New Jersey Community Development Corporation

Nonprofit profile at a glance

EIN
223282526
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Paterson, NJ, USA
Phone
9734131600
Rating
82
Verdict
STRONG
Rating confidence
Standard
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$19,116,821
Expenses
$15,081,604
Assets
$61,490,730
Liabilities
$25,758,775

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • ROBERT GUARASCI (PRESIDENT & CEO)

Highest reported compensation

  • ROBERT GUARASCI (PRESIDENT & CEO): $287,121 total reported compensation
  • KATHIE MENDEZ (CFO): $200,875 total reported compensation
  • MICHAEL DEBLASIO (CHIEF REAL ESTATE OFFICER): $148,710 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Njcdc serves 4,000 children and families each day through a variety of community development, youth development and educational services largely within parterson's great falls neighborhood.

What it reported doing in 2024

Educational services njcdc provides educational services to more than one thousand young people each day through the operation of a preschool, by founding and supporting the community charter school of paterson, by operating initiatives to promote college readiness, and engaging in partnerships to teach vocational skills. In providing educational services, our objective is to promote student achievement at the same time we offer services to promote individual and family well-being.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 76
  • Accountability: 96
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72%; rating input score 72
  • Program expense ratio: 90.1%; rating input score 90
  • Fundraising efficiency: $35.92 raised per $1 spent on fundraising; rating input score 70; 70th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 93.8%; rating input score 94; 27th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.1%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 4.08; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 4.2%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 23rd percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 7.4% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 72% of revenue deployed · 90.1% of spending went to programs
  • Governance: 15 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $13.6M in reported program spending
  • Leadership: top reported pay $287K · 18 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.1M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.