Jpc Affordable Housing Foundation Inc

Organization Overview

Jpc Affordable Housing Foundation Inc is located in Newark, NJ. The organization was established in 2017. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jpc Affordable Housing Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Jpc Affordable Housing Foundation Inc generated $17.0m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $9.4m during the year ending 12/2022. While expenses have increased by 7.8% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE LOW INCOME HOUSING. ORGANIZATION OWNS AND OPERATES LOW-INCOME HOUSING AND IS A SUPPORTING ORGANIZATION, WHOSE ROLE IS TO COORDINATE ACTIVITIES AND FURTHER THE EXEMPT PURPOSE OF OTHER ENTITIES THAT PROVIDE LOW-INCOME HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WOODS AT OAK CROSSINGS, LOCATED AT 3120 NOBSCOT DRIVE, INDIANAPOLIS,IN, HAS 321 MULTIFAMILY UNITS, THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.


COVINGTON SQUARE APARTMENTS, LOCATED AT 115 SOUTH HIGH SCHOOL ROAD, INDIANAPOLIS,IN, HAS 212 MULTIFAMILY UNITS, THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.


CAPITAL PLACE APARTMENTS, LOCATED AT 4100 CONTINENTAL COURT, INDIANAPOLIS,IN, HAS 324 MULTIFAMILY UNITS, THAT ARE LEASED TO PROVIDE LOW INCOME HOUSING TO THOSE INDIVIDUALS NEEDING PUBLIC HOUSING ASSISTANCE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Oron Zarum
President & Director
$0
Thomas Kern
Treasurer, Secretary & Dir
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Indianapolis Power & Light
Utility - Electrical Service
$222,018
Greystone Property Management Corp
Payroll Contracting & Mgmt
$1,413,797
Citizens Energy Group
Utility - Gas Common Area/units Of Build
$780,457
Eagle Painting
Flloring-carpet
$135,700
Maintenance Supply Headquarters
Maintenance Supply Vendor
$215,776
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$5,828,476
Investment income $163,804
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,042,258
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $17,034,538

Peer Organizations

Organization NameAssets
Heritage Campus Group
Shillington, PA
$13,213,010
Jhl Corporate Services Inc
New York, NY
$17,916,878
Jpc Affordable Housing Foundation Inc
Newark, NJ
$17,034,538
Neighborhood Renewal Housing Development Fund Corporation
New York, NY
$4,130,076
Presbyterian Seniorcare Foundation
Oakmont, PA
$3,518,717
Jasa Housing Management Services For The Aged Inc
New York, NY
$4,514,643
Fund For Public Housing Inc
New York, NY
$7,509,669
Restoring Communities Housing Development Fund Corporation
New York, NY
$2,883,500
Kendal New York
Sleepy Hollow, NY
$1,894,260
Pines At Narragansett Housing Development Fund Company Inc
Ossining, NY
$1,025,027
Broadway Housing Communities Foundation Inc
New York, NY
$424,854
Restored Homes Housing Development Fund Corporation
New York, NY
$1,221,445
St Peters Italian Church Housing Development Fund Co Inc
Syracuse, NY
$1,216,868
Rochester Presbyterian Home Foundation Inc
Rochester, NY
$1,626,448
Greenwood House Foundation Inc
Ewing, NJ
$731,987
Wcm Real Estate Nfp
Washington, PA
$549,069
Newcourtland Life At St Bartholomew Inc
Philadelphia, PA
$536,105
First Community Foundation
Wilmington, DE
$7,119,554
Inrc Services Corp
Holtsville, NY
$738,127
Ehca Foundation
Erie, PA
$2,171,663
Mission First Housing Group Inc
Philadelphia, PA
$537,554
Jeffersons Ferry Foundation
South Setauket, NY
$582,456
Rockland Mha Holding Inc
Valley Cottage, NY
$372,840
Walker Housing Fund Charitable Tr
Pennington, NJ
$810,457
Valley Care Endowment Corporation
Pittsburgh, PA
$447,853

Create an account to unlock the data you need.

or