Civic Intelligence

St Pauls Community Development Corp

EIN 22-3075855 • 501(c)3 • Paterson, NJ

Profile

serves as an agent of hope, partnering with others to provide need driven services that improve the quality of life and encourage greater self-sufficiency.

456 Van Houten StreetPaterson, NJ 07501

www.stpaulscdcnj.org

Siviq Scores

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

Liabilities / Assets

95th percentile

1.16x

Higher debt load relative to assets than 95% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.53x

Higher debt load relative to revenue than 72% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Net Margin

13th percentile

-23%

Higher net margin than 13% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$80,369

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 5.9% of source-year revenue.

NTEE S • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-19%

Faster asset growth than 11% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

52nd percentile

7.5%

Faster revenue growth than 52% of similar nonprofits.

NTEE S • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$622,941

Down $143,522 (-19%) from 2022

Liabilities

Up

$719,670

Up $166,939 (+30%) from 2022

Net Assets

Down

-$96,729

Down $310,461 (-145%) from 2022

Revenue

Up

$1,361,127

Up $95,530 (+7.5%) from 2022

Expenses

Up

$1,671,588

Up $265,086 (+19%) from 2022

Net Income

Down

-$310,461

Down $169,556 (-120%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2010: $849,549Liabilities 2010: $751,728Net Assets 2010: $97,8212010Assets 2011: $993,921Liabilities 2011: $823,346Net Assets 2011: $170,5752011Assets 2012: $953,118Liabilities 2012: $816,598Net Assets 2012: $136,5202012Assets 2013: $864,009Liabilities 2013: $661,541Net Assets 2013: $202,4682013Assets 2014: $821,612Liabilities 2014: $636,396Net Assets 2014: $185,2162014Assets 2015: $841,228Liabilities 2015: $733,379Net Assets 2015: $107,8492015Assets 2016: $805,939Liabilities 2016: $676,978Net Assets 2016: $128,9612016Assets 2017: $725,704Liabilities 2017: $577,363Net Assets 2017: $148,3412017Assets 2018: $808,285Liabilities 2018: $656,945Net Assets 2018: $151,3402018Assets 2019: $856,572Liabilities 2019: $793,949Net Assets 2019: $62,6232019Assets 2020: $881,326Liabilities 2020: $563,411Net Assets 2020: $317,9152020Assets 2021: $744,430Liabilities 2021: $389,793Net Assets 2021: $354,6372021Assets 2022: $766,463Liabilities 2022: $552,731Net Assets 2022: $213,7322022Assets 2023: $622,941Liabilities 2023: $719,670Net Assets 2023: -$96,7292023

Highlighted filing

2023

Assets$622,941
Liabilities$719,670
Net Assets-$96,729

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,778,6092010Expenses 2011: $2,259,7542011Expenses 2012: $2,249,0132012Revenue 2013: $2,271,029Expenses 2013: $2,205,081Net Income 2013: $65,9482013Revenue 2014: $2,147,392Expenses 2014: $2,164,644Net Income 2014: -$17,2522014Revenue 2015: $2,032,801Expenses 2015: $2,110,168Net Income 2015: -$77,3672015Revenue 2016: $1,911,053Expenses 2016: $1,889,941Net Income 2016: $21,1122016Revenue 2017: $1,876,880Expenses 2017: $1,857,500Net Income 2017: $19,3802017Revenue 2018: $1,844,364Expenses 2018: $1,841,365Net Income 2018: $2,9992018Revenue 2019: $1,883,702Expenses 2019: $1,972,419Net Income 2019: -$88,7172019Revenue 2020: $1,967,972Expenses 2020: $1,712,680Net Income 2020: $255,2922020Revenue 2021: $1,498,223Expenses 2021: $1,461,501Net Income 2021: $36,7222021Revenue 2022: $1,265,597Expenses 2022: $1,406,502Net Income 2022: -$140,9052022Revenue 2023: $1,361,127Expenses 2023: $1,671,588Net Income 2023: -$310,4612023

Highlighted filing

2023

Revenue$1,361,127
Expenses$1,671,588
Net Income-$310,461

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.62$0.72$0.10$1.36$1.67$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.77$0.55$0.21$1.27$1.41$0.14
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.74$0.39$0.35$1.50$1.46$0.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.88$0.56$0.32$1.97$1.71$0.26
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.86$0.79$0.06$1.88$1.97$0.09
2018Summary only. Only limited summary data is available for this year.$0.81$0.66$0.15$1.84$1.84$0.00
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.58$0.15$1.88$1.86$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.81$0.68$0.13$1.91$1.89$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.73$0.11$2.03$2.11$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.64$0.19$2.15$2.16$0.02
2013Detailed filing. Detailed filing data is available for this year.$0.86$0.66$0.20$2.27$2.21$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.82$0.14$2.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.99$0.82$0.17$2.26
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.75$0.10$1.78
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2021 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 1, 2022
Return Version
2021v4.0
Gross Receipts
$1,498,223
Mission and Program Overview

Mission

The Organization serves as an agent of hope, partnering with others to provide need driven services that improve the quality of life and encourage greater self-sufficiency.

TO ALLEVIATE THE CONDITIONS OF HUNGER, POVERTY, ILLITERACY AND UNEMPLOYMENT IN THE CITY OF PATERSON by providing emergency services to those in need and by designing long-term approaches to achieving social and economic improvement at the grassroots level.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$508,348$489,985▼ $18,363
Cash and Non-Interest-Bearing Accounts$166,969$156,274▼ $10,695
Pledges and Grants Receivable$94,962$67,659▼ $27,303
Savings and Temporary Cash Investments$60,321$0▼ $60,321
Accounts Receivable$30,241$10,027▼ $20,214
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$881,326$744,430▼ $136,896
Other Assets Total$20,485$20,485→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$195,679$187,261▼ $8,418
Deferred Revenue$57,539$104,023▲ $46,484
Other Liabilities$264,500$54,215▼ $210,285
Accounts Payable and Accrued Expenses$45,693$44,294▼ $1,399
Total Liabilities$563,411$389,793▼ $173,618
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$317,915$354,637▲ $36,722
Total Net Assets Fund Balance$317,915$354,637▲ $36,722
Total Liabilities and Net Assets / Fund Balance$881,326$744,430▼ $136,896

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$211,482$145,634$357,116
Land$186,536-$186,536
Leasehold Improvements$58,792$114,413$173,205
Equipment$33,175$74,800$107,975
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard C WilliamsExecutive DirectorFT$84,203$84,203

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,370,452
Program Service Revenue
$116,101
Investment Income
$0
Other Revenue
$11,670
All Other Contributions
$525,251
Change in Net Assets
$36,722

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,498,223
Total Revenue per Audited Statements
$1,498,223
Total Revenue per Form 990
$1,498,223
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$908,088
Other Expenses$553,413
Total Fundraising Expense$52,359
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$580,463$31,282$37,440$649,185
Occupancy$213,453$31,775-$245,228
Other Employee Benefits$64,359$30,292$5,586$100,237
Current Officers, Directors, Trustees, and Key Employees$71,572$12,631-$84,203
Payroll Taxes$66,272$4,468$3,723$74,463
Insurance$35,621$5,936$2,283$43,840
All Other Expenses$27,714$5,621$1,886$35,221
Other Expenses$17,829$4,875$28$22,732
Depreciation Depletion$9,193$9,170-$18,363
Fees for Services Accounting-$15,000-$15,000
Fees for Services Other$5,005--$5,005
Travel$4,246$64-$4,310
Interest$3,836$404-$4,240
Total Functional Expenses$1,252,769$156,373$52,359$1,461,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,461,501
Total Expenses per Audited Statements$1,461,501
Total Expenses per Form 990$1,461,501
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$11,670
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable - Ppp$54,215
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

A draft of form 990 is sent to the members of the executive committee for review and comments before it is finalized

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Individuals directly affiliated with st. Paul's community development corporation (cdc) will disclose any relationship or potential relationships that could be construed as posing a conflict of interest relating to services of st. Paul's cdc. This includes the following: officer, member of the executive board, and all employees of st. Paul's cdc. This statement will disclose current & known relationships with the executive director, employees, vendors, professional associations, governmental entities and any other realtionship that might pose a conflict of interest. Compensation received from st. Paul's cdc will be included in that disclosure.disclosure will only relate to the individual, not to any family member or significant other.relationships will be disclosed whether or not there was financial compensation.any potential conflict of interest will be brought verbally or in writing to the president of st. Paul's cdc at such time as the conflict is related to a topic under consideration or vote by the board of directors. This individual must be recused from discussion and eventual vote.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

An ad hoc committee is formed to facilitate hiring of the executive director chaired by the president of the board. This committee also determines the compensation package of the executive director based on historical cost, prevailing rates, qualifications and available comparable data.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The form 990 and auidted financial statements can be viewed by any inquiring party during normal business hours at the organization's office. Hard copies are available upon request. The form 990 is also available on the guidestar website @ www.guidestar.org. Forms are also mailed to all funding agencies upon request or as additional documents for grant proposals.

Filing and Contact Details

Filer

Filer Name
St Pauls Community Development Corp
EIN
22-3075855
Phone
9737103900
Address
456 VAN HOUTEN STREET, PATERSON, NJ 07501

Signing Officer

Name
Richard C Williams
Title
Executive Director
Signed
2022-07-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard C Williams
Formed
1990
Legal Domicile
Nj
Voting Board Members
11
Independent Board Members
11
Employees
48
Volunteers
250

Preparer

Firm
Mcintee Fusaro Del Corral LLC
Address
277 FAIRFIELD RD STE 300, FAIRFIELD, NJ 07004
Preparer
Darren Fusaro
Phone
9738820300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: In 2021, the Emergency Men's Shelter served 68 homeless men, providing 8,810 shelter bed nights and 21,000+ meals. There are currently 30 volunteer groups representing houses of worship and civic organizations that prepare and deliver in-kind meals througout the year. Through the case management process, shelter residents were able to access 3,000+ hours of counseling. OTHER PROGRAM SERVICES 5: In 2021, the SPCDC Housing & Community Development program oversaw the continuation of the Women Living Independently project, a 5 bedroom SRO (Single Resident Occupancy) for formerly homeless women. The Project maintained 100% occupancy over the course of the year. OTHER PROGRAM SERVICES 6: In 2021, the SPCDC Full Service Community Schools Initiative provided extended day/year virtual programming to 1,150+ students. the program worked with students in Pre-Kindergarten through 8th grade from two school sites (i.e. New Roberto Clemente Middle School and School 15). the focus was on increasing student achievement while providing enrichment programming. SPCDC was also able to provide ESL and parenting workshops to school parents. 60 parents participated in ESL classes. 83 students participated in after school programming. Multiple vendor partnerships were established to support overall programming. OTHER PROGRAM SERVICES 7: the spcdc home improvement program has a goal of generating employment opportunities for graduates of spcdc's vocational training programs, specifically, energy efficient building maintenance. In 2021, the spcdc home improvement program trained 7 individuals generating $9,000 in program income.

Financial Statement Notes

Part X : FIN48 Footnote

Income Taxes - The Organization is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and, therefore, has made no provision for federal or state income taxes in the accompanying financial statements. The Organization has been determined by the Internal Revenue Service not to be a private foundation within the meaning of Section 509(a)(l) of the Internal Revenue Code. Other significant tax positions include its determination of whether any amounts are subject to unrelated business income tax (UBIT). Management has determined that the Organization had no activities subject to UBIT in the year ended December 31, 2020. All significant tax positions have been considered by management and it has been determined that all tax positions would be sustained upon examination by taxing authorities. The Organization is required to file form 990 (Return of Organization Exempt from Income Tax), which is subject to examination by the Internal Revenue Service (IRS) up to three years from the extended due date of the tax return. The forms 990 for 2018 through 2020 are open to examination by the IRS as of December 31, 2021.

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IRS990/Form990PartVIISectionAGrp/PersonNm7AMY A IERVOLINO
IRS990/Form990PartVIISectionAGrp/PersonNm8DEAN BLACKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9JEREMY L SABELLA
IRS990/Form990PartVIISectionAGrp/PersonNm10RAISA A LEWIS
IRS990/Form990PartVIISectionAGrp/PersonNm11ANDREW ALT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
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IRS990/MissionDesc0SPCDC serves as an agent of hope, partnering with others to provide need driven services that improve the quality of life and encourage greater self-sufficiency.
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IRS990/ProgSrvcAccomActy2Grp/Desc0In 2021, the Emergency Men's Shelter served 68 homeless men, providing 8,810 shelter bed nights and 21,000+ meals. There are currently 30 volunteer groups representing houses of worship and civic organizations that prepare and deliver in-kind meals througout the year. Through the case management process, shelter residents were able to access 3,000+ hours of counseling.
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IRS990/ProgSrvcAccomActy3Grp/Desc0In 2021, the spcdc americorps program and its members built capacity for future growth and served day to day to accomplish the objectives of the agency. the program hired and placed 18 members who provided 10,275 hours of community service time with spcdc and our non-profit partner agencies. Members who successfully completed their terms of service earned $34,725.90 in education awards.
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