Ironbound Community Corporation

EIN: 221916086 501(c)(3)

Newark, NJ

Total Revenue
$10,799,349
Total Expenses
$9,679,250
Total Assets
$21,189,810
Net Assets
$18,413,945
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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NJ
Principal Officer
HAZEL APPLEWHITE
Phone
9735893353
Tax Period
2023-09-01 to 2024-08-31

Ironbound Community Corporation, founded in 1970, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2023. Expenses of $9.7M left a modest 10% surplus.

Mission

IRONBOUND COMMUNITY CORPORATION'S MISSION IS TO ENGAGE AND EMPOWER INDIVIDUALS, FAMILIES AND GROUPS IN REALIZING THEIR ASPIRATIONS AND, TOGETHER, WORK TO CREATE A JUST, VIBRANT AND SUSTAINABLE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $3,014,841 Revenue: $246,249

The preschool program is NAEYC accredited and provides developmentally appropriate and enriching care and education for 150 preschoolers, 75 three year olds and 75 four year olds. Our early childhood...

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The preschool program is NAEYC accredited and provides developmentally appropriate and enriching care and education for 150 preschoolers, 75 three year olds and 75 four year olds. Our early childhood program is in contract with Newark Public Schools (NPS) and Administration for Children and Families (ACF). The program employs a health and nutrition coordinator and a family and community engagement manager who provide comprehensive services to children and families.

Program 2
Expenses: $1,653,501

Early Head Start serves 4 families who are pregnant, 12 families who have children up to 3 years of age at home, and 56 children 0-3 years at the center. Both in the home-based and center-based...

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Early Head Start serves 4 families who are pregnant, 12 families who have children up to 3 years of age at home, and 56 children 0-3 years at the center. Both in the home-based and center-based components, the staff helps parents with the changes and needs of their family that come along with having a small child, and the parent learns ways to help their child meet all milestones, including helping the family ensure the child is healthy, developmentally on target, and ready for the world. School readiness, is a major component of the Early Head Start program.

Program 3
Expenses: $1,582,996

COMMUNITY OUTREACH ADVOCATES FOR AFFORDABLE HOUSING, ENVIRONMENTAL JUSTICE, SAFE STREETS, AND IMMIGRANT RIGHTS WITHIN THE COMMUNITY IT SERVES. The Environmental Justice & Community Development...

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COMMUNITY OUTREACH ADVOCATES FOR AFFORDABLE HOUSING, ENVIRONMENTAL JUSTICE, SAFE STREETS, AND IMMIGRANT RIGHTS WITHIN THE COMMUNITY IT SERVES. The Environmental Justice & Community Development Department strives to build a community that is safe, healthy, just, and equitable for all residents. This is done through various programs and initiatives, including: community organizing & leadership development, neighborhood planning & revitalization, public policy development, community resiliency, urban agriculture, and housing & economic empowerment.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,162,349
Program Service Revenue $246,249
Investment Income $259,659
Other Revenue $131,092
TOTAL REVENUE $10,799,349

Expense Breakdown

Grants Paid $329,732
Salaries & Benefits $7,015,552
Fundraising Expenses $166,303
Program Expenses $8,847,236
Other Expenses $2,333,966
TOTAL EXPENSES $9,679,250

Year-over-Year Comparison

2023 2022 Change
Revenue $10,799,349 $10,839,065 0.0%
Expenses $9,679,250 $9,936,489 0.0%
Net Income $1,120,099 $902,576 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
214
Volunteers
110

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
$220,698
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA LOPEZ-NUNEZ DEP. DIR. OF ORGANIZING/ADVOC 40.0
Highest
$170,039 $0 $170,039
HAZEL APPLEWHITE CEO 40.0
Officer
$136,718 $9,517 $146,235
GRACIELE M BLANCO DIRECTOR OF PRESCHOOL 40.0
Highest
$118,276 $4,140 $122,416
TENDAI TEMBO CFO (THRU 04/11/24) 40.0
Officer
$74,253 $210 $74,463
DAVID ROBINSON PRESIDENT 1.0
Officer Director
$0 $0 $0
JOHANNA MOROCH VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
ANA BAPTISTA PHD SECRETARY 1.0
Officer Director
$0 $0 $0
YOLANDA HERNANDEZ TREASURER 1.0
Officer Director
$0 $0 $0
KHABIRAH MYERS ESQ TRUSTEE 1.0
Director
$0 $0 $0
RAFAELA REMELGADO TRUSTEE 1.0
Director
$0 $0 $0
HILDA MERA TRUSTEE 1.0
Director
$0 $0 $0
WILLIAM GOOD TRUSTEE 1.0
Director
$0 $0 $0
KATERYN LENDOS TRUSTEE 1.0
Director
$0 $0 $0
ALPESH PATEL CFO (EFF 04/08/2024) 40.0
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 No data No data No data No data
2024 $10,799,349 $9,679,250 $21,189,810 $1,120,099
2023 $10,839,065 $9,936,489 $20,742,743 $902,576
2022 $10,541,476 $8,948,839 $19,836,995 $1,592,637
2022 $10,441,476 $9,118,884 $19,736,995 $1,322,592
2021 $9,449,256 $7,648,201 $18,528,581 $1,801,055
2020 $8,272,491 $7,733,242 $16,951,192 $539,249
2019 $8,259,910 $7,391,262 $16,503,140 $868,648
2018 $7,030,875 $7,285,782 $15,971,124 $-254,907
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