Region 9 Uaw Housing Corporation
- Assets
- $41.2m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 43
- Location
- New Brunswick, NJ
- Founding
- 06/1974
- Data as of
- 09/2023
- EIN
- 22-1945368
Organization Overview
Region 9 Uaw Housing Corporation is located in New Brunswick, NJ. The organization was established in 1974. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Region 9 Uaw Housing Corporation employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region 9 Uaw Housing Corporation 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 09/2023, Region 9 Uaw Housing Corporation generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $4.5m during the year ending 09/2023. While expenses have increased by 9.0% per year over the past 8 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.
Since 2016, Region 9 Uaw Housing Corporation has awarded 20 individual grants totaling $779,980. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND OPERATE AFFORDABLE HOUSING FOR FAMILIES AND THE ELDERLY AND TO OVERSEE THE COMPLETED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND OPERATE AFFORDABLE HOUSING FOR FAMILIES AND THE ELDERLY AND OVERSEE THE OPERATIONS OF THE COMMUNITIES. CURRENTLY THE COMMUNITIES HAVE A TOTAL OF 1,164 RENTAL UNITS.
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) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Antonellis President | OfficerTrustee | 40 | $199,612 |
Mark Comroe Dir. Of Develop | 40 | $161,037 | |
Joseph Latoof CFO | Officer | 40 | $172,922 |
Antonio Freitas Dir. Prop Mgmt | 40 | $111,931 | |
Kathleen Young Managing Agent | 40 | $103,818 | |
Holly Fox-Gargulo Dir. Of Operations | 40 | $102,881 |
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 | $2,650,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,650,000 |
| Total Program Service Revenue | $3,551,680 |
| Investment income | $984,559 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,186,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,007 |
| 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. | $1,154,419 |
| Compensation of current officers, directors, key employees. | $193,418 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,480,607 |
| Pension plan accruals and contributions | $194,698 |
| Other employee benefits | $531,509 |
| Payroll taxes | $247,902 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,131 |
| Fees for services: Accounting | $9,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $31,146 |
| Fees for services: Other | $31,026 |
| Advertising and promotion | $4,125 |
| Office expenses | $15,574 |
| Information technology | $8,581 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $68,892 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,864 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,617 |
| Insurance | $48,592 |
| All other expenses | $158,535 |
| Total functional expenses | $4,475,721 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $705,214 |
| Savings and temporary cash investments | $9,858,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,755 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,529,621 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,184,077 |
| Net Land, buildings, and equipment | $1,776,970 |
| Investments—publicly traded securities | $6,474,571 |
| Investments—other securities | $0 |
| Investments—program-related | $5,673,088 |
| Intangible assets | $0 |
| Other assets | $2,817,500 |
| Total assets | $41,206,428 |
| Accounts payable and accrued expenses | $223,579 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $689,129 |
| Total liabilities | $912,708 |
| Net assets without donor restrictions | $0 |
| 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 | $40,293,720 |
| Total liabilities and net assets/fund balances | $41,206,428 |
Grants Awarded
Over the last fiscal year, Region 9 Uaw Housing Corporation has awarded $52,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOOD BANK OF NJ PURPOSE: PROVIDE FOOD TO NEEDY PERSONS | $10,250 |
NJ CITIZEN ACTION ED FUND PURPOSE: EDUCATION OF PUBLIC, POLICYMAKERS | $12,000 |
AMERICAN LABOR MUSEUM PURPOSE: TO FUND THE MISSION OF THE MUSEUM | $25,000 |
ORPHAN SPONSORSHIP INTL PURPOSE: FUNDING OF CHILD SPONSORSHIPS | $5,250 |