NEW JERSEY ASSOCIATION OF HOUSING … - Form 990 Financial Data

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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

1990

Legal Domicile

Phone

7327103655

Tax Period

2024-10-01 to 2025-09-30

NEW JERSEY ASSOCIATION OF HOUSING AND REDEVELOPMENT AUTHORITIES, founded in 1990, is a small nonprofit that reported $118K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE ASSOCIATION'S MISSION IS TO KEEP MEMBERS INFORMED AND EDUCATED ON ALL ISSUES AND TOPICS AFFECTING THE OPERATION AND ADMINISTRATION OF SUBSIDIZED HOUSING AND REDEVELOPMENT PROGRAMS

Program Service Accomplishments

Program 1

WORKSHOPS, CONFERENCES AND CONVENTIONS TO EDUCATE MEMBERS ON CURRENT ISSUES AFFECTING THE OPERATION AND ADMINISTRATION OF SUBSIDIZED HOUSING AND REDEVELOPMENT PROGRAMS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,000

Program Service Revenue $104,921

Investment Income $91

Other Revenue $0

TOTAL REVENUE $118,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,500

Fundraising Expenses $0

Other Expenses $111,500

TOTAL EXPENSES $128,000

Year-over-Year Comparison

	2024	2023	Change
Revenue	$118,012	$125,046	-0.1%
Expenses	$128,000	$144,149	-0.1%
Net Income	$-9,988	$-19,103	-0.5%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHERRY L SIMS	Secretary	2.00	Director	$0	$0	$0
KATHLEEN DITOMASSO	Executive Dir.	2.00	Director	$0	$0	$0
RANDAL WOOD	Vice-Chairman	2.00	Officer	$0	$0	$0
GARY CENTINATO	Chairman	2.00	Officer	$0	$0	$0
SANDRA NIEMIEC	Comptroller	2.00	Officer	$0	$0	$0
SUSAN O'LEARY	Admin Assistant	2.00	Officer	$0	$0	$0
JOHN MAHON	Treasurer	2.00	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
2025	$118,012	$128,000	$207,920	$-9,988
2024	$125,046	$144,149	$246,863	$-19,103
2023	$101,854	$69,158	$198,161	$32,696
2022	$89,494	$78,516	$191,051	$10,978
2021	$59,252	$29,860	$139,950	$29,392
2020	$46,482	$33,404	$97,581	$13,078
2019	$113,453	$74,555	$118,287	$38,898
2018	$112,318	$80,511	$74,171	$31,807

NEW JERSEY ASSOCIATION OF HOUSING AND REDEVELOPMENT AUTHORITIES