PATERSON NEW JERSEY OPPORTUNITIES INDUSTRIALIZATION CENTER INC

EIN: 221947953 501(c)(3)

PATERSON, NJ

Total Revenue
$158,569
Total Expenses
$217,492
Total Assets
$120,058
Net Assets
$-304,101
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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
1972
Legal Domicile
NJ
Principal Officer
HOLLIS NELSON
Phone
9738810540
Tax Period
2023-07-01 to 2024-06-30

PATERSON NEW JERSEY OPPORTUNITIES INDUSTRIALIZATION CENTER INC, founded in 1972, is a small nonprofit that reported $159K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. Expenses of $217K exceeded revenue, resulting in a 37% operating deficit.

Mission

THE MISSION OF PATERSON NEW JERSEY OPPORTUNITIES INDUSTRIALIZATION CENTER, INC. IS TO ATTRACT GOVERNMENT GRANTS AND PRIVATE/BUSINESS FUNDS TO PROVIDE TRAINING PROGRAM AND EMPLOYMENT OPPORTUNITIES DESIGNED FOR INDIVIDUALS CONSTITUTING THE SO CALLED HARD CORE UNEMPLOYED IN THE CITY OF PATERSON, NEW JERSEY.

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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 $158,569
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $158,569

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,542
Fundraising Expenses $0
Program Expenses $208,224
Other Expenses $144,950
TOTAL EXPENSES $217,492

Year-over-Year Comparison

2023 2022 Change
Revenue $158,569 $183,245 -0.1%
Expenses $217,492 $274,777 -0.2%
Net Income $-58,923 $-91,532 -0.4%
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
7
Independent Members
7
Employees
6
Volunteers
5

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
7
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR BURNIE BRISTOW CHAIRPERSON/PRESIDENT 0.25
Director
$0 $0 $0
DR STEVEN M ROSE VICE CHAIRMAN/VICE PRESIDENT 0.25
Director
$0 $0 $0
ALVERIA SPENCER TREASURER 0.25
Director
$0 $0 $0
ALFRED V ACQUAVIVA ESQ MEMBER-AT-LARGE 0.25
Director
$0 $0 $0
DAWN M BLAKELY-HARPER ESQ MEMBER-AT-LARGE 0.25
Director
$0 $0 $0
PATRICIA FLETCHER MEMBER-AT-LARGE 0.25
Director
$0 $0 $0
ROSA RICHARDSON MEMBER-AT-LARGE 0.25
Director
$0 $0 $0
HOLLIS NELSON EXECUTIVE DIRECTOR 40.00
Officer Key Emp
$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 $158,569 $217,492 $120,058 $-58,923
2024 No data No data No data No data
2023 $151,018 $215,258 $121,527 $-64,240
2023 $183,245 $274,777 $154,364 $-91,532
2022 $183,245 $274,777 $154,364 $-91,532
2021 $813,214 $721,595 $257,017 $91,619
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