LAKEWOOD RESOURCE AND REFERRAL CENTER INC

EIN: 201324142 501(c)(3) Human Services

LAKEWOOD, NJ

Total Revenue
$61,091,530
Total Expenses
$56,346,129
Total Assets
$75,549,372
Net Assets
$53,348,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NJ
Principal Officer
DAVID FRIEDMAN
Phone
7323642144
Tax Period
2023-01-01 to 2023-12-31

LAKEWOOD RESOURCE AND REFERRAL CENTER INC, founded in 2004, is a mid-sized nonprofit in the Human Services sector that reported $61.1M in total revenue in fiscal year 2023. Expenses of $56.3M left a modest 8% surplus.

Mission

TO PROVIDE A COMPREHENSIVE, INTEGRATED SYSTEM OF HEALTH CARE TO OPTIMIZE THE PHYSICAL AND MENTAL WELL-BEING OF INDIDIUALS AND FAMILIES IN OUR COMMUNITY BY DELIVERING OUTSTANDING HEALTH EDUCATION, PREVENTATIVE AND TREATMENT SERVICES. TO PROVIDE SOCIAL SERVICE INFORMATION, REFERRALS, COUNSELING, COMMUNITY EDUCATION, AND ASSISTANCE IN NAVIGATING BOTH GOVERNMENT AND PRIVATE-SECTOR PROGRAMS IN A CARING AND COMPASSIONATE MANNER TO ENHACE THE QUALITY OF LIFE OF THE RESIDENTS OF OCEAN COUNTY AND HELP THEM ACHEIVE FINANCIAL INDEPENDENCE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,658,126
Program Service Revenue $46,449,299
Investment Income $1,131,311
Other Revenue $852,794
TOTAL REVENUE $61,091,530

Expense Breakdown

Grants Paid $191,581
Salaries & Benefits $32,366,215
Fundraising Expenses $0
Program Expenses $43,837,209
Other Expenses $23,788,333
TOTAL EXPENSES $56,346,129

Year-over-Year Comparison

2023 2022 Change
Revenue $61,091,530 $61,070,170 +0.0%
Expenses $56,346,129 $49,648,966 +0.1%
Net Income $4,745,401 $11,421,204 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
13
Independent Members
12
Employees
509
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$2,135,174
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AVRAHAM NAFTALI TREASURER 1.00
Officer Director
$0 $0 $0
BENNY HEINEMANN CHAIRMAN 1.00
Officer Director
$0 $0 $0
CHANIE JACOBOWITZ DIRECTOR 1.00
Director
$0 $0 $0
HINDY LANGER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BAUMAN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MCNEIL DIRECTOR 1.00
Director
$0 $0 $0
NECHAMA BASSER SECRETARY 1.00
Officer Director
$0 $0 $0
SAM STEIN DIRECTOR 1.00
Director
$0 $0 $0
SARA LEVI DIRECTOR 1.00
Director
$0 $0 $0
SIMCHA GREENWALD DIRECTOR 1.00
Director
$0 $0 $0
SRULI FRIED DIRECTOR 1.00
Director
$0 $0 $0
VIOLETTA PETERS DIRECTOR 1.00
Director
$0 $0 $0
YEHUDA FARBER DIRECTOR 1.00
Director
$0 $0 $0
DAVID FRIEDMAN CEO 40.00
Officer
$799,647 $69,101 $868,748
JEFFEREY KAMINETSKY CMO 40.00
Officer
$408,808 $38,699 $447,507
MENACHEM BERKOWITZ COO 40.00
Officer
$389,531 $32,199 $421,730
SCOTT JACKSON CFO 40.00
Officer
$358,940 $38,249 $397,189
JAIME KAWEBLUM DIRECTOR OF PEDIATRICS 40.00
Highest
$354,612 $26,638 $381,250
MICHAEL GOLUB PEDIATRICIAN 40.00
Highest
$428,744 $31,199 $459,943
MOSHE LEVY PEDIATRICIAN 40.00
Highest
$478,302 $38,949 $517,251
SOJNA KINNEY DIRECTOR OF WOMEN'S HEALTH 40.00
Highest
$361,290 $500 $361,790
YEHUDA NAIMAN PHYSICIAN ASSISTANT 50.00
Highest
$343,998 $17,993 $361,991
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $61,091,530 $56,346,129 $75,549,372 $4,745,401
2022 $61,070,170 $49,648,966 $72,910,779 $11,421,204
2021 $65,769,816 $43,006,135 $45,013,117 $22,763,681
2020 $38,898,693 $30,894,152 $26,620,597 $8,004,541
2019 $30,076,848 $28,219,466 $18,375,944 $1,857,382
2018 $28,173,577 $25,617,916 $14,276,563 $2,555,661
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