PATERSON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARBORSIDE APARTMENTS INC C/O ST JOSEPH'S HOSPITAL & MEDICAL CTR, founded in 1995, is a micro nonprofit in the Human Services sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 24% operating deficit.
TO PROVIDE PERMANENT HOUSING TO PSYCHIATRICALLY DISABLED ADULTS.
HARBORSIDE APARTMENTS, INC. CONSTRUCTED A 9-UNIT RESIDENTIAL APARTMENT FACILITY FOR THE PURPOSE OF PROVIDING HOUSING FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES. UNDER SECTION 8 OF THE HOUSING ACT...
HARBORSIDE APARTMENTS, INC. CONSTRUCTED A 9-UNIT RESIDENTIAL APARTMENT FACILITY FOR THE PURPOSE OF PROVIDING HOUSING FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES. UNDER SECTION 8 OF THE HOUSING ACT, HARBORSIDE APARTMENTS, INC. HAS BEEN APPROVED TO RECEIVE SUBSIDY PAYMENTS FROM HUD CONSISTING OF THE DIFFERENCES BETWEEN THE CONTRACT RENT AND THE RENTS PAID BY THE TENANTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $74,918 | $96,673 | -0.2% |
| Expenses | $93,172 | $242,019 | -0.6% |
| Net Income | $-18,254 | $-145,346 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JENNIFER MENDRZYCKI | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $20,324 | $830,162 |
| CHRISTOPHER CAULFIELD | TREASURER | 1.00 |
Officer
Director
|
$0 | $14,170 | $396,752 |
| TINA MILES | TRUSTEE | 1.00 |
Director
|
$0 | $16,195 | $255,280 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $74,918 | $93,172 | $515,606 | $-18,254 |
| 2022 | $96,673 | $242,019 | $488,386 | $-145,346 |
| 2021 | $69,246 | $106,384 | $656,625 | $-37,138 |
| 2020 | $71,209 | $76,044 | $692,219 | $-4,835 |
| 2019 | $70,983 | $78,846 | $702,492 | $-7,863 |
| 2018 | $67,738 | $79,590 | $707,643 | $-11,852 |
Compare HARBORSIDE APARTMENTS INC C/O ST JOSEPH'S HOSPITAL & MEDICAL CTR with other nonprofits in New Jersey and across the country.