EDGEWATER HOUSING FINANCE CORPORATION

EIN: 521638361 501(c)(3)

EDGEWATER, NJ

Total Revenue
$425,496
Total Expenses
$457,914
Total Assets
$2,548,836
Net Assets
$518,259
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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
1997
Legal Domicile
NJ
Principal Officer
JOSEPH CAPANO
Phone
2019436000
Tax Period
2023-01-01 to 2023-12-31

EDGEWATER HOUSING FINANCE CORPORATION, founded in 1997, is a small nonprofit that reported $425K in total revenue in fiscal year 2023.

Mission

TO PROVIDE AND MANAGE HOUSING FOR LOW AND MODERATE 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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $412,888
Investment Income $11,286
Other Revenue $1,322
TOTAL REVENUE $425,496

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,054
Fundraising Expenses $0
Program Expenses $457,914
Other Expenses $376,860
TOTAL EXPENSES $457,914

Year-over-Year Comparison

2023 2022 Change
Revenue $425,496 $418,047 +0.0%
Expenses $457,914 $445,546 +0.0%
Net Income $-32,418 $-27,499 +0.2%
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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIMITRIOS NIKOLAIDIS President 0.00
Director
$0 $0 $0
VINCENT MONTE Vice President 0.00
Director
$0 $0 $0
ROBERT HUESTON SECRETARY 0.00
Director
$0 $0 $0
JAMES D'ANNA MEMBER 0.00
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 No data No data No data No data
2023 $425,496 $457,914 $2,548,836 $-32,418
2022 $418,047 $445,546 $2,593,140 $-27,499
2021 $650,007 $704,108 $4,162,503 $-54,101
2020 $382,826 $353,173 $2,659,549 $29,653
2019 $358,369 $395,896 $2,636,721 $-37,527
2018 $361,020 $381,896 $2,658,635 $-20,876
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