ST PAULS COMMUNITY DEVELOPMENT CORPORATION
Mission Statement
The mission of St. Paul's Community Development Corporation is to serve as an agent of hope, partnering with others to provide need driven services that improve the quality of life and encourage greater self-sufficiency. SPCDC collaborates with others to provide these programs and services, which are driven by community needs. Partnership is an essential part of the agency's strategy in accomplishing its mission, evidenced by strong alliances with other community, religious and public/private sector organizations. Developing a broad base of funding support and program revenue is foundational to SPCDC's structure, as it seeks to provide a continuum of care that focuses on guiding individuals toward greater self-sufficiency. SPCDC's human services programs also include our AmeriCorps Program and the 5th Ward Neighborhood Redevelopment Project. SPCDC programs respond to the needs of the community by providing comprehensive, supportive, social services that can break the cycle of homelessness and move an individual from shelter to transitional housing, to employment and a permanent home. These human services are staff-driven and are administered on and off-site. Case managers, mentors, teachers, and social workers assist our participants with improving the quality of life for families and individuals through stability and education. Participants are assisted in identifying and prioritizing their needs, in strengthening their ability to constructively resolve their problems and develop a plan to prevent the recurrence of said problems. SPCDC is supported by a dedicated full-time staff of 20 to 25 persons, including a leadership team comprised of the Executive Director and Director of Finance. In addition, there are 4 to 6 part-time employees and 25 AmeriCorps Members (annually) who support our work. SPCDC has had a long-term commitment to the greater Paterson and Passaic County community and will continue that commitment as long as we are able.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
76.8% | 85.2% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
20.1% | 11.8% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.1% | 0.1% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
-0.9 mo | 9.7 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
117.4% | 21.0% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
95.2% | 90.7% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
16.9% | 8.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-3.5% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-1.4% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.6M | $1.6M | $-118,736 | 76.8% | 18 |
| 2023 | $1.4M | $1.7M | $-96,729 | 77.4% | 36 |
| 2022 | $1.3M | $1.4M | $214K | 86.0% | 36 |
| 2021 | $1.5M | $1.5M | N/A | — | 48 |
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