HOUSING DEVELOPMENT CORPORATION OF BERGEN COUNTY (EIN 222245961) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

LYNN BARTLETT

Phone

2013367601

Tax Period

2024-04-01 to 2025-03-31

HOUSING DEVELOPMENT CORPORATION OF BERGEN COUNTY, founded in 1978, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2024. The organization ran a surplus of $1.9M, a strong 25% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING TO SENIOR AND HANDICAPPED CITIZENS.

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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 $2,279,205

Program Service Revenue $4,198,443

Investment Income $1,065,812

Other Revenue $0

TOTAL REVENUE $7,543,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,987,186

Fundraising Expenses $0

Program Expenses $4,816,882

Other Expenses $3,642,588

TOTAL EXPENSES $5,629,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,543,460	$7,875,030	0.0%
Expenses	$5,629,774	$7,122,642	-0.2%
Net Income	$1,913,686	$752,388	+1.5%

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

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN BARTLETT	EXECUTIVE DIRECTOR	2.00	Officer Director	$0	$0	$100,000
AL RESTAINO	PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANE SCRIVERI	VICE PRESIDENT	1.00	Director	$0	$0	$0
PETE CAMINITI	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL ORTEGA	TRUSTEE	1.00	Director	$0	$0	$0
JOHN BIALE	DIRECTOR OF DEVELOPMENT	1.00	Director	$0	$0	$0
HARVEY SOHMER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL APICELLA	TREASURER	1.00	Director	$0	$0	$0
JOSEPH RUTCH	TRUSTEE	1.00	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
2025	$7,543,460	$5,629,774	$47,335,194	$1,913,686
2024	$7,875,030	$7,122,642	$45,858,956	$752,388
2023	$6,683,691	$6,055,010	$45,424,195	$628,681
2023	$6,683,691	$6,055,010	$45,424,195	$628,681
2022	$6,371,459	$5,250,798	$44,731,483	$1,120,661
2021	$6,110,015	$4,930,183	$44,090,057	$1,179,832
2020	$6,071,669	$4,343,718	$42,485,162	$1,727,951
2019	$4,813,341	$3,880,548	$39,364,333	$932,793

HOUSING DEVELOPMENT CORPORATION OF BERGEN COUNTY