329 Park Avenue Tenants Assoc Inc C/O Calello Agency
329 Park Avenue Tenants Assoc Inc: Financials Show Declining Revenue and High Liabilities
EIN: 222593883 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $631K |
| Program Spending | 70% |
| Net Assets | $-51,751 |
| Transparency Score | 45/100 |
Is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
329 Park Avenue Tenants Assoc Inc C/O Calello Agency directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About 329 Park Avenue Tenants Assoc Inc C/O Calello Agency
329 Park Avenue Tenants Assoc Inc C/O Calello Agency (EIN: 222593883) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is a small nonprofit, with 4 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of 0.6%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $472K |
| Total Expenses | $631K |
| Surplus / Deficit | $-159,797 |
| Total Assets | $4.5M |
| Total Liabilities | $4.5M |
| Net Assets | $-51,751 |
| Operating Margin | -33.9% |
| Debt-to-Asset Ratio | 101.2% |
| Months of Reserves | 85.1 months |
Financial Health Grade: C
In 2015, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency reported a deficit of $160K with expenses exceeding revenue, holds 85.1 months of operating reserves (strong position), has a debt-to-asset ratio of 101.2% (high leverage).
Financial Trends
Over 4 years of filings (2011–2015), 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's revenue has grown at a compound annual growth rate (CAGR) of 0.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | +24.8% | +37.2% | +31.6% |
| 2013 | -1.1% | -3.4% | +18.0% |
| 2012 | -17.2% | +6.8% | -2.3% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates 329 Park Avenue Tenants Assoc Inc C/O Calello Agency with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $160K, with expenses exceeding revenue.
- Debt-to-asset ratio: 101.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's IRS 990 filings:
- Revenue has declined significantly from $471,576 in 2015 to $377,825 in 2013 (earliest available data point after 2015).
- Liabilities consistently exceed assets, with $4,527,732 in liabilities against $4,475,981 in assets in 2015, indicating potential financial instability.
- The organization's net assets are negative across all reported years, suggesting a persistent deficit.
Strengths
The following positive indicators were identified for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency:
- The organization has consistently filed financial reports, indicating a basic level of compliance.
Frequently Asked Questions about 329 Park Avenue Tenants Assoc Inc C/O Calello Agency
Is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency a legitimate charity?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency (EIN: 222593883) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 4 years of IRS 990 filings on record. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency spend its money?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to 329 Park Avenue Tenants Assoc Inc C/O Calello Agency tax-deductible?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is registered as a tax-exempt nonprofit (EIN: 222593883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's spending goes to programs?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency located?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is headquartered in Newark, New Jersey and files with the IRS under EIN 222593883.
How many years of IRS 990 filings does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency have?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
What does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency do?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency have?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency reported total revenue of N/A. Based on 4 IRS 990 filings on record.
What are 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's total assets?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency holds total assets of N/A as reported in IRS 990 filings.
Where is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency located?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is based in Newark, New Jersey.
What is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's EIN?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency's Employer Identification Number (EIN) is 222593883. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency is classified under NTEE code Unknown (Unknown).
Is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency a registered 501(c)(3)?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency appears in IRS records (EIN: 222593883). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency file IRS Form 990?
Yes, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency has 4 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's revenue in 2015?
In the 201512 filing period, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency reported total revenue of $471,576, total expenses of $631,373, and net assets of $4,475,981.
Is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's revenue growing or declining?
329 Park Avenue Tenants Assoc Inc C/O Calello Agency's revenue is growing. Revenue went from $377,825 (201312) to $471,576 (201512), a +24.8% change. Based on 4 filings on record.
What is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's most recent 990 filing?
The most recent IRS Form 990 filing for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency covers tax period 201512. It shows revenue of $471,576, expenses of $631,373, total assets of $4,475,981, and liabilities of $4,527,732.
How much does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency spend on programs vs administration?
Based on IRS 990 analysis, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is 329 Park Avenue Tenants Assoc Inc C/O Calello Agency a trustworthy charity?
Based on AI analysis of IRS 990 data, 329 Park Avenue Tenants Assoc Inc C/O Calello Agency shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency?
The following concerns were identified: Revenue has declined significantly from $471,576 in 2015 to $377,825 in 2013 (earliest available data point after 2015).. Liabilities consistently exceed assets, with $4,527,732 in liabilities against $4,475,981 in assets in 2015, indicating potential financial instability.. The organization's net assets are negative across all reported years, suggesting a persistent deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's strengths?
Positive indicators for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency include: The organization has consistently filed financial reports, indicating a basic level of compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does 329 Park Avenue Tenants Assoc Inc C/O Calello Agency compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'Tenants Assoc' designation, what specific services or advocacy efforts are being funded by the reported expenses, especially considering the high liabilities?
Without more detailed program expense breakdowns, it's unclear how the reported expenses (e.g., $631,373 in 2015) directly benefit tenants or address the significant liabilities.
What is the nature of the substantial liabilities, and how does the organization plan to address the consistent negative net assets?
The data does not specify the nature of the liabilities (e.g., mortgages, loans, deferred revenue), making it difficult to assess the organization's long-term financial viability or strategy for resolving its deficit.
Filing History
IRS 990 filing history for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2015), 329 Park Avenue Tenants Assoc Inc C/O Calello Agency's revenue has grown by 2.2%, moving from $461K to $472K. Total assets increased by 51.6% over the same period, from $3.0M to $4.5M. Total functional expenses rose by 41.5%, from $446K to $631K. In its most recent filing year (2015), 329 Park Avenue Tenants Assoc Inc C/O Calello Agency reported a deficit of $160K, with expenses exceeding revenue. The organization holds $4.5M in liabilities against $4.5M in assets (debt-to-asset ratio: 101.2%), resulting in net assets of $-51,751.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $472K | $631K | $4.5M | $4.5M | — | View 990 |
| 2013 | $378K | $460K | $3.4M | $3.1M | — | View 990 |
| 2012 | $382K | $476K | $2.9M | $2.5M | — | View 990 |
| 2011 | $461K | $446K | $3.0M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $472K, expenses of $631K, and assets of $4.5M (revenue +24.8% year-over-year).
- 2013: Revenue of $378K, expenses of $460K, and assets of $3.4M (revenue -1.1% year-over-year).
- 2012: Revenue of $382K, expenses of $476K, and assets of $2.9M (revenue -17.2% year-over-year).
- 2011: Revenue of $461K, expenses of $446K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency:
Data Sources and Methodology
This transparency report for 329 Park Avenue Tenants Assoc Inc C/O Calello Agency is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.