PATERSON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PATERSON RESTORATION CORPORATION, founded in 1977, is a micro nonprofit in the Community Improvement sector that reported $428K in total revenue in fiscal year 2024. Revenue fell 225% from the prior year — a significant decline worth monitoring.
TO ENCOURAGE RESTORATION IN THE CITY OF PATERSON. TO PROVIDE LOW INTEREST LOANS TO FACILITATE THE PATERSON COMMUNITY CONSTRUCTION AND RESTORATION PROJECTS.
THE GREAT FALLS HISTORIC DISTRICT- TITLE IX FUND- WAS ESTABLISHED IN 1984 BY CITY COUNCIL RESOLUTION. THE CITY OF PATERSON DREW DOWN THE BALANCE OF FUNDS AVAILABLE TO IT ACCORDING TO THE CITY'S GRANT...
THE GREAT FALLS HISTORIC DISTRICT- TITLE IX FUND- WAS ESTABLISHED IN 1984 BY CITY COUNCIL RESOLUTION. THE CITY OF PATERSON DREW DOWN THE BALANCE OF FUNDS AVAILABLE TO IT ACCORDING TO THE CITY'S GRANT AGREEMENT WITH THE USEDA. THE FUNDS WERE TRANSFERRED TO THE PRC AND ARE TO BE ENCUMBERED FOR USE ONLY IN THE GREAT FALLS HISTORIC DISTRICT.
INDUSTRIAL RELOCATION EXPENSES INCURRED FOR PROMOTION AND RESEARCH TO ATTRACT MORE BUSINESS ENTERPRISES TO RELOCATE TO THE CITY OF PATERSON, UNDERWRITING COSTS TO PROVIDE LOANS TO BUSINESSES.
UEZ PROJECT PROGRAM - THIS PROGRAM FACILITATES THE FUNDING OF MANY UEZ STATE APPROVED PROJECTS. THE FUNDS ARE HELD IN A RESTRICTED BANK ACCOUNT TO BE USED FOR PAYMENT TO VENDORS IN CONNECTION WITH AN...
UEZ PROJECT PROGRAM - THIS PROGRAM FACILITATES THE FUNDING OF MANY UEZ STATE APPROVED PROJECTS. THE FUNDS ARE HELD IN A RESTRICTED BANK ACCOUNT TO BE USED FOR PAYMENT TO VENDORS IN CONNECTION WITH AN APPROVED PROJECT AND SUPPORTING DOCUMENTATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $-428,187 | $343,348 | -2.2% |
| Expenses | $474,994 | $8,843,386 | -0.9% |
| Net Income | $-903,181 | $-8,500,038 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARIO TOMMOLILLO | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| GEORGE MCLOOF | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| DR STEVE ROSE | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ABDUL HAMDAN | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| ORLANDO CRUZ | BOARD CHAIRMAN | 2.00 |
Officer
|
$0 | $0 | $0 |
| JEFFREY LEVINE | SECRETARY | 2.00 |
Officer
|
$0 | $0 | $0 |
| MATTHEW EVANS | VICE CHAIRMAN | 2.00 |
Officer
|
$0 | $0 | $0 |
| HARVEY NUTTER | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| TIFFANY HARRIS - DELANEY | EXECUTIVE DIRECTOR | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $-428,187 | $474,994 | $10,009,849 | $-903,181 |
| 2024 | $343,348 | $8,843,386 | $11,284,806 | $-8,500,038 |
| 2023 | $165,732 | $125,148 | $19,867,630 | $40,584 |
| 2022 | $100,919 | $103,863 | $19,877,384 | $-2,944 |
| 2021 | $484,633 | $298,300 | $20,097,911 | $186,333 |
| 2020 | $550,251 | $302,798 | $20,160,144 | $247,453 |
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