NEW JERSEY COMMUNITY DEVELOPMENT CORPORATION

EIN: 223282526 501(c)(3) Community Improvement

PATERSON, NJ

Total Revenue
$14,593,997
Total Expenses
$11,014,368
Total Assets
$46,274,437
Net Assets
$28,891,877
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NJ
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 IS A NON-PROFIT COMMUNITY DEVELOPMENT AND SOCIAL SERVICE AGENCY INCORPORATED IN THE STATE OF NEW JERSEY TO PROVIDE SERVICES IN THE AREAS OF EDUCATION, COMMUNITY DEVELOPMENT, YOUTH DEVELOPMENT, AND AFFORDABLE 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%)

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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
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
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
2
$394,553
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
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
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