New Jersey Financial Service Centers
- Assets
- $30.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clifton, NJ
- Founding
- 07/1988
- Data as of
- 12/2023
- EIN
- 22-2283659
Organization Overview
New Jersey Financial Service Centers is located in Clifton, NJ. The organization was established in 1988. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Financial Service Centers is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, New Jersey Financial Service Centers generated $198.6k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $198.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
IN MANY AREAS UNDER-SERVED BY TRADITIONAL BANKS, CHECK CASHIERS HAVE BECOME THE PRIMARY SOURCE OF FINANCIAL SERVICES AND PRODUCTS IN THE NEIGHBORHOODS THAT THEY SERVE. OVER THE YEARS, CHECK CASHIERS HAVE BROADENED THEIR SERVICES TO INCLUDE A WIDE ARRAY OF OTHER FINANCIAL SERVICES. IN ADDITION TO CHECK CASHING, CUSTOMERS NOW UTILIZE NJFSC MEMBERS FOR: MONEY ORDERS, ELECTRONIC BILL PAYMENTS, ELECTRONIC FUND TRANSFERSM AUTOMATIC TELLER MACHINE ACCESS, GOVERNMENT BENEFIT AND PAYROLL PAYMENTS, TAX PREPARATION, PREPAID DEBIT CARDS, PUBLIC TRANSPORTATION TICKETS, NEW JERSEY LOTTERY TICKETS, STAMP SALES, AND NUMEROUS OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Klien Chairman | 2 | $0 | |
Josel Fernandez III Vice President | 2 | $0 | |
Charles K Green Vice President | 2 | $0 | |
Alan Udell Treasurer | 2 | $0 | |
Arthur Roth Secretary | 2 | $0 | |
Michael J Avallone Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $198,640 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,640 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,500 |
| Professional fees and other payments to independent contractors | $84,908 |
| Occupancy, rent, utilities, and maintenance | $1,500 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,754 |
| Total expenses | $198,662 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,161 |
| Other assets | $0 |
| Total assets | $30,161 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,161 |