NEW JERSEY COMMUNITY DEVELOPMENT C… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

ROBERT GUARASCI

Phone

9734131600

Tax Period

2022-07-01 to 2023-06-30

NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION, founded in 1994, is a mid-sized nonprofit in the Community Improvement sector that reported $14.6M in total revenue in fiscal year 2022. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 25% operating margin.

Mission

NJCDC SERVES 4,000 CHILDREN AND FAMILIES EACH DAY THROUGH A VARIETY OF COMMUNITY DEVELOPMENT, YOUTH DEVELOPMENT AND EDUCATIONAL SERVICES LARGELY WITHIN PARTERSON'S GREAT FALLS NEIGHBORHOOD.

Program Service Accomplishments

Program 1

Expenses: $3,535,766 Revenue: $3,599,091

SUPPORTIVE HOUSING NJCDC BUILDS AND OPERATES RESIDENTIAL PROGRAMS FOR ADULTS WITH DEVELOPMENTAL DISABILITIES, HOMELESS YOUTH, YOUTH AGING-OUT OF FOSTER CARE, AND PEOPLE WHO ARE HOMELESS WITH A MENTAL ILLNESS. IN PROVIDING SUPPORTIVE HOUSING, OUR GOAL IS TO OFFER HIGH-QUALITY HOUSING. AT THE SAME TIME WE OFFER A RANGE OF SERVICES DESIGNED TO HELP OUR RESIDENTS OVERCOME OBSTACLES AND LIVE RICH AND FULFILLING LIVES IN THE COMMUNITY.

Program 2

Expenses: $3,434,744

YOUTH DEVELOPMENT PROGRAMSNJCDC OPERATES A NUMBER OF YOUTH DEVELOPMENT PROGRAMS DESIGNED TO PROVIDE YOUNG PEOPLE WITH A VARIETY OF SERVICES TO OVERCOME OBSTACLES AND REACH THEIR FULL POTENTIAL. THIS INCLUDES FOUR SCHOOL-BASED TEEN CENTERS, INITIATIVES TO TURN SCHOOLS INTO NEIGHBORHOOD CENTERS, AND AN AMERICORPS INITIATIVE THAT RECRUITS INDIVIDUALS TO COMMIT A YEAR OF SERVICE TO INNER-CITY STUDENTS.

Program 3

Expenses: $2,323,503

EDUCATIONAL SERVICES NJCDC PROVIDES EDUCATIONAL SERVICES TO MORE THAN ONE THOUSAND YOUNG PEOPLE EACH DAY THROUGH THE OPERATION OF A PRESCHOOL, BY FOUNDING AND SUPPORTING THE COMMUNITY CHARTER SCHOOL OF PATERSON, BY PARTNERING WITH THE PATERSON SCHOOL DISTRICT TO OPERATE THE GARRETT MORGAN ACADEMY HIGH SCHOOL, BY OPERATING INITIATIVES TO PROMOTE COLLEGE READINESS, AND ENGAGING IN PARTNERSHIPS TO TEACH VOCATIONAL SKILLS. IN PROVIDING EDUCATIONAL SERVICES, OUR OBJECTIVE IS TO PROMOTE STUDENT ACHIEVEMENT AT THE SAME TIME WE OFFER SERVICES TO PROMOTE INDIVIDUAL AND FAMILY WELL-BEING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $10,883,320

Program Service Revenue $3,599,091

Investment Income $136,506

Other Revenue $-24,920

TOTAL REVENUE $14,593,997

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,691,958

Fundraising Expenses $173,319

Program Expenses $10,102,188

Other Expenses $4,322,410

TOTAL EXPENSES $11,014,368

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,593,997	$10,554,673	+0.4%
Expenses	$11,014,368	$9,699,528	+0.1%
Net Income	$3,579,629	$855,145	+3.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

188

Volunteers

500

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

$394,553

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD F BUCKLEY	CHAIR	1.00	Director	$0	$0	$0
ANTHONY COSCIA	VICE CHAIR	1.00	Director	$0	$0	$0
DAVID BERNINGER	TREASURER	1.00	Director	$0	$0	$0
CARLINE MORRISON	SECRETARY	1.00	Director	$0	$0	$0
NITA DAS	TRUSTEE	1.00	Director	$0	$0	$0
ETTA RUDOLF DENK	TRUSTEE	1.00	Director	$0	$0	$0
KENYATTA STEWART	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT S GARRISON	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM PASCRELL III	TRUSTEE	1.00	Director	$0	$0	$0
ERIC DALEO	TRUSTEE	1.00	Director	$0	$0	$0
MARTIN VERGARA II	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR HERLINSKY JR	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GUARASCI	PRESIDENT & CEO	60.00	Officer	$207,000	$11,741	$218,741
KATHIE MENDEZ	CFO	50.00	Officer	$149,823	$25,989	$175,812
MICHAEL DEBLASIO	VP	50.00	Highest	$129,470	$0	$129,470

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$14,593,997	$11,014,368	$46,274,437	$3,579,629
2022	$10,554,673	$9,699,528	$39,695,881	$855,145
2021	$12,337,768	$9,391,889	$38,005,348	$2,945,879
2020	$10,059,344	$9,841,860	$34,426,144	$217,484
2019	$11,088,955	$10,377,217	$31,934,738	$711,738
2018	$10,897,443	$10,959,061	$31,460,722	$-61,618

NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION