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Nonprofit · EIN 91-1918247

SERVICES FOR THE UNDERSERVED INC

Tax-exempt · NEW YORK, NY 10018

Financials

$38.2M$31M2023$51.8M$43.9M2024
Revenue Expenses · by fiscal year end
Financials of SERVICES FOR THE UNDERSERVED INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$51,767,273$43,933,619$7,833,654$114,787,302$30,444,388$84,342,914
June 30, 2024990$38,218,979$31,009,289$7,209,690$105,678,110$29,131,837$76,546,273
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,957,471
of which government grants
$26,047
Program service revenue
$40,774,796
Investment income
$3,046,326
Net gain from sales of assets
$64,415
Net income from fundraising events
-$236,893
Other revenue
$5,988,680

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$1,107,227
Other salaries and wages
$17,405,825
Salaries, compensation and benefits (total)
$23,089,301
Professional fundraising fees
$0
Legal fees
$404,659
Accounting fees
$806,988
Occupancy
$2,230,248
Travel
$190,930
Depreciation
$406,002
Management and general (functional)
$43,052,950
Fundraising (functional)
$880,669

Balance sheet and other

Total assets, start of year
$105,678,110
Total assets, end of year
$114,787,302
Total liabilities, end of year
$30,444,388
Net assets, end of year
$84,342,914
Land, buildings and equipment
$2,582,389
Publicly traded securities
$22,422,283
Net assets without donor restrictions
$84,314,553
Net assets with donor restrictions
$28,361
Gross receipts
$52,093,980
Employees
2,270
Volunteers
139
Year formed
1978
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
PERRY J PERLMUTTERPRESIDENT AND CEO
Officer
30$538,511$92,962
DOUGLAS J WALERSTEINCHIEF FINANCIAL OFFICER
Officer
30$375,394$44,187
ARLO M CHASESVP, REAL ESTATE DEVELOPMENT
Highest-paid employee
40$336,453$52,460
BRADLEY A ALPERINCHIEF OPERATING OFFICER
Highest-paid employee
30$310,658$46,611
MARGARET-ANN COLECHIEF HUMAN RESOURCES & PEOPLE OFFICER
Highest-paid employee
40$243,675$65,727
STACEY L WESTONCHIEF DEVELOPMENT & EXTERNAL AFFAIRS OFFICER
Highest-paid employee
40$250,189$59,193
OLGA KOVALCHUKSVP, FINANCE
Highest-paid employee
40$227,349$30,635
EDWARD HUBBARDTREASURER
Trustee or director, Officer
1$0$0
ERIN FELKER BOND ESQSECRETARY
Trustee or director, Officer
1$0$0
GAIL K MCCALLION ESQVICE CHAIR (THRU 12/24)/CHAIR (AS OF 1/25)
Trustee or director, Officer
1$0$0
JACQUELINE HOLMESVICE CHAIR
Trustee or director, Officer
1$0$0
JOHN A MCKESSONCHAIR (THRU 1/25)/BOARD MEMBER
Trustee or director, Officer
1$0$0
AMELIA WRIGHT BREWERBOARD MEMBER
Trustee or director
1$0$0
ANDREW ZIMMERNBOARD MEMBER
Trustee or director
1$0$0
ART EDWARDSBOARD MEMBER
Trustee or director
1$0$0
14 more people on this return
NameTitleHours / weekCompensation
CAROLYN P POWELLBOARD MEMBER
Trustee or director
1$0
DEBORAH WOLFE ESQBOARD MEMBER
Trustee or director
1$0
EARL D BROWNBOARD MEMBER
Trustee or director
1$0
GARETH OLD ESQBOARD MEMBER
Trustee or director
1$0
JEN PRESS MARDENBOARD MEMBER
Trustee or director
1$0
JOANN Y SACKS PHDBOARD MEMBER
Trustee or director
1$0
JOSHUA BIDERBOARD MEMBER
Trustee or director
1$0
JOSHUA D LISTON ESQBOARD MEMBER
Trustee or director
1$0
LAWRENCE HAMDANBOARD MEMBER
Trustee or director
1$0
LINDA NGUYENBOARD MEMBER
Trustee or director
1$0
MARIE I PALACIOS-HARDYBOARD MEMBER
Trustee or director
1$0
PETER FRIEDLANDBOARD MEMBER
Trustee or director
1$0
SLOAN GAONBOARD MEMBER (AS OF 3/25)
Trustee or director
1$0
VICTOR ROSENZWEIGBOARD MEMBER (AS OF 5/25)
Trustee or director
1$0
990 for the year ended June 30, 2024: 30 people
NameTitleHours / weekCompensationOther / benefits
Judith Jones thru 623former Chief of Staff
Former
30$534,415$5,862
PERRY J PERLMUTTERPRESIDENT & CEO
Officer
30$454,276$63,020
DR JORGE R PETITformer PRES. & CEO (thru 4/23)
Former
30$493,946$13,409
ARLO M CHASESVP REAL ESTATE & PROP. DEV.
Highest-paid employee
40$315,097$52,296
BRADLEY A ALPERINCHIEF COMPLIANCE OFFICER
Highest-paid employee
30$274,088$29,879
DOUGLAS WALERSTEINCHIEF FINANCIAL OFFICER
Officer
30$276,013$23,552
STACEY L WESTONCHIEF DEVELOPMENT OFFICER
Highest-paid employee
40$244,994$44,620
REBECCA LINN-WALTONCHIEF STRATEGY OFFICER
Highest-paid employee
30$250,688$20,000
YEDIDYA DOMANSVP INFORMATION TECHNOLOGY
Highest-paid employee
30$204,422$47,258
JOHN A MCKESSONCHAIR
Trustee or director, Officer
1$0$0
GAIL K MCCALLION ESQVICE CHAIR
Trustee or director, Officer
1$0$0
JACQUIE HOLMESSECRETARY
Trustee or director, Officer
1$0$0
EDWARD HUBBARDTREASURER
Trustee or director, Officer
1$0$0
JOSHUA BIDERBOARD MEMBER
Trustee or director
1$0$0
ERIN FELKER BOND ESQBOARD MEMBER
Trustee or director
1$0$0
AMELIA WRIGHT BREWERBOARD MEMBER
Trustee or director
1$0$0
EARL D BROWNBOARD MEMBER
Trustee or director
1$0$0
CHRIS CHENEYBOARD MEMBER (THRU 12/23)
Trustee or director
1$0$0
ART EDWARDSBOARD MEMBER
Trustee or director
1$0$0
PETER FRIEDLANDBOARD MEMBER
Trustee or director
1$0$0
LAWRENCE HAMDANBOARD MEMBER
Trustee or director
1$0$0
JOSHUA D LISTON ESQBOARD MEMBER
Trustee or director
1$0$0
JEN PRESS MARDENBOARD MEMBER
Trustee or director
1$0$0
LINDA NGUYENBOARD MEMBER
Trustee or director
1$0$0
MARIE I PALACIOS-HARDYBOARD MEMBER
Trustee or director
1$0$0
GARETH OLD ESQBOARD MEMBER
Trustee or director
1$0$0
CAROLYN P POWELLBOARD MEMBER
Trustee or director
1$0$0
JOANN Y SACKS PHDBOARD MEMBER
Trustee or director
1$0$0
DEBORAH WOLFE ESQBOARD MEMBER
Trustee or director
1$0$0
ANDREW ZIMMERNBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
463 SEVENTH AVENUE FL 17, NEW YORK, NY 10018-0092
In care of
% OLGA KOVALCHUK
Principal officer (990 for 2024)
PERRY J PERLMUTTER, 463 SEVENTH AVENUE FL 17, NEW YORK, NY 10018
Signed the 990
DOUGLAS, WALERSTEIN
Phone
(212) 633-6900
Return prepared by
BDO USA

Mission

WE DRIVE SCALABLE SOLUTIONS TO TRANSFORM THE LIVES OF PEOPLE WITH DISABILITIES, PEOPLE IN POVERTY, AND PEOPLE FACING HOMELESSNESS: SOLUTIONS THAT CONTRIBUTE TO RIGHTING SOCIETAL IMBALANCES.

990 for the year ended June 30, 2025

Program accomplishments

  • FEES FROM AFFILIATES IN CONNECTION WITH PROVIDING EXEMPT FUNCTION SERVICES IN FURTHERANCE OF ITS MISSION.
    revenue $47,000,369

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
91-1918247
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Group exemption
Exempt since
2006
Accounting year ends
June
Files
Form 990 or 990-EZ
Group exemption
5300 (11 member organizations)
Assets (IRS master file)
$114,787,302
Income (IRS master file)
$52,093,980

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025–––IRS
990June 2024–––IRS
990June 2023$34,560,020$29,080,011$104,782,428IRS
990June 2022$34,360,649$25,626,081$99,066,802IRS
990June 2021$22,489,653$21,306,064$93,203,870IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about SERVICES FOR THE UNDERSERVED INC

What is the EIN of SERVICES FOR THE UNDERSERVED INC?
The employer identification number (EIN) of SERVICES FOR THE UNDERSERVED INC is 91-1918247.
Is SERVICES FOR THE UNDERSERVED INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to SERVICES FOR THE UNDERSERVED INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Group exemption).
Which annual return does SERVICES FOR THE UNDERSERVED INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SERVICES FOR THE UNDERSERVED INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SERVICES FOR THE UNDERSERVED INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of SERVICES FOR THE UNDERSERVED INC?
The 990 for the year ended June 30, 2025 names PERRY J PERLMUTTER.
Who are the officers and directors of SERVICES FOR THE UNDERSERVED INC?
The 990 for the year ended June 30, 2025 lists 29 people; 7 received compensation from the organization, the highest $538,511 (PERRY J PERLMUTTER, PRESIDENT AND CEO).
How much revenue does SERVICES FOR THE UNDERSERVED INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $51,767,273, expenses of $43,933,619 and total assets of $114,787,302 at year end.

Organizations in its group exemption (11)

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