City Mission of Schenectady

The information in this column was provided to MinistryWatch by the ministry itself. It was last updated 12/14/2020. 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: 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

CategoryRatingOverall rankSector rank
Overall efficiency rating302 of 84471 of 154
Fund acquisition rating296 of 84451 of 154
Resource allocation rating316 of 84465 of 154
Asset utilization rating467 of 84499 of 154

Financial ratios

Funding ratiosSector median20192018201720162015
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
91%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
9%20%22%23%13%13%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%82%83%84%83%80%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%75%68%113%98%92%
Program output ratio Program output ratio =
Program services /
Total revenue
76%62%56%96%81%73%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%25%32%-13%2%8%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%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 ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.620.410.450.410.530.52
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.822.372.202.582.552.79
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.530.981.001.071.361.44
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
10.1919.8122.5220.1441.2738.16
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.080.050.040.050.020.03
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.1311.6211.5110.668.618.09
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%4%8%5%5%6%
Debt ratio Debt ratio =
Debt /
Total assets
1%1%5%2%2%4%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
139%232%204%228%179%181%

Financials

Balance sheet
 
Assets20192018201720162015
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
 
Liabilities20192018201720162015
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 assets20192018201720162015
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
 
Revenue20192018201720162015
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
 
Expenses20192018201720162015
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 assets20192018201720162015
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

NameTitleCompensation
Michael SaccocioCEO Executive Director$116,088
Timothy CastleCFO Associate Executive Director$105,925

Compensation data as of: 9/30/2019


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 12/14/2020. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments


Needs