WATERFRONT PROJECT INC
Mission Statement
At The Waterfront Project, housing is a fundamental right and a life-saving resource. We believe everyone deserves a safe and stable place to call home. Founded in 2013, The Waterfront Project, Inc. is a non-profit legal clinic and HUD-Certified Counseling Agency committed to providing comprehensive, multi-disciplinary services to individuals and household at risk of homelessness in Hudson, Union, and Bergen Counties. Our mission is to prevent homelessness, preserve affordable housing, and promote neighborhood stability – one family, one home, one future at a time. Over the years, WFP has made a profound difference in the lives of countless individuals and families across northern New Jersey. Our legal and housing services have prevented evictions, stopped foreclosures, and provided critical support to those in need. We are proud to empower our clients with the knowledge and resources they need to navigate complex legal systems, ensuring they can stay in their homes and live with dignity.
Financial Overview — FY 2025
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.1% | 79.3% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
6.8% | 13.1% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.0% | 6.2% |
P10P90
|
Top quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
128.3% | 212.3% |
P10P90
|
Above median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
1.2 mo | 11.8 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
39.7% | 9.7% |
P10P90
|
Bottom quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 95.4% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-29.7% | 5.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-25.8% | 7.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-12.0% | 2.0% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $2.1M | $2.3M | $223K | 92.1% | 33 |
| 2024 | $2.9M | $3.1M | $469K | 89.1% | 38 |
| 2023 | $2.1M | $2.0M | $645K | 90.2% | 8 |
| 2021 | $862K | $511K | N/A | — | 6 |
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