Civic Intelligence

Foundation for the Local Needy

EIN 85-1485217 • 501(c)3 • Franklin Park, NJ

Pub. 78 Eligible990-N CoverageNTEE P60

Profile

The mission of the Foundation for the Local Needy is to empower individuals and families in our community to overcome economic hardships and rebuild their lives. We are dedicated to providing essential resources, support, and opportunities that address immediate needs and promote long-term self-sufficiency. Through collaboration, compassion, and community engagement, we strive to uplift those in need and create a more equitable and resilient community for all.

38 De Leone CirFranklin Park, NJ 08823

www.foundationforlocalneedy.com

Siviq Scores

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

Liabilities / Assets

98th percentile

1.00x

Higher debt load relative to assets than 98% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.34x

Higher debt load relative to revenue than 92% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Source year 2024

Net Margin

96th percentile

100%

Higher net margin than 96% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Source year 2024

Top Officer Pay

93rd percentile

$0

Higher top officer pay than 93% of similar nonprofits.

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

NTEE P60 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

100th percentile

172267%

Faster revenue growth than 100% of similar nonprofits.

NTEE P60 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Up

$97,083

Up $97,083 from 2023

Liabilities

Up

$97,083

Up $97,083 from 2023

Net Assets

Flat

$0

Flat from 2023

Revenue

Up

$289,577

Up $289,409 (+172267%) from 2023

Expenses

Up

$478

Up $310 (+185%) from 2023

Net Income

Up

$289,099

Up $289,099 from 2023

Trend Graphs

Balance Sheet Trend

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

$100K$50K$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $97,083Liabilities 2024: $97,083Net Assets 2024: $02024

Highlighted filing

2024

Assets$97,083
Liabilities$97,083
Net Assets$0

Operations Trend

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

$300K$200K$100K$0Revenue 2023: $168Expenses 2023: $168Net Income 2023: $02023Revenue 2024: $289,577Expenses 2024: $478Net Income 2024: $289,0992024

Highlighted filing

2024

Revenue$289,577
Expenses$478
Net Income$289,099

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 4, 2025
Return Version
2024v5.0
Gross Receipts
$289,577
Mission and Program Overview

Mission

The mission of the Foundation for the Local Needy is to empower individuals and families in our community to overcome economic hardships and rebuild their lives. We are dedicated to providing essential resources, support, and opportunities that address immediate needs and promote long-term self-sufficiency. Through collaboration, compassion, and community engagement, we strive to uplift those in need and create a more equitable and resilient community for all.

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives. Through a range of services, including food distribution, financial support, and access to educational and employment opportunities, we aim to address both immediate needs and long-term challenges. By fostering a spirit of compassion and collaboration, we strive to uplift our community members, providing them with the tools and support required to overcome their adversities and build a brighter future. Together, we are committed to making a meaningful difference in the lives of our neighbors and ensuring that everyone has the chance to thrive.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$51,618$97,083▲ $45,465
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$51,618$97,083▲ $45,465
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$51,618$97,083▲ $45,465
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$51,618$97,083▲ $45,465
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$0→ $0
Total Liabilities and Net Assets / Fund Balance$51,618$97,083▲ $45,465
Compensation and Service Providers

Board Members and Trustees

NameTitle
Abdelbaki BrahmiaPresident
Abdelhady ElkhogaVice President
Mohamed SaloudeenOffice
Mansoor ThangeOfficer/ Registered Agent
Amanullah AnwariSecertary
Revenue and Support

Revenue Composition

Contributions and Grants
$289,577
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$289,577
Change in Net Assets
$289,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$478
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$0$478$0$478
Total Functional Expenses$0$478$0$478
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
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
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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

Governance Explanations

Part VI, Line 11B

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part VI, Line 19

NO IT DIDN'T.

Part VI, Line 1A

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part VI, Line 8A

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part VI, Line 8B

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Filing and Contact Details

Filer

Filer Name
Foundation for the Local Needy
EIN
85-1485217
Phone
7327359717
Address
38 De Leone Cir, Franklin Park, NJ 08823

Signing Officer

Name
Sana Abouomar
Title
Accountant
Phone
7327359717
Signed
2025-05-04

Organization Details

Principal Officer
Mansoor Thange
Formed
2022
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Part III, Line 4D

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part IX, Line 11G

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part V, Line 3B

Through a range of services, including food distribution, financial support, and access to educational and employment opportunities, we aim to address both immediate needs and long-term challenges. By fostering a spirit of compassion and collaboration, we strive to uplift our community members, providing them with the tools and support required to overcome their adversities and build a brighter future. Together, we are committed to making a meaningful difference in the lives of our neighbors and ensuring that everyone has the chance to thrive.

Part XI, Line 9

The Foundation for the Local Needy is to empower individuals and families in our community to overcome economic hardships and rebuild their lives. We are dedicated to providing essential resources, support, and opportunities that address immediate needs and promote long-term self-sufficiency. Through collaboration, compassion, and community engagement, we strive to uplift those in need and create a more equitable and resilient community for all.

Part XII, Line 1

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part XII, Line 2C

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

Part XII, Line 3B

The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.

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IRS990/MissionDesc0The mission of the Foundation for the Local Needy is to empower individuals and families in our community to overcome economic hardships and rebuild their lives. We are dedicated to providing essential resources, support, and opportunities that address immediate needs and promote long-term self-sufficiency. Through collaboration, compassion, and community engagement, we strive to uplift those in need and create a more equitable and resilient community for all.
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IRS990/ProgSrvcAccomActy2Grp/Desc0The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.
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IRS990/ProgSrvcAccomActy3Grp/Desc0The Foundation for the Local Needy is a dedicated nonprofit organization committed to supporting individuals and families in our community facing economic hardships and challenging circumstances. Our mission is to provide essential resources and assistance to those in need, helping them navigate through difficult times and empowering them to regain stability in their lives.
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