City Mission of Schenectady 
The information on this page was last updated 5/24/2022. 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: 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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Rescue Missions/Homeless Shelters
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 519 of 1094 | 74 of 161 |
| Fund acquisition rating | | 309 of 1097 | 32 of 161 |
| Resource allocation rating | | 565 of 1097 | 76 of 161 |
| Asset utilization rating | | 720 of 1094 | 121 of 161 |
Financial ratios
| Funding ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
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 | 93% | 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 | 7% | 3% | 15% | 20% | 22% | 23% |
| Operating ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Program expense ratio Program expense ratio = Program services / Total expenses | 79% | 80% | 79% | 82% | 83% | 84% |
Spending ratio Spending ratio = Total expenses / Total revenue | 86% | 66% | 75% | 75% | 68% | 113% |
Program output ratio Program output ratio = Program services / Total revenue | 68% | 53% | 60% | 62% | 56% | 96% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 14% | 34% | 25% | 25% | 32% | -13% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 12% | 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 ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 0.55 | 0.30 | 0.35 | 0.41 | 0.45 | 0.41 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 2.84 | 2.05 | 2.20 | 2.37 | 2.20 | 2.58 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.57 | 0.61 | 0.77 | 0.98 | 1.00 | 1.07 |
| Liquidity ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Current ratio Current ratio = Total current assets / Total current liabilities | 14.43 | 20.05 | 26.99 | 19.81 | 22.52 | 20.14 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.05 | 0.04 | 0.05 | 0.04 | 0.05 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.70 | 18.78 | 15.01 | 11.62 | 11.51 | 10.66 |
| Solvency ratios | Sector median | 2021 | 2020 | 2019 | 2018 | 2017 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 3% | 3% | 4% | 8% | 5% |
Debt ratio Debt ratio = Debt / Total assets | 1% | 0% | 0% | 1% | 5% | 2% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 154% | 327% | 279% | 232% | 204% | 228% |
Financials
| Balance sheet | |||||
| Assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 |
| Liabilities | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 | |||||
| Revenue | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 |
| Expenses | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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 assets | 2021 | 2020 | 2019 | 2018 | 2017 |
| 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
| Name | Title | Compensation |
| Michael Saccocio | CEO Executive Director | $118,966 |
| Timothy Castle | CFO 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: [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.