Civic Intelligence

Hoboken Relief Fund Inc

EIN 85-0925919 • 501(c)3 • Hoboken, NJ

Profile

Hoboken relief fund is a non-profit corporation and shall be operated as a charitable fund supporting hoboken residents and independent businesses impacted by covid1-19 or other crises operating as tax exempt under section 501(c) (3) of the united states revenue code

218 Jackson Street Apt 1Hoboken, NJ 07030

n/A

Siviq Scores

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

Liabilities / Assets

73rd percentile

0.04x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

74th percentile

0.03x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

77th percentile

23%

Higher net margin than 77% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

87th percentile

50%

Faster asset growth than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

99th percentile

824%

Faster revenue growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$39,657

Up $13,298 (+50%) from 2021

Liabilities

Flat

$1,575

Flat from 2021

Net Assets

Up

$38,082

Up $13,298 (+54%) from 2021

Operations
Liabilities / Revenue74th percentileNet Margin77th percentile

Revenue

Up

$57,798

Up $51,540 (+824%) from 2021

Expenses

Down

$44,500

Down $34,513 (-44%) from 2021

Net Income

Up

$13,298

Up $86,053 (+118%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth87th percentile

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

$100K$50K$0Assets 2020: $98,658Liabilities 2020: $1,119Net Assets 2020: $97,5392020Assets 2021: $26,359Liabilities 2021: $1,575Net Assets 2021: $24,7842021Assets 2022: $39,657Liabilities 2022: $1,575Net Assets 2022: $38,0822022

Highlighted filing

2022

Assets$39,657
Liabilities$1,575
Net Assets$38,082
Open 2022 Filing

Operations Trend

Revenue Growth99th percentile

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

$600K$400K$200K$0-$200KRevenue 2020: $424,562Expenses 2020: $327,023Net Income 2020: $97,5392020Revenue 2021: $6,258Expenses 2021: $79,013Net Income 2021: -$72,7552021Revenue 2022: $57,798Expenses 2022: $44,500Net Income 2022: $13,2982022

Highlighted filing

2022

Revenue$57,798
Expenses$44,500
Net Income$13,298
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$39,657
Liabilities
$1,575
Net assets
$38,082
Revenue
$57,798
Expenses
$44,500
Net income
$13,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.40$0.02$0.38$0.58$0.45$0.13
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.25$0.06$0.79$0.73
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.01$0.98$4.25$3.27$0.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 24, 2023
Return Version
2022v5.0
Gross Receipts
$57,798
Mission and Program Overview

Mission

Hoboken relief fund is a non-profit corporation and shall be operated as a charitable fund supporting hoboken residents and independent businesses impacted by covid1-19 or other crises operating as tax exempt under section 501(c) (3) of the united states revenue code

Provide financial relief to businesses impacted by covid

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$26,359$39,657▲ $13,298
Rtn Earn Endowment Incm Other Fnds$24,784$38,082▲ $13,298
Total Assets$26,359$39,657▲ $13,298
Liabilities
Accounts Payable and Accrued Expenses$1,575$1,575→ $0
Total Liabilities$1,575$1,575→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$24,784$38,082▲ $13,298
Total Liabilities and Net Assets / Fund Balance$26,359$39,657▲ $13,298
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Philip CohenPresident
Jennifer GiattinoVice President
David BistanyTrustee
James RunkleTrustee
Lavon SmithTrustee
Irene PerelloSecretary
Grant SahagTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$57,761
Investment Income
$37
Other Revenue
$0
Change in Net Assets
$13,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$44,500
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$44,500--$44,500
Total Functional Expenses$44,500$0$0$44,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hoboken Relief Fund Inc
EIN
85-0925919
Phone
2017445388
Address
218 JACKSON STREET APT 1, Hoboken, NJ 07030
Doing Business As
Hoboken Relief Fund Inc

Signing Officer

Name
Grant Sahag
Title
Treasurer
Phone
2017445388
Signed
2023-10-24
Discuss with paid preparer
No

Organization Details

Principal Officer
Grant Sahag
Formed
2020
Legal Domicile
Nj
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
H and R Block
Address
746 RTE 34 STE 6, MATAWAN, NJ 07747
Preparer
Mark Sternberg
Phone
8004725625
Supplemental Narrative

Additional Explanations

1

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