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 Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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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

ENGAGE AND EMPOWER INDIVIDUALS, FAMILIES AND GROUPS IN REALIZING THEIR ASPIRATIONS AND, TOGETHER, WORK TO CREATE A JUST, VIBRANT AND SUSTAINABLE COMMUNITY.

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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 $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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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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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
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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