South Brunswick Community Development Corporation is located in Kendall Park, NJ. The organization was established in 1979. 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 12/2021, South Brunswick Community Development Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Brunswick Community Development 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 12/2021, South Brunswick Community Development Corporation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OWNERSHIP & OPERATION OF A LOW-INCOME HOUSING MULTIFAMILY PROJECT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES A LOW-INCOME MULTI-FAMILY HOUSING PROJECT FOR THE ELDERLY AND DISABLED. THE PROJECT CONSISTS OF 84 UNITS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Karen Scalera Executive Director | Officer | 20 | $134,547 |
Anne Luck Vice President | OfficerTrustee | 1 | $0 |
Alan Kane President | OfficerTrustee | 2 | $0 |
Martha Asinobi Secretary | OfficerTrustee | 1 | $0 |
Walter Runyon Treasurer | OfficerTrustee | 2 | $0 |
Vandana Aiyar Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $74,342 |
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 | $74,342 |
Total Program Service Revenue | $1,029,282 |
Investment income | $59,367 |
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 | $1,162,991 |
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. | $69,326 |
Compensation of current officers, directors, key employees. | $69,326 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $203,417 |
Pension plan accruals and contributions | $7,017 |
Other employee benefits | $61,678 |
Payroll taxes | $18,640 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $40,735 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $1,164 |
Office expenses | $21,755 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $101,982 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $100,116 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $207,692 |
Insurance | $28,115 |
All other expenses | $17,822 |
Total functional expenses | $1,070,156 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $32,094 |
Savings and temporary cash investments | $185,244 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $30,827 |
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 | $9,737 |
Net Land, buildings, and equipment | $2,416,208 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,348,941 |
Total assets | $6,023,051 |
Accounts payable and accrued expenses | $241,036 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $42,046 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $5,885,133 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $6,168,215 |
Net assets without donor restrictions | -$145,164 |
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 | $6,023,051 |
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The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |