THE 1477 CORPORATION OF BERGENFIELD

EIN: 237130141 Community Improvement

BERGENFIELD, NJ

Total Revenue
$247,858
Total Expenses
$201,766
Total Assets
$335,782
Net Assets
$334,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1923
Legal Domicile
NJ
Principal Officer
WILLIAM TURNER
Phone
2013841477
Tax Period
2024-04-01 to 2025-03-31

THE 1477 CORPORATION OF BERGENFIELD, founded in 1923, is a small nonprofit in the Community Improvement sector that reported $248K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $46K, a strong 19% operating margin.

Mission

TO FURTHER BENEVOLENCE OF VETERANS AND THEIR FAMILIES, THE SICK AND DISTRESSED, HANDICAPPED CHILDREN AND OTHER COMMUNITY WELFARE AND CHARITABLE PURPOSES.

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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 $47,140
Program Service Revenue $20,437
Investment Income $3,849
Other Revenue $176,432
TOTAL REVENUE $247,858

Expense Breakdown

Grants Paid $26,582
Salaries & Benefits $9,150
Fundraising Expenses $0
Other Expenses $166,034
TOTAL EXPENSES $201,766

Year-over-Year Comparison

2024 2023 Change
Revenue $247,858 $297,595 -0.2%
Expenses $201,766 $254,078 -0.2%
Net Income $46,092 $43,517 +0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
2
Volunteers
10

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
3
$8,500
Total Directors
15
$8,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA BOLIG Secretary 6.00
Officer Director
$4,500 $0 $4,500
WILLIAM TURNER Treasurer 6.00
Officer Director
$4,000 $0 $4,000
THOMAS BOYCE JR Leading Knight 4.00
Director
$0 $0 $0
WILLIAM SLOSSAR Lect. Knight 4.00
Director
$0 $0 $0
NICOLE DENACI Loyal Knight 4.00
Director
$0 $0 $0
KATARZYNA BUDIMAN Exalted Ruler 4.00
Officer Director
$0 $0 $0
THOMAS DIBUONO JR Trustee 4.00
Director
$0 $0 $0
ROSEANN POLLIO Trustee 4.00
Director
$0 $0 $0
DAVID MAYER Trustee 4.00
Director
$0 $0 $0
KEVIN QUIRKE Trustee 4.00
Director
$0 $0 $0
ALBERT BURTON JR Tiler 4.00
Director
$0 $0 $0
ALBERT BRIGHT Esquire 4.00
Director
$0 $0 $0
TRACY MARTINO Chaplain 4.00
Director
$0 $0 $0
VICTORIA BRIGHT Inner Guard 4.00
Director
$0 $0 $0
CHARLES CLAUSSEN Trustee 4.00
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
2025 $247,858 $201,766 $335,782 $46,092
2024 $297,595 $254,078 $299,972 $43,517
2023 $184,637 $168,104 $256,482 $16,533
2022 $174,037 $148,917 $237,899 $25,120
2021 $100,197 $96,034 $218,515 $4,163
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