EAST NEWARK CURC REDEVELOPMENT CORPORATION (EIN 310914172) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

DAVID PHILLIPS

Phone

6144524184

Tax Period

2023-05-01 to 2024-04-30

EAST NEWARK CURC REDEVELOPMENT CORPORATION, founded in 1975, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.2M left a modest 13% surplus.

Mission

TO PROVIDE AFFORDABLE ACCESSIBLE HOUSING TO THE ELDERLY AND HANDICAPPED PERSONS.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,094,386

Program Service Revenue $253,628

Investment Income $3,458

Other Revenue $20,604

TOTAL REVENUE $1,372,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,098,244

Other Expenses $1,189,668

TOTAL EXPENSES $1,189,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,372,076	$1,423,952	0.0%
Expenses	$1,189,668	$1,409,706	-0.2%
Net Income	$182,408	$14,246	+11.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$122,146

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL L HUNT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOEL KING	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
KELTON WALLER	SECRETARY	1.00	Officer Director	$0	$0	$0
RONALD MITCHELL	RECORDER	1.00	Officer Director	$0	$0	$0
JAY C FINKLEA	MEMBER	0.50	Director	$0	$0	$0
STAN E FORD	MEMBER	0.50	Director	$0	$0	$0
ROBERT GLOVER	MEMBER	0.50	Director	$0	$0	$0
CASSANDRA L HICKS	MEMBER	0.50	Director	$0	$0	$0
CELIA M KENDALL	CEO	1.00	Officer	$0	$0	$122,146

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	No data	No data	No data	No data
2024	$1,372,076	$1,189,668	$1,339,998	$182,408
2023	$1,423,952	$1,409,706	$1,281,598	$14,246
2022	$1,406,238	$1,523,240	$1,079,645	$-117,002
2021	$1,435,195	$1,531,987	$1,175,313	$-96,792
2020	$1,276,423	$1,415,124	$1,229,162	$-138,701
2019	$1,218,252	$1,509,105	$1,277,551	$-290,853
2018	$1,201,335	$1,417,420	$1,466,869	$-216,085

EAST NEWARK CURC REDEVELOPMENT CORPORATION