NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC

EIN: 237439373 501(c)(3)

NEW YORK, NY

Total Revenue
$2,210,975
Total Expenses
$2,028,886
Total Assets
$3,897,772
Net Assets
$3,181,517
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
NY
Principal Officer
TERRENCE CLARK
Phone
2125025663
Tax Period
2024-01-01 to 2024-12-31

NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC, founded in 1973, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $2.0M left a modest 8% surplus.

Mission

THE ORGANIZATION PROVIDES A WIDE RANGE OF SERVICES INCLUDING A COMPREHENSIVE DIRECTORY OF CERTIFIED QUALITY SUPPLIERS. A BI-MONTHLY NEWSLETTER, EDUCATIONAL SEMINARS, BUSINESS CARDS EXCHANGE AND PRIORITY ACCESS TO MARKETING BUSINESS EXPO AND OTHER SERVICES TO ALL CORPORATE MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $202,612

MEMBERSHIP SERVICES

Program 2
Expenses: $269,671 Revenue: $944,349

CERTIFICATION SERVICES

Program 3
Expenses: $101,113

NETWORKING SERVICES

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,361,452
Program Service Revenue $944,349
Investment Income $14,642
Other Revenue $-109,468
TOTAL REVENUE $2,210,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $845,026
Fundraising Expenses $572,667
Program Expenses $650,639
Other Expenses $1,183,860
TOTAL EXPENSES $2,028,886

Year-over-Year Comparison

2024 2023 Change
Revenue $2,210,975 $2,859,326 -0.2%
Expenses $2,028,886 $2,116,417 0.0%
Net Income $182,089 $742,909 -0.8%
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

Sign In

Governance

Voting Members
20
Independent Members
19
Employees
6
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
4
$208,026
Total Directors
20
$208,026
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONDU VINCENT CHAIRPERSON 2.00
Officer Director
$0 $0 $0
TERRENCE CLARK PRESIDENT CEO 40.00
Officer Director
$208,026 $0 $208,026
MELANIE GUNN-NIEVES VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
DARRIEN PINKMAN TREASURER 2.00
Officer Director
$0 $0 $0
SHERI SHAFIR SECRETARY 2.00
Director
$0 $0 $0
CHERYL MCCANTS MBEIC CHAIR 2.00
Director
$0 $0 $0
SHENDORA PRIDGEN MEMBER 2.00
Director
$0 $0 $0
TRUNG TIEU MEMBER 2.00
Director
$0 $0 $0
LAURINDA THOMAS MEMBER 2.00
Director
$0 $0 $0
JEANINE PEDOTO MEMBER 2.00
Director
$0 $0 $0
MARISOL RAMIREZ MEMBER 2.00
Director
$0 $0 $0
WESLEY W JOSEPH MEMBER 2.00
Director
$0 $0 $0
GREG MICHEL MEMBER 2.00
Director
$0 $0 $0
DAWN WELLS MEMBER 2.00
Director
$0 $0 $0
CARL TIETJEN MEMBER 2.00
Director
$0 $0 $0
FUQUAN COLLINS MEMBER 2.00
Director
$0 $0 $0
MARK PRINCE MEMBER 2.00
Director
$0 $0 $0
PUNITA PATEL MEMBER 2.00
Director
$0 $0 $0
DANIEL S PARK MEMBER 2.00
Director
$0 $0 $0
JESSICA JOHNSON-COPE 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 $2,210,975 $2,028,886 $3,897,772 $182,089
2023 $2,859,326 $2,116,417 $3,929,527 $742,909
2022 $1,961,473 $1,561,186 $3,338,430 $400,287
2021 $2,414,706 $1,483,596 $2,004,201 $931,110
2020 $1,447,405 $1,342,758 $1,168,604 $104,647
2019 $1,752,015 $1,635,195 $897,307 $116,820
2018 $1,823,735 $1,687,134 $970,439 $136,601
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW YORK & NEW JERSEY MINORITY SUPPLIER DEVELOPMENT COUNCIL INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.