THE RESTORATION CENTER INC

EIN: 223229585 501(c)(3) Housing & Shelter

NEWARK, NJ

Total Revenue
$1,255,372
Total Expenses
$1,195,992
Total Assets
$1,769,258
Net Assets
$1,747,138
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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
1998
Legal Domicile
NJ
Principal Officer
DR T DURR
Tax Period
2023-01-01 to 2023-12-31

THE RESTORATION CENTER INC, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 5% surplus.

Mission

PROVIDES TEMPORARY HOUSING AND SHELTER FOR MEN AND WOMEN OVER 18 YEARS OF AGE AND SINGLE ROOM OCCUPANCY FOR ALL VETERANS.

Program Service Accomplishments

Program 1

PROVIDES TEMPORARY HOUSING AND EMERGENCY SHELTER FOR MEN AND WOMEN OVER 18 YEARS OF AGE AND SINGLE ROOM OCCUPANCY FOR ALL VETERANS.

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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 $951,918
Program Service Revenue $297,875
Investment Income $5,579
Other Revenue $0
TOTAL REVENUE $1,255,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $329,376
Fundraising Expenses $0
Other Expenses $866,616
TOTAL EXPENSES $1,195,992

Year-over-Year Comparison

2023 2022 Change
Revenue $1,255,372 $1,008,330 +0.2%
Expenses $1,195,992 $1,071,791 +0.1%
Net Income $59,380 $-63,461 -1.9%
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

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Governance

Voting Members
7
Independent Members
7
Employees
17
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
2
$90,027
Total Directors
2
$90,027
Key Employees
2
$90,027
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEFAN DURR CHIEF OPERATING OFFICER 040.00
Officer Director Key Emp Highest
$50,250 $0 $50,250
GWEN PARKS EXECUTIVE DIRECTOR 040.00
Officer Director Key Emp
$39,777 $0 $39,777
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 $1,255,372 $1,195,992 $1,769,258 $59,380
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