NORTHWEST DEVELOPERS INC

EIN: 815401172 501(c)(3) Community Improvement

NEWARK, NJ

Total Revenue
$-21,616
Total Expenses
$58,874
Total Assets
$8,530,397
Net Assets
$8,530,397
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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
2017
Legal Domicile
NJ
Principal Officer
ERNESTINE WATSON
Phone
9737833377
Tax Period
2023-01-01 to 2023-12-31

NORTHWEST DEVELOPERS INC, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $22K in total revenue in fiscal year 2023. Revenue fell 143% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE QUALITY HOUSING WHICH IS AFFORDABLE FOR LOW AND MODERATE INCOME PEOPLE IN A SAFE AND SECURE ENVIRONMENT AND TO PROVIDE FINANCIAL AND OTHER FORMS OF ASSISTANCE TO TENANTS AND THEIR 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-21,616
Other Revenue $0
TOTAL REVENUE $-21,616

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,200
Fundraising Expenses $0
Program Expenses $3,500
Other Expenses $27,674
TOTAL EXPENSES $58,874

Year-over-Year Comparison

2023 2022 Change
Revenue $-21,616 $50,854 -1.4%
Expenses $58,874 $81,240 -0.3%
Net Income $-80,490 $-30,386 +1.6%
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
6
Independent Members
N/A
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
$21,600
Total Directors
6
$31,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNESTINE WATSON PRESIDENT 1.00
Officer Director
$7,200 $0 $7,200
JOHN W CARTER VICE PRESIDENT 1.00
Officer Director
$4,800 $0 $4,800
E DENISE COUNCIL SECRETARY 1.00
Officer Director
$4,800 $0 $4,800
NANCY TILLER TREASURER 1.00
Officer Director
$4,800 $0 $4,800
RICHARD M TAYLOR MEMBER 1.00
Director
$4,800 $0 $4,800
MARY DICKENS MEMBER 1.00
Director
$4,800 $0 $4,800
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 $-21,616 $58,874 $8,530,397 $-80,490
2022 $50,854 $81,240 $8,556,737 $-30,386
2021 $811,725 $123,345 $10,276,069 $688,380
2020 $477,092 $57,387 $9,579,725 $419,705
2019 $835,755 $62,951 $9,160,021 $772,804
2018 $425,565 $51,125 $8,387,717 $374,440
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