MALCOLM S AND NORA W STEELE DEVELOPMENT CORP

EIN: 844963428 501(c)(3) Community Improvement

FREEHOLD, NJ

Total Revenue
$245,594
Total Expenses
$40,317
Total Assets
$205,277
Net Assets
$205,277
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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
2023
Legal Domicile
NJ
Principal Officer
PAMELA SIMS JONES
Phone
6095321208
Tax Period
2023-01-01 to 2023-12-31

MALCOLM S AND NORA W STEELE DEVELOPMENT CORP, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $246K in total revenue in fiscal year 2023. The organization ran a surplus of $205K, a strong 84% operating margin.

Mission

Distributes food commodities to the Freehold NJ community

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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 $245,594
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $245,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,977
Fundraising Expenses $0
Program Expenses $77,045
Other Expenses $23,340
TOTAL EXPENSES $40,317

Year-over-Year Comparison

2023 2022 Change
Revenue $245,594 N/A N/A
Expenses $40,317 N/A N/A
Net Income $205,277 N/A 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
6
Independent Members
6
Employees
1
Volunteers
40

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAMELA SIMS JONES PRESIDENT 5
Officer
$0 $0 $0
REV RONALD L SPARKS VICE PRESIDENT 5
Officer
$0 $0 $0
PATRICIA BOHSE TREASURER 5
Officer
$0 $0 $0
JESUS GUERRA SECRETARY 5
Officer
$0 $0 $0
ANDREA MCPHERSON BOARD MEMBER 5
Officer
$0 $0 $0
DR JACKELINE MEJIAS FUERTES BOARD MEMBER 5
Officer
$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
2023 $245,594 $40,317 $205,277 $205,277
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