding ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 10% | 7% | 7% | 9% | 9% | 8% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 8% | 6% | 5% | 7% | 8% | 7% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 90% | 80% | 78% | 77% | 87% | 87% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 9% | 8% | 8% | 6% | 8% | 8% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 10% | 20% | 22% | 23% | 13% | 13% |
| Operating ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 82% | 83% | 84% | 83% | 80% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 75% | 68% | 113% | 98% | 92% |
Program output ratio Program output ratio = Program services / Total revenue | 75% | 62% | 56% | 96% | 81% | 73% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 25% | 32% | -13% | 2% | 8% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 2% | 14% | 23% | -5% | 1% | 5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 10% | 10% | 10% | 9% | 9% | 12% |
| Investing ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.62 | 0.41 | 0.45 | 0.41 | 0.53 | 0.52 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 3.89 | 2.37 | 2.20 | 2.58 | 2.55 | 2.79 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.53 | 0.98 | 1.00 | 1.07 | 1.36 | 1.44 |
| Liquidity ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Current ratio Current ratio = Total current assets / Total current liabilities | 10.70 | 19.81 | 22.52 | 20.14 | 41.27 | 38.16 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.08 | 0.05 | 0.04 | 0.05 | 0.02 | 0.03 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.23 | 11.62 | 11.51 | 10.66 | 8.61 | 8.09 |
| Solvency ratios | Sector median | 2019 | 2018 | 2017 | 2016 | 2015 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 4% | 8% | 5% | 5% | 6% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 1% | 5% | 2% | 2% | 4% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 140% | 232% | 204% | 228% | 179% | 181% |
Financials
| Balance sheet | |||||
| Assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Cash | $3,536,340 | $3,412,611 | $1,785,008 | $2,099,463 | $1,647,404 |
| Receivables, inventories, prepaids | $738,265 | $763,701 | $395,455 | $372,229 | $662,472 |
| Short-term investments | $1,694,354 | $1,556,450 | $1,448,228 | $1,319,405 | $1,131,011 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $5,968,959 | $5,732,762 | $3,628,691 | $3,791,097 | $3,440,887 |
| Long-term investments | $912,285 | $912,285 | $0 | $0 | $0 |
| Fixed assets | $7,240,163 | $5,942,680 | $5,737,587 | $5,890,711 | $6,152,222 |
| Other long-term assets | $0 | $2,150 | $2,150 | $2,150 | $2,150 |
| Total long-term assets | $8,152,448 | $6,857,115 | $5,739,737 | $5,892,861 | $6,154,372 |
| Total assets | $14,121,407 | $12,589,877 | $9,368,428 | $9,683,958 | $9,595,259 |
| Liabilities | 2019 | 2018 | 2017 | 2016 | 2015 |
| Payables and accrued expenses | $288,817 | $212,347 | $172,675 | $91,865 | $90,180 |
| Other current liabilities | $12,517 | $42,260 | $7,531 | $0 | $0 |
| Total current liabilities | $301,334 | $254,607 | $180,206 | $91,865 | $90,180 |
| Debt | $89,931 | $580,303 | $186,577 | $214,325 | $351,848 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $125,745 | $133,427 | $144,726 | $160,783 | $162,717 |
| Total long-term liabilities | $215,676 | $713,730 | $331,303 | $375,108 | $514,565 |
| Total liabilities | $517,010 | $968,337 | $511,509 | $466,973 | $604,745 |
| Net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Unrestricted | $12,249,297 | $10,577,668 | $7,459,044 | $7,998,973 | $7,927,819 |
| Temporarily restricted | $716,301 | $480,903 | $835,113 | $684,679 | $529,362 |
| Permanently restricted | $638,799 | $562,969 | $562,762 | $533,333 | $533,333 |
| Net assets | $13,604,397 | $11,621,540 | $8,856,919 | $9,216,985 | $8,990,514 |
| Revenues and expenses | |||||
| Revenue | 2019 | 2018 | 2017 | 2016 | 2015 |
| Total contributions | $6,263,004 | $6,510,705 | $2,654,776 | $4,590,334 | $4,722,268 |
| Program service revenue | $1,322,841 | $1,711,403 | $636,755 | $540,345 | $436,242 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $73,727 | $43,251 | ($3,686) | $24,968 | $159,520 |
| Other revenue | $141,849 | $122,300 | $140,955 | $116,741 | $109,373 |
| Total other revenue | $1,538,417 | $1,876,954 | $774,024 | $682,054 | $705,135 |
| Total revenue | $7,801,421 | $8,387,659 | $3,428,800 | $5,272,388 | $5,427,403 |
| Expenses | 2019 | 2018 | 2017 | 2016 | 2015 |
| Program services | $4,809,075 | $4,713,310 | $3,280,151 | $4,296,594 | $3,988,912 |
| Management and general | $591,702 | $566,428 | $356,336 | $454,794 | $580,908 |
| Fundraising | $452,916 | $429,878 | $245,829 | $406,561 | $400,015 |
| Total expenses | $5,853,693 | $5,709,616 | $3,882,316 | $5,157,949 | $4,969,835 |
| Change in net assets | 2019 | 2018 | 2017 | 2016 | 2015 |
| Surplus (deficit) | $1,947,728 | $2,678,043 | ($453,516) | $114,439 | $457,568 |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,947,728 | $2,678,043 | ($453,516) | $114,439 | $457,568 |
Compensation
| Name | Title | Compensation |
| Michael Saccocio | CEO Executive Director | $116,088 |
| Timothy Castle | CFO Associate Executive Director | $105,925 |
Compensation data as of: 9/30/2019
Response from ministry
No response has been provided by this ministry.