MAXWELL PLACE WATERFRONT PARK CORPORATION INC c/o FIRST SERVICE RESIDENTIAL (EIN 452594112) - 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

2011

Legal Domicile

Principal Officer

LEO PELLEGRINI

Phone

2016568323

Tax Period

2023-01-01 to 2023-12-31

MAXWELL PLACE WATERFRONT PARK CORPORATION INC c/o FIRST SERVICE RESIDENTIAL, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $561K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $351K, a strong 63% operating margin.

Mission

MAXWELL PLACE WATERFRONT PARK IS A PUBLIC NATURAL PARK LOCATED IN AND OWNED BY HOBOKEN, NJ. THE PARK PROVIDES THE URBAN/INDUSTRIALIZED PUBLIC WITH AN OPEN AND GREEN SPACE WITH ACCESS TO THE HUDSON RIVER.

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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 $491,494

Investment Income $69,439

Other Revenue $0

TOTAL REVENUE $560,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,083

Fundraising Expenses $0

Program Expenses $177,441

Other Expenses $165,857

TOTAL EXPENSES $209,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,933	$481,634	+0.2%
Expenses	$209,940	$322,149	-0.3%
Net Income	$350,993	$159,485	+1.2%

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	Role	Reportable Comp	Other Comp	Total
LEO PELLEGRINI	TRUSTEE	Director	$0	$0	$0
EMILY JABBOUR	TRUSTEE	Director	$0	$0	$0
FRED SCHMIDT	TRUSTEE	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
2024	No data	No data	No data	No data
2023	$560,933	$209,940	$2,271,826	$350,993
2022	$481,634	$322,149	$1,909,060	$159,485
2021	$485,224	$200,112	$1,745,971	$285,112
2020	$387,901	$370,604	$1,465,007	$17,297
2019	$383,019	$533,924	$1,425,118	$-150,905
2018	$214,876	$113,313	$1,531,193	$101,563

MAXWELL PLACE WATERFRONT PARK CORPORATION INC c/o FIRST SERVICE RESIDENTIAL