Is Family Service Society Of Yonkers Legit?

Family Service Society Of Yonkers demonstrates consistent financial activity, with revenues and expenses generally in the $11-15 million range over the past decade. While the organization has experienced some fluctuations, such as a net loss of over $500,000 in 2023 ($13,191,749 revenue vs. $13,695,024 expenses) and a net gain of nearly $1.8 million in 2022 ($14,767,675 revenue vs. $12,957,370 expenses), its asset base has remained relatively stable, hovering around $11-12 million. This indicates a generally sound financial footing, though recent years show some variability in operational surpluses. The organization's spending efficiency appears to be strong, with a significant portion of its expenditures directed towards program services. The consistent reporting of 0% officer compensation across all available filings is a notable aspect of its financial transparency, suggesting that top leadership may be compensated through other means or that the organization operates with a volunteer executive structure, which is unusual for an organization of this size. Further investigation into how executive functions are compensated would provide a more complete picture of its operational overhead. Overall, Family Service Society Of Yonkers exhibits a commitment to its mission through its program spending. The stability of its assets and the absence of reported officer compensation on the 990s suggest a focus on resource allocation to services. However, the lack of detailed executive compensation information on the 990s could be a point for further inquiry regarding full transparency.