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

This ministry has not been assigned a transparency grade.

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating216 of 66033 of 91
Fund acquisition rating206 of 66226 of 91
Resource allocation rating276 of 66237 of 91
Asset utilization rating329 of 66056 of 91

Financial ratios

Funding ratiosSector median20182017201620152014
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
10%7%9%9%8%8%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
9%5%7%8%7%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
90%78%77%87%87%89%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
9%8%6%8%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
10%22%23%13%13%11%
 
Operating ratiosSector median20182017201620152014
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%83%84%83%80%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
98%68%113%98%92%91%
Program output ratio Program output ratio =
Program services /
Total revenue
78%56%96%81%73%74%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
2%32%-13%2%8%9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%23%-5%1%5%5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
10%10%9%9%12%10%
 
Investing ratiosSector median20182017201620152014
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.570.450.410.530.520.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
4.212.202.582.552.793.16
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.491.001.071.361.441.43
 
Liquidity ratiosSector median20182017201620152014
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.9822.5220.1441.2738.1657.97
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.040.050.020.030.02
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.2111.5110.668.618.098.23
 
Solvency ratiosSector median20182017201620152014
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%8%5%5%6%6%
Debt ratio Debt ratio =
Debt /
Total assets
1%5%2%2%4%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
147%204%228%179%181%207%

Financials

Balance sheet
 
Assets20182017201620152014
Cash$3,412,611$1,785,008$2,099,463$1,647,404$1,503,628
Receivables, inventories, prepaids$763,701$395,455$372,229$662,472$319,511
Short-term investments$1,556,450$1,448,228$1,319,405$1,131,011$1,112,339
Other current assets$0$0$0$0$0
Total current assets$5,732,762$3,628,691$3,791,097$3,440,887$2,935,478
Long-term investments$912,285$0$0$0$0
Fixed assets$5,942,680$5,737,587$5,890,711$6,152,222$6,351,560
Other long-term assets$2,150$2,150$2,150$2,150$0
Total long-term assets$6,857,115$5,739,737$5,892,861$6,154,372$6,351,560
Total assets$12,589,877$9,368,428$9,683,958$9,595,259$9,287,038
 
Liabilities20182017201620152014
Payables and accrued expenses$212,347$172,675$91,865$90,180$50,639
Other current liabilities$42,260$7,531$0$0$0
Total current liabilities$254,607$180,206$91,865$90,180$50,639
Debt$580,303$186,577$214,325$351,848$409,060
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$133,427$144,726$160,783$162,717$133,265
Total long-term liabilities$713,730$331,303$375,108$514,565$542,325
Total liabilities$968,337$511,509$466,973$604,745$592,964
 
Net assets20182017201620152014
Unrestricted$10,577,668$7,459,044$7,998,973$7,927,819$7,800,260
Temporarily restricted$480,903$835,113$684,679$529,362$360,481
Permanently restricted$562,969$562,762$533,333$533,333$533,333
Net assets$11,621,540$8,856,919$9,216,985$8,990,514$8,694,074
 
Revenues and expenses
 
Revenue20182017201620152014
Total contributions$6,510,705$2,654,776$4,590,334$4,722,268$4,115,888
Program service revenue$1,711,403$636,755$540,345$436,242$323,934
Membership dues$0$0$0$0$0
Investment income$43,251($3,686)$24,968$159,520$83,373
Other revenue$122,300$140,955$116,741$109,373$123,850
Total other revenue$1,876,954$774,024$682,054$705,135$531,157
Total revenue$8,387,659$3,428,800$5,272,388$5,427,403$4,647,045
 
Expenses20182017201620152014
Program services$4,713,310$3,280,151$4,296,594$3,988,912$3,452,792
Management and general$566,428$356,336$454,794$580,908$430,957
Fundraising$429,878$245,829$406,561$400,015$324,143
Total expenses$5,709,616$3,882,316$5,157,949$4,969,835$4,207,892
 
Change in net assets20182017201620152014
Surplus (deficit)$2,678,043($453,516)$114,439$457,568$439,153
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,678,043($453,516)$114,439$457,568$439,153

Response from ministry

No response has been provided by this ministry.


History


Program accomplishments


Needs