CAREPOINT HEALTH FOUNDATION INC

EIN: 452486602 501(c)(3) Health Care

JERSEY CITY, NJ

Total Revenue
$5,699,253
Total Expenses
$5,852,067
Total Assets
$2,124,215
Net Assets
$787,714
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
NJ
Principal Officer
PAULA NEVOSO
Phone
2017958000
Tax Period
2023-01-01 to 2023-12-31

CAREPOINT HEALTH FOUNDATION INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2023.

Mission

THE FOUNDATION WAS ESTABLISHED TO STRENGTHEN ACCESS TO CARE FOR THE UNINSURED AND THE UNDERINSURED MEMBERS OF THE HUDSON COUNTY COMMUNITY. THE FOUNDATION GENERATES CHARITABLE DOLLARS AND MAKES STRATEGIC GRANTS TO SUPPORT PROGRAMS AND SERVICES THAT ADVANCE ITS MISSION IN IMPROVING ACCESS TO HEALTH, WELLNESS, HEALTH EDUCATION AND FUTURE HEALTH PROFESSIONAL'S EDUCATION SERVICES FOR RESIDENTS OF HUDSON COUNTY, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,680,580
Program Service Revenue $0
Investment Income $18,673
Other Revenue $0
TOTAL REVENUE $5,699,253

Expense Breakdown

Grants Paid $4,980,745
Salaries & Benefits $679,848
Fundraising Expenses $227,592
Program Expenses $5,256,797
Other Expenses $191,474
TOTAL EXPENSES $5,852,067

Year-over-Year Comparison

2023 2022 Change
Revenue $5,699,253 $5,860,629 0.0%
Expenses $5,852,067 $5,970,716 0.0%
Net Income $-152,814 $-110,087 +0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
3
Volunteers
11

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
5
$391,665
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL ALTILIO CHAIRMAN 5.00
Officer Director
$0 $0 $0
EUGENE J CORNACCHIA VICE CHAIR 5.00
Officer Director
$0 $0 $0
JOSEPH CAULFIELD TREASURER 5.00
Officer Director
$0 $0 $0
HENRY J AMOROSO TRUSTEE 5.00
Director
$0 $0 $0
ISABEL D CHOU TRUSTEE 5.00
Director
$0 $0 $0
ANTONIO IBARRIA TRUSTEE 5.00
Director
$0 $0 $0
JOSE F MEDINA-LASSO TRUSTEE 5.00
Director
$0 $0 $0
ANGEL A LAZO JR TRUSTEE 5.00
Director
$0 $0 $0
JAMES P RYAN TRUSTEE 5.00
Director
$0 $0 $0
KEN SHAH SECRETARY 5.00
Officer Director
$0 $0 $0
ANGELO M VALENTE TRUSTEE 5.00
Director
$0 $0 $0
PAULA A NEVOSO PRESIDENT 5.00
Officer
$353,633 $38,032 $391,665
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
2023 $5,699,253 $5,852,067 $2,124,215 $-152,814
2022 $5,860,629 $5,970,716 $3,298,480 $-110,087
2021 $5,806,464 $5,728,197 $1,791,167 $78,267
2020 $6,043,856 $6,218,718 $1,717,254 $-174,862
2019 $5,492,161 $5,608,325 $1,678,559 $-116,164
2018 $5,779,176 $5,631,484 $1,928,991 $147,692
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