THE BUNKER HILL INDUSTRIAL PARK SID

EIN: 223376220 501(c)(3) Community Improvement

PATERSON, NJ

Total Revenue
$236,220
Total Expenses
$85,778
Total Assets
$412,650
Net Assets
$412,650
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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
1996
Legal Domicile
NJ
Principal Officer
MICHAEL O'BRIEN
Phone
9733336313
Tax Period
2024-01-01 to 2024-12-31

THE BUNKER HILL INDUSTRIAL PARK SID, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $236K in total revenue in fiscal year 2024. Revenue surged 106% from the prior year, signaling strong growth momentum. The organization ran a surplus of $150K, a strong 64% operating margin.

Mission

THE BUNKERHILL INDUSTRIAL PARK SPECIAL IMPROVEMENT DISTRICT MANAGEMENT CORPORATION (SID) IS A NONPROFIT CORPORATION ESTABLISHED UNDER THE PROVISIONS OF NEW JERSEY STATE STATUTE N.J.S.A. 40:56-65. THE SID WAS FORMED TO ENHANCE THE QUALITY OF LIFE IN THE BUNKER HILL SECTION OF THE CITY OF PATERSON, NEW JERSEY BY PROVIDING THE RESIDENTS WITH A SAFE, CLEAN AND ENJOYABLE ENVIRONMENT IN WHICH TO LIVE AND WORK. THE SIDE WORKS IN PARTNERSHIP WITH BUSINESS AND GOVERNMENT TO DEVELOP AND IMPLEMENT PROGRAMS THAT WILL STRENGTHEN THE PHYSICAL AND ECONOMIC VITALITY OF THE BUNKER HILL SECTION.

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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 $228,017
Investment Income $8,203
Other Revenue $0
TOTAL REVENUE $236,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $79,213
Other Expenses $85,778
TOTAL EXPENSES $85,778

Year-over-Year Comparison

2024 2023 Change
Revenue $236,220 $114,552 +1.1%
Expenses $85,778 $88,108 0.0%
Net Income $150,442 $26,444 +4.7%
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
9
Independent Members
9
Employees
N/A
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL O'BRIEN CHAIRMAN 5.00
Officer Director
$0 $0 $0
DAVID HERTZ VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
JASON BRUNO TREASURER 5.00
Officer Director
$0 $0 $0
DENNIS CALLEN SECRETARY 5.00
Officer Director
$0 $0 $0
JEFFREY HERSH TRUSTEE 5.00
Director
$0 $0 $0
JOHN KRUSE TRUSTEE 5.00
Director
$0 $0 $0
DINO TSAPATSARIS TRUSTEE 5.00
Director
$0 $0 $0
JOHN FRESSIE TRUSTEE 5.00
Director
$0 $0 $0
BERNIE CALLEN TRUSTEE 5.00
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 $236,220 $85,778 $412,650 $150,442
2023 $114,552 $88,108 $262,208 $26,444
2022 $84,316 $94,531 $235,764 $-10,215
2021 $150,408 $89,509 $245,979 $60,899
2020 $232,027 $166,344 $185,080 $65,683
2019 $79,399 $179,363 $119,397 $-99,964
2018 $183,005 $173,375 $219,361 $9,630
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