FRIENDSHIP CENTER FOR NEW BEGINNINGS INC

EIN: 222492357 501(c)(3) Human Services

FLEMINGTON, NJ

Total Revenue
$241,520
Total Expenses
$171,844
Total Assets
$376,491
Net Assets
$376,491
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
NJ
Principal Officer
LUCY BUSH
Phone
9088064444
Tax Period
2024-01-01 to 2024-12-31

FRIENDSHIP CENTER FOR NEW BEGINNINGS INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $242K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $70K, a strong 29% operating margin.

Mission

CHRISTIAN MINISTRY EXPRESSING GODS LOVE THROUGH: 1 EMPOWERING NEEDY SINGLE PARENT FAMILIES TO REACH THEIR FULL POTENTIAL 2. ADDRESSING THE CAUSES OF SINGLE

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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 (2024)

Revenue Breakdown

Contributions & Grants $209,520
Program Service Revenue $32,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $241,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,241
Fundraising Expenses $2,750
Program Expenses $130,291
Other Expenses $101,603
TOTAL EXPENSES $171,844

Year-over-Year Comparison

2024 2023 Change
Revenue $241,520 $149,450 +0.6%
Expenses $171,844 $180,702 0.0%
Net Income $69,676 $-31,252 -3.2%
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
3
Volunteers
3

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
0
$0
Total Directors
2
$0
Key Employees
9
$61,439
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNIE AVERY CHAIR 5.00
Director
$0 $0 $0
GEORGE MOYER BOARD MEMBER 4.00
Director
$0 $0 $0
MIMI KOONTZ CO-DIRECTOR 25.00
Key Emp
$24,846 $0 $24,846
ROSANA LIZANA PEER COUNSELOR 10.00
Key Emp
$4,404 $0 $4,404
IDA MORALES MENDEZ HISPANIC PEER COUNSELOR 10.00
Key Emp
$4,043 $0 $4,043
MIRIAM MALDONADO BOARD MEMBER 10.00
Key Emp
$0 $0 $0
SAM MALDONADO BOARD MEMBER 10.00
Key Emp
$0 $0 $0
WILBERTO GONZALEZ COUNSELOR 20.00
Key Emp
$27,692 $0 $27,692
KEN STAPLES BOARD YOUTH LEADER 5.00
Key Emp
$0 $0 $0
JUMMY ADEJUYIGBE VICE CHAIR AND BOARD MEDIA 5.00
Key Emp
$0 $0 $0
BALBINA GONZALEZ BOARD MEMBER 5.00
Key Emp
$454 $0 $454
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 $241,520 $171,844 $376,491 $69,676
2023 $149,450 $180,702 $306,815 $-31,252
2022 $178,240 $169,925 $383,722 $8,315
2021 $187,534 $146,117 $437,125 $41,417
2020 $178,045 $131,876 No data $46,169
2019 $186,595 $166,989 $404,833 $19,606
2018 $115,027 $167,927 $415,634 $-52,900
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