BLOOMFIELD SENIOR CITIZENS HOUSING FELICITY TOWERS

EIN: 237269706 501(c)(3) Housing & Shelter

BLOOMFIELD, NJ

Total Revenue
$10,693
Total Expenses
$625,112
Total Assets
$8,154
Net Assets
$8,154
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NJ
Principal Officer
ALAN LAQUAGLIA
Phone
9735309146
Tax Period
2025-01-01 to 2025-12-31

BLOOMFIELD SENIOR CITIZENS HOUSING FELICITY TOWERS, founded in 1968, is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2025. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $625K exceeded revenue, resulting in a 5746% operating deficit.

Mission

THE ORGANIZATION OWNED A 148-UNIT APARTMENT BUILDING THAT WAS SUBSIDIZED BY THE NEW JERSEY HOUSING & MORTGAGE FINANCE AGENCY AND THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE ELDERLY INDIVIDUALS WITH LOW AND MODERATE INCOME HOUSING AT AN AFFORDABLE RATE.THE ORGANIZATION SOLD THE BUILDING IN 2023 AND THE PROCEEDS OF THE SALE ARE BEING USED TO SUPPORT OTHER TAX-EXEMPT 501(C)(3) ORGANIZATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $10,693
Other Revenue $0
TOTAL REVENUE $10,693

Expense Breakdown

Grants Paid $624,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $624,000
Other Expenses $1,112
TOTAL EXPENSES $625,112

Year-over-Year Comparison

2025 2024 Change
Revenue $10,693 $67,096 -0.8%
Expenses $625,112 $1,539,750 -0.6%
Net Income $-614,419 $-1,472,654 -0.6%
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

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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
7
Independent Members
7
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGG BURNETT TRUSTEE 1.00
Director
$0 $0 $0
ALAN LAQUAGLIA PRESIDENT 1.00
Officer Director
$0 $0 $0
DEBBIE AGENS SECRETARY 1.00
Officer Director
$0 $0 $0
FRED MENZIL TRUSTEE 1.00
Director
$0 $0 $0
TOM PELAIA TRUSTEE 1.00
Director
$0 $0 $0
DANNY BITECOLA TRUSTEE 1.00
Director
$0 $0 $0
CELESTE GAGLIARDI TRUSTEE 1.00
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 $10,693 $625,112 $8,154 $-614,419
2024 $67,096 $1,539,750 $622,573 $-1,472,654
2023 $2,439,755 $1,887,550 $2,095,227 $552,205
2022 $2,197,733 $2,013,182 $5,418,766 $184,551
2021 $2,055,806 $1,753,840 $5,442,698 $301,966
2020 $2,097,407 $1,729,217 $5,394,438 $368,190
2019 $2,032,211 $1,698,903 $5,134,801 $333,308
2018 $2,037,712 $1,746,352 $5,067,130 $291,360
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