HOME OF SOMERSET COUNTY INC FORMERLY INTERFAITH HOSPITALITY NETWORK OF

EIN: 521752472 501(c)(3) Religion

SOMERVILLE, NJ

Total Revenue
$1,193,933
Total Expenses
$1,194,952
Total Assets
$458,048
Net Assets
$451,824
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NJ
Principal Officer
DOROTHY DRISCOLL
Phone
9087041920
Tax Period
2023-01-01 to 2023-12-31

HOME OF SOMERSET COUNTY INC FORMERLY INTERFAITH HOSPITALITY NETWORK OF, founded in 1992, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

HOME OF SOMERSET COUNTY INC. IS A HOMELESS SHELTER AND ASSISTANCE AGENCY FOR HOMELESS FAMILIES AND SINGLE WOMEN IN THE COUNTY. EMPOWERING HOMELESS FAMILIES TO ACHIEVE AND MAINTAIN INDEPENDENCE.

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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 $1,163,255
Program Service Revenue $0
Investment Income $11,292
Other Revenue $19,386
TOTAL REVENUE $1,193,933

Expense Breakdown

Grants Paid $0
Salaries & Benefits $242,203
Fundraising Expenses $0
Program Expenses $1,157,194
Other Expenses $952,749
TOTAL EXPENSES $1,194,952

Year-over-Year Comparison

2023 2022 Change
Revenue $1,193,933 $1,436,862 -0.2%
Expenses $1,194,952 $1,381,783 -0.1%
Net Income $-1,019 $55,079 -1.0%
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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Governance

Voting Members
15
Independent Members
15
Employees
6
Volunteers
150

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
4
$0
Total Directors
11
$60,434
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SERENA COLLADO BOARD MEMBER 5.00
Director
$0 $0 $0
KATE SARLES BOARD MEMBER 5.00
Director
$0 $0 $0
LEE MATYOLA BOARD MEMBER 5.00
Director
$0 $0 $0
CAROL LEVINE BOARD MEMBER 5.00
Director
$0 $0 $0
JEFF KNOUSE BOARD MEMBER 5.00
Director
$0 $0 $0
REV GEORGE MONTANARI MEMBER EMERITUS 5.00
Director
$0 $0 $0
ALYSSA MARTINI AGENCY DIRECTOR 35.00
Director
$60,434 $0 $60,434
SHARON ROONEY MAYER BOARD MEMBER 5.00
Director
$0 $0 $0
ROBIN OSMAN BOARD MEMBER 5.00
Director
$0 $0 $0
TIMOTHY O'CONNOR BOARD MEMBER 5.00
Director
$0 $0 $0
DOUG DZWONCZYK TREASURER 5.00
Director
$0 $0 $0
DOROTHY DRISCOLL PRESIDENT 5.00
Officer
$0 $0 $0
KATHARINE RUE VICE PRESIDENT 5.00
Officer
$0 $0 $0
DEBBIE ELEFANT SECRETARY 5.00
Officer
$0 $0 $0
BRIDGET RYAN-BLAKE BOARD MEMBER 5.00
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
2024 No data No data No data No data
2023 $1,193,933 $1,194,952 $458,048 $-1,019
2022 $1,436,862 $1,381,783 $457,238 $55,079
2021 $1,364,551 $1,361,241 $405,331 $3,310
2020 $1,373,358 $1,335,754 $399,942 $37,604
2019 $1,434,414 $1,434,989 $360,893 $-575
2018 $1,482,300 $1,409,208 $359,521 $73,092
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