NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INVEST NEWARK A NEW JERSEY NONPROFIT CORP, founded in 2007, is a mid-sized nonprofit in the Community Improvement sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 146% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.8M, a strong 60% operating margin.
INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVELOPMENT.INVEST NEWARK ALSO IS PROMOTING HOME OWNERSHIP THROUGH ITS LAND BANK AND THE REAL ESTATE PROGRAMS.
SMALL MINORITY BUSINESS DEV/INVESTMENTS & LENDING: INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING...
SMALL MINORITY BUSINESS DEV/INVESTMENTS & LENDING: INVEST NEWARK FACILITATED SMALL BUSINESS LOANS AND EXPANDED AN INITIATIVE TO GIVE SMALL AND MINORITY BUSINESSES MORE ACCESS TO CREDIT, CONTRACTING OPPORTUNITIES AND TECHNICAL ASSISTANCE TO PROMOTE SMALL MINORITY BUSINESS DEVEOPMENT.
REAL ESTATE DEV/LAND BANK: THE AGENCY HELPED BOTH DEVELOPERS AND BUSINESSES ACCESS NEWARK'S VAST DEVELOPMENT OPPORTUNITIES BY ASSISTING WITH A WIDE RANGE OF SERVICES INCLUDING SITE SELECTION...
REAL ESTATE DEV/LAND BANK: THE AGENCY HELPED BOTH DEVELOPERS AND BUSINESSES ACCESS NEWARK'S VAST DEVELOPMENT OPPORTUNITIES BY ASSISTING WITH A WIDE RANGE OF SERVICES INCLUDING SITE SELECTION, PERMITTING, APPROVALS, AND FINANCING. ADDITIONALLY, THE AGENCY MANAGED REAL ESTATE PROJECTS ON BEHALF OF THE CITY SUCH AS THE NEWARK RIVERFRONT PARK PROJECT.IN JULY 2019, THE STATE OF NEW JERSEY PASSED AN ACT (P.L.2019, C.159 (C.40A:12A-74 ET SEQ.) KNOWN AS THE "NEW JERSEY LAND BANK LAW." IN THE MONTH OF APRIL 2020, THE CITY COUNCIL OF THE CITY OF NEWARK PASSED ORDINANCE 18:15:1 ESTABLISHMENT OF LAND BANK. AS A RESULT OF THE PASSAGE OF THESE TWO PIECES OF LEGISLATION, THE CITY OF NEWARK AND INVEST NEWARK ENTERED INTO A LAND BANK AGREEMENT, WHICH DESIGNATED INVEST NEWARK AS THE LAND BANK ENTITY. INVEST NEWARK OPERATES THE NEWARK LAND BANK THAT WILL STRATEGICALLY ACQUIRE, MAINTAIN, AND REPURPOSE VACANT, ABANDONED, AND FORECLOSED PROPERTIES, AND EFFICIENTLY RETURN THEM TO PRODUCTIVE USE IN ORDER TO BOOST HOMEOWNERSHIP; REDUCE BLIGHT; INCREASE MWBE DEVELOPER OR SUBCONTRACTOR CAPACITY; INCREASE PROPERTY VALUES AND IMPROVE THE QUALITY OF LIFE FOR NEWARK RESIDENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $16,457,196 | $6,698,200 | +1.5% |
| Expenses | $6,614,033 | $4,042,566 | +0.6% |
| Net Income | $9,843,163 | $2,655,634 | +2.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BISOLA TAIWO | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| CEDRIC BENNET | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| KEVIN LYONS | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| LAMONICA MCIVER | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| ALLISON LADD | CHAIRPERSON | 1.50 |
Director
|
$0 | $0 | $0 |
| JOE FREISER | CO-CHAIRPERSON | 1.50 |
Director
|
$0 | $0 | $0 |
| RICHARD CAMMARIERI | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| JEANIQUE DRUSES | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| CARLOS GONZALEZ | MEMBER | 1.50 |
Director
|
$0 | $0 | $0 |
| MARCUS RANDOLPH | PRESIDENT & CEO | 40.00 |
Officer
|
$178,500 | $61,179 | $239,679 |
| KEVIN COLLINS | CFO | 40.00 |
Officer
|
$177,120 | $51,509 | $228,629 |
| AARON MEYERSON | CHIEF INNOVATIVE ECONOMY OFFICER | 40.00 |
Officer
|
$168,268 | $30,782 | $199,050 |
| JERERI EDWARDS | SVP OF FINANCE | 40.00 |
Officer
|
$132,840 | $22,500 | $155,340 |
| EMILY MANZ | CHIEF BUSINESS DEVELOPMENT OFFICER | 40.00 |
Officer
|
$124,362 | $13,162 | $137,524 |
| JEET GULATI | GENERAL COUNSEL | 40.00 |
Officer
|
$163,393 | $19,223 | $182,616 |
| ROY SOUTHERLAND | CHIEF INVESTMENT OFFICER,0 | 40.00 |
Officer
|
$179,375 | $28,140 | $207,515 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $16,457,196 | $6,614,033 | $29,952,166 | $9,843,163 |
| 2022 | $6,698,200 | $4,042,566 | $20,248,135 | $2,655,634 |
| 2021 | $11,755,184 | $3,582,343 | $20,429,385 | $8,172,841 |
| 2020 | $4,740,585 | $2,734,600 | $10,801,729 | $2,005,985 |
| 2019 | $3,096,821 | $2,510,322 | $6,162,452 | $586,499 |
Compare INVEST NEWARK A NEW JERSEY NONPROFIT CORP with other nonprofits in New Jersey and across the country.