THE HEART OF CAMDEN INC

EIN: 222589999 501(c)(3)

CAMDEN, NJ

Total Revenue
$838,334
Total Expenses
$733,513
Total Assets
$604,036
Net Assets
$521,945
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NJ
Principal Officer
CARLOS MORALES
Phone
8569661212
Tax Period
2023-01-01 to 2023-12-31

THE HEART OF CAMDEN INC, founded in 1984, is a small nonprofit that reported $838K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $734K left a modest 13% surplus.

Mission

RESTORE DIGNITY AND THE QUALITY OF LIFE OF THE RESIDENTS OF THE WATERFRONT SOUTH COMMUNITY IN CAMDEN, NEW JERSEY THROUGH PROGRAMS FOR HOUSING RESTORATION, ECONOMIC EXPANSION

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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 $722,852
Program Service Revenue $36,939
Investment Income $19
Other Revenue $78,524
TOTAL REVENUE $838,334

Expense Breakdown

Grants Paid $0
Salaries & Benefits $379,008
Fundraising Expenses $52,635
Program Expenses $577,595
Other Expenses $354,505
TOTAL EXPENSES $733,513

Year-over-Year Comparison

2023 2022 Change
Revenue $838,334 $925,806 -0.1%
Expenses $733,513 $803,125 -0.1%
Net Income $104,821 $122,681 -0.1%
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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Governance

Voting Members
18
Independent Members
18
Employees
7
Volunteers
275

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
5
$105,000
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLOS MORALES EXECUTIVE DIRECTOR 40.00
Officer
$105,000 $0 $105,000
BEN HILL PRESIDENT 4.00
Officer Director
$0 $0 $0
PEPE PIPERNO VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
JANICE M LYNCH SECRETARY 4.00
Officer Director
$0 $0 $0
JOHN S MAPES TREASURER 4.00
Officer Director
$0 $0 $0
TIMOTHY HEATWOLE SHENK MEMBER 1.00
Director
$0 $0 $0
MIKE VASSALOTTI MEMBER 1.00
Director
$0 $0 $0
NICK CANGELOSI MEMBER 1.00
Director
$0 $0 $0
STEVE AYSCUE MEMBER 1.00
Director
$0 $0 $0
SANDRA KELLY MEMBER 1.00
Director
$0 $0 $0
GLISELLE DEL VALLE MEMBER 1.00
Director
$0 $0 $0
ANDY KRICUN MEMBER 1.00
Director
$0 $0 $0
TABATHA STEPHENS-SCOTT MEMBER 1.00
Director
$0 $0 $0
ABBY BARKSDALE MEMBER 1.00
Director
$0 $0 $0
JACLYN BARNES MEMBER 1.00
Director
$0 $0 $0
CARLA FERRARA MEMBER 1.00
Director
$0 $0 $0
FR VINCENT GUEST MEMBER 1.00
Director
$0 $0 $0
PORTIA SIMMONS MEMBER 1.00
Director
$0 $0 $0
CANDACE WALKER MEMBER 1.00
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
2024 No data No data No data No data
2023 $838,334 $733,513 $604,036 $104,821
2022 $925,806 $803,125 $553,768 $122,681
2021 $852,879 $649,445 $557,526 $203,434
2020 $510,344 $483,003 $468,355 $27,341
2019 $365,677 $772,040 $368,869 $-406,363
2019 $365,677 $772,040 $368,869 $-406,363
2018 $420,356 $764,926 $670,201 $-344,570
2018 $615,541 $823,789 $909,152 $-208,248
2017 $604,065 $723,771 $1,063,099 $-119,706
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