URBAN EDGE HOUSING CORPORATION (EIN 222483475) - 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

1983

Legal Domicile

Principal Officer

SALVATORE BOSCO

Phone

6179899300

Tax Period

2023-01-01 to 2023-12-31

URBAN EDGE HOUSING CORPORATION, founded in 1983, is a mid-sized nonprofit in the Community Improvement sector that reported $10.9M in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $2.3M, a strong 21% operating margin.

Mission

URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS.

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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 $2,511,423

Program Service Revenue $7,147,555

Investment Income $509,488

Other Revenue $768,648

TOTAL REVENUE $10,937,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,123,638

Fundraising Expenses $345,457

Program Expenses $6,972,768

Other Expenses $4,475,562

TOTAL EXPENSES $8,599,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,937,114	$13,624,386	-0.2%
Expenses	$8,599,200	$8,154,329	+0.1%
Net Income	$2,337,914	$5,470,057	-0.6%

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

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

$484,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHANNA SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
SEBASTIAN ZAPATA	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW SOBERS	TREASURER	2.00	Officer Director	$0	$0	$0
BENJAMIN FORMAN	CLERK	2.00	Officer Director	$0	$0	$0
WANDA ATKINS	ASSISTANT CLERK	2.00	Officer Director	$0	$0	$0
NATACHA DUNKER	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
JACQUELINE M CUMMINGS-FURTADO	EXECUTIVE COMMITTEE MEMBER	2.00	Director	$0	$0	$0
ANNE MCKINNON	EXECUTIVE COMMITTEE MEMBER	2.00	Director	$0	$0	$0
BRUCE EHRLICH	MEMBER	2.00	Director	$0	$0	$0
TERESA RODRIGUEZ	MEMBER	2.00	Director	$0	$0	$0
BERYL HARRIS	MEMBER	1.00	Director	$0	$0	$0
EDDIE JENKINS	MEMBER	2.00	Director	$0	$0	$0
DIANE STAFFORD	MEMBER	1.00	Director	$0	$0	$0
GENIE CURRY	MEMBER	2.00	Director	$0	$0	$0
NATHAN ZIELONKA	MEMBER	2.00	Director	$0	$0	$0
ALISON HAIGHT	MEMBER	2.00	Director	$0	$0	$0
DARLENE ATKINS	MEMBER	2.00	Director	$0	$0	$0
DONOVAN MONTROSE	MEMBER (PASSED AWAY 12/2023)	1.00	Director	$0	$0	$0
JEANETTE CALLAHAN	MEMBER	2.00	Director	$0	$0	$0
AREALUS POUGH	MEMBER	2.00	Director	$0	$0	$0
MIRELLA CRUZ	MEMBER	2.00	Director	$0	$0	$0
ARMANI WHITE	MEMBER	2.00	Director	$0	$0	$0
VIVIAN MBA OKORO	MEMBER	2.00	Director	$0	$0	$0
JACQUINN SINCLAIR	MEMBER (UNTIL 4/2023)	2.00	Director	$0	$0	$0
EMILIO DORCELY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$234,321	$19,708	$254,029
SALVATORE J BOSCO	CFO (UNTIL 2/2024), SENIOR VICE PRESIDENT	31.00	Officer	$221,203	$8,848	$230,051
KEVEN SPILLANE JR	ASSET MANAGER	33.00	Highest	$141,945	$34,507	$176,452
MICHAEL MULLAN ROUSSEAU	DIRECTOR OR RESOURCE DEVELOPMENT	40.00	Highest	$138,384	$5,546	$143,930
GAIL PATRICIA GRAZIANO	CONTROLLER	39.00	Highest	$119,534	$18,452	$137,986
ALIA PACOMBE	DIRECTOR OF COMMUNITY ENGAGEMENT	39.00	Highest	$109,451	$35,625	$145,076
ROBERT CREDLE	DIRECTOR OF COMMUNITY PROGRAMS	47.00	Highest	$132,489	$5,300	$137,789

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	$10,937,114	$8,599,200	$67,468,338	$2,337,914
2022	$13,624,386	$8,154,329	$59,543,867	$5,470,057
2021	$13,249,471	$8,476,366	$48,065,772	$4,773,105
2020	$9,385,692	$8,476,847	$56,943,596	$908,845
2019	$9,221,381	$9,416,298	$47,496,164	$-194,917
2018	$9,117,070	$7,694,784	$38,194,453	$1,422,286

URBAN EDGE HOUSING CORPORATION