Lakewood Tenants Organization Inc
- Assets
- $4.3m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 17
- Location
- Lakewood, NJ
- Founding
- 08/1979
- Data as of
- 12/2022
- EIN
- 22-2184416
Organization Overview
Lakewood Tenants Organization Inc is located in Lakewood, NJ. The organization was established in 1979. As of 12/2022, Lakewood Tenants Organization Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lakewood Tenants Organization 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, Lakewood Tenants Organization Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
ADMINISTER FEDERAL SECTION 8 PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATIVE FEES EARNED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meir N Hertz CEO President | OfficerTrustee | 40 | $380,280 |
Henya Richter CFO | Officer | 29 | $167,970 |
Simcha Greenwald Vice President | Officer | 0 | $0 |
Moshe Sofer Treasurer | Officer | 0 | $0 |
Solomon Moskowitz Secretary | Trustee | 0 | $0 |
Eliezer Hasenfeld Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,702,504 |
| 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 | $1,702,538 |
| Total Program Service Revenue | $0 |
| Investment income | $23,423 |
| 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 | $1,725,961 |
| 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. | $548,250 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,109 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,461 |
| Payroll taxes | $0 |
| Fees for services: Management | $85,980 |
| Fees for services: Legal | $64,438 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,514 |
| Insurance | $12,329 |
| All other expenses | $35,793 |
| Total functional expenses | $1,149,419 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,368,117 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,463 |
| 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 | $6,348 |
| Net Land, buildings, and equipment | $739,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,343,919 |
| Accounts payable and accrued expenses | $89,608 |
| 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 | $0 |
| Total liabilities | $89,608 |
| Net assets without donor restrictions | $4,254,311 |
| 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 | $4,343,919 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bryant Park Management Corp New York, NY | $0 | $2,500,000 |
Presbyterian Apartments At 58th Street Inc Lafayette Hill, PA | $7,384,723 | $1,204,511 |
Lakewood Tenants Organization Inc Lakewood, NJ | $4,343,919 | $1,725,961 |
Princeton Community Housing Inc Princeton, NJ | $4,507,197 | $644,225 |
Community Services Housing Developement Corporation Brooklyn, NY | $2,064,372 | $110,598 |
Resident Empowered Action Council Of Troy Troy, NY | $18,583 | $0 |