AFRICAN AMERICAN FUND OF NEW JERSEY INC

EIN: 222349446 501(c)(3) Human Services

EAST ORANGE, NJ

Total Revenue
$221,494
Total Expenses
$164,050
Total Assets
$658,267
Net Assets
$658,267
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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
2009
Legal Domicile
NJ
Principal Officer
CHARLES CRAIG
Phone
9735402176
Tax Period
2023-01-01 to 2023-12-31

AFRICAN AMERICAN FUND OF NEW JERSEY INC, founded in 2009, is a small nonprofit in the Human Services sector that reported $221K in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $57K, a strong 26% operating margin.

Mission

THE OBJCTIVE OF AAF IS TO ENABLE INDIVIDUALS TO HELP THEMSELVES CREATE A BETTER SENCE OF SELF, IDENTITY, AND ULTIMETELY SELF SUFFICIENCY

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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 $175,002
Program Service Revenue $0
Investment Income $0
Other Revenue $46,492
TOTAL REVENUE $221,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,454
Program Expenses $15,778
Other Expenses $164,050
TOTAL EXPENSES $164,050

Year-over-Year Comparison

2023 2022 Change
Revenue $221,494 $99,877 +1.2%
Expenses $164,050 $94,572 +0.7%
Net Income $57,444 $5,305 +9.8%
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
4
Independent Members
4
Employees
N/A
Volunteers
10

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
4
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN 001.00
Officer Director
$0 $0 $0
N/A TREAS 002.00
Officer Director
$0 $0 $0
N/A MEMBER 001.00
Director Highest
$0 $0 $0
N/A MEMBER 001.00
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
2023 $221,494 $164,050 $658,267 $57,444
2022 $99,877 $94,572 $600,823 $5,305
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