HOUSING AND COMMUNITY DEVELOPMENT NETWORK OF NEW JERSEY INC

EIN: 222982197 501(c)(3) Housing & Shelter

TRENTON, NJ

Total Revenue
$3,287,830
Total Expenses
$2,682,408
Total Assets
$6,269,876
Net Assets
$4,779,943
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NJ
Principal Officer
STACI BERGER
Phone
6093933752
Tax Period
2024-01-01 to 2024-12-31

HOUSING AND COMMUNITY DEVELOPMENT NETWORK OF NEW JERSEY INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $605K, a strong 18% operating margin.

Mission

TO ENHANCE THE ABILITY OF NONPROFIT HOUSING CORPORATIONS TO CREATE AND PRESERVE LONG-TERM AFFORDABLE HOUSING IN NEW JERSEY BY PROVIDING NETWORKING AND SUPPORT SERVICES, CAPACITY-BUILDING RESOURCES, DEVELOPMENT ASSISTANCE, AND EDUCATION AND PUBLIC POLICY ADVOCACY.

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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 $3,158,984
Program Service Revenue $114,900
Investment Income $2,404
Other Revenue $11,542
TOTAL REVENUE $3,287,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,495,228
Fundraising Expenses $94,796
Program Expenses $2,202,135
Other Expenses $1,187,180
TOTAL EXPENSES $2,682,408

Year-over-Year Comparison

2024 2023 Change
Revenue $3,287,830 $3,943,413 -0.2%
Expenses $2,682,408 $5,396,341 -0.5%
Net Income $605,422 $-1,452,928 -1.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
17
Independent Members
17
Employees
18
Volunteers
20

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
6
$475,744
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STACI BERGER PRESIDENT AND CEO 40.00
Officer
$154,251 $31,753 $186,004
SHARON BARKER VICE PRESIDENT OF FUND DEVELOPMENT 40.00
Officer
$147,767 $23,967 $171,734
LINOCHKA RAINIERO VICE PRESIDENT OF COMMUNICATION AND MEMBER ENGAGE 40.00
Officer
$99,598 $18,408 $118,006
EDWARD BETHEA CHARIPERSON 1.00
Officer Director
$0 $0 $0
PILAR HOGAN CLOSKEY VICE CHAIR 1.00
Officer Director
$0 $0 $0
DANIEL ANTONELLIS TREASURER 1.00
Officer Director
$0 $0 $0
SUSANNE BYRNE BOARD MEMBER 0.50
Director
$0 $0 $0
BARBARA GEORGE JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
CIERRA HART BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN KELLER BOARD MEMBER 0.50
Director
$0 $0 $0
TAIISA KELLY BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT MILLARD BOARD MEMBER 0.50
Director
$0 $0 $0
RANDI MOORE BOARD MEMBER 0.50
Director
$0 $0 $0
BRIDGET PHIFER BOARD MEMBER 0.50
Director
$0 $0 $0
ALLE RIES BOARD MEMBER 0.50
Director
$0 $0 $0
LAURA RODGERS BOARD MEMBER 0.50
Director
$0 $0 $0
WANDA SAEZ BOARD MEMBER 0.50
Director
$0 $0 $0
JAYMIE SANTIAGO BOARD MEMBER 0.50
Director
$0 $0 $0
ANTHONY SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
MARK VALLI BOARD MEMBER 0.50
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 $3,287,830 $2,682,408 $6,269,876 $605,422
2023 $4,872,673 $5,540,375 $5,428,504 $-667,702
2023 $3,943,413 $5,396,341 $5,428,504 $-1,452,928
2022 $2,664,936 $3,426,502 $5,000,275 $-761,566
2021 $4,706,839 $2,564,181 $5,459,370 $2,142,658
2020 $2,450,759 $1,724,999 $3,226,932 $725,760
2019 $2,034,823 $1,684,112 $2,479,498 $350,711
2018 $1,772,426 $1,684,828 $2,135,910 $87,598
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