Good Shepherd Services EIN 13-5598710

Good Shepherd Services FY2023 filing

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Provides 90 programs to expand opportunities for 30,500 NYC children, youth, and families. For fiscal year 2023 it reported $123.8M in revenue, $120.2M in expenses, and $125.3M in net assets.Pt I

Founded
1947
Type
Public charity (501(c)(3)) · Human Services
Location
New York, NY
Website
www.goodshepherds.org
Filings
5 on file (2020–2023)
Revenue
$123.8MFY2023
Expenses
$120.2M
Net assets
$125.3M
People
31
Filings
5
Updates
0
More identity details & actions ⌄
EIN  13-5598710 Public charity (501(c)(3)) New York, NY Founded 1947
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Figures match the IRS filing checked 7/6/26 · see original: IRS
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Size
$100M+
What they do
Provides 90 programs to expand opportunities for 30,500 NYC children, youth, and families.
Leadership
Michelle Yanche · Executive Director · $311K
Money in and out
$123.8M revenue, $120.2M expenses
Bottom line
83% program efficiency
Where the money goes · FY2023
Total revenue
$123.8M
Pt VIII · Ln 12
Total expenses
$120.2M
Pt IX · Ln 25
Net assets
$125.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.6M
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program efficiency
83%
of spending reaches programs
Operating runway
7.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+3%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$123.8M
FY2023▲ +12%
Expenses
$120.2M
FY2023▲ +10%
Total assets
$158.8M
FY2023▲ +12%
Total liabilities
$33.5M
FY2023▲ +31%
Total revenue
$123.8M
Pt VIII · Ln 12
Total expenses
$120.2M
Pt IX · Ln 25
Net assets
$125.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.6M
Total assetsPt X · Ln 16$158.8M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 324
Independent voting membersPt I · Ln 424
Mission & Programs · Part III

Where the work happens

3 program services account for $100.0M of program spending, described in the organization's own filed words · FY2022.
01

Out of home care. Provides safe, temporary care in homes of trained foster parents for children and adolescents who have been removed from their homes, and GSS staff, kinship parents, and birth families work as a team to devise a permanancy plan for each child; residential services including group home foster care and court-involved…

$51.5Mprogram expense
02

Community-based programs. Provides quality after-school and in-school programs, community schools, and community centers; family counseling preventive services; and second-chance high school programs.

$48.1Mprogram expense
03

Training Services

GSS provides training to human services social workers and social service AGENCIES.GSS'S human services workshops provides training for social service providers throughout the city. Each year over 1,000 individuals from over 100 agencies participate in day-long, low-cost workshops led by experienced teachers.

$417Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGood Shepherd Services
EINHdr · item D13-5598710
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.goodshepherds.org
Year of formationHdr · item L1947
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJul 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a24
Independent voting membersPt VI · Ln 1b24
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$311,170Pt VII · Sec A
Chief Adm. & Fin. Officer
$260,477Pt VII · Sec A
Chief Human Resources Offi
$221,085Pt VII · Sec A
Chief Legal Officer
$221,026Pt VII · Sec A
Associate Executive Dir.
$218,883Pt VII · Sec A
Assist Executive Director
$208,949Pt VII · Sec A
Chief of Staff
$195,893Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Michelle Yanche’s $369K as Executive Director is at the 41st percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Michelle Yanche$369,477$341,775$311,170$315,034$310,251$177,548
Greghan Fischer$270,826$273,406$260,477$243,909$242,333$242,195
Victor O Olds$255,649$258,150$221,026
Paulette Lomonaco$257,567
Mitchell H Rubin$235,008$180,337
Denise Hinds$213,537$225,790$218,883$202,064$197,616$185,245
Joy Gerber$191,271$196,151$221,085$148,000
Diane Noriega$211,392$208,949$165,711$163,849

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$80.3M · 65%
Program service revenue$41.9M · 34%
Investment income$1.7M · 1%
Contributions & grants65%$80.3M
Program service revenue34%$41.9M
Investment income1%$1.7M
— government grantsLn 1e$65.1M
Total revenueLn 12$123.8M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.16 Fundraising $0.01
Program services83%$100.0M
Management & general16%$18.8M
Fundraising1%$1.4M
Total functional expensesLn 25$120.2M

Balance Sheet

Part X · end of year
CashLn 1$6.9M
Total assetsLn 16$158.8M
Total liabilitiesLn 26$33.5M
Total net assetsLn 32$125.3M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $71.6M · Operating expenses (Pt IX) $120.2M · Less non-cash grants $34K · Cash operating expenses/yr $120.2M
7.2 months
Where the money goes
Program services
Program services $100.0M · Total expenses $120.2M
83%
Management & General
Management & general $18.8M · Total expenses $120.2M
16%
Fundraising
Fundraising $1.4M · Total expenses $120.2M
1%
Cost to raise $1
Fundraising expense (3-yr avg) $1.5M · Solicited contributions (3-yr avg) $17.4M
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $80.3M · Total revenue $123.8M
65%
Government reliance
Government grants $65.1M · Total revenue $123.8M
53%
Earned-income share
Program service revenue $41.9M · Total revenue $123.8M
34%
Investment reliance
Investment income $1.7M · Total revenue $123.8M
+1%
Program self-sufficiency
Program service revenue $41.9M · Total expenses $120.2M
35%
Growth & trend
Revenue growth (YoY)
This year $123.8M · Prior year $110.4M
+12%
Net-asset trend (YoY)
End of year $125.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $123.8M · Expenses $120.2M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $158.8M
Net-asset ratio
Net assets $125.3M · Total assets $158.8M
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $64.7M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $158.8M
41%
People & payroll
Highest Reported Total Compensation
Individual Michelle Yanche · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $311K · Total expenses $120.2M
0.3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74.7M · Total expenses $120.2M
62%
Fundraising vendors
Fundraiser cost ratio
Paid to fundraisers $86K · Gross raised $954K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 16%
Fundraising cost ratio 2%
Revenue growth 12%
Investment management fee ratio 0.04%
Legal fee ratio 0.08%
Fundraising fee ratio 0.07%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 15 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$125.4M revenue · ⤓ 990 PDF
FY2023$123.8M revenue · viewing · ⤓ 990 PDF
FY2022$110.4M revenue · ⤓ 990 PDF
FY2021$104.4M revenue · ⤓ 990 PDF
FY2020$114.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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