Civic Intelligence

The Areo Fund Inc Fka the Hudson County Green Fund Inc

EIN 22-2981634 • 501(c)3 • Jersey City, NJ

Profile

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.

C/O Hcia 830 Bergen Ave 9th FLJersey City, NJ 07306

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

53rd percentile

8.2%

Higher net margin than 53% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2024

Top Officer Pay

84th percentile

$0

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE P20 • <$500k nonprofits • Source year 2024

Asset Growth

56th percentile

5.4%

Faster asset growth than 56% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

37th percentile

-12%

Faster revenue growth than 37% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$143,000

Up $7,266 (+5.4%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$143,000

Up $7,266 (+5.4%) from 2023

Revenue

Down

$88,093

Down $11,943 (-12%) from 2023

Expenses

Down

$80,827

Down $18,953 (-19%) from 2023

Net Income

Up

$7,266

Up $7,010 (+2738%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2011: $26,591Net Assets 2011: $26,5912011Assets 2012: $17,656Net Assets 2012: $17,6562012Assets 2013: $18,904Liabilities 2013: $0Net Assets 2013: $18,9042013Assets 2014: $24,320Liabilities 2014: $0Net Assets 2014: $24,3202014Assets 2015: $18,605Liabilities 2015: $0Net Assets 2015: $18,6052015Assets 2016: $70,634Liabilities 2016: $0Net Assets 2016: $70,6342016Assets 2017: $72,356Liabilities 2017: $0Net Assets 2017: $72,3562017Assets 2018: $77,029Liabilities 2018: $0Net Assets 2018: $77,0292018Assets 2019: $76,414Liabilities 2019: $0Net Assets 2019: $76,4142019Assets 2020: $84,771Liabilities 2020: $0Net Assets 2020: $84,7712020Assets 2021: $119,933Net Assets 2021: $119,9332021Assets 2022: $135,478Net Assets 2022: $135,4782022Assets 2023: $135,734Net Assets 2023: $135,7342023Assets 2024: $143,000Net Assets 2024: $143,0002024

Highlighted filing

2024

Assets$143,000
Liabilities-
Net Assets$143,000

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0-$50KRevenue 2011: $655Expenses 2011: $3,642Net Income 2011: -$2,9872011Revenue 2012: -$6,608Expenses 2012: $2,327Net Income 2012: -$8,9352012Revenue 2013: $3,911Expenses 2013: $2,663Net Income 2013: $1,2482013Revenue 2014: $12,134Expenses 2014: $6,718Net Income 2014: $5,4162014Revenue 2015: $21,109Expenses 2015: $26,824Net Income 2015: -$5,7152015Revenue 2016: $148,581Expenses 2016: $96,552Net Income 2016: $52,0292016Revenue 2017: $111,091Expenses 2017: $109,369Net Income 2017: $1,7222017Revenue 2018: $91,913Expenses 2018: $87,240Net Income 2018: $4,6732018Revenue 2019: $91,186Expenses 2019: $91,801Net Income 2019: -$6152019Revenue 2020: $19,181Expenses 2020: $10,824Net Income 2020: $8,3572020Revenue 2021: $38,955Expenses 2021: $4,192Net Income 2021: $34,7632021Revenue 2022: $183,564Expenses 2022: $168,019Net Income 2022: $15,5452022Revenue 2023: $100,036Expenses 2023: $99,780Net Income 2023: $2562023Revenue 2024: $88,093Expenses 2024: $80,827Net Income 2024: $7,2662024

Highlighted filing

2024

Revenue$88,093
Expenses$80,827
Net Income$7,266

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$1.43$0.88$0.81$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.36$1.36$1.00$1.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.35$1.35$1.84$1.68$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.20$1.20$0.39$0.04$0.35
2020Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$0.19$0.11$0.08
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.91$0.92$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.77$0.00$0.77$0.92$0.87$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$1.11$1.09$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$1.49$0.97$0.52
2015Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.21$0.27$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.12$0.07$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.19$0.00$0.19$0.04$0.03$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.18$0.07$0.02$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.27$0.01$0.04$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 25, 2025
Return Version
2024v5.2
Gross Receipts
$88,093
Mission and Program 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 recreation 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 improve and rejuvenate the environment and public facilities. To expand and encourage economic opportunities for women, minorities and the disadvatanged.

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.

Program Services

DescriptionGrantsExpenses
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.-$77,188
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
NORMAN GUERRAChairperson-$0--
JODI DRENNANV.Chairperson-$0--
KAROLINA FRAZEESecretary-$0--
JUDY TUTELATreasurer-$0--
MICHAEL O'CONNORTrustee-$0--
MICHAEL GUERRATrustee-$0--
DAVID DRUMELERTrustee-$0--
Filing and Contact Details

Filer

Filer Name
The Areo Fund Inc
EIN
22-2981634
Phone
2013246222
Address
C/O HCIA 830 BERGEN AVE 9TH FL, JERSEY CITY, NJ 07306

Signing Officer

Name
Norman Guerra
Title
Chairperson
Signed
2025-08-25
Discuss with paid preparer
Yes

Preparer

Firm
Donohue Gironda & Doria
Address
310 Broadway, Bayonne, NJ 07002
Preparer
Robert Doria CPA
Phone
2014379000
Supplemental Narrative

Additional Explanations

Other Expenses.1012

Insurance $2273

Other Expenses.1

Resource fair / food summit $25290

Other Expenses.2

EARTH DAY $25268

Other Expenses.3

Community summer basketball $15000

Other Expenses.4

Breakfast of champions $10130

Other Expenses.5

STRIDE AND RIDE $1500

Other Expenses.6

LICENSES & FEES $87

Other Expenses.7

BACKUP WITHHOLDING $4

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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