Ganas - Finances

Finances

Ganas runs three stores under the name "Everything Goes" that are dedicated to the re-use and re-sale of used goods. The stores include a furniture store, a clothing store and a bookstore/cafe with a performance stage. The businesses support the community but are labor-intensive and only marginally profitable. For most of its life Ganas' income was declared on FFL's IRS form 990 for tax-exempt organizations. Since 2001 FFL has taken in an average of $475,000 in total annual revenue, including direct public support and program service revenue. FFL's program services are listed as "Feedback Learning Skills Development" and "Interpersonal Skills Development". FFL's revenues do not include income from their "Everything Goes" stores, as those are for-profit entities.

In late 2006 the core-group reorganized as Ganas Community LLC, and began a new business called Ganas Food Company LLC. Mildred Gordon continues to draw an annual salary of $40,000 as the executive director of FFL. In 2007 the legal address of FFL changed from Ganas headquarters on Staten Island to Brooklyn, and the same year FFL's tax return declared only $15,550 in total revenue and $75 in direct public support. The following year total revenue fell to $2295 with direct public support of $0. Ganas has a real estate portfolio estimated at $10 million with holdings in upstate New York, Brooklyn, Virginia, California and Spain.

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