THE CHURCH STREET CORPORATION

EIN: 223321730 501(c)(3) Housing & Shelter

KEANSBURG, NJ

Total Revenue
$1,982,067
Total Expenses
$1,928,291
Total Assets
$5,744,386
Net Assets
$4,086,535
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NJ
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 109 APARTMENTS OF HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS AND FAMILIES OF LOW INCOME LOCATED IN KEANSBURG, NEW JERSEY. THE ORGANIZATION LEASED THE HOUSING UNITS TO THE HOUSING AUTHORITY OF THE BOROUGH OF KEANSBURG, WHICH SUBLEASES THE APARTMENTS TO ELDERLY AND HANDICAPPED INDIVIDUALS AND FAMILIES ELIGIBLE FOR ASSISTANCE UNDER SECTION 8 OF THE UNITED STATES HOUSING ACT OF 1937.

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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 $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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
7
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
2
$130,053
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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