NEW JERSEY AFFORDABLE HOUSING MANAGEMENT ASSOC INC (EIN 223247694) - 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

1994

Legal Domicile

Phone

8567869590

Tax Period

2025-01-01 to 2025-12-31

NEW JERSEY AFFORDABLE HOUSING MANAGEMENT ASSOC INC, founded in 1994, is a small nonprofit that reported $459K in total revenue in fiscal year 2025. Expenses of $445K left a modest 3% surplus.

Mission

TO PROVIDE A MEDIUM FOR THE EXCHANGE OF INFORMATION AMONG THE OWNERS, MANAGING AGENTS, AND MANAGERS OF GOVERNMENT ASSISTED OR INSURED HOUSING.

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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 $85,248

Program Service Revenue $372,981

Investment Income $576

Other Revenue $0

TOTAL REVENUE $458,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $1,557

Program Expenses $306,384

Other Expenses $444,767

TOTAL EXPENSES $444,767

Year-over-Year Comparison

	2025	2024	Change
Revenue	$458,805	$451,270	+0.0%
Expenses	$444,767	$423,137	+0.1%
Net Income	$14,038	$28,133	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA SPATARO	EXECUTIVE DIRECTOR	0.50	Officer Director	$0	$0	$0
KEVIN KRIER	BOARD MEMBER	0.50	Director	$0	$0	$0
SANDY CIPPOLLONE	BOARD MEMBER	0.50	Director	$0	$0	$0
TONY CUPANO	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTIE JAMES	BOARD MEMBER	0.50	Director	$0	$0	$0
J KENNETH PAGANO	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNA MAY STROYEK	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANCIS THOMAS	BOARD MEMBER	0.50	Director	$0	$0	$0
STEVE FRIEDMAN	PRESIDENT	0.50	Officer	$0	$0	$0
CHRISTOPHER DESTEFANO	1ST VICE PRESIDENT	0.50	Officer	$0	$0	$0
DAVE SCHIRO	2ND VICE PRESIDENT	0.50	Officer	$0	$0	$0
DAN COUGHLIN	SECRETARY	0.50	Officer	$0	$0	$0
SCOTT SCHAFFER	TREASURER	0.50	Officer	$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	$458,805	$444,767	$463,202	$14,038
2024	$451,270	$423,137	$436,774	$28,133
2023	$448,873	$411,231	$429,915	$37,642
2022	$394,613	$367,164	$393,930	$27,449
2021	$403,146	$288,722	$405,861	$114,424
2020	$124,748	$193,423	$264,017	$-68,675
2019	$372,228	$339,348	$332,692	$32,880
2018	$313,559	$350,925	$299,026	$-37,366

NEW JERSEY AFFORDABLE HOUSING MANAGEMENT ASSOC INC