HABCORE INC

EIN: 521596165 501(c)(3)

TINTON FALLS, NJ

Total Revenue
$6,254,862
Total Expenses
$5,735,028
Total Assets
$7,209,555
Net Assets
$4,205,158
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
NJ
Principal Officer
DARRIN DE SENO
Phone
7325441975
Tax Period
2024-01-01 to 2024-12-31

HABCORE INC, founded in 1988, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $5.7M left a modest 8% surplus.

Mission

HABCORE PROVIDES PERMANENT HOUSING AND INDIVIDUALIZED SUPPORT, WHICH HELPS HOMELESS FAMILIES, VETERANS, AND INDIVIDUALS WITH SPECIAL NEEDS MOVE THROUGH CRISIS TO STABILITY, GIVING THEM THE OPPORTUNITY TO IMPROVE THEIR LIVES.

Program Service Accomplishments

Program 1
Expenses: $5,326,496 Revenue: $4,764,419

TO PROVIDE HOMES, SHELTERS, HOMESTEADS AND OTHER FACILITIES FOR HOMELESS PERSONS WITH LOW-INCOME AND/OR PERSONS WHO ARE DISADVANTAGED, DISABLED, UNEMPLOYED OR OTHERWISE UNABLE TO CARE FOR THEMSELVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,505,535
Program Service Revenue $4,753,072
Investment Income $48,463
Other Revenue $-52,208
TOTAL REVENUE $6,254,862

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,090,381
Fundraising Expenses $281,050
Program Expenses $5,326,496
Other Expenses $3,644,647
TOTAL EXPENSES $5,735,028

Year-over-Year Comparison

2024 2023 Change
Revenue $6,254,862 $4,970,544 +0.3%
Expenses $5,735,028 $4,582,444 +0.3%
Net Income $519,834 $388,100 +0.3%
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
23
Independent Members
23
Employees
58
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
8
$178,055
Total Directors
22
$178,055
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HEISMAN EXECUTIVE DIRECTOR 40.00
Officer Director
$150,110 $27,945 $178,055
DANA WELLE TRUSTEE 1.00
Director
$0 $0 $0
ERIC YNGSTROM TRUSTEE 1.00
Director
$0 $0 $0
PAUL ROBERTS TRUSTEE 1.00
Director
$0 $0 $0
RON REISNER TRUSTEE 1.00
Director
$0 $0 $0
LIZ MANCUSO TRUSTEE 1.00
Director
$0 $0 $0
BILL MCGUINN TRUSTEE 1.00
Director
$0 $0 $0
MICHELE HAAS TRUSTEE 1.00
Director
$0 $0 $0
JOE GAGLIANO SECOND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ELAINE FOLEY TRUSTEE 1.00
Director
$0 $0 $0
VALERIE HEMHAUSER TRUSTEE 1.00
Director
$0 $0 $0
SHELDON ABRAMS TRUSTEE 1.00
Director
$0 $0 $0
DEBORAH EISENSTEIN ADVISORY BOARD CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN HARBISON SECRETARY 2.00
Officer Director
$0 $0 $0
DARRIN DE SENO TREASURER 2.00
Officer Director
$0 $0 $0
CATHY PUGLIESE-SIVO PRESIDENT 5.00
Director
$0 $0 $0
GARY DAHMS VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
KATHLEEN MULLARKEY TRUSTEE 1.00
Officer Director
$0 $0 $0
SHANNON MOSIER TRUSTEE 1.00
Director
$0 $0 $0
JOHN MUNLEY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT WINTERS TRUSTEE 1.00
Officer Director
$0 $0 $0
BERNARD MCSHERRY TRUSTEE 1.00
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 $6,254,862 $5,735,028 $7,209,555 $519,834
2023 $4,970,544 $4,582,444 $6,587,917 $388,100
2022 $4,967,156 $4,409,118 $7,376,562 $558,038
2021 $4,223,879 $4,047,629 $5,091,170 $176,250
2020 $3,880,589 $3,565,652 $4,635,729 $314,937
2019 $3,463,916 $3,233,037 $3,845,203 $230,879
2018 $2,901,133 $2,881,943 $3,496,987 $19,190
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