BARROW MANSION DEVELOPMENT CORP

EIN: 222527195 501(c)(3)

JERSEY CITY, NJ

Total Revenue
$41,254
Total Expenses
$27,753
Total Assets
$253,826
Net Assets
$223,444
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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
1992
Legal Domicile
NJ
Principal Officer
ERIC CARTER
Phone
2016045981
Tax Period
2024-01-01 to 2024-12-31

BARROW MANSION DEVELOPMENT CORP, founded in 1992, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $14K, a strong 33% operating margin.

Mission

THE MISSION OF THE BMDC IS TO PRESERVE THE HISTORIC BARROW MANSION AND TO PROMOTE ITS USE AS A CENTER FOR THE COMMUNITY SERVICE

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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 $56,984
Program Service Revenue $0
Investment Income $3,513
Other Revenue $-19,243
TOTAL REVENUE $41,254

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $1,700
Program Expenses $24,808
Other Expenses $26,053
TOTAL EXPENSES $27,753

Year-over-Year Comparison

2024 2023 Change
Revenue $41,254 $81,119 -0.5%
Expenses $27,753 $25,389 +0.1%
Net Income $13,501 $55,730 -0.8%
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
9
Independent Members
9
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY AREVELO TREASURER 5.00
Officer
$0 $0 $0
ERIC CARTER PRESIDENT 5.00
Officer
$0 $0 $0
OONA MOORE VICE PRESIDE 5.00
Officer
$0 $0 $0
CRAIG ZHEMS SECRETARY 1.00
Officer
$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
2024 $41,254 $27,753 $253,826 $13,501
2023 $81,119 $25,389 $252,295 $55,730
2022 $90,827 $14,551 $184,691 $76,276
2021 $79,003 $65,489 $103,853 $13,514
2020 $53,592 $89,528 $96,986 $-35,936
2019 $256,569 $234,508 $147,533 $22,061
2018 $116,232 $156,399 $118,779 $-40,167
2017 $132,000 $207,656 $152,550 $-75,656
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