Urban League Affordable Housing and Community Development Corporation

EIN: 223318782 501(c)(3) Housing & Shelter

Jersey City, NJ

Total Revenue
$888,102
Total Expenses
$182,968
Total Assets
$1,220,696
Net Assets
$1,209,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
NJ
Principal Officer
Tamara Parchment
Phone
2014518888
Tax Period
2024-01-01 to 2024-12-31

Urban League Affordable Housing and Community Development Corporation, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $888K in total revenue in fiscal year 2024. The organization ran a surplus of $705K, a strong 79% operating margin.

Mission

To provide low-income housing to counteract housing and community deterioration and to assist the Urban League of Hudson County, Inc. in the implementation of services designed to improve the living standards of constituents within the community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $887,939
Other Revenue $163
TOTAL REVENUE $888,102

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $182,968
Other Expenses $182,968
TOTAL EXPENSES $182,968

Year-over-Year Comparison

2024 2023 Change
Revenue $888,102 $876,324 +0.0%
Expenses $182,968 $127,147 +0.4%
Net Income $705,134 $749,177 -0.1%
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
11
Independent Members
11
Employees
N/A
Volunteers
11

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
6
$401,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Baba Sulemana Fiscal Ofc./CFO 1.00
Officer
$0 $41,139 $208,753
Preston Pinkett III Int. Pres./CEO 1.00
Officer
$0 $15,655 $192,247
Loretta Richardson Board Chair 1.00
Officer Director
$0 $0 $0
Robert Kociolek Vice Chair 1.00
Officer Director
$0 $0 $0
Lisa Fennel Secretary 1.00
Officer Director
$0 $0 $0
Eugene OConnell ESQ Treasurer 1.00
Officer Director
$0 $0 $0
Lance De La Rosa Member 1.00
Director
$0 $0 $0
Joseph McQueen Member 1.00
Director
$0 $0 $0
George Joseph Jr Member 1.00
Director
$0 $0 $0
Patricia Price Member 1.00
Director
$0 $0 $0
Sakeema James Member 1.00
Director
$0 $0 $0
Lilia Diaz Member 1.00
Director
$0 $0 $0
John Ukegbu ESQ Member 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
2024 $888,102 $182,968 $1,220,696 $705,134
2023 $876,324 $127,147 $520,461 $749,177
2022 $93,527 $147,562 $599,876 $-54,035
2021 $86,729 $93,922 $632,386 $-7,193
2020 $89,920 $71,926 $644,973 $17,994
2019 $91,349 $69,954 $612,214 $21,395
2018 $84,483 $145,138 $593,503 $-60,655
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