DOWNTOWN PATERSON SPECIAL IMPROVEMENT DISTRICT (EIN 223546152) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

ORLANDO CRUZ

Phone

9738817302

Tax Period

2024-01-01 to 2024-12-31

Mission

THE DOWNTOWN PATERSON SPECIAL IMPROVEMENT DISTRICT, INC. (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 DOWNTOWN 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 SID WORKS IN PARTNERSHIP WITH BUSINESS AND GOVERNMENT TO DEVELOP AND IMPLEMENT PROGRAMS THAT WILL STRENGTHEN THE PHYSICAL AND ECONOMIC VITALITY OF THE DOWNTOWN SECTION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,546

Other Expenses $2,546

TOTAL EXPENSES $2,546

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$293,389	-1.0%
Expenses	$2,546	$304,829	-1.0%
Net Income	N/A	$-11,440	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES FLORIO	DIRECTOR	5.00	Director	$0	$0	$0
JASON CHEN	DIRECTOR	5.00	Director	$0	$0	$0
IRWIN BAILEY	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW EVANS	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN REYES	DIRECTOR	5.00	Director	$0	$0	$0
ORLANDO CRUZ	EXECUTIVE DIRECTOR	35.00	Officer	$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	No data	$2,546	$32,273	No data
2023	$293,389	$304,829	$34,819	$-11,440
2022	$148,586	$273,729	$46,259	$-125,143
2021	$551,531	$433,810	$171,401	$117,721
2020	$148,345	$193,346	$53,680	$-45,001
2019	$271,150	$283,419	$98,681	$-12,269
2018	$187,590	$167,531	$110,950	$20,059

DOWNTOWN PATERSON SPECIAL IMPROVEMENT DISTRICT