ASBURY PARK REDEVELOPMENT AND IMPR… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

TO OPERATE/MANAGE SUBSIDIZED HOUSIGN FOR LOW INCOME FAMILIES AND TO CREATE/DEVELOP MORE AFFORDABLE HOUSING FOR LOW OR 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%)

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

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	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

ASBURY PARK REDEVELOPMENT AND IMPROVEMENT ENTITY