THE CHURCH STREET CORPORATION

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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

1978

Legal Domicile

Principal Officer

ROBERT GRAHAM

Phone

7327876161

Tax Period

2024-03-01 to 2025-02-28

THE CHURCH STREET CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Net assets of $4.1M represent 25 months of operating reserves.

Mission

TO PROVIDE HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS ANDFAMILIES THROUGH THE LEASING OF 109 APARTMENTS IN KEANSBURG, NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $1,075,385 Revenue: $413,617

TO PROVIDE HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS AND FAMILIES THROUGH THE LEASING OF 109 APARTMENTS IN KEANSBURG, NEW JERSEY.

Program 2

Expenses: $358,461 Revenue: $222,717

SUPPORTING COSTS ASSOCIATED WITH PROVIDING HOUSING FOR LOW INCOME ELDERLY AND DISABLED INDIVIDUALS AND FAMILIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,326,999

Program Service Revenue $636,334

Investment Income $1,293

Other Revenue $17,441

TOTAL REVENUE $1,982,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $546,266

Fundraising Expenses $0

Program Expenses $1,433,846

Other Expenses $1,382,025

TOTAL EXPENSES $1,928,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,982,067	$1,952,456	+0.0%
Expenses	$1,928,291	$2,092,697	-0.1%
Net Income	$53,776	$-140,241	-1.4%

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

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

$130,053

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON CONLEY	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS CUSICK	CHAIRMAN	1.00	Director	$0	$0	$0
JOSEPH DOHERTY	TRUSTEE	1.00	Director	$0	$0	$0
JUDY FERRARO	VICE CHAIR	1.00	Director	$0	$0	$0
PATRICK ACCONZO	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD KOLBER	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL DONALDSON	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GRAHAM	PRESIDENT	30.00	Officer	$16,375	$0	$16,375
DONNA SCANDARIATO	VICE PRESIDENT	30.00	Officer	$113,678	$0	$113,678

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	$1,982,067	$1,928,291	$5,744,386	$53,776
2024	$1,952,456	$2,092,697	$5,146,107	$-140,241
2023	$1,768,981	$1,966,170	$4,413,769	$-197,189
2022	$1,873,808	$1,834,214	$4,559,491	$39,594
2021	$1,783,340	$1,720,426	$4,655,667	$62,914
2019	$1,775,507	$1,818,224	$4,595,873	$-42,717
2018	$1,852,335	$1,758,365	$4,673,025	$93,970