Bayonne Family Community Center
- Assets
- $4.1m
- Revenue
- $719.9k
- Investments
- $71.5k
- Employees
- 10
- Location
- Bayonne, NJ
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 22-1618129
Organization Overview
Bayonne Family Community Center is located in Bayonne, NJ. The organization was established in 1971. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. As of 12/2022, Bayonne Family Community Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bayonne Family Community Center 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, Bayonne Family Community Center generated $719.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (8.4%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.8%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE BAYONNE FAMILY COMMUNITY CENTER IS A CHARITABLE, COMMUNITY SERVICE ORGANIZATION THAT IS DEDICATED TO BUILDING STRONG COMMUNITIES BY PROVIDING SINGLE ROOM HOUSING, AT A REASONABLE COST, TO MEN WHO ARE CURRENTLY IN NEED OF SUCH SERVICES. THE COMMUNITY CENTER IS LED BY BOTH MEMBERS/VOLUNTEERS FROM OUR COMMUNITY; WHO SUPPORT THE ORGANIZATION'S MISSION. IN ADDITION, THE CENTER ALSO PROVIDES SPACE FOR OTHER TAX-EXEMPT ORGANIZATIONS THAT PROVIDE DAYCARE, CHEERLEADING, AND RELIGIOUS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENCE AND RELATED PROGRAMS - PROVIDES HOUSING AND FACILITIES FOR USE BY RESIDENTS, MEMBERS AND PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peggy Keohane Executive Dir. | Officer | 40 | $89,084 |
Fran Lamparello President | OfficerTrustee | 0.1 | $0 |
Michael Masone ESQ Treasurer | OfficerTrustee | 0.5 | $0 |
Ralph Scianni Vice President | OfficerTrustee | 0.1 | $0 |
Robert Doria C.a.o. | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,102 |
| 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 | $10,102 |
| Total Program Service Revenue | $697,222 |
| Investment income | $1,544 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $10,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $719,857 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $89,084 |
| Compensation of current officers, directors, key employees. | $28,525 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,815 |
| Pension plan accruals and contributions | $7,209 |
| Other employee benefits | $2,712 |
| Payroll taxes | $19,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,400 |
| Fees for services: Accounting | $14,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,477 |
| Advertising and promotion | $100 |
| Office expenses | $7,847 |
| Information technology | $3,263 |
| Royalties | $0 |
| Occupancy | $305,034 |
| Travel | $7,145 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $39,342 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,306 |
| Insurance | $81,850 |
| All other expenses | $971 |
| Total functional expenses | $1,042,082 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,987 |
| Savings and temporary cash investments | $256,288 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,140 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $43,544 |
| Net Land, buildings, and equipment | $3,512,912 |
| Investments—publicly traded securities | $5,385 |
| Investments—other securities | $71,480 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $27,340 |
| Total assets | $4,052,076 |
| Accounts payable and accrued expenses | $23,843 |
| Grants payable | $0 |
| Deferred revenue | $3,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $753,717 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,231 |
| Total liabilities | $792,391 |
| Net assets without donor restrictions | $3,259,685 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,052,076 |