CARTERET HOUSING AND DEVELOPMENT CORPORA (EIN 262942531) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

ERIC FM CHUBENKO

Phone

7325413835

Tax Period

2023-01-01 to 2023-12-31

CARTERET HOUSING AND DEVELOPMENT CORPORA, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $100K in total revenue in fiscal year 2023. The organization ran a surplus of $49K, a strong 49% operating margin.

Mission

TO ASSIST THE BOROUGH OF CARTERET, CARTERET HOUSING AUTHORITY, AND THE STATE OF NEW JERSEY IN PROVIDING FOR THE DEVELOPMENT AND REDEVELOPMENT OF CERTAIN AREAS LOCATED WITHIN THE BOROUGH AND TO PROVIDE HOUSING FOR SENIORS AND VETERANS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $99,505

Investment Income $445

Other Revenue $0

TOTAL REVENUE $99,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,501

Other Expenses $51,152

TOTAL EXPENSES $51,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,950	N/A	N/A
Expenses	$51,152	$10,888	+3.7%
Net Income	$48,798	$-10,888	-5.5%

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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HON MAYOR DANIEL REIMAN	TRUSTEE- DIRECTOR	2.00	Director	$0	$0	$0
GEORGE LISICKI	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN SHAW	TRUSTEE	1.00	Director	$0	$0	$0
IRIS COLON	TRUSTEE	1.00	Director	$0	$0	$0
RONALD RIOS	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FM CHUBENKO	CHIEF OPERATING OFFICER	2.00	Officer	$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	No data	No data	No data	No data
2023	$99,950	$51,152	$1,321,960	$48,798
2019	$31,945	$68,673	$1,245,308	$-36,728
2018	$36,116	$24,888	$1,282,036	$11,228

CARTERET HOUSING AND DEVELOPMENT CORPORA