EAST ORANGE, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)EAST ORANGE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $237K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $273K exceeded revenue, resulting in a 15% operating deficit.
EOHCDC DOES NOT CONTEMPLATE PECUNIARY GAIN OR PROFIT, AND THE SPECIFIC PURPOSES FOR WHICH IT IS FORMED ARE: A) TO ASSIST THE HOUSING AUTHORITY OF THE CITY OF EAST ORANGE TO DEVELOP AND REDEVELOP HOUSING AND NEIGHBORHOODS IN THE CITY OF EAST ORANGE B)TO DEVELOP ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME INDIVIDUALS IN NEED OF ASSISTANCE C) TO CONSULT, FINANCE, DEVELOP, REDEVELOP, PLAN, OWN AND CREATE HOUSING OPPORTUNITIES FOR LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $237,095 | $369,469 | -0.4% |
| Expenses | $273,188 | $264,984 | +0.0% |
| Net Income | $-36,093 | $104,485 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KEELY FREEMAN | BOARD CHAIR | N/A |
Officer
Director
|
$0 | $0 | $0 |
| WILBERT GILL | SECRETARY | N/A |
Officer
Director
|
$0 | $0 | $0 |
| WG HARRIS | VICE CHAIR | N/A |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM JONES | TREASURER | N/A |
Director
|
$0 | $0 | $0 |
| FRED SHAW | MEMBER | N/A |
Director
|
$0 | $0 | $0 |
| WANDA WATSON | MEMBER | N/A |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $237,095 | $273,188 | $3,249,569 | $-36,093 |
| 2023 | $369,469 | $264,984 | $3,472,082 | $104,485 |
| 2022 | $406,414 | $165,966 | $2,577,100 | $240,448 |
| 2021 | $208,828 | $139,408 | $1,731,712 | $69,420 |
| 2020 | $298,551 | $159,909 | $1,691,391 | $138,642 |
| 2019 | $265,285 | $54,643 | $1,314,247 | $210,642 |
| 2018 | $243,016 | $143,842 | $962,238 | $99,174 |
Compare EAST ORANGE HOUSING AND COMMUNITY DEVELOPMENT CORPORATION with other nonprofits in New Jersey and across the country.