ASBURY PARK REDEVELOPMENT AND IMPROVEMENT ENTITY

EIN: 472807969 501(c)(3) Housing & Shelter

ASBURY PARK, NJ

Total Revenue
$87,771
Total Expenses
$4,266
Total Assets
$229,674
Net Assets
$229,674
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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
2015
Legal Domicile
NJ
Principal Officer
GREGORY HOPSON SR
Phone
7322223747
Tax Period
2019-01-01 to 2019-12-31

ASBURY PARK REDEVELOPMENT AND IMPROVEMENT ENTITY, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $88K in total revenue in fiscal year 2019. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $84K, a strong 95% operating margin.

Mission

TO DEVELOP, CREATE, AND MANAGE HOUSING IN AND AROUND THE AREA OF THE CITY OF ASBURY PARK NEW JERSEY FOR LOW AND VERY LOW INCOME FAMILIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,500
Investment Income $271
Other Revenue $0
TOTAL REVENUE $87,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,266
Other Expenses $4,266
TOTAL EXPENSES $4,266

Year-over-Year Comparison

2019 2018 Change
Revenue $87,771 $251,460 -0.7%
Expenses $4,266 $105,291 -1.0%
Net Income $83,505 $146,169 -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

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS SAHLIN TREASURER N/A
Officer
$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
2019 $87,771 $4,266 $229,674 $83,505
2018 $251,460 $105,291 $146,169 $146,169
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