Newark Emergency Services for Fami… - 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

1977

Legal Domicile

Principal Officer

AMINA BEY

Phone

9736392100

Tax Period

2023-01-01 to 2023-12-31

Newark Emergency Services for Families Inc, founded in 1977, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $2.1M exceeded revenue, resulting in a 24% operating deficit.

Mission

FOR OVER 45 YEARS, NESF, A NOT-FOR-PROFIT ORGANIZATION, HAS BEEN SERVING THE GREATER ESSEX COUNTY COMMUNITY. NESF IS COMMITTED TO PROVIDING QUALITY SERVICES TO INDIVIDUALS AND FAMILIES WHO NEED ASSISTANCE WITH EMERGENCY FOOD, CLOTHING, SHELTER, UTILITIES, RENT, AND OTHER BASIC NECESSITIES DURING TIMES OF CRISIS. THE HOMELESS, THE WORKING POOR, SENIORS, INDIVIDUALS WITH HIV/AIDS, AND THOSE AFFECTED BY FIRE, EVICTION, OR DOMESTIC VIOLENCE REMAIN OUR PRIMARY FOCUS. WHEN THERE IS NOWHERE ELSE TO TURN, INDIVIDUALS CAN COME TO NESF. WE ARE A SAFETY NET TO THE COMMUNITY PROVIDING SERVICE WITH COMPASSION, DIGNITY, AND RESPECT.

Program Service Accomplishments

Program 1

Expenses: $1,316,393

Newark Emergency Services for Families (NESF) provides short-term immediate emergency assistance, as well as long term sustainable solutions, for residents of Essex County who are homeless...

Newark Emergency Services for Families (NESF) provides short-term immediate emergency assistance, as well as long term sustainable solutions, for residents of Essex County who are homeless, unemployed, in crisis and experiencing hardships. The agency provides food, clothing, shelter, workforce development, counseling, social service referrals and financial assistance with housing and utilities. The Weequahic Family Success Center (WFSC) is a community focused center that provides support and resources that help strengthen families in Newark's South Ward. Programs and Services at the WFSC include youth mentoring, grandparents support groups, employment opportunities, male mentoring, parenting classes, family activities and community support.

Program 2

Expenses: $122,071

Homelessness- making the community aware of programs for services provided, monitoring of on-going emergency services available and developing new services.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,635,456

Program Service Revenue $0

Investment Income $5,210

Other Revenue $14,563

TOTAL REVENUE $1,655,229

Expense Breakdown

Grants Paid $242,618

Salaries & Benefits $994,131

Fundraising Expenses $6,485

Program Expenses $1,438,464

Other Expenses $816,103

TOTAL EXPENSES $2,052,852

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,655,229	$4,889,651	-0.7%
Expenses	$2,052,852	$5,057,537	-0.6%
Net Income	$-397,623	$-167,886	+1.4%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

200

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

$143,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
amina bey	Executive Director	40.0	Officer	$143,332	$0	$143,332
krista hayes	PRESIDENT - DIRECTOR	5.0	Officer Director	$0	$0	$0
celia m king	VICE PRESIDENT - DIRECTOR	5.0	Officer Director	$0	$0	$0
robert j singer	secretary/treasurer - DIRECTOR	5.0	Officer Director	$0	$0	$0
marilyn rosenbaum	Trustee	5.0	Director	$0	$0	$0
charlotte attenborough	TRUSTEE	5.0	Director	$0	$0	$0
Ayana DaSilva	TRUSTEE	5.0	Director	$0	$0	$0
Michael S Fletcher II	TRUSTEE	5.0	Director	$0	$0	$0
Dr Lisa Lewis	TRUSTEE	5.0	Director	$0	$0	$0
Olive B Ross	TRUSTEE	5.0	Director	$0	$0	$0
Layla Andrade	trustee	5.0	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	No data	No data	No data	No data
2023	$1,655,229	$2,052,852	$2,599,294	$-397,623
2022	$4,889,651	$5,057,537	$2,300,468	$-167,886
2021	$3,172,206	$2,260,030	$2,340,957	$912,176
2020	$2,053,672	$1,945,115	$2,379,329	$108,557
2019	$1,319,538	$1,733,712	$2,375,452	$-414,174
2018	$1,464,908	$1,631,980	$2,497,722	$-167,072

Newark Emergency Services for Families Inc