PENN SOUTH SOCIAL SERVICES INC Charity Report

Public IRS 990 nonprofit record

PENN SOUTH SOCIAL SERVICES INC

EIN 13-3413349 · Human Services (P810)

What they do

IN KEEPING WITH THE VISION of THE FOUNDERS of PENN SOUTH - A LOW to MODERATE-INCOME NOT-FOR-PROFIT HOUSING COOPERATIVE of CLOSE to 5000 INDIVIDUALS IN A SIX-BLOCK ENCLAVE IN MANHATTANS CHELSEA NEIGHTBORHOOD - PENN SOUTH SOCIAL SERVICES (PSSS) is DEDICATED to ENHANCING THE LIVES of ALL WHO LIVE IN ITS COMMUNITY and ITS SURROUNDING AREA. PSSS ENABLES OLDER ADULTS to "AGE IN PLACE and LIVE INDEPENDENTLY IN THEIR OWN HOMES. WE BELIEVE ALL PEOPLE CAN BE INSPIRED to ACHIEVE MORE THAN THEY DREAM WHEN SUPPORTED BY ON-SITE SOCIAL SERVICE and HEALTH CARE PROFESSIONALS IN A STIMULATING ENBIROMENT of INNOVATIVE CULTURAL and RECREATION PROGRAMS. PSSS AIMS to CONTINUE CREATING MODEL PROGRAMS for SUCCESSFUL URBAN LIVING.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.90 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

70.47%of revenue went to mission work84.9% of expenses · Program services

2.71%of revenue went to fundraising3.3% of expenses

$83.05spent for every $100 of revenueRevenue covered expenses this year.

9.87%of revenue went to management and office costs11.9% of expenses

$2.52in assets for every $1 spent this yearSome assets cannot be spent right away.

91.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $63,500 for MATTHEW KAHN (EXECUTIVE DIR.). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,478,813

Mission workProgram services$1,042,16370.47% of revenue84.9% of expenses

ManagementOffice and general costs$145,9449.87% of revenue11.9% of expenses

FundraisingAsking for donations$40,0732.71% of revenue3.3% of expenses

Revenue left after expensesReported annual surplus$250,63316.95% of revenueShown in gray on the chart

Total expenses$1,228,18083.05% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 84.9% mission · 11.9% management · 3.3% fundraisingTotal expenses: 83.05% of revenue

2023Expense mix: 85.8% mission · 10.8% management · 3.5% fundraisingTotal expenses: 110.44% of revenue

2022Expense mix: 86.4% mission · 10.6% management · 3.0% fundraisingTotal expenses: 102.68% of revenue

2021Expense mix: 85.5% mission · 12.7% management · 1.8% fundraisingTotal expenses: 107.31% of revenue

2020Expense mix: 86.0% mission · 12.1% management · 1.9% fundraisingTotal expenses: 87.17% of revenue

2019Expense mix: 87.3% mission · 11.2% management · 1.5% fundraisingTotal expenses: 83.47% of revenue

2018Expense mix: 86.3% mission · 12.5% management · 1.2% fundraisingTotal expenses: 95.70% of revenue

2017Expense mix: 84.1% mission · 14.8% management · 1.0% fundraisingTotal expenses: 94.68% of revenue

Money in and money out

Revenue$1,478,813

Expenses$1,228,180

Annual surplus $250,633 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,042,163 · 84.9% of expenses

Management and office costs$145,944 · 11.9% of expenses

Fundraising$40,073 · 3.3% of expenses

See all reported dollar amounts

Revenue$1,478,813

Expenses$1,228,180

Assets$3,100,905

Income$1,478,813

Contributions$1,358,665

Mission work (program services)$1,042,163

Fundraising$40,073

Management and general$145,944

Executive compensation (total)$52,904

Stocks and bonds$2,666,438

Accounting fees$21,026

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MATTHEW KAHNEXECUTIVE DIR. · 20 hrs/week $63,500

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (18)

MATTHEW KAHNEXECUTIVE DIR.

LISSETTE ACOSTADIRECTOR

TRUDY RUDNICKDIRECTOR

TRACY GROSSDIRECTOR

SONIA GOLDSTEINDIRECTOR

ROBERT EPPENSTEINDIRECTOR

PAULINE ROTHSTEINDIRECTOR

MELISSA IVEY -LAWTONPRESIDENT

LYNNE ODDODIRECTOR

BEATRICE CORBETTSECRETARY

LEAH COOPER3RD VICE PRESID

JOHN HARRISDIRECTOR

GARY SCHOICHETPRESIDENT

ESTELLE ROSENTHALDIRECTOR

EDRIE COTEDIRECTOR

DANIEL GOTTFRIEDTREASURER

COLETTE SWIETNICKIDIRECTOR

CAROL GINSBURG1ST VICE PRES.

About this charity

Recognized since: January 1994
Location: 290 9TH AVE SUITE 21K, NEW YORK, NY 10001-5704
County: New York
In care of: GARY SCHOICHET
Primary officer: GARY SCHOICHET, President

How to reach them

WebsiteVisit the charity’s website Phone(212) 255-3570

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: BERARD & ASSOCIATES CPAS PC
NTEE classification: Human Services (P810)
IRS tax category: Services for the Elderly and Persons with Disabilities