The Areo Fund Inc Fka the Hudson County Green Fund Inc

Nonprofit profile at a glance

EIN
222981634
IRS 990-EZ coverage
2011–2025
Forms available
Form 990-EZ 2025, Form 990-N 2009
Location
Jersey City, NJ, USA
Phone
2013246222
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$73,436
Expenses
$58,331
Assets
$158,105

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

People named in this filing

  • NORMAN GUERRA (CHAIRPERSON)
  • JODI DRENNAN (V.CHAIRPERSON)
  • KAROLINA FRAZEE (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster the development in the community of an appreciation of the arts, by promoting and producing, and causing to be produced, artist's productions and entertainments, and by taking part in activities having that end in view. To establish, equip, maintain, and operate activities for citizens: to encourage the organization and establishment of parks and recreation opportunities by municipal, county and other public authorities: and to stimulate the interest of the public in the extension of the park and recreational movement; to raise funds for the construction and equipping of parks and recreation facilities to supplement municipal and county facilities; and to encourage the acquisition and expansion of open space throughout hudson county. To work to inprove and rejuvenate the environment and public facilities. To expand and encourage economic opportunities for women, minorities and the disadvantaged.

What it reported doing in 2025

Program service accomplishments: public parks - the entity was organized to establish, improve and rejuvenate the environment and public facilities; to establish, equip, and maintain activities for the citizens, inclusive of parks and recreation facilities throughout hudson county. The organization facilitates various programs including earth day, movies and music in the park, stride & ride and the farmers market.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 100
  • Sustainability: 62
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.1%; rating input score 78
  • Program expense ratio: 98.4%; rating input score 98

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 20.6%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 2.71; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 13.4% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 11.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 13.8% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 78.1% of revenue deployed · 98.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $57K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 15 filing years from 2011 to 2025
  • Contacts: How to reach this organization
  • 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.

  • Review — Sustainability: Officer compensation ratio scored 56/100.