City Mission of Schenectady

The information on this page was last updated 5/24/2022. If you see errors or omissions, please email: info@ministrywatch.com


Summary

City Mission of Schenectady, founded in 1906, is dedicated to sharing the Gospel of Jesus Christ in word and deed. Our 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

Website: 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:

Ruling year: 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.
In addition, our hope is that we can do more than just meet basic needs... we want to transform lives. Together, we can help people begin to dream again and think about what they want their future story to look like.


Statement of faith

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Rescue Missions/Homeless Shelters

CategoryRatingOverall rankSector rank
Overall efficiency rating492 of 103180 of 161
Fund acquisition rating290 of 103338 of 161
Resource allocation rating542 of 103380 of 161
Asset utilization rating678 of 1031119 of 161

Financial ratios

Funding ratiosSector median20212020201920182017
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
9%6%8%7%7%9%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
8%6%7%6%5%7%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
91%97%85%80%78%77%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
10%9%9%8%8%6%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
9%3%15%20%22%23%
 
Operating ratiosSector median20212020201920182017
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%80%79%82%83%84%
Spending ratio Spending ratio =
Total expenses /
Total revenue
87%66%75%75%68%113%
Program output ratio Program output ratio =
Program services /
Total revenue
69%53%60%62%56%96%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
13%34%25%25%32%-13%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
11%15%12%14%23%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%11%11%10%10%9%
 
Investing ratiosSector median20212020201920182017
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.550.300.350.410.450.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
3.022.052.202.372.202.58
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.740.610.770.981.001.07
 
Liquidity ratiosSector median20212020201920182017
Current ratio Current ratio =
Total current assets /
Total current liabilities
14.3020.0526.9919.8122.5220.14
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.050.040.050.040.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.7918.7815.0111.6211.5110.66
 
Solvency ratiosSector median20212020201920182017
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%3%3%4%8%5%
Debt ratio Debt ratio =
Debt /
Total assets
2%0%0%1%5%2%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
150%327%279%232%204%228%

Financials

Balance sheet
 
Assets20212020201920182017
Cash$6,624,080$4,820,831$3,536,340$3,412,611$1,785,008
Receivables, inventories, prepaids$448,920$671,297$738,265$763,701$395,455
Short-term investments$2,340,836$1,747,165$1,694,354$1,556,450$1,448,228
Other current assets$0$0$0$0$0
Total current assets$9,413,836$7,239,293$5,968,959$5,732,762$3,628,691
Long-term investments$912,285$912,285$912,285$912,285$0
Fixed assets$8,944,713$7,784,697$7,240,163$5,942,680$5,737,587
Other long-term assets$17,736$0$0$2,150$2,150
Total long-term assets$9,874,734$8,696,982$8,152,448$6,857,115$5,739,737
Total assets$19,288,570$15,936,275$14,121,407$12,589,877$9,368,428
 
Liabilities20212020201920182017
Payables and accrued expenses$465,644$266,243$288,817$212,347$172,675
Other current liabilities$3,884$2,000$12,517$42,260$7,531
Total current liabilities$469,528$268,243$301,334$254,607$180,206
Debt$0$0$89,931$580,303$186,577
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$135,712$134,371$125,745$133,427$144,726
Total long-term liabilities$135,712$134,371$215,676$713,730$331,303
Total liabilities$605,240$402,614$517,010$968,337$511,509
 
Net assets20212020201920182017
Without donor restrictions$17,296,195$14,523,304$12,249,297$10,577,668$7,459,044
With donor restrictions$1,387,135$1,010,357$1,355,100$1,043,872$1,397,875
Net assets$18,683,330$15,533,661$13,604,397$11,621,540$8,856,919
 
Revenues and expenses
 
Revenue20212020201920182017
Total contributions$8,373,083$6,258,486$6,263,004$6,510,705$2,654,776
Program service revenue$433,838$1,054,125$1,322,841$1,711,403$636,755
Membership dues$0$0$0$0$0
Investment income($325,615)$43,119$73,727$43,251($3,686)
Other revenue$126,063$39,577$141,849$122,300$140,955
Total other revenue$234,286$1,136,821$1,538,417$1,876,954$774,024
Total revenue$8,607,369$7,395,307$7,801,421$8,387,659$3,428,800
 
Expenses20212020201920182017
Program services$4,573,867$4,423,347$4,809,075$4,713,310$3,280,151
Management and general$630,582$633,390$591,702$566,428$356,336
Fundraising$510,092$518,137$452,916$429,878$245,829
Total expenses$5,714,541$5,574,874$5,853,693$5,709,616$3,882,316
 
Change in net assets20212020201920182017
Surplus (deficit)$2,892,828$1,820,433$1,947,728$2,678,043($453,516)
Other changes in net assets$0$0$0$0$0
Total change in net assets$2,892,828$1,820,433$1,947,728$2,678,043($453,516)

Compensation

NameTitleCompensation
Michael SaccocioCEO Executive Director$118,966
Timothy CastleCFO Associate Executive Director$117,117

Compensation data as of: 9/30/2021


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 5/24/2022. To update the information below, please email: info@ministrywatch.com


History


Program accomplishments

We provide warm and safe shelter for nearly 100 men, women and children every night. We serve over 600 meals every day to our residents and individuals from the community.


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.