Charity Search / ST PAULS COMMUNITY DEVELOPMENT CORPORATION
Community Improvement (S80Z) IRS Verified DX Registered 990 on File

ST PAULS COMMUNITY DEVELOPMENT CORPORATION

EIN: 22-3075855 · PATERSON, NJ 07501-2118 · United States · FY 2024 Data
3 out of 5 55 / 100 Based on 2+ years of filings
Financial strength (30%) 69/100
Reliability (20%) 55/100
Effectiveness (25%) 93/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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CharityAI™ Score
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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
$1.6M
Total Revenue
$1.6M
Total Expenses
$-118,736
Net Assets
18
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 76.8%
Fundraising Efficiency N/A
Operating Reserve -0.88x
Liability-to-Asset 117.4%
Revenue Diversification 95.2%
Executive Compensation $87K
Compared with Peers
FY 2024
Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
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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Organization Details
EIN
22-3075855
State
NJ
City
PATERSON
ZIP
07501-2118
Classification
S80Z
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1990
Foundation Code
15
Form 990
On File
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