BAYONNE COMMUNITY ACTION PROJECT I… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

BYRON MCKINNIE

Phone

2012328627

Tax Period

2023-01-01 to 2023-12-31

BAYONNE COMMUNITY ACTION PROJECT INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $202K in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $359K exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING UNITS TO LOW AND MODERATE INCOME FAMILIES IN THE CITY OF BAYONNE,NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $299,277 Revenue: $201,887

RENTAL OF 18 RESIDENTIAL UNITS TO LOW INCOME AND MODERATE INCOME FAMILIES IN THE CITY OF BAYONNE, NEW JERSEY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $201,887

Investment Income $0

Other Revenue $0

TOTAL REVENUE $201,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $299,277

Other Expenses $359,023

TOTAL EXPENSES $359,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,887	$245,872	-0.2%
Expenses	$359,023	$313,399	+0.1%
Net Income	$-157,136	$-67,527	+1.3%

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

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
LISA DUDLEY	SECRETARY	2.00	Director	$0	$0	$0
LOUIS HERNANDEZ	TREASURER	2.00	Director	$0	$0	$0
NICOLE COPPEDGE	MEMBER	2.00	Director	$0	$0	$0
BYRON MCKINNIE	CHAIRMAN	4.00	Director	$0	$0	$0
BRIAN CHRISTIE	MEMBER	2.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$201,887	$359,023	$2,994,688	$-157,136
2022	$245,872	$313,399	$3,073,871	$-67,527
2021	$235,203	$362,308	$3,076,202	$-127,105
2020	$225,576	$309,813	$3,121,835	$-84,237
2019	$186,912	$299,891	$3,128,697	$-112,979
2018	$226,952	$325,130	$3,241,865	$-98,178

BAYONNE COMMUNITY ACTION PROJECT INC