IGNATIUS HALL DEVELOPMENT INC

EIN: 825524327 501(c)(3)

JERSEY CITY, NJ

Total Revenue
$2,687,179
Total Expenses
$1,104,854
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
2018
Legal Domicile
NJ
Principal Officer
HUBERT BENITEZ DDS PHD
Phone
2017617425
Tax Period
2023-07-01 to 2024-06-30

IGNATIUS HALL DEVELOPMENT INC, founded in 2018, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 59% operating margin.

Mission

TO ESTABLISH AND OPERATE A DORMITORY FACILITY FOR THE STUDENTS OF SAINT PETER'S UNIVERSITY.

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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 $2,668,462
Investment Income $0
Other Revenue $18,717
TOTAL REVENUE $2,687,179

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,097,118
Other Expenses $1,104,854
TOTAL EXPENSES $1,104,854

Year-over-Year Comparison

2023 2022 Change
Revenue $2,687,179 $2,496,992 +0.1%
Expenses $1,104,854 $818,233 +0.4%
Net Income $1,582,325 $1,678,759 -0.1%
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
3
Independent Members
1
Employees
N/A
Volunteers
1

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
3
$834,376
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUGENE J CORNACCHIA PHD TRUSTEE 1.00
Director
$0 $105,154 $621,039
PAUL CIRAULO TRUSTEE 1.00
Director
$0 $6,277 $213,337
JOSEPH A PANEPINTO SR TRUSTEE 1.00
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 $2,687,179 $1,104,854 No data $1,582,325
2023 $2,496,992 $818,233 $26,844,921 $1,678,759
2022 No data $61 $25,635,555 No data
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