ATLANTIC ARMS DEVLOPMENT CORPORATION

EIN: 451093319 501(c)(3) Housing & Shelter

Hackensack, NJ

Total Revenue
$16,808
Total Expenses
$64,353
Total Assets
$329,805
Net Assets
$250,514
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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
2011
Legal Domicile
NJ
Principal Officer
JIMMIE MILLER
Tax Period
2021-06-01 to 2022-05-31

ATLANTIC ARMS DEVLOPMENT CORPORATION, founded in 2011, is a micro nonprofit in the Housing & Shelter sector that reported $17K in total revenue in fiscal year 2021. Expenses of $64K exceeded revenue, resulting in a 283% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $9,008
Program Service Revenue $7,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $16,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $63,553
Other Expenses $64,353
TOTAL EXPENSES $64,353

Year-over-Year Comparison

2021 2020 Change
Revenue $16,808 N/A N/A
Expenses $64,353 N/A N/A
Net Income $-47,545 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDITH SCOTT VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
JOANNE WYNNE TREASURER 0.00
Officer Director
$0 $0 $0
JIMMIE MILLER PRESIDENT 10.00
Officer Director
$0 $0 $0
ROSALYN HOLLAND RECORDING SECRETARY 0.00
Officer Director
$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
2022 $16,808 $64,353 $329,805 $-47,545
2021 $23,870 $43,611 $321,834 $-19,741
2020 $19,661 $33,456 $341,575 $-13,795
2019 $18,700 $40,332 $355,370 $-21,632
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