NORTH BERGEN RENAISSANCE CORP (EIN 311621632) - 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

1999

Legal Domicile

Principal Officer

JULIO MARENCO

Phone

2018688605

Tax Period

2024-01-01 to 2024-12-31

NORTH BERGEN RENAISSANCE CORP, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $552K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

MANAGES A LOW INCOME SENIOR HOUSING PROJECT IN NORTH BERGEN, NEW JERSEY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $546,102

Investment Income $6,189

Other Revenue $0

TOTAL REVENUE $552,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,003

Fundraising Expenses $0

Program Expenses $476,900

Other Expenses $66,159

TOTAL EXPENSES $568,162

Year-over-Year Comparison

	2024	2023	Change
Revenue	$552,291	$585,498	-0.1%
Expenses	$568,162	$599,744	-0.1%
Net Income	$-15,871	$-14,246	+0.1%

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

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

$84,895

Total Directors

$77,818

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT FARLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD J SANZARI	SECRETARY	1.00	Officer Director	$77,818	$0	$77,818
DENNIS CARNATZ	TREASURER	1.00	Officer Director	$0	$0	$0
CLAUDIA RODRIGUEZ	TRUSTEE	1.00	Director	$0	$0	$0
HUGO CABRERA	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA CANABE	TRUSTEE	1.00	Director	$0	$0	$0
MADELINE FOCARACCIO	TRUSTEE	1.00	Director	$0	$0	$0
JULIO MARENCO	EXECUTIVE DIRECTOR	1.00	Officer	$7,077	$0	$7,077

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	$552,291	$568,162	$289,754	$-15,871
2023	$585,498	$599,744	$438,735	$-14,246
2022	$501,959	$677,092	$435,948	$-175,133
2021	$365,737	$589,895	$408,665	$-224,158
2020	$380,523	$393,179	$373,605	$-12,656
2019	$236,505	$372,921	$250,005	$-136,416
2018	$228,730	$314,298	$366,136	$-85,568

NORTH BERGEN RENAISSANCE CORP