CROSSROADS INC

EIN: 222345520 501(c)(3) Human Services

NEW BRUNSWICK, NJ

Total Revenue
$1,079,123
Total Expenses
$802,785
Total Assets
$212,845
Net Assets
$57,781
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NJ
Principal Officer
RICHARDO KHAN
Phone
7322387530
Tax Period
2023-07-01 to 2024-06-30

CROSSROADS INC, founded in 1981, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $276K, a strong 26% operating margin.

Mission

THE CROSSROADS THEATRE COMPANY IS DEDICATED TO ARTISTIC EXCELLENCE IN THE CREATION AND PRODUCTION OF PROFESSIONAL THEATRE THAT: 1. CELEBRATES THE CULTURE, ARTISTRY AND VOICES OF THE AFRICAN DIASPORA; 2. PROVIDES A NURTURING, PROFESSIONAL WORKING ENVIRONMENT FOR WRITERS AND ARTISTS IN THE DEVELOPMENT OF PLAYS CREATED AND INTERPRETED THROUGH THE LENS OF THE BLACK EXPERIENCE; 3. PRESENTS AUTHENTIC PORTRAYALS OF PEOPLE OF COLOR IN THIS COUNTRY AND FROM AROUND THE WORLD IN ORDER TO INSPIRE, EDUCATE, IGNITE IMAGINATION AND PROMOTE HEALING IN OUR SOCIETY; 4. PROMOTES A DEEPER, MORE INFORMED CROSS-CULTURAL CONVERSATION ON COMMUNITY, OUR INTERCONNECTEDNESS, THE HISTORIES WE SHARE AND DON'T SHARE, THE HUMAN CONDITION TODAY, AND THE WORLD WE STRIVE TO BUILD FOR TOMORROW.

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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 (2023)

Revenue Breakdown

Contributions & Grants $971,315
Program Service Revenue $107,800
Investment Income $8
Other Revenue $0
TOTAL REVENUE $1,079,123

Expense Breakdown

Grants Paid $0
Salaries & Benefits $528,284
Fundraising Expenses $0
Program Expenses $428,800
Other Expenses $274,501
TOTAL EXPENSES $802,785

Year-over-Year Comparison

2023 2022 Change
Revenue $1,079,123 $725,446 +0.5%
Expenses $802,785 $916,732 -0.1%
Net Income $276,338 $-191,286 -2.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
15
Volunteers
1520

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ABENA P A BUSIA PRESIDENT 5.00
Officer Director
$0 $0 $0
THEODORE BENNETT ESQ TRUSTEE 2.00
Director
$0 $0 $0
ZACKARIE L LEMELLE VICE PRESIDE 5.00
Officer Director
$0 $0 $0
MICHAEL D ROBINSON TRUSTEE 2.00
Director
$0 $0 $0
SUSAN CHAVIS SETTLES TRUSTEE 5.00
Director
$0 $0 $0
DELORES STILL TRUSTEE 2.00
Director
$0 $0 $0
KEVIN TAYLOR TRUSTEE 2.00
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 No data No data No data No data
2024 $1,079,123 $802,785 $212,845 $276,338
2023 $725,446 $916,732 $126,437 $-191,286
2022 $1,133,208 $1,392,554 $173,148 $-259,346
2021 $615,983 $456,266 $244,392 $159,717
2020 $1,006,067 $737,505 $197,599 $268,562
2020 $914,192 $738,692 $104,537 $175,500
2019 $461,224 $635,631 $4,480 $-174,407
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