Jack Falvo III Foundation Ofschenectady Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. OWNS AND OPERATES A HOSPITALITY HOUSE KNOWN AS JACK'S PLACE. THE GOAL OF JACK'S PLACE IS TO PROVIDE A HOME FOR THE FAMILIES OF OUT OF TOWN PATIENTS OF ELLIS MEDICINE AND SUNNYVIEW REHABILITATION HOSPITAL WHILE THEIR LOVED ONES ARE REHABILITATING.
- Income
- $129,805
- Spending
- $109,107
- Spent on programs
- 68%
- Reserves
- 64.9 months of spending
- Largest source of income
- donations and private grants, 84%
- Employees
- 2
- Volunteers
- 30
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 100 out of 100. Higher than 83% of charities in its peer group (health care, under $250k).
Reserves
35 of 35Spendable reserves would cover 64.9 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 16% of income.
Income trend
15 of 15Income rose 8% on the year before.
Spending floor
15 of 1568% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 81 out of 100. Higher than 64% of charities in its peer group (health care, under $250k).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $74,009 spent. THE JACK FALVO III FOUNDATION OF SCHENECTADY, INC. CLOSED ON A PROPERTY LOCATED AT 17 ROSA ROAD IN SCHENECTADY, NEW YORK IN JUNE OF 2013. PLANS WERE COMPLETED TO RENOVATE THE FACILITY AND TO ADD AN ADDITION. BUILDING CONSTRUCTION WAS COMPLETED IN JANUARY 2017. THE FOUNDATION BEGAN ACCOMODATING FAMILIES OF OUT OF TOWN PATIENTS IN MARCH 2017. DURING 2024, JACK'S PLACE ACCOMODATED FAMILIES OF 57 PATIENTS AND 119 INDIVIDUALS. INDIVIDUALS STAYED FROM 13 STATES AND 2 COUNTRIES. THE AVERAGE STAY AT THE FACILITY IS 17 NIGHTS WITH AN AVERAGE OCCUPANCY OF 3 OUT OF THE 8 AVAIVABLE ROOMS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2007.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.