BLOOMFIELD AVENUE LOWER BROADWAY MANAGEMENT CORPORATION

EIN: 823223955 501(c)(3) Community Improvement

NEWARK, NJ

Total Revenue
$468,050
Total Expenses
$489,986
Total Assets
$529,125
Net Assets
$495,252
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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
PJ CALELLO
Phone
2019182426
Tax Period
2024-01-01 to 2024-12-31

BLOOMFIELD AVENUE LOWER BROADWAY MANAGEMENT CORPORATION, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $468K in total revenue in fiscal year 2024.

Mission

TO SERVE AS A CATALYST FOR ECONOMIC DEVELOPMENT THROUGHOUT THE BLOOMFIELD AVENUE/LOWER BROADWAY COMMERCIAL CORRIDOR.

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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 (2024)

Revenue Breakdown

Contributions & Grants $468,000
Program Service Revenue $0
Investment Income $50
Other Revenue $0
TOTAL REVENUE $468,050

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $478,357
Other Expenses $489,986
TOTAL EXPENSES $489,986

Year-over-Year Comparison

2024 2023 Change
Revenue $468,050 $453,050 +0.0%
Expenses $489,986 $453,956 +0.1%
Net Income $-21,936 $-906 +23.2%
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
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PJ CALELLO PRESIDENT 3.00
Officer Director
$0 $0 $0
JOSEPH RODRIGUEZ VICE-PRESIDENT 3.00
Officer Director
$0 $0 $0
IVONNE RIOS SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
JOMIYRS LOZANA BOARD MEMBER 3.00
Director
$0 $0 $0
ALFREDO RUIZ BOARD MEMBER 3.00
Director
$0 $0 $0
EMILY MANZ BOARD MEMBER 3.00
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
2024 $468,050 $489,986 $529,125 $-21,936
2023 No data No data No data No data
2022 $443,581 $383,717 $579,444 $59,864
2022 $443,581 $406,041 $561,869 $37,540
2021 $443,596 $410,177 $519,258 $33,419
2021 $443,596 $407,978 $519,257 $35,618
2020 $444,460 $317,264 $484,766 $127,196
2019 $443,909 $392,532 $382,470 $51,377
2019 $443,910 $391,233 $383,770 $52,677
2018 $670,000 $402,738 No data $267,262
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