NEXUS JAMAICA NY QALICB INC

EIN: 872037628 501(c)(3) Philanthropy & Grantmaking

JAMAICA, NY

Total Revenue
$136,500
Total Expenses
$634,481
Total Assets
$12,005,530
Net Assets
$-247,970
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
JUSTIN RODGERS
Phone
2128016819
Tax Period
2023-01-01 to 2023-12-31

NEXUS JAMAICA NY QALICB INC, founded in 2021, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $136K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $634K exceeded revenue, resulting in a 365% operating deficit.

Mission

TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOT FOR PROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING, PROMPTING, COORDINATING, AND ADVANCING RESPONSIBLE DEVELOPMENT TO REVITALIZE JAMAICA AND STRENGTHEN THE REGION.

Program Service Accomplishments

Program 1
Expenses: $634,481 Revenue: $136,500

TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOTFORPROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING...

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TO ENABLE ITS SUPPORTED PUBLIC CHARITABLE ORGANIZATION, GREATER JAMAICA DEVELOPMENT CORPORATION, A NEW YORK NOTFORPROFIT CORPORATION (GJDC), TO BETTER ACCOMPLISH ITS CHARITABLE MISSION OF PLANNING, PROMPTING, COORDINATING, AND ADVANCING RESPONSIBLE DEVELOPMENT TO REVITALIZE JAMAICA AND STRENGTHEN THE REGION.

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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 $136,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $136,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $634,481
Other Expenses $634,481
TOTAL EXPENSES $634,481

Year-over-Year Comparison

2023 2022 Change
Revenue $136,500 $79,625 +0.7%
Expenses $634,481 $200,100 +2.2%
Net Income $-497,981 $-120,475 +3.1%
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
5
Independent Members
3
Employees
N/A
Volunteers
3

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
2
$567,803
Total Directors
5
$567,803
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUSTIN K RODGERS PRESIDENT 1.00
Officer Director
$0 $51,290 $342,485
TODD S BENENSON TREASURER 1.00
Officer Director
$0 $38,167 $225,318
LAMONT R BAILEY DIRECTOR 1.00
Director
$0 $0 $0
LUCA IANDOLI DIRECTOR 1.00
Director
$0 $0 $0
EARL SIMONS DIRECTOR 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 No data No data No data No data
2023 $136,500 $634,481 $12,005,530 $-497,981
2022 $79,625 $200,100 $13,218,769 $-120,475
2021 $421,361 $50,875 $14,292,792 $370,486
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