CHURCH TOWERS URBAN RENEWAL CORP

EIN: 221763570

HOBOKEN, NJ

Total Revenue
$5,683,834
Total Expenses
$5,681,552
Total Assets
$2,257,070
Net Assets
$1,833,181
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NJ
Principal Officer
MICHELE LONG-VICKERS
Phone
2016590604
Tax Period
2024-01-01 to 2024-12-31

CHURCH TOWERS URBAN RENEWAL CORP, founded in 1965, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024.

Mission

NON-PROFIT HOUSING-PROVIDE AFFORDABLE HOUSING FOR LOW AND MIDDLE INCOME FAMILIES

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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 $0
Program Service Revenue $5,675,771
Investment Income $8,063
Other Revenue $0
TOTAL REVENUE $5,683,834

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,197,961
Fundraising Expenses $0
Program Expenses $5,105,364
Other Expenses $4,483,591
TOTAL EXPENSES $5,681,552

Year-over-Year Comparison

2024 2023 Change
Revenue $5,683,834 $5,346,053 +0.1%
Expenses $5,681,552 $5,400,294 +0.1%
Net Income $2,282 $-54,241 -1.0%
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
1
Independent Members
1
Employees
21
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELE LONG-VICKERS PRESIDENT 5.00
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
2024 $5,683,834 $5,681,552 $2,257,070 $2,282
2023 $5,346,053 $5,400,294 $2,485,400 $-54,241
2022 $5,066,094 $5,556,276 $2,545,897 $-490,182
2021 $4,869,210 $5,078,076 $2,847,241 $-208,866
2020 $5,149,977 $4,978,953 $3,019,978 $171,024
2019 $4,681,211 $4,876,415 $2,845,459 $-195,204
2018 $4,648,112 $4,785,074 $3,050,173 $-136,962
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