NEWARK HOUSING AUTHORITY SCHOLARSHIP FOUNDATION Charity Report

Tax-exempt status may be revoked

NEWARK HOUSING AUTHORITY SCHOLARSHIP FOUNDATION

EIN 52-1602530 · Scholarships & Student Financial Aid (B82)

What they do

The Purpose of This Program is to Increase The Likelihood of High School Students From Newark Entering and Graduating From College

Before you give

Should I give to this charity?

Easy charity check

Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$79.01spent for every $100 of revenueRevenue covered expenses this year.

1.79%of revenue went to management and office costs2.3% of expenses

$0.54in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$319,762

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$5,7111.79% of revenue2.3% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$67,13120.99% of revenueShown in gray on the chart

Total expenses$252,63179.01% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 0.0% mission · 2.3% management · 0.0% fundraisingTotal expenses: 79.01% of revenue

2023Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 86.65% of revenue

2022Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 68.49% of revenue

2021Expense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 82.36% of revenue

2016Expense mix: 81.8% mission · 9.8% management · 8.4% fundraisingTotal expenses: 1,909.71% of revenue

Money in and money out

Revenue$319,762

Expenses$252,631

Annual surplus $67,131 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$5,711 · 2.3% of expenses

See all reported dollar amounts

Revenue$319,762

Expenses$252,631

Assets$135,257

Income$319,762

Contributions$319,762

Grants given$67,500

Average grant$9,643

Management and general$5,711

Accounting fees$1,050

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (7)

BAKARI LEECDO

CELIA KINGEXECUTIVE DIRECTOR

IMANI JACKSON-SCOTTSENIOR GRANT ACCOUNTANT

KEVIN KRIERCEO

LEONARD SPICEREXECUTIVE DIRECTOR

LISA PETROSKYMANAGING DIRECTOR

ZACHARY LEWISPRESIDENT

About this charity

Recognized since: January 2022
Location: 500 BROAD ST, NEWARK, NJ 07102-3112
County: Essex
In care of: Kevin Krier
Primary officer: Kevin Krier, CEO

How to reach them

Phone(718) 392-0240

Filing and classification

Latest tax year: 2024
Tax period began: September 1, 2024
Return type: 990
Tax preparer: BBA ACCOUNTING ADVISORS PLLC
NTEE classification: Scholarships & Student Financial Aid (B82)
IRS tax category: Scholarships & Student Financial Aid
Grant-giving organization: Yes
Revocation date: January 15, 2021