ST PAULS COMMUNITY DEVELOPMENT CORP (EIN 223075855) - 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

1990

Legal Domicile

Principal Officer

RICHARD C WILLIAMS

Phone

9737103900

Tax Period

2023-01-01 to 2023-12-31

ST PAULS COMMUNITY DEVELOPMENT CORP, founded in 1990, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO ALLEVIATE THE CONDITIONS OF HUNGER, POVERTY, ILLITERACY AND UNEMPLOYMENT IN THE CITY OF PATERSON by providing emergency services to those in need and by designing long-term approaches to achieving social and economic improvement at the grassroots level.

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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 $1,284,849

Program Service Revenue $76,278

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,361,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $885,341

Fundraising Expenses $72,269

Program Expenses $1,293,754

Other Expenses $786,247

TOTAL EXPENSES $1,671,588

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,361,127	$1,265,597	+0.1%
Expenses	$1,671,588	$1,406,502	+0.2%
Net Income	$-310,461	$-140,905	+1.2%

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

250

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

$80,369

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD C WILLIAMS	Executive Dir.	35.00	Director	$80,369	$0	$80,369
JUNE R GRAY	Treasurer	2.00	Officer Director	$0	$0	$0
RAISA LEWIS	Vice President	2.00	Officer Director	$0	$0	$0
VENESSA DOBNEY	Director	1.00	Director	$0	$0	$0
DHANA R MIELE	Director	1.00	Director	$0	$0	$0
ANDREW ALT	President	2.00	Officer Director	$0	$0	$0
MATTHEW E MCGOEY ESQ	Secretary	2.00	Officer Director	$0	$0	$0
CHERYL D COY	Director	1.00	Director	$0	$0	$0
DEAN BLACKMAN	Director	1.00	Director	$0	$0	$0
JEREMY L SABELLA	Director	1.00	Director	$0	$0	$0
SHAMIR GONZALEZ	Director	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
2023	$1,361,127	$1,671,588	$622,941	$-310,461
2022	$1,265,597	$1,406,502	$766,463	$-140,905
2021	$1,498,223	$1,461,501	$744,430	$36,722
2020	$1,967,972	$1,712,680	$881,326	$255,292
2019	$1,883,702	$1,972,419	$856,572	$-88,717
2018	$1,844,364	$1,841,365	$808,285	$2,999

ST PAULS COMMUNITY DEVELOPMENT CORP