Abundant Life Community Development Corporation

EIN: 522301257 501(c)(3) Housing & Shelter

Edgewater Park, NJ

Total Revenue
$292,154
Total Expenses
$677,788
Total Assets
$7,533,497
Net Assets
$-2,104,927
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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
1999
Legal Domicile
NJ
Phone
8564617000
Tax Period
2023-01-01 to 2023-12-31

Abundant Life Community Development Corporation, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $292K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $678K exceeded revenue, resulting in a 132% operating deficit.

Mission

Vision: To improve the quality of life and economic status of families in southern New Jersey.Mission: Our organization will be an advocate and strong resource for issues on behalf of the church, community, and economically disadvantaged.

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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 $184,905
Investment Income $83,642
Other Revenue $23,607
TOTAL REVENUE $292,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $414,415
Fundraising Expenses $0
Program Expenses $276,105
Other Expenses $263,373
TOTAL EXPENSES $677,788

Year-over-Year Comparison

2023 2022 Change
Revenue $292,154 $265,197 +0.1%
Expenses $677,788 $627,242 +0.1%
Net Income $-385,634 $-362,045 +0.1%
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
N/A
Employees
15
Volunteers
51

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
2
$126,662
Total Directors
2
$105,262
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PASTOR AUBREY FENTON Chairman 35.00
Officer
$0 $12,000 $92,100
APOSTLE ABRAHAM E FENTON Trustee 35.00
Director
$0 $0 $86,542
ANDREA A ARMSTRONG Director 35.00
Officer
$0 $18,000 $34,562
PASTOR RICHARD MINUS Trustee 35.00
Director
$0 $12,000 $18,720
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
2023 $292,154 $677,788 $7,533,497 $-385,634
2022 $265,197 $627,242 $7,543,153 $-362,045
2018 $195,314 $553,732 $7,794,381 $-358,418
2017 $206,285 $598,034 $7,916,613 $-391,749
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