<strong>Catholic</strong> <strong>Charities</strong> Fiscal <strong>Report</strong>Condensed Financial Statement (1)The <strong>Catholic</strong> <strong>Charities</strong> <strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York provides certain direct community services in addition tocoordinating and supporting a federation <strong>of</strong> affiliated agencies. This condensed financial statement reflects <strong>the</strong> fiscalactivity related to <strong>the</strong>se direct community services and <strong>the</strong> coordination and support <strong>of</strong> <strong>the</strong> federation <strong>of</strong> agencies.An overview <strong>of</strong> <strong>the</strong> fiscal information for <strong>the</strong> federation <strong>of</strong> <strong>Catholic</strong> <strong>Charities</strong> agencies is presented on <strong>the</strong> following page.Pledge <strong>of</strong> Good Stewardshipand Accountability<strong>Catholic</strong> <strong>Charities</strong> <strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong><strong>New</strong> York is committed to <strong>the</strong> higheststandards <strong>of</strong> good stewardship andaccountability. The <strong>Catholic</strong> <strong>Charities</strong><strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York isseparately incorporated according to<strong>the</strong> not-for-pr<strong>of</strong>it laws <strong>of</strong> <strong>New</strong> York Statewith its own active Board <strong>of</strong> Trustees.An independent public accounting firmoverseen by <strong>the</strong> Audit Committee <strong>of</strong> <strong>the</strong>Board <strong>of</strong> Trustees conducts an annualaudit <strong>of</strong> <strong>Catholic</strong> <strong>Charities</strong> finances.Funds received by <strong>Catholic</strong> <strong>Charities</strong> arecarefully monitored to ensure <strong>the</strong>ir usecomplies with donor intent. Funds aremaintained in separate accounts anddo not co-mingle with those <strong>of</strong><strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York.<strong>Catholic</strong> <strong>Charities</strong>’ policies andprocedures have been reviewed andmeet <strong>the</strong> standards <strong>of</strong> <strong>the</strong> charitableaccountability <strong>of</strong> <strong>the</strong> Better BusinessBureau’s Philanthropic Advisory Service.<strong>Catholic</strong> <strong>Charities</strong> complies with allFederal, State, and Local laws regardingdiscrimination.Fiscal Year Ending August 31,<strong>2008</strong> 2007 2Revenues ($000) ($000)Cardinal’s Appeal $1,000 $500Bequests 2,698 1,812Appeals, Contributions and Events, Net 7,176 7,388Cardinal’s Committee for Charity, Net 588 1,256Grants from Foundations and Corporations 2,352 2,008Government Sources 21,554 14,694Program Fees and Income 4,718 4,904Disaster Funds - 678O<strong>the</strong>r Supporting Sources 1,535 1,421Investment Dividends and Interest 845 83242,466 35,493ExpensesBehavioral Health (Beacon <strong>of</strong> Hope) 10,613 10,009Parish and Community Outreach 11,671 9,651Youth / <strong>Catholic</strong> Youth Organization (CYO) 3,462 3,379Migration Services 1,660 2,199Social and Community Development 1,599 1,280Disabled 838 749Disaster Assistance 619 120Agency Relations 4,412 2,540Fundraising 2,187 1,773Administration 3 5,119 4,84542,180 36,545Operating Results (286) (1,052)Realized / Unrealized Investment Gain (Loss) 1,383 1,552<strong>New</strong> York <strong>Catholic</strong> Foundation, Inc. 4 243 3,610Increase (Decrease) in net assets $845 $(4,110)Net Assets, end <strong>of</strong> year $39,567 $40,421(1) This condensed financial statement reflects <strong>the</strong> combined audited financial statements<strong>of</strong> The <strong>Catholic</strong> <strong>Charities</strong> <strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York and Affiliates, as follows:The <strong>Catholic</strong> <strong>Charities</strong> <strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York, which includes <strong>Catholic</strong> <strong>Charities</strong>World Trade Center Support Fund, <strong>Catholic</strong> <strong>Charities</strong> Communities Services <strong>of</strong> <strong>the</strong><strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York, Housing Fund <strong>of</strong> <strong>the</strong> <strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York, and HousingDevelopment Institute. (2) Certain amounts reported in 2007 have been reclassifiedto conform to management’s presentation <strong>of</strong> <strong>2008</strong>. (3) Expenses are overwhelminglyprogram related. Approximately 12% is spent on administration and 5% is spent on fundraising.(4) <strong>Catholic</strong> <strong>Charities</strong> recognized <strong>the</strong> net present value <strong>of</strong> donations to <strong>the</strong> <strong>New</strong>York <strong>Catholic</strong> Foundation (Bicentennial Campaign). Distributions will be made by <strong>the</strong>Foundation periodically to support <strong>Catholic</strong> <strong>Charities</strong> programs and services.28 <strong>Annual</strong> <strong>Report</strong> <strong>2008</strong>
Services Touching Almost EveryHuman NeedProvided by a federation <strong>of</strong> more than ninety<strong>Catholic</strong> <strong>Charities</strong> agencies in <strong>New</strong> York Cityand <strong>the</strong> Lower Hudson Valley.Over 375,000 served—$577 million in services• Protecting and Nurturing Childrenand Youth (49,500 served, $260 millionin services): Services include: day care,foster care, adoption, camping, sportsand after-school activities, communitycenters and preventative services.• Feeding <strong>the</strong> Hungry and Sheltering<strong>the</strong> Homeless (107,400 served, $65 millionin services): Services include: emergencymeals, emergency shelters, temporaryand transitional residences, permanentaffordable housing and preventingevictions.• Streng<strong>the</strong>ning Families and ResolvingCrises (157,000 served, $67 million inservices): Services include: informationand referral, coordinating services,counseling, financial assistance,maternity services and job readinessand placement.• Supporting <strong>the</strong> Physically andEmotionally Challenged (15,000 served,$172 million in services): Services include:supportive housing for <strong>the</strong> mentally ill,counseling, residences for those withspecial needs and disabilities and earlyintervention and special education.Points to Note:Administrative expenses are kept very low. On average <strong>Catholic</strong> <strong>Charities</strong> agencies <strong>of</strong> <strong>the</strong><strong>Archdiocese</strong> <strong>of</strong> <strong>New</strong> York spend eighty-eight cents <strong>of</strong> each dollar on program expenses.While many services are provided through government partnerships, substantial privatephilanthropy is necessary to sustain <strong>the</strong> range and quality <strong>of</strong> services <strong>of</strong>fered by <strong>Catholic</strong><strong>Charities</strong> agencies.The size <strong>of</strong> <strong>the</strong> individual segments <strong>of</strong> <strong>the</strong> chart represents a weighted average <strong>of</strong> <strong>the</strong>number <strong>of</strong> people served and expenditures to more accurately reflect <strong>the</strong> proportion <strong>of</strong>services provided in each category. Some services, primarily residential, are very intensiverequiring higher expenditures to serve a smaller number <strong>of</strong> individuals with specialneeds. O<strong>the</strong>r categories, such as information and referral and emergency meals, servemore people at a lower cost per person.• Welcoming and IntegratingImmigrants and Refugees (48,000served, $13 million in services): Servicesinclude: reuniting families, teachingEnglish and civics, obtaining workauthorization and finding jobs andpreventing exploitation.www.catholiccharitiesny.org 29
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