City Mission of Schenectady

The information on this page was last updated 4/13/2023. If you see errors or omissions, please email: [email protected]


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: [email protected]


Organization details

EIN: 141403652

CEO/President: Mr. Michael Saccocio

Chairman: Stephen Skinner

Board size: 10

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 rating529 of 110268 of 140
Fund acquisition rating385 of 110351 of 140
Resource allocation rating488 of 110351 of 140
Asset utilization rating744 of 1102102 of 140

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%8%6%8%7%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%8%6%7%6%5%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%94%97%85%80%78%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%9%9%9%8%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%6%3%15%20%22%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
79%81%80%79%82%83%
Spending ratio Spending ratio =
Total expenses /
Total revenue
89%86%66%75%75%68%
Program output ratio Program output ratio =
Program services /
Total revenue
70%70%53%60%62%56%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
11%14%34%25%25%32%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
7%5%15%12%14%23%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%10%11%11%10%10%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.330.300.350.410.45
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.672.112.052.202.372.20
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.670.700.610.770.981.00
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
12.7345.3620.0526.9919.8122.52
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.050.040.050.04
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4616.7718.7815.0111.6211.51
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%2%3%3%4%8%
Debt ratio Debt ratio =
Debt /
Total assets
1%0%0%0%1%5%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
160%294%327%279%232%204%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$7,063,675$6,624,080$4,820,831$3,536,340$3,412,611
Receivables, inventories, prepaids$289,522$448,920$671,297$738,265$763,701
Short-term investments$2,039,227$2,340,836$1,747,165$1,694,354$1,556,450
Other current assets$0$0$0$0$0
Total current assets$9,392,424$9,413,836$7,239,293$5,968,959$5,732,762
Long-term investments$847,479$912,285$912,285$912,285$912,285
Fixed assets$9,526,123$8,944,713$7,784,697$7,240,163$5,942,680
Other long-term assets$14,040$17,736$0$0$2,150
Total long-term assets$10,387,642$9,874,734$8,696,982$8,152,448$6,857,115
Total assets$19,780,066$19,288,570$15,936,275$14,121,407$12,589,877
 
Liabilities20222021202020192018
Payables and accrued expenses$203,422$465,644$266,243$288,817$212,347
Other current liabilities$3,650$3,884$2,000$12,517$42,260
Total current liabilities$207,072$469,528$268,243$301,334$254,607
Debt$58,864$0$0$89,931$580,303
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$157,816$135,712$134,371$125,745$133,427
Total long-term liabilities$216,680$135,712$134,371$215,676$713,730
Total liabilities$423,752$605,240$402,614$517,010$968,337
 
Net assets20222021202020192018
Without donor restrictions$17,692,690$17,296,195$14,523,304$12,249,297$10,577,668
With donor restrictions$1,663,624$1,387,135$1,010,357$1,355,100$1,043,872
Net assets$19,356,314$18,683,330$15,533,661$13,604,397$11,621,540
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$7,131,791$8,373,083$6,258,486$6,263,004$6,510,705
Program service revenue$286,105$433,838$1,054,125$1,322,841$1,711,403
Membership dues$0$0$0$0$0
Investment income$78,819($325,615)$43,119$73,727$43,251
Other revenue$115,613$126,063$39,577$141,849$122,300
Total other revenue$480,537$234,286$1,136,821$1,538,417$1,876,954
Total revenue$7,612,328$8,607,369$7,395,307$7,801,421$8,387,659
 
Expenses20222021202020192018
Program services$5,345,458$4,573,867$4,423,347$4,809,075$4,713,310
Management and general$626,652$630,582$633,390$591,702$566,428
Fundraising$601,318$510,092$518,137$452,916$429,878
Total expenses$6,573,428$5,714,541$5,574,874$5,853,693$5,709,616
 
Change in net assets20222021202020192018
Surplus (deficit)$1,038,900$2,892,828$1,820,433$1,947,728$2,678,043
Other changes in net assets$0$0$0$0$0
Total change in net assets$1,038,900$2,892,828$1,820,433$1,947,728$2,678,043

Compensation

NameTitleCompensation
Michael SaccocioCEO Executive Director$128,950
Timothy CastleCFO Associate Executive Director$116,351

Compensation data as of: 9/30/2022


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 4/13/2023. To update the information below, please email: [email protected]


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.