NEWARK AFFORDABLE HOUSING COALITION

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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

Principal Officer

TASEEN PETERSON

Phone

9736876560

Tax Period

2025-01-01 to 2025-12-31

Mission

THE PURPOSE FOR WHICH THIS CORPORATION IS ORGANIZED IS THE RECOGNITION OF THE MUTUAL CONCERN AND COMMON INTERESTS TO ACHIEVE BETTER LIVING ENVIRONMENTS FOR THE RESIDENTS OF THE CITY OF NEWARK, INCLUDING BUT NOT LIMITED TO THOSE RESIDING WITHIN UNITS OWNED AND/OR OPERATED BY THE NEWARK HOUSING AUTHORITY, AND THE STATE OF NEW JERSEY THROUGH PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES,INCLUDING NECESSARY SOCIAL PROGRAMS AND JOB OPPORTUNITIES FOR RESIDENTS WHEN POSSIBLE.

Program Service Accomplishments

Program 1

THE OBJECTIVES OF THE CORPORATION ARE: A. TO BRING TOGETHER THE RESOURCES AND TECHNICAL EXPERTISE OF FEDERAL, STATE AND LOCAL OFFICIALS. TO SEEK THE ASSISTANCE OF HOUSING GROUPS, FOUNDATIONS, PRIVATE SECTOR ORGANIZATIONS AND THE COMMUNITY AT LARGE AS IT RELATES TO THE PROVISION OF AFFORDABLE HOUSING WITHIN THE CITY OF NEWARK AND STATE OF NEW JERSEY WHOSE PRIMARY RESPONSIBILITIES INVOLVE THE REHABILITATION AND OR CONVERSION OF EXISTING HOUSING, THE DEVELOPMENT OF NEW AFFORDABLE HOUSING, AND THE GENERAL IMPROVEMENT OF HOUSING CONDITIONS AS IT RELATES TO HOUSING, SOCIAL PROGRAMS AND JOB OPPORTUNITIES. B. TO IMPROVE THE QUALITY OF LIFE FOR RESIDENTS OF THE CITY OF NEWARK, INCLUDING BUT LIMITED TO THOSE RESIDING WITHIN UNITS OWNED AND/OR OPERATED BY THE NEWARK HOUSING AUTHORITY, BY PROVIDING BETTER AND MORE DIVERSE HOUSING OPPORTUNITIES. C. TO ENCOURAGE IMPROVED EFFICIENCY AND COOPERATION BETWEEN PUBLIC HOUSING AUTHORITIES AND ALL LEVELS OF GOVERNMENT AND THE PRIVATE SECTOR AND IN DOING SO AVOID UNNECESSARY DUPLICATION AND INEFFICIENCIES. D. TO PROMOTE THE HIGHEST STANDARDS OF PROFESSIONAL ETHICS.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $113,837

TOTAL EXPENSES $113,837

Year-over-Year Comparison

	2025	2024	Change
Revenue	N/A	N/A	N/A
Expenses	$113,837	$77,689	+0.5%
Net Income	N/A	$-77,689	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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TASEEN PETERSON	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
MARTINIQUE COSTA	TRUSTEE	N/A	Officer	$0	$0	$0
GREGORY GOOD	PRESIDENT	N/A	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
2025	No data	$113,837	$360,347	No data