HOUSING FOR HOBOKEN INC

EIN: 834391281 501(c)(3) Housing & Shelter

HOBOKEN, NJ

Total Revenue
$2,525,395
Total Expenses
$2,575,604
Total Assets
$5,942,597
Net Assets
$3,324
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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
MARC RECKO
Phone
2017980370
Tax Period
2023-10-01 to 2024-09-30

HOUSING FOR HOBOKEN INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023.

Mission

To provide and rehabilitate the affordable housing in Hoboken

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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 $2,417,057
Investment Income $14,487
Other Revenue $93,851
TOTAL REVENUE $2,525,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $902,590
Fundraising Expenses $0
Program Expenses $2,575,604
Other Expenses $1,673,014
TOTAL EXPENSES $2,575,604

Year-over-Year Comparison

2023 2022 Change
Revenue $2,525,395 $2,457,056 +0.0%
Expenses $2,575,604 $2,052,051 +0.3%
Net Income $-50,209 $405,005 -1.1%
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
4
Independent Members
5
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erica Seitzman President 1.00
Director
$0 $0 $0
Barbara Reyes Trustee 1.00
Director
$0 $0 $0
David Edwards Trustee 1.00
Director
$0 $0 $0
April Harris 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 $2,525,395 $2,575,604 $5,942,597 $-50,209
2023 $2,457,056 $2,052,051 $5,780,232 $405,005
2022 $1,905,232 $2,238,457 $5,220,960 $-333,225
2021 $1,246,987 $1,019,088 $5,261,807 $227,899
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