NEW JERSEY ASSOCIATION OF REALTORS HOUSING OPPORTUNITY FOUNDATION INC

EIN: 810636974 501(c)(3) Philanthropy & Grantmaking

TRENTON, NJ

Total Revenue
$7,635
Total Expenses
$34,773
Total Assets
$301,640
Net Assets
$301,640
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NJ
Principal Officer
WILLIAM J HANLEY
Phone
6093417100
Tax Period
2018-01-01 to 2018-12-31

NEW JERSEY ASSOCIATION OF REALTORS HOUSING OPPORTUNITY FOUNDATION INC, founded in 2003, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $8K in total revenue in fiscal year 2018. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $35K exceeded revenue, resulting in a 355% operating deficit.

Mission

TO PROMOTE INDIVIDUAL HOME OWNERSHIP THROUGH EDUCATION AND SUPPORT SERVICES.

Program Service Accomplishments

Program 1
Expenses: $17,539

HOUSING IS AN ESSENTIAL PART OF THE WAY COMMUNITIES FUNCTION AND THRIVE THE NEW JERSEY REALTORS HOUSING OPPORTUNITY FOUNDATION, INC.INCREASES OPPORTUNITIES IN NEW JERSEY FOR SAFE, AFFORDABLE HOUSING...

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HOUSING IS AN ESSENTIAL PART OF THE WAY COMMUNITIES FUNCTION AND THRIVE THE NEW JERSEY REALTORS HOUSING OPPORTUNITY FOUNDATION, INC.INCREASES OPPORTUNITIES IN NEW JERSEY FOR SAFE, AFFORDABLE HOUSING. FUNDS PROVIDED TO THE FOUNDATION ARE ALSO GRANTED TO OTHER 501(C)(3) ORGANIZATIONS THROUGHOUT THE STATE THAT CREATE AFFORDABLE HOME OWNERSHIP OPTIONS, DEVELOP PUBLIC AWARENESS, AND OFFER HOMEBUYER EDUCATION.

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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 (2018)

Revenue Breakdown

Contributions & Grants $3,786
Program Service Revenue $0
Investment Income $3,849
Other Revenue $0
TOTAL REVENUE $7,635

Expense Breakdown

Grants Paid $4,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,539
Other Expenses $30,273
TOTAL EXPENSES $34,773

Year-over-Year Comparison

2018 2017 Change
Revenue $7,635 $50,731 -0.8%
Expenses $34,773 $35,210 0.0%
Net Income $-27,138 $15,521 -2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
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
4
$0
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINA P CLEMANS PRESIDENT 5.00
Officer Director
$0 $0 $0
DREW FISHMAN VICE-PRESIDENT 5.00
Officer Director
$0 $0 $0
WILLIAM HANLEY TREASURER 5.00
Officer Director
$0 $0 $0
DIANA M BUSTAMANTE SECRETARY 5.00
Officer Director
$0 $0 $0
CHRISTINA BANASIAK TRUSTEE 0.10
Director
$0 $0 $0
EUGENIA BONILLA TRUSTEE 0.10
Director
$0 $0 $0
ROXANNE DAIUTO TRUSTEE 0.10
Director
$0 $0 $0
GLENN ELLIOT TRUSTEE 0.10
Director
$0 $0 $0
MARY NUZIALE TRUSTEE 0.10
Director
$0 $0 $0
DANA WILLIAMS TRUSTEE 0.10
Director
$0 $0 $0
RONNIE GLOMB TRUSTEE 0.10
Director
$0 $0 $0
PAT SUDAL TRUSTEE 0.10
Director
$0 $0 $0
YY LIEN TRUSTEE 0.10
Director
$0 $0 $0
JUDITH MORIARTY TRUSTEE 0.10
Director
$0 $0 $0
RICH BRADFORD TRUSTEE 0.10
Director
$0 $0 $0
ANGELA SICOLI TRUSTEE 0.10
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
2018 $7,635 $34,773 $301,640 $-27,138
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