Civic Intelligence

Forty Two State Street Inc

EIN 52-1792593 • 501(c)3 • Belleville, NJ

Profile

Group home for the handicapped.

7 Sanford AvenueBelleville, NJ 07109-1221

n/A

Siviq Scores

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

Liabilities / Assets

86th percentile

0.32x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

1.88x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

10th percentile

-90%

Higher net margin than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

30th percentile

-23%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

64th percentile

11%

Faster revenue growth than 64% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$305,427

Down $90,106 (-23%) from 2024

Liabilities

Down

$97,578

Down $43,490 (-31%) from 2024

Net Assets

Down

$207,849

Down $46,616 (-18%) from 2024

Revenue

Up

$51,879

Up $4,963 (+11%) from 2024

Expenses

Up

$98,495

Up $33,452 (+51%) from 2024

Net Income

Down

-$46,616

Down $28,489 (-157%) from 2024

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2011: $398,828Liabilities 2011: $8,1572011Assets 2012: $384,393Liabilities 2012: $14,512Net Assets 2012: $369,8812012Assets 2013: $400,926Liabilities 2013: $22,587Net Assets 2013: $378,3392013Assets 2014: $394,755Liabilities 2014: $28,703Net Assets 2014: $366,0522014Assets 2015: $385,242Liabilities 2015: $44,216Net Assets 2015: $341,0262015Assets 2016: $376,700Liabilities 2016: $40,109Net Assets 2016: $336,5912016Assets 2017: $377,859Liabilities 2017: $37,506Net Assets 2017: $340,3532017Assets 2018: $364,413Liabilities 2018: $34,351Net Assets 2018: $330,0622018Assets 2019: $368,922Liabilities 2019: $49,236Net Assets 2019: $319,6862019Assets 2020: $396,937Liabilities 2020: $77,178Net Assets 2020: $319,7592020Assets 2021: $357,152Liabilities 2021: $56,626Net Assets 2021: $300,5262021Assets 2022: $377,867Liabilities 2022: $103,249Net Assets 2022: $274,6182022Assets 2023: $366,456Liabilities 2023: $93,864Net Assets 2023: $272,5922023Assets 2024: $395,533Liabilities 2024: $141,068Net Assets 2024: $254,4652024Assets 2025: $305,427Liabilities 2025: $97,578Net Assets 2025: $207,8492025

Highlighted filing

2025

Assets$305,427
Liabilities$97,578
Net Assets$207,849

Operations Trend

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

$100K$50K$0-$50KRevenue 2011: $24,356Expenses 2011: $38,729Net Income 2011: -$14,3732011Revenue 2012: $24,196Expenses 2012: $44,986Net Income 2012: -$20,7902012Revenue 2013: $38,152Expenses 2013: $29,694Net Income 2013: $8,4582013Revenue 2014: $27,578Expenses 2014: $39,865Net Income 2014: -$12,2872014Revenue 2015: $47,603Expenses 2015: $72,629Net Income 2015: -$25,0262015Revenue 2016: $47,326Expenses 2016: $51,760Net Income 2016: -$4,4342016Revenue 2017: $46,980Expenses 2017: $43,219Net Income 2017: $3,7612017Revenue 2018: $42,443Expenses 2018: $52,734Net Income 2018: -$10,2912018Revenue 2019: $40,115Expenses 2019: $50,491Net Income 2019: -$10,3762019Revenue 2020: $45,606Expenses 2020: $45,532Net Income 2020: $742020Revenue 2021: $34,638Expenses 2021: $53,871Net Income 2021: -$19,2332021Revenue 2022: $37,761Expenses 2022: $63,670Net Income 2022: -$25,9092022Revenue 2023: $46,949Expenses 2023: $48,975Net Income 2023: -$2,0262023Revenue 2024: $46,916Expenses 2024: $65,043Net Income 2024: -$18,1272024Revenue 2025: $51,879Expenses 2025: $98,495Net Income 2025: -$46,6162025

Highlighted filing

2025

Revenue$51,879
Expenses$98,495
Net Income-$46,616

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.05$0.98$2.08$0.52$0.98$0.47
2024Detailed filing. Detailed filing data is available for this year.$3.96$1.41$2.54$0.47$0.65$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.66$0.94$2.73$0.47$0.49$0.02
2022Detailed filing. Detailed filing data is available for this year.$3.78$1.03$2.75$0.38$0.64$0.26
2021Detailed filing. Detailed filing data is available for this year.$3.57$0.57$3.01$0.35$0.54$0.19
2020Detailed filing. Detailed filing data is available for this year.$3.97$0.77$3.20$0.46$0.46$0.00
2019Detailed filing. Detailed filing data is available for this year.$3.69$0.49$3.20$0.40$0.50$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.64$0.34$3.30$0.42$0.53$0.10
2017Detailed filing. Detailed filing data is available for this year.$3.78$0.38$3.40$0.47$0.43$0.04
2016Detailed filing. Detailed filing data is available for this year.$3.77$0.40$3.37$0.47$0.52$0.04
2015Detailed filing. Detailed filing data is available for this year.$3.85$0.44$3.41$0.48$0.73$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.95$0.29$3.66$0.28$0.40$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.01$0.23$3.78$0.38$0.30$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$0.15$3.70$0.24$0.45$0.21
2011Summary only. Only limited summary data is available for this year.$3.99$0.08$0.24$0.39$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$51,879
Mission and Program Overview

Mission

Group home for the handicapped

Program Services

DescriptionGrantsExpenses
GROUP HOME FOR THE HANDICAPPED$0$98,496
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHELE RUSSOMANNOPresident-$0--
MATTHEW O'CONNELLVice President-$0--
SALVATORE COCCO JRTreasurer-$0--
FRANK COSTENBADERBoard Member-$0--
BARBARA HIRSCHBoard Member-$0--
JAMES HORTON IVBoard Member-$0--
PATRICK COLLIGANExecutive Director-$0--
KEITH RYGIELAssociate Directors-$0--
Filing and Contact Details

Filer

Filer Name
Forty Two State Street Inc
EIN
52-1792593
Phone
9737510200
Address
7 SANFORD AVENUE, BELLEVILLE, NJ 07109-1221

Signing Officer

Name
MATTHEW O'CONNELL
Title
Vice President
Phone
9737510200
Signed
2025-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Geltrude & Co LLC
Address
513 FRANKLIN AVE, NUTLEY, NJ 07110
Preparer
Michael Carlon
Phone
9736679100
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest income. Amount: 21.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: bad debt. Amount: 5,058.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 9,328.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: management fee. Amount: 3,888. Description: manager or superintendent sal.. Amount: 10,563. Description: accounting fees. Amount: 7,000. Description: utilities. Amount: 7,831. Description: snow removal. Amount: 2,511. Description: insurance. Amount: 7,244. Description: misc admin expenses. Amount: 914. Description: security service contract. Amount: 950. Total to form 990-ez, line 16: 40,901.

Form 990-ez, Part II, Line 24 - Other Assets

Description: reserve for replacement. Beg. Of year amount: 26,248. End of year amount: 28,053. Description: tenant security deposits. Beg. Of year amount: 2,044. End of year amount: 2,044. Description: residual receipts reserve. Beg. Of year amount: 103,443. End of year amount: 71,039. Description: tenant account receivable. Beg. Of year amount: 51,792. End of year amount: 3,387. Description: escrow- minimum capital investment. Beg. Of year amount: 2,686. End of year amount: 2,687.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 139,024. End of year amount: 95,534. Description: tenant security deposits. Beg. Of year amount: 2,044. End of year amount: 2,044.

Raw XML Appendix187 raw XML fields

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

Path#Value
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHELE RUSSOMANNO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MATTHEW O'CONNELL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST INCOME. AMOUNT: 21.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: BAD DEBT. AMOUNT: 5,058.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 9,328.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: MANAGEMENT FEE. AMOUNT: 3,888. DESCRIPTION: MANAGER OR SUPERINTENDENT SAL.. AMOUNT: 10,563. DESCRIPTION: ACCOUNTING FEES. AMOUNT: 7,000. DESCRIPTION: UTILITIES. AMOUNT: 7,831. DESCRIPTION: SNOW REMOVAL. AMOUNT: 2,511. DESCRIPTION: INSURANCE. AMOUNT: 7,244. DESCRIPTION: MISC ADMIN EXPENSES. AMOUNT: 914. DESCRIPTION: SECURITY SERVICE CONTRACT. AMOUNT: 950. TOTAL TO FORM 990-EZ, LINE 16: 40,901.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: RESERVE FOR REPLACEMENT. BEG. OF YEAR AMOUNT: 26,248. END OF YEAR AMOUNT: 28,053. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 2,044. END OF YEAR AMOUNT: 2,044. DESCRIPTION: RESIDUAL RECEIPTS RESERVE. BEG. OF YEAR AMOUNT: 103,443. END OF YEAR AMOUNT: 71,039. DESCRIPTION: TENANT ACCOUNT RECEIVABLE. BEG. OF YEAR AMOUNT: 51,792. END OF YEAR AMOUNT: 3,387. DESCRIPTION: ESCROW- MINIMUM CAPITAL INVESTMENT. BEG. OF YEAR AMOUNT: 2,686. END OF YEAR AMOUNT: 2,687.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 139,024. END OF YEAR AMOUNT: 95,534. DESCRIPTION: TENANT SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 2,044. END OF YEAR AMOUNT: 2,044.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 8 - OTHER REVENUE
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATTHEW O'CONNELL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09737510200
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FORTY TWO STATE STREET INC
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O 1ST CEREBRAL PALSY OF NEW JERS
ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0521792593
ReturnHeader/Filer/PhoneNum09737510200
ReturnHeader/Filer/USAddress/AddressLine1Txt07 SANFORD AVENUE
ReturnHeader/Filer/USAddress/CityNm0BELLEVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd0071091221
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223363665
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GELTRUDE & CO LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0513 FRANKLIN AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NUTLEY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd007110
ReturnHeader/PreparerPersonGrp/PhoneNum09736679100
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL CARLON
ReturnHeader/ReturnTs02025-11-11T10:49:21-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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