Family Service Bureau of Newark NJ

EIN: 221487182 501(c)(3)

Newark, NJ

Total Revenue
$1,380,533
Total Expenses
$1,507,162
Total Assets
$450,338
Net Assets
$-2,381,402
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
NJ
Principal Officer
Simone Gagnerone
Phone
9736232800
Tax Period
2024-01-01 to 2024-12-31

Family Service Bureau of Newark NJ, founded in 1947, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

THE FAMILY SERVICE BUREAU OF NEWARK, NJ WAS ORGANIZED TO PRESERVE, STRENGTHEN, AND ENRICH THE QUALITY OF LIFE THROUGH PREVENTION, INTERVENTION, COUNSELING AND COMMUNITY EDUCATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $532,803
Program Service Revenue $847,730
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,380,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $966,990
Fundraising Expenses $2,809
Program Expenses $1,429,589
Other Expenses $540,172
TOTAL EXPENSES $1,507,162

Year-over-Year Comparison

2024 2023 Change
Revenue $1,380,533 $1,262,749 +0.1%
Expenses $1,507,162 $1,441,669 +0.0%
Net Income $-126,629 $-178,920 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
8

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
4
$473,433
Total Directors
9
$59,856
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIMONE GAGNERONE CHIEF EXECUTIVE OFFICER 1.0
Officer
$0 $7,737 $284,933
ELIZABETH MBAKAYA CHIEF FINANCIAL OFFICER 1.0
Officer
$0 $0 $188,500
RICHARD ROHRMAN CEO - FORMER 1.0
$0 $0 $104,673
MADGE WILSON EMERITA 1.0
Director
$0 $3,720 $59,856
Edgar Nemorin Interim Chairman and Treasurer 1.0
Officer Director
$0 $0 $0
Newton Richards SECRETARY 1.0
Officer Director
$0 $0 $0
Barry Baker BOARD MEMBER 1.0
Director
$0 $0 $0
Fernando Colon BOARD MEMBER 1.0
Director
$0 $0 $0
Diane Johnson BOARD MEMBER 1.0
Director
$0 $0 $0
ANTHONY MARCHETTA BOARD MEMBER 1.0
Director
$0 $0 $0
JEROME ST JOHN BOARD MEMBER 1.0
Director
$0 $0 $0
DR ZACHARY YAMBA EMERITA 1.0
Director
$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
2024 $1,380,533 $1,507,162 $450,338 $-126,629
2023 $1,262,749 $1,441,669 $692,009 $-178,920
2022 $1,325,896 $1,497,292 $900,847 $-171,396
2021 $1,789,435 $1,899,838 $566,362 $-110,403
2020 $1,476,437 $1,669,029 $314,392 $-192,592
2019 $1,315,806 $1,540,743 $246,799 $-224,937
2018 $1,275,178 $1,588,597 $318,152 $-313,419
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