MORRIS CANAL REDEVELOPMENT AREA CDC

EIN: 223747538 501(c)(3)

JERSEY CITY, NJ

Total Revenue
$98,594
Total Expenses
$241,495
Total Assets
$2,167,003
Net Assets
$-158,385
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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
1999
Legal Domicile
NJ
Principal Officer
JUNE JONES
Phone
2019159600
Tax Period
2019-01-01 to 2019-12-31

MORRIS CANAL REDEVELOPMENT AREA CDC, founded in 1999, is a micro nonprofit that reported $99K in total revenue in fiscal year 2019. Expenses of $241K exceeded revenue, resulting in a 145% operating deficit.

Mission

The Organization successfully completed the construction of eight 8 afforable rental units, received Certificate of Occupancy, and had all units rented as of December 31, 2013.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,337
Investment Income $0
Other Revenue $11,257
TOTAL REVENUE $98,594

Expense Breakdown

Grants Paid $550
Salaries & Benefits $79,960
Fundraising Expenses $0
Program Expenses $181,259
Other Expenses $160,985
TOTAL EXPENSES $241,495

Year-over-Year Comparison

2019 2018 Change
Revenue $98,594 $95,517 +0.0%
Expenses $241,495 $295,564 -0.2%
Net Income $-142,901 $-200,047 -0.3%
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

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Governance

Voting Members
5
Independent Members
4
Employees
3
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
1
$0
Total Directors
0
$0
Key Employees
1
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUNE JONES EXECUTIVE DIRECTOR 040.00
Officer Key Emp Highest
$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
2019 $98,594 $241,495 $2,167,003 $-142,901
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