Is Supportive Housing Network Of New Y York Inc Legit?

Supportive Housing Network Of New York Inc demonstrates generally sound financial health, with a notable increase in assets over the past few years, reaching $6,962,679 in 2023. The organization consistently spends less than its revenue in most years, as seen in 2023 where revenue was $3,628,514 against expenses of $2,596,181, indicating responsible financial management and an ability to build reserves. However, there have been periods, such as 2022 and 2020, where expenses slightly exceeded revenue, suggesting some variability in operational costs or funding cycles. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries, which is highly commendable for a nonprofit of its size. This practice significantly enhances public trust and reflects a donor-centric approach.