CENTRAL JERSEY HOUSING RESOURCE CE… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

HARRIS FAQUERI

Phone

9084460039

Tax Period

2025-01-01 to 2025-12-31

CENTRAL JERSEY HOUSING RESOURCE CENTER, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $778K in total revenue in fiscal year 2025. Expenses of $720K left a modest 7% surplus.

Mission

THE CENTRAL JERSEY HOUSING RESOURCE CENTER (CJHRC), FORMERLY KNOWN AS SOMERSET COUNTY COUNCIL ON AFFORDABLE HOUSING (SCCOAH), IS A NON-PROFIT ALLIANCE OF REPRESENTATIVES FROM CORPORATE AND FINANCIAL INSTITUTIONS, THE REAL ESTATE AND DEVELOPMENT COMMUNITIES, SOCIAL SERVICE PROVIDERS, GOVERNMENT LEADERS AND HOUSING ADVOCATES, WORKING LOCALLY TO RESOLVE ISSUES FACING HOUSEHOLDS WHO ARE STRUGGLING TO FIND HOUSING THAT MEETS THEIR NEEDS AND MEANS.

Program Service Accomplishments

Program 1

Expenses: $263,278 Revenue: $312,628

ACTS AS ADMINISTRATIVE AGENT FOR UNITS IN 4 NEW JERSEY MUNICIPALITIES EQUATING TO BEING RESPONSIBLE FOR ADMINISTERING THE MANDATED AFFORDABILITY CONTROLS OF APPROXIMATELY 828 UNITS OF AFFORDABLE...

ACTS AS ADMINISTRATIVE AGENT FOR UNITS IN 4 NEW JERSEY MUNICIPALITIES EQUATING TO BEING RESPONSIBLE FOR ADMINISTERING THE MANDATED AFFORDABILITY CONTROLS OF APPROXIMATELY 828 UNITS OF AFFORDABLE HOUSING (RESTRICTED UNITS). RESTRICTED UNITS ARE LIMITED TO VERY LOW, LOW- AND MODERATE-INCOME HOUSEHOLDS (THOSE EARNING LESS THAN 80% OF MEDIAN INCOME).

Program 2

Expenses: $380,409 Revenue: $10,791

THE CENTRAL JERSEY HOUSING RESOURCE CENTER (CJHRC) IS A HUD-CERTIFIED, FULL SERVICE COUNSELING AGENCY PROVIDING PRE-PURCHASE, POST-PURCHASE, RENTAL, HOMELESS AND DELINQUENCY/FORECLOSURE COUNSELING...

THE CENTRAL JERSEY HOUSING RESOURCE CENTER (CJHRC) IS A HUD-CERTIFIED, FULL SERVICE COUNSELING AGENCY PROVIDING PRE-PURCHASE, POST-PURCHASE, RENTAL, HOMELESS AND DELINQUENCY/FORECLOSURE COUNSELING. THE AGENCY AND ITS STAFF ARE KNOWN AS LEADERS IN PROVIDING HOUSING INFORMATION, COUNSELING AND REFERRAL SERVICES TO MEET THE NEEDS OF VERY LOW-, LOW- AND MODERATE-INCOME PEOPLE HOPING TO ATTAIN AFFORDABLE HOUSING OR TO OVERCOME THEIR HOUSING OBSTACLES. THEY PROVIDE OUTREACH PROGRAMS AND SERVICES THAT RESULT IN ASSISTING APPROXIMATELY 1,611 CLIENTS A YEAR.

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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 (2025)

Revenue Breakdown

Contributions & Grants $431,332

Program Service Revenue $317,964

Investment Income $8,391

Other Revenue $20,695

TOTAL REVENUE $778,382

Expense Breakdown

Grants Paid $0

Salaries & Benefits $611,805

Fundraising Expenses $0

Program Expenses $643,687

Other Expenses $108,551

TOTAL EXPENSES $720,356

Year-over-Year Comparison

	2025	2024	Change
Revenue	$778,382	$754,099	+0.0%
Expenses	$720,356	$736,889	0.0%
Net Income	$58,026	$17,210	+2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER R LATERRA	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENNETH A MYERS	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARCIA ZALEWSKI	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HARRIS FAQUERI	TREASURER	2.00	Officer Director	$0	$0	$0
AUDREY JANKUCIC	SECRETARY	2.00	Officer Director	$0	$0	$0
BETTE CHAVES	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL DAVIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOANNE FETZKO	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER FISHER	BOARD MEMBER	1.00	Director	$0	$0	$0
GERALDINE GILES	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY GOTTSEGEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ED ISRAELOW	BOARD MEMBER	1.00	Director	$0	$0	$0
NINA JORDAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN W MOONEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ANDY NOWACK	BOARD MEMBER	1.00	Director	$0	$0	$0
SHANEL Y ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES VASSANELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
RAY ZAMAN	BOARD 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
2025	$778,382	$720,356	$617,288	$58,026
2024	$754,099	$736,889	$610,260	$17,210
2023	$740,083	$707,421	$616,288	$32,662
2022	$750,486	$748,312	$653,158	$2,174
2021	$629,361	$620,211	$584,565	$9,150
2020	$652,052	$593,189	$510,395	$58,863
2019	$583,728	$578,490	$451,573	$5,238
2018	$576,474	$564,515	$454,498	$11,959

CENTRAL JERSEY HOUSING RESOURCE CENTER