FAMILY PROMISE OF HUDSON COUNTY A … - Form 990 Financial Data

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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

2018

Legal Domicile

Phone

2014481939

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF HUDSON COUNTY A NEW NJ NONPROFIT CORPORATION, founded in 2018, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2024. The organization ran a surplus of $60K, a strong 24% operating margin.

Mission

The mission of Family Promise of Hudson County is to help homeless and low-income families achieve sustainable independence through a community-based response. Family Promises vision is to envision a nation in which every family has a home a livelihood and a chance to build a better future.

Program Service Accomplishments

Program 1

Expenses: $3,333 Revenue: $14,372

Homeless Prevention Program- Our Homeless Prevention ProgramHPP has been doing wonders for our families. In addition to paying our clients rental arrears and assisting them with a 30% stipend of...

Homeless Prevention Program- Our Homeless Prevention ProgramHPP has been doing wonders for our families. In addition to paying our clients rental arrears and assisting them with a 30% stipend of their monthly rent until the end of 2024; they are also being assisted by our long-term case management. In 2024 this program served 11 families consisting of 33 children.

Program 2

Expenses: $75,740 Revenue: $5,845

Rapid Rehousing Program- Family Promise of Hudson County in collaboration with HUMI administers a Rapid-Rehousing Program funded by Hudson County. The Rapid-Rehousing serves families through federal funding from HUDHousing and Urban Development which is distributed through Hudson County. The Rapid-Rehousing component allows those who are newly homeless and about to enter the emergency shelter system to access permanent housing through quick relocation made possible by one-time short-term financial assistance brief case-management and housing relocation. In 2024 this program served over 40 families consisting of 53 children

Program 3

Expenses: $9,827 Revenue: $173

Shelter Program- Family Promise of Hudson County emergency shelter program has been running of the static site model for some time now. This model allows us to successfully re-house our families into static locations. a static location is a fixed site where a family can stay and volunteers provide hospitality from a distance. These locations enable our families to have the stability needed to get themselves back on their feet. In 2024 this program served 5 families consisting of 14 children.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $239,775

Program Service Revenue $0

Investment Income $25

Other Revenue $9,998

TOTAL REVENUE $249,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,902

Fundraising Expenses $12,891

Program Expenses $88,900

Other Expenses $65,848

TOTAL EXPENSES $189,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$249,798	N/A	N/A
Expenses	$189,641	N/A	N/A
Net Income	$60,157	$0	N/A

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

$87,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sister Georgette Gavioll	President	33.00	Officer	$0	$0	$0
Kate Kaiser	Treasurer	33.00	Officer	$0	$0	$0
Dr Debra Pelto	Secretary	33.00	Officer	$0	$0	$0
Bradley Debose	Member	33.00		$0	$0	$0
Christopher Duncan	Member	33.00		$0	$0	$0
Bernice Vanderpool	Managing Consultant Director	33.00	Director	$0	$0	$87,850

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	$249,798	$189,641	$75,747	$60,157
2022	$256,649	$212,714	$67,603	$43,935
2018	$54,384	$65,118	$5,036	$-10,734

FAMILY PROMISE OF HUDSON COUNTY A NEW NJ NONPROFIT CORPORATION