Urban League of Hudson County Inc

EIN: 221917127 501(c)(3) Human Services

Jersey City, NJ

Total Revenue
$9,272,203
Total Expenses
$8,136,257
Total Assets
$7,020,548
Net Assets
$6,271,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NJ
Principal Officer
Tamara Parchment
Phone
2014518888
Tax Period
2024-01-01 to 2024-12-31

Urban League of Hudson County Inc, founded in 1972, is a community nonprofit in the Human Services sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $8.1M left a modest 12% surplus.

Mission

The Urban League's mission is to empower residents and improve the quality of life in urban communities by working in partnership with community groups, government and corporate sponsors.

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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 $7,852,331
Program Service Revenue $23,105
Investment Income $1,022,711
Other Revenue $374,056
TOTAL REVENUE $9,272,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,112,137
Fundraising Expenses $0
Program Expenses $6,377,019
Other Expenses $2,024,120
TOTAL EXPENSES $8,136,257

Year-over-Year Comparison

2024 2023 Change
Revenue $9,272,203 $7,594,182 +0.2%
Expenses $8,136,257 $7,234,891 +0.1%
Net Income $1,135,946 $359,291 +2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
93
Volunteers
11

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
6
$401,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Baba Sulemana Fiscal Ofc./CFO 34.00
Officer
$167,614 $41,139 $208,753
Preston Pinkett III Int. Pres./CEO 34.00
Officer
$176,592 $15,655 $192,247
Loretta Richardson Chairperson 1.00
Officer Director
$0 $0 $0
Robert Kociolek Vice Chairman 1.00
Officer Director
$0 $0 $0
Eugene OConnell ESQ Treasurer 1.00
Officer Director
$0 $0 $0
Lisa Fennel Secretary 1.00
Officer Director
$0 $0 $0
Lance De La Rosa Member 1.00
Director
$0 $0 $0
Joseph McQueen Member 1.00
Director
$0 $0 $0
Patricia Price Member 1.00
Director
$0 $0 $0
Sakeema James Member 1.00
Director
$0 $0 $0
Lilia Diaz Member 1.00
Director
$0 $0 $0
John Ukegbu ESQ Member 1.00
Director
$0 $0 $0
George Joseph Member 1.00
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 $9,272,203 $8,136,257 $7,020,548 $1,135,946
2023 $7,594,182 $7,234,891 $6,157,136 $359,291
2022 $6,993,393 $6,826,186 $6,211,810 $167,207
2021 $7,750,253 $6,808,726 $6,325,460 $941,527
2020 $7,238,435 $7,307,889 $6,023,668 $-69,454
2019 $6,968,896 $6,725,824 $5,097,611 $243,072
2018 $7,096,778 $7,058,437 $4,690,149 $38,341
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