NEWARK, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GREATER NEWARK HOUSING PARTNERSHIP INC, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $64K in total revenue in fiscal year 2023. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 69% operating margin.
TO DEVELOP, ON A NONPROFIT BASIS, ONE OR MORE HOUSING PROJECTS FOR PERSONS OF LOW AND MODERATE INCOME WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS, WHICH PROJECT IS TO BE FUNDED BY GOVERNMENT AIDED OR OTHER PERMANENT FINANCING AS PROVIDED FOR IN RELEVANT STATE AND FEDERAL STATUTES. THE CORPORATION IS EMPOWERED TO DO AND PERFORM ALL ACTS REASONABLY NECESSARY TO ACCOMPLISH THE PURPOSES OF THE CORPORATION. IN CONNECTION WITH THESE ACTIVITIES, THE CORPORATION SEEKS TO LESSON THE BURDEN OF PROVIDING HOUSES AND OTHER HOUSING-RELATED ISSUES OF BOTH GREATER NEWARK AND THE STATE OF NEW JERSEY, BY SEEKING PUBLIC PRIVATE COOPERATION IN CONNECTION WITH THE DEVELOPMENT OF AFFORDABLE HOUSING.
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 | $63,655 | $33,500 | +0.9% |
| Expenses | $19,703 | $21,357 | -0.1% |
| Net Income | $43,952 | $12,143 | +2.6% |
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 |
|---|---|---|---|---|---|---|
| JAMIE SMARR | PRESIDENT & CEO | 1.00 |
Officer
Director
|
$0 | $40,688 | $381,842 |
| THERESA OMANSKY | SECRETARY THRU 9/30/23 | 1.00 |
Officer
Director
|
$0 | $30,706 | $241,728 |
| JOHN ABRAMO VICE PRESIDENT | REAL ESTATE DEVELOPMENT | 1.00 |
Officer
Director
|
$0 | $44,387 | $209,173 |
| ADAM GOLD | TREASURER | 1.00 |
Officer
Director
|
$0 | $30,748 | $204,494 |
| NADJA ALVARADO | DIRECTOR | 1.00 |
Director
|
$0 | $36,304 | $122,810 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $63,655 | $19,703 | $1,952,269 | $43,952 |
| 2022 | $33,500 | $21,357 | $1,923,417 | $12,143 |
| 2021 | $28,360 | $21,171 | $1,902,894 | $7,189 |
| 2020 | $18,500 | $18,152 | $1,899,065 | $348 |
| 2019 | $68,500 | $34,702 | $1,968,567 | $33,798 |
| 2018 | $39,327 | $31,292 | $2,034,019 | $8,035 |
Compare GREATER NEWARK HOUSING PARTNERSHIP INC with other nonprofits in New Jersey and across the country.