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CHARITY REVIEW
Issued: April 2025 Expires: April 2027

Good Shepherd Services

Accredited Charity
Accredited Charity

Meets Standards

305 Seventh Avenue, 9th Floor
New York, NY, 10001-6161

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Good Shepherd Services meets the 20 Standards for Charity Accountability.

Stated Purpose:
Guided by social and racial justice, Good Shepherd Services partners and grows with communities so that all NYC children, youth, and families succeed and thrive.

Year, State Incorporated:
1947, NY

Good Shepherd Services operates more than 80 programs in high-need communities throughout New York City united by a common goal: to help vulnerable youth and families find a safe passage to self-sufficiency.  You’ll find us where we’re needed most – in communities stressed by poverty and crime, in failing schools, or working to address the needs of young people who cannot live with their families.  Though our programs and services are diverse, our approach is always the same.  We surround youth and families with the right services, at the right time, for long enough to make a difference.  This wraparound approach helps young people to build a wide range of skills and build strong connections with caring adults, peers, and the broader community.  In our community-based programs, our main focus is to keep youth connected to school and to strengthen families so that they can stay together.  In our out-of-care home care programs, our aim is to keep children and teens safe and to promote their healthy development and strengthen their families so that they can return home.  Our professional training services provide opportunities for social service providers throughout the City to develop the skills necessary for effective work with children and families.  

For the year ended June 30, 2023, Good Shepherd Services's program expenses were:

Foster care and residential services $51,472,927
Community-based programs $48,105,999
Training services $417,480
Total Program Expenses $99,996,406

Chair of the Board
Mr. Anthony Malloy, Executive Vice President and Chief Investment Officer

Chair's Profession / Business Affiliation
New York Life Insurance Co.

Board Size
17

Paid Staff Size
1440

Method(s) Used:
Direct mail appeals, Invitations to fund raising events, Grant proposals, Internet, Planned giving arrangements, Appeals via Social Media (Facebook, etc.), Solicited backpacks, school supplies, and holiday gifts

% of Related Contributions on Fundraising: 1.90%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Good Shepherd Services's audited financial statements for the year ended June 30, 2023.

Source of Funds
Grants from government agencies $55,664,621
Care and maintenance contracts $33,506,606
Private grants $13,298,506
Miscellaneous revenue and other fees $11,165,305
Medicaid $7,360,270
Interest and dividends $1,770,349
Special events $1,031,416
Total Income $123,797,073

Programs: 83% Fundraising: 1% Administrative: 16%

Total Income $123,797,073
Total expenses: $120,065,720
  Program expenses $99,996,406
  Fundraising expenses $1,330,169
  Administrative expenses $18,739,145
  Other expenses $0
Income in Excess of Expenses $3,731,353
Beginning Net Assets $116,779,984
Other Changes In Net Assets $4,769,960
Ending Net Assets $125,281,297
Total Liabilities $33,541,988
Total Assets $158,823,285

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

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Report completed by:
BBB Foundation of Metropolitan New York