Columbian Towers Development Co of Hoboken NJ (EIN 222634553) - 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

1984

Legal Domicile

Principal Officer

John JAngelone

Phone

2012221522

Tax Period

2023-01-01 to 2023-12-31

Columbian Towers Development Co of Hoboken NJ, founded in 1984, is a small nonprofit that reported $111K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $461K exceeded revenue, resulting in a 315% operating deficit.

Mission

To Provide contributions to Charitable Organizations (501C3)

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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 $0

Program Service Revenue $0

Investment Income $111,143

Other Revenue $0

TOTAL REVENUE $111,143

Expense Breakdown

Grants Paid $245,400

Salaries & Benefits $133,773

Fundraising Expenses $0

Program Expenses $461,201

Other Expenses $82,028

TOTAL EXPENSES $461,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,143	$100,966	+0.1%
Expenses	$461,201	$443,484	+0.0%
Net Income	$-350,058	$-342,518	+0.0%

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

N/A

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

$575

Total Directors

$575

Key Employees

$134,332

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Roberto Dato	Chariman	5.00	Director	$0	$0	$0
John Angelone	President	10.00	Officer Director	$0	$0	$0
Joseph Vargay	Vice President	1.00	Officer Director	$0	$0	$0
John Barbo	Treasurer	1.00	Director	$0	$0	$0
Phil Cerria	Trustee	1.00	Director	$0	$0	$0
Patrick Buttram	Trustee	1.00	Director	$0	$0	$0
Frank Martinetti	Secretary	1.00	Officer Director	$575	$0	$575
Katherine Dato	Director	35.00	Key Emp	$67,166	$0	$134,332

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	$111,143	$461,201	$4,432,886	$-350,058
2022	$100,966	$443,484	$4,462,316	$-342,518
2021	$205,942	$441,163	$5,134,236	$-235,221
2020	$115,695	$430,663	$5,331,942	$-314,968
2019	$127,407	$424,927	$5,600,679	$-297,520
2018	$124,503	$398,495	$5,891,080	$-273,992

Columbian Towers Development Co of Hoboken NJ