NORTH HUDSON REGIONAL COUNCIL OF MAYORS

EIN: 222083720 501(c)(3)

UNION CITY, NJ

Total Revenue
$1,619,125
Total Expenses
$1,635,798
Total Assets
$557,985
Net Assets
$412,111
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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

Principal Officer
NICHOLAS CICCO
Phone
2018664004
Tax Period
2024-01-01 to 2024-12-31

NORTH HUDSON REGIONAL COUNCIL OF MAYORS is a community nonprofit that reported $1.6M in total revenue in fiscal year 2024.

Mission

THE NORTH HUDSON REGIONAL COUNCIL OF MAYORS IS A NON-PROFIT CORPORATION ESTABLISHED TO ACT AS AN ADMINISTRATIVE AGENT FOR THE MEMBER MUNICIPALITIES, LOCATED IN THE COUNTY OF HUDSON, NEW JERSEY, TO REGIONALIZE THE ADMINISTRATION OF STATE AND FEDERAL FUNDED PROGRAMS AND OTHER SERVICES. THE COUNCIL IS TASKED TO REALIZE ECONOMIES OF SCALE THROUGH CENTRALIZED PLANNING, MANAGEMENT AND CONSOLIDATION OF MUNICIPAL SERVICES, AS WELL AS TO SECURE AVAILABLE FEDERAL AND STATE FINANCIAL ASSISTANCE. THE COUNCIL PROVIDES FOOD FOR HOMEBOUND ELDERLY RESIDENTS OF THE MEMBER MUNICIPALITIES.

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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 $1,587,372
Program Service Revenue $0
Investment Income $1,629
Other Revenue $30,124
TOTAL REVENUE $1,619,125

Expense Breakdown

Grants Paid $0
Salaries & Benefits $704,672
Fundraising Expenses $0
Program Expenses $1,635,798
Other Expenses $931,126
TOTAL EXPENSES $1,635,798

Year-over-Year Comparison

2024 2023 Change
Revenue $1,619,125 $1,572,383 +0.0%
Expenses $1,635,798 $1,606,632 +0.0%
Net Income $-16,673 $-34,249 -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

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Governance

Voting Members
6
Independent Members
6
Employees
34
Volunteers
N/A

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
0
$0
Total Directors
8
$109,801
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THERESA ALTAMURA PROJECT DIRE 40.00
Director
$59,801 $0 $59,801
NICHOLAS CICCO EXECUTIVE DI 20.00
Director
$50,000 $0 $50,000
RAVINDER S BHALLA MAYOR - HOBO N/A
Director
$0 $0 $0
CAROLYN DOYLE MAYOR - KEAR N/A
Director
$0 $0 $0
NICHOLAS J SACCO MAYOR - NORT N/A
Director
$0 $0 $0
ALBIO SIRES MAYOR - W. N N/A
Director
$0 $0 $0
BRIAN P STACK MAYOR - UNIO N/A
Director
$0 $0 $0
RICHARD F TURNER MAYOR - WEEH N/A
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 $1,619,125 $1,635,798 $557,985 $-16,673
2023 $1,572,383 $1,606,632 $621,175 $-34,249
2022 $1,476,347 $1,593,037 $589,018 $-116,690
2021 $1,374,598 $1,544,867 $742,976 $-170,269
2020 $1,518,663 $1,501,793 $853,866 $16,870
2019 $1,367,028 $1,341,131 $814,977 $25,897
2018 $1,509,130 $1,414,031 $791,172 $95,099
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