Habakkuks Vision Charitable Ministries a NJ Non Profit Corporation

EIN: 824223608 501(c)(3) Human Services

Plainfield, NJ

Total Revenue
$232,500
Total Expenses
$232,500
Total Assets
N/A
Net Assets
N/A
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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
2019
Legal Domicile
NJ
Principal Officer
Aisha Babilonia
Phone
9178040502
Tax Period
2024-01-01 to 2024-12-31

Habakkuks Vision Charitable Ministries a NJ Non Profit Corporation, founded in 2019, is a small nonprofit in the Human Services sector that reported $232K in total revenue in fiscal year 2024. Revenue surged 155% from the prior year, signaling strong growth momentum.

Mission

To create a world and Equitable Opportunities where True Freedom exists for the formerly incarcerated the homeless survivors of sex and human trafficking those suffering from mental illness substance abuse trauma victim survivors of domestic violence and other vulnerable populations of all race religion and gender.

Program Service Accomplishments

Program 1
Expenses: $91,816 Revenue: $0

Provided emergency temporary housing to NJDOC newly released consumers. Provided permanent housing assistance 1 months rent and 1 months security to program participants for housing

Program 2
Expenses: $19,633 Revenue: $0

Employment Readiness Training and Placement. Purchased clothing paid for training and other hygiene essentials for the homeless victims of domestic violence and justice-impacted individuals

Program 3
Expenses: $22,368 Revenue: $0

Provided food and nutrition by way of ShopRite gift cards and groceries to reentering and homeless persons and prepared hot meals and distributed. Provided Family reunification assistance.

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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 $172,500
Program Service Revenue $60,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,500

Expense Breakdown

Grants Paid $133,817
Salaries & Benefits $74,605
Fundraising Expenses $0
Program Expenses $232,500
Other Expenses $24,078
TOTAL EXPENSES $232,500

Year-over-Year Comparison

2024 2023 Change
Revenue $232,500 $91,150 +1.6%
Expenses $232,500 $91,150 +1.6%
Net Income $0 $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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
7

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
0
$0
Total Directors
1
$5,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony Ashby Mr 40.00
Highest
$45,200 $0 $45,200
Aisha M Babilonia Ms 40.00
Director
$5,000 $0 $5,000
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 $232,500 $232,500 No data No data
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