City Mission of Schenectady

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 8/23/2021. To update the information in this column, please email: info@ministrywatch.com


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: Jim Dean

Board size: 8

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

CategoryRatingOverall rankSector rank
Overall efficiency rating457 of 94184 of 160
Fund acquisition rating371 of 94365 of 160
Resource allocation rating488 of 94382 of 160
Asset utilization rating540 of 941107 of 160

Financial ratios

Funding ratiosSector median20202019201820172016
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%8%7%7%9%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%7%6%5%7%8%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%85%80%78%77%87%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%9%8%8%6%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%15%20%22%23%13%
 
Operating ratiosSector median20202019201820172016
Program expense ratio Program expense ratio =
Program services /
Total expenses
80%79%82%83%84%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
95%75%75%68%113%98%
Program output ratio Program output ratio =
Program services /
Total revenue
75%60%62%56%96%81%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
5%25%25%32%-13%2%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
4%12%14%23%-5%1%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%11%10%10%9%9%
 
Investing ratiosSector median20202019201820172016
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.580.350.410.450.410.53
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.762.202.372.202.582.55
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.240.770.981.001.071.36
 
Liquidity ratiosSector median20202019201820172016
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1426.9919.8122.5220.1441.27
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.040.050.040.050.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.4515.0111.6211.5110.668.61
 
Solvency ratiosSector median20202019201820172016
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
10%3%4%8%5%5%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%1%5%2%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
141%279%232%204%228%179%

Financials

Balance sheet
 
Assets20202019201820172016
Cash$4,820,831$3,536,340$3,412,611$1,785,008$2,099,463
Receivables, inventories, prepaids$671,297$738,265$763,701$395,455$372,229
Short-term investments$1,747,165$1,694,354$1,556,450$1,448,228$1,319,405
Other current assets$0$0$0$0$0
Total current assets$7,239,293$5,968,959$5,732,762$3,628,691$3,791,097
Long-term investments$912,285$912,285$912,285$0$0
Fixed assets$7,784,697$7,240,163$5,942,680$5,737,587$5,890,711
Other long-term assets$0$0$2,150$2,150$2,150
Total long-term assets$8,696,982$8,152,448$6,857,115$5,739,737$5,892,861
Total assets$15,936,275$14,121,407$12,589,877$9,368,428$9,683,958
 
Liabilities20202019201820172016
Payables and accrued expenses$266,243$288,817$212,347$172,675$91,865
Other current liabilities$2,000$12,517$42,260$7,531$0
Total current liabilities$268,243$301,334$254,607$180,206$91,865
Debt$0$89,931$580,303$186,577$214,325
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$134,371$125,745$133,427$144,726$160,783
Total long-term liabilities$134,371$215,676$713,730$331,303$375,108
Total liabilities$402,614$517,010$968,337$511,509$466,973
 
Net assets20202019201820172016
Without donor restrictions$14,523,304$12,249,297$10,577,668$7,459,044$7,998,973
With donor restrictions$1,010,357$1,355,100$1,043,872$1,397,875$1,218,012
Net assets$15,533,661$13,604,397$11,621,540$8,856,919$9,216,985
 
Revenues and expenses
 
Revenue20202019201820172016
Total contributions$6,258,486$6,263,004$6,510,705$2,654,776$4,590,334
Program service revenue$1,054,125$1,322,841$1,711,403$636,755$540,345
Membership dues$0$0$0$0$0
Investment income$43,119$73,727$43,251($3,686)$24,968
Other revenue$39,577$141,849$122,300$140,955$116,741
Total other revenue$1,136,821$1,538,417$1,876,954$774,024$682,054
Total revenue$7,395,307$7,801,421$8,387,659$3,428,800$5,272,388
 
Expenses20202019201820172016
Program services$4,423,347$4,809,075$4,713,310$3,280,151$4,296,594
Management and general$633,390$591,702$566,428$356,336$454,794
Fundraising$518,137$452,916$429,878$245,829$406,561
Total expenses$5,574,874$5,853,693$5,709,616$3,882,316$5,157,949
 
Change in net assets20202019201820172016
Surplus (deficit)$1,820,433$1,947,728$2,678,043($453,516)$114,439
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,820,433$1,947,728$2,678,043($453,516)$114,439

Compensation

NameTitleCompensation
Michael SaccocioCEO Executive Director$116,618
Timothy CastleCFO Associate Executive Director$113,999

Compensation data as of: 9/30/2020


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 8/23/2021. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

2020 Statistics:

188,916 meals served

28,485 nights of lodging


Needs

City Mission relies on the generous support of businesses, churches, organizations and caring individuals likes you! Your donations help to provide help and hope to people in need in our community.