Civic Intelligence

The Waterfront Project Inc

EIN 46-2360340 • 501(c)3 • Jersey City, NJ

Profile

Wfp is dedicated to assisting hudson county's economically disadvantaged people by providing information, advise and pro bono legal representation to address their civil legal issues and concerns.

830 Bergen Avenue 4AJersey City, NJ 07306

www.thewaterfrontproject.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.21x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

51st percentile

0.08x

Higher debt load relative to revenue than 51% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

52nd percentile

5.4%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

74th percentile

16%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Revenue Growth

87th percentile

57%

Faster revenue growth than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2023

Assets

Down

$797,281

Down $22,726 (-2.8%) from 2023

Liabilities

Up

$328,710

Up $153,604 (+88%) from 2023

Net Assets

Down

$468,571

Down $176,330 (-27%) from 2023

Revenue

Up

$2,926,811

Up $793,507 (+37%) from 2023

Expenses

Up

$3,103,141

Up $1,085,510 (+54%) from 2023

Net Income

Down

-$176,330

Down $292,003 (-252%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2014: $8,857Liabilities 2014: $0Net Assets 2014: $8,8572014Assets 2015: $19,306Liabilities 2015: $0Net Assets 2015: $19,3062015Assets 2016: $19,810Net Assets 2016: $19,8102016Assets 2017: $40,619Liabilities 2017: $0Net Assets 2017: $40,6192017Assets 2019: $101,565Liabilities 2019: $0Net Assets 2019: $101,5652019Assets 2020: $166,435Liabilities 2020: $0Net Assets 2020: $166,4352020Assets 2021: $608,238Liabilities 2021: $90,556Net Assets 2021: $517,6822021Assets 2023: $820,007Liabilities 2023: $175,106Net Assets 2023: $644,9012023Assets 2024: $797,281Liabilities 2024: $328,710Net Assets 2024: $468,5712024

Highlighted filing

2024

Assets$797,281
Liabilities$328,710
Net Assets$468,571

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $77,060Expenses 2014: $73,887Net Income 2014: $3,1732014Revenue 2015: $90,696Expenses 2015: $80,247Net Income 2015: $10,4492015Revenue 2016: $104,177Expenses 2016: $103,721Net Income 2016: $4562016Revenue 2017: $265,672Expenses 2017: $244,863Net Income 2017: $20,8092017Revenue 2019: $368,282Expenses 2019: $323,782Net Income 2019: $44,5002019Revenue 2020: $471,784Expenses 2020: $406,914Net Income 2020: $64,8702020Revenue 2021: $862,392Expenses 2021: $511,145Net Income 2021: $351,2472021Revenue 2023: $2,133,304Expenses 2023: $2,017,631Net Income 2023: $115,6732023Revenue 2024: $2,926,811Expenses 2024: $3,103,141Net Income 2024: -$176,3302024

Highlighted filing

2024

Revenue$2,926,811
Expenses$3,103,141
Net Income-$176,330

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Mar 31, 2025
Return Version
2023v6.0
Gross Receipts
$2,941,289
Mission and Program Overview

Mission

WFP is dedicated to assisting Hudson Countys economically disadvantaged people the working poor, seniors, veterans, and those living with disabilities by providing information, advice, and pro bono legal representation to address their civil legal issues and concerns.

Our mission is to prevent homelessness, preserve affordable housing, and promote neighborhood stability - one family, one home, one future at a time.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$638,913$587,555▼ $51,358
Savings and Temporary Cash Investments$168,368$177,979▲ $9,611
Loans From Officers Directors$97,845$78,541▼ $19,304
Cash and Non-Interest-Bearing Accounts$4,349$9,027▲ $4,678
Prepaid Expenses and Deferred Charges$8,377$8,185▼ $192
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Total Assets$820,007$797,281▼ $22,726
Other Assets Total$0$14,535▲ $14,535
Liabilities
Deferred Revenue$0$117,604▲ $117,604
Accounts Payable and Accrued Expenses$70,835$114,475▲ $43,640
Other Liabilities$0$14,509▲ $14,509
Mortgage Notes Payable Secured by Investment Property$6,426$3,581▼ $2,845
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$175,106$328,710▲ $153,604
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$644,901$443,571▼ $201,330
Net Assets With Donor Restrictions$0$25,000▲ $25,000
Total Net Assets Fund Balance$644,901$468,571▼ $176,330
Total Liabilities and Net Assets / Fund Balance$820,007$797,281▼ $22,726
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carol SainthilaireExecutive DirectorFT$86,275$9,979$96,254

Board Members and Trustees

NameTitle
Isabel ChouBoard Chair
Francesca LarsonVice Chair
Lucas SwanepoelBoard Secretary
Erin LawTrustee
Katherine BrennanTrustee
Paula NevosoTrustee
RACHAEL D'SILVATrustee
Ryan PenneTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$2,926,148
Program Service Revenue
$0
Investment Income
$153
Other Revenue
$510
All Other Contributions
$178,521
Change in Net Assets
$-176,330

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,926,811
Revenue Not Reported on Form 990
$87,583
Total Revenue per Audited Statements
$3,014,394
Total Revenue per Form 990
$2,926,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,173,396
Grants and Similar Amounts Paid$566,817
Other Expenses$362,928
Total Fundraising Expense$37,096
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,630,046$58,678$11,613$1,700,337
Grants to Domestic Individuals$566,817--$566,817
Payroll Taxes$183,361$7,465$147$190,973
Current Officers, Directors, Trustees, and Key Employees$134,567$4,892$893$140,352
Other Employee Benefits$118,132$4,810$95$123,037
Fees for Services Other$17,542$91,221-$108,763
Office Expenses$76,945$2,894$548$80,387
Information Technology-$49,318-$49,318
Fees for Services Accounting-$43,440-$43,440
Other Expenses-$32,661-$32,661
Advertising--$23,765$23,765
Pension Plan Contributions$17,950$731$16$18,697
Fees for Services Legal$9,126--$9,126
Depreciation Depletion$4,845--$4,845
Travel$3,603--$3,603
Occupancy$2,678$96$19$2,793
Interest-$2,233-$2,233
Conferences and Meetings-$1,994-$1,994
Total Functional Expenses$2,765,612$300,433$37,096$3,103,141

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,190,724
Expenses per Audited Statements$3,103,141
Total Expenses per Form 990$3,103,141
Expenses Not Reported on Form 990$87,583
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$14,478
Fundraising Gross Income$14,478
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Justice for All$57,356$14,478$14,478$0
Total Events$57,356$14,478$14,478-
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
Loans from Officers, Directors, Trustees, and Key Employees$97,845$78,541▼ $19,304
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability, Financing$14,509
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, SECTION C, LINE 19:

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

FORM 990, PART VI, SECTION B, LINE 11B:

The form 990 is prepared by an outside accounting firm. The draft 990 is then reviewed by the finance committee prior to submission to the board for their review and approval. Upon approval by the board the form 990 is submitted to the irs.

FORM 990, PART VI, SECTION B, LINE 12C:

All staff and board members are required to review and sign a conflict of interest statement. They are required to notify management of any conflicts that arise. The policy is reviewed and new forms are signed every two years.

Form 990 Part VI, Section B, Line 15

Process for determining compensation annual budgets that include any salaries are prepared by management and are approved annually by the board. As part of the authorization process for management employees, comparisons are made with other like sized not for profit organizations as well as review of salary surveys.

Filing and Contact Details

Filer

Filer Name
The Waterfront Project Inc
EIN
46-2360340
In Care Of
% ISABEL CHOU
Phone
5512567578
Address
830 Bergen Avenue 4A, Jersey City, NJ 07306

Signing Officer

Name
Isabel Chou
Title
Board Chair
Phone
5512567578
Signed
2025-03-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Isabel Chou
Formed
2013
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
38
Volunteers
10

Preparer

Firm
WithumSmithBrown PC
Address
ONE TOWER CENTER BLVD 14TH FL, EAST BRUNSWICK, NJ 08816
Preparer
Brad Caruso
Phone
7328281614
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 1

The organization changed its basis of accounting from cash to accrual basis to match its basis of accounting as presented in its annual audited financial statements. This adjustment had no impact on the prior year reported 990 amounts as they were reported on an accrual basis.

Financial Statement Notes

PART X, LINE 2:

The organization is exempt from federal income tax under section 501(c)(3) of the united states internal revenue code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The organization has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at june 30, 2024. The organization did not recognize any tax-related interest or penalties during the period presented in these financial statements.

PARTS XI and XII, LINE 2D:

Special event expense of $14,478.

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IRS990/MissionDesc0WFP IS DEDICATED TO ASSISTING HUDSON COUNTY'S ECONOMICALLY DISADVANTAGED PEOPLE BY PROVIDING INFORMATION, ADVISE AND PRO BONO LEGAL REPRESENTATION TO ADDRESS THEIR CIVIL LEGAL ISSUES AND CONCERNS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Foreclosure Prevention - Our Foreclosure Prevention Program offers crucial support to those facing the devastating possibility of losing their homes due to financial hardship. In the past year, The Waterfront Project has provided comprehensive foreclosure counseling to numerous homeowners, empowering them to navigate the complexities of foreclosure prevention. Through our dedicated efforts, we have helped countless families avoid foreclosure and maintain their homes, fostering stability and security within our community.
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