COMMUNITY DEVELOPMENT ASSOCIATION OF NEW JERSEY (EIN 853458477) - Form 990 Financial Analysis & Trantor Score

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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

2020

Legal Domicile

Principal Officer

ALFRED RESTAINO JR

Phone

2019434449

Tax Period

2024-01-01 to 2024-12-31

COMMUNITY DEVELOPMENT ASSOCIATION OF NEW JERSEY, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 356% operating deficit.

Mission

Dedicated to creating opportunities to transform lives within the City of Patersons Great Falls Neighborhood

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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 (2024)

Revenue Breakdown

Contributions & Grants $575

Program Service Revenue $3,068

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,643

Expense Breakdown

Grants Paid $500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $16,628

Other Expenses $16,128

TOTAL EXPENSES $16,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,643	$16,722	-0.8%
Expenses	$16,628	$9,738	+0.7%
Net Income	$-12,985	$6,984	-2.9%

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
George Serio	President	2.00	Officer Director	$0	$0	$0
Gary Kohles	Treasurer	2.00	Officer Director	$0	$0	$0
Britney Marvel-Serio	Secretary	2.00	Officer 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	$3,643	$16,628	$44,478	$-12,985
2023	$16,722	$9,738	$57,463	$6,984
2022	$68,249	$18,306	$50,929	$49,943

COMMUNITY DEVELOPMENT ASSOCIATION OF NEW JERSEY