GILFORD PARK YACHT CLUB

EIN: 210732584

TOMS RIVER, NJ

Total Revenue
$465,061
Total Expenses
$416,661
Total Assets
$1,498,600
Net Assets
$719,775
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1933
Legal Domicile
NJ
Principal Officer
JOHN DELESANDRO
Phone
7329299838
Tax Period
2025-01-01 to 2025-12-31

GILFORD PARK YACHT CLUB, founded in 1933, is a small nonprofit that reported $465K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $417K left a modest 10% surplus.

Mission

THE GILFORD PARK YACHT CLUB IS A SOCIAL CLUB WHICH PROVIDES BOAT SLIPS AND RAMPS AS WELL AS MEETING AND DINING FACILITIES FOR ITS MEMBERS IN THE GILFORD PARK AREA OF TOMS RIVER

Program Service Accomplishments

Program 1

THE CLUB HAS A CLUBHOUSE WHERE THEY PROVIDE SOCIAL AND RECREATIONAL ACTIVITIES FOR ITS MEMBERS.

Program 2

THE CLUB HAS BOAT SLIPS AT ITS DOCK FOR THEIR MEMBERS TO DOCK THEIR BOATS

Program 3

THE CLUB HAS A SWIMMING BEACH THAT ITS MEMBERS CAN USE AND IT PROVIDES RECREATIONAL ACTIVITIES FOR ITS MEMBERS THERE

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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 (2025)

Revenue Breakdown

Contributions & Grants $5,182
Program Service Revenue $255,661
Investment Income $7
Other Revenue $204,211
TOTAL REVENUE $465,061

Expense Breakdown

Grants Paid $0
Salaries & Benefits $142,091
Fundraising Expenses $0
Other Expenses $274,570
TOTAL EXPENSES $416,661

Year-over-Year Comparison

2025 2024 Change
Revenue $465,061 $562,854 -0.2%
Expenses $416,661 $472,874 -0.1%
Net Income $48,400 $89,980 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
28
Volunteers
50

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
5
$17,324
Total Directors
7
$9,150
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DELESANDRO Treasurer 10.00
Officer
$11,503 $0 $11,503
LINDA CLARICI Trustee 10.00
Director
$9,150 $0 $9,150
VANESSA HEINZMAN COMMODORE 16.00
Officer
$5,821 $0 $5,821
RYAN BLAKE Trustee 3.00
Director
$0 $0 $0
TIMOTHY CARUSO Trustee 3.00
Director
$0 $0 $0
EWA SALERNO Trustee 3.00
Director
$0 $0 $0
RUSSELL CLINE Trustee 3.00
Director
$0 $0 $0
DANIEL HERR Trustee 3.00
Director
$0 $0 $0
JOANN HALADUN Trustee 3.00
Director
$0 $0 $0
RAINER MOELLERING VICE COMMODORE 10.00
Officer
$0 $0 $0
TOM SALERNO FINANCIAL SEC 10.00
Officer
$0 $0 $0
JOHN DAVID FELTON RECORDING SECRE 10.00
Officer
$0 $0 $0
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
2025 $465,061 $416,661 $1,498,600 $48,400
2024 $562,854 $472,874 $1,492,413 $89,980
2023 $482,531 $519,978 $1,479,579 $-37,447
2022 $455,996 $526,198 $1,515,104 $-70,202
2021 $374,525 $352,273 $1,609,893 $22,252
2020 $262,421 $236,952 $1,633,410 $25,469
2019 $468,076 $443,632 $1,651,442 $24,444
2018 $385,316 $428,428 $1,705,397 $-43,112
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