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 rating404 of 111356 of 141
Fund acquisition rating370 of 111446 of 141
Resource allocation rating371 of 111447 of 141
Asset utilization rating687 of 111395 of 141

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
12%8%8%6%8%7%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
10%7%8%6%7%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
93%93%94%97%85%80%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
11%8%9%9%9%8%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
7%7%6%3%15%20%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
78%83%81%80%79%82%
Spending ratio Spending ratio =
Total expenses /
Total revenue
90%90%86%66%75%75%
Program output ratio Program output ratio =
Program services /
Total revenue
71%75%70%53%60%62%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
10%10%14%34%25%25%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%4%5%15%12%14%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%9%10%11%11%10%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
0.520.350.330.300.350.41
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
2.862.062.112.052.202.37
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.690.730.700.610.770.98
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.6743.5245.3620.0526.9919.81
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.020.020.050.040.05
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
6.4516.0816.7718.7815.0111.62
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
9%2%2%3%3%4%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%1%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
157%276%294%327%279%232%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$5,646,660$7,063,675$6,624,080$4,820,831$3,536,340
Receivables, inventories, prepaids$395,056$289,522$448,920$671,297$738,265
Short-term investments$4,039,680$2,039,227$2,340,836$1,747,165$1,694,354
Other current assets$0$0$0$0$0
Total current assets$10,081,396$9,392,424$9,413,836$7,239,293$5,968,959
Long-term investments$847,479$847,479$912,285$912,285$912,285
Fixed assets$9,783,733$9,526,123$8,944,713$7,784,697$7,240,163
Other long-term assets$7,021$14,040$17,736$0$0
Total long-term assets$10,638,233$10,387,642$9,874,734$8,696,982$8,152,448
Total assets$20,719,629$19,780,066$19,288,570$15,936,275$14,121,407
 
Liabilities20232022202120202019
Payables and accrued expenses$221,123$203,422$465,644$266,243$288,817
Other current liabilities$10,506$3,650$3,884$2,000$12,517
Total current liabilities$231,629$207,072$469,528$268,243$301,334
Debt$37,000$58,864$0$0$89,931
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$158,926$157,816$135,712$134,371$125,745
Total long-term liabilities$195,926$216,680$135,712$134,371$215,676
Total liabilities$427,555$423,752$605,240$402,614$517,010
 
Net assets20232022202120202019
Without donor restrictions$18,412,689$17,692,690$17,296,195$14,523,304$12,249,297
With donor restrictions$1,879,385$1,663,624$1,387,135$1,010,357$1,355,100
Net assets$20,292,074$19,356,314$18,683,330$15,533,661$13,604,397
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$7,610,173$7,131,791$8,373,083$6,258,486$6,263,004
Program service revenue$310,953$286,105$433,838$1,054,125$1,322,841
Membership dues$0$0$0$0$0
Investment income$139,756$78,819($325,615)$43,119$73,727
Other revenue$95,316$115,613$126,063$39,577$141,849
Total other revenue$546,025$480,537$234,286$1,136,821$1,538,417
Total revenue$8,156,198$7,612,328$8,607,369$7,395,307$7,801,421
 
Expenses20232022202120202019
Program services$6,087,435$5,345,458$4,573,867$4,423,347$4,809,075
Management and general$658,596$626,652$630,582$633,390$591,702
Fundraising$606,803$601,318$510,092$518,137$452,916
Total expenses$7,352,834$6,573,428$5,714,541$5,574,874$5,853,693
 
Change in net assets20232022202120202019
Surplus (deficit)$803,364$1,038,900$2,892,828$1,820,433$1,947,728
Other changes in net assets$0$0$0$0$0
Total change in net assets$803,364$1,038,900$2,892,828$1,820,433$1,947,728

Compensation

NameTitleCompensation
Michael SaccocioCEO Executive Director$131,606
Timothy CastleCFO Associate Executive Director$122,947

Compensation data as of: 9/30/2023


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.