Montclair Neighborhood Development Corp FY2023 filing

Montclair, NJ · Public charity (501(c)(3)) · Unclassified

✓ Tax-deductible Latest data FY2023
Revenue
$665K
▼ -13% vs prior year
Spent
$674K
To programs
97%
Net assets
$38K
By yearFY2020–FY2024
Revenue
$665K
FY2023▼ -13%
Revenue by fiscal year
FY2020$708K
FY2021$563K
FY2022$761K
FY2023$665K
FY2024$593K
Expenses
$674K
FY2023▼ -10%
Expenses by fiscal year
FY2020$671K
FY2021$705K
FY2022$752K
FY2023$674K
FY2024$614K
Net assets
$38K
FY2023▼ -20%
Net assets by fiscal year
FY2020$181K
FY2021$38K
FY2022$47K
FY2023$38K
FY2024$16K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2012-05-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. Partners for Health INC
$78K in the latest grant year.
Spent on programs?
97% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -13% vs prior year
Legal name (IRS)Hdr · item CMontclair Neighborhood Development Corp
EINHdr · item D22-1908346
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMontclair, NJ
NTEE classificationIRS BMFUnclassified (Z99)

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.02 Fundraising $0.01
Program services97%$654K
Management & general2%$12K
Fundraising1%$8K
Total functional expensesLn 25$674K

Financial health

Program efficiency
97%
of spending reaches programs
Operating runway
0.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$38K
FY2023▼ -29%
Total assets by fiscal year
FY2020$200K
FY2021$58K
FY2022$53K
FY2023$38K
FY2024$66K
Total liabilities
$0
FY2023▼ -100%
Total liabilities by fiscal year
FY2020$20K
FY2021$20K
FY2022$6K
FY2023$0
FY2024$49K
Revenue less expensesPt I · Ln 19−$9K
Total assetsPt X · Ln 16$38K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Balance Sheet

Part X · end of year
CashLn 1$16K
Total assetsLn 16$38K
Total liabilitiesLn 26$0
Total net assetsLn 32$38K
Months of cash on handcomputed0.3

Statement of Revenue

Part VIII
Contributions & grants100%$665K
— government grantsLn 1e$547K
Total revenueLn 12$665K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16K · Operating expenses/yr $674K
0.3 months
Where the money goes
Program services
Program services $654K · Total expenses $674K
97%
Management & General
Management & general $12K · Total expenses $674K
2%
Fundraising
Fundraising $8K · Total expenses $674K
1%
Cost to raise $1
Fundraising expense (3-yr avg) $7K · Solicited contributions (3-yr avg) $121K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $665K · Total revenue $665K
100%
Government reliance
Government grants $547K · Total revenue $665K
82%
Earned-income share
Program service revenue $0 · Total revenue $665K
0%
Investment reliance
Investment income $0 · Total revenue $665K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $674K
0%
Growth & trend
Revenue growth (YoY)
This year $665K · Prior year $761K
-13%
Net-asset trend (YoY)
End of year $38K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $665K · Expenses $674K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $38K
—
Net-asset ratio
Net assets $38K · Total assets $38K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $38K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Craig Dunn · Reported title EXECUTIVE DIR · Highest reported compensation $69K · Total expenses $674K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $157K · Total expenses $674K
23%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 2%——
Fundraising cost ratio 1%——
Revenue growth -13%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir
$68,850Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair Person
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Craig Dunn$51,300$68,850$68,850

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Empowers and supports disadvantaged individuals, youth, and families to improve their quality of life.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

2 program services account for $654K of program spending, described in the organization's own filed words · FY2023.
01

Winter and Summer Oasis

A tutorial and homework assistance program for at risk students,which runs from November to May at various location in Montclair.

$436Kprogram expense
02

Homeless Prevention Program

To assist families from being homeless.

$218Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$78K

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $593K$614K-11% 990 PDF
FY2023 Viewing $665K$674K-13% 990 PDF
FY2022 $761K$752K+35% 990 PDF
FY2021 $563K$705K-21% 990 PDF
FY2020 $708K$671K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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