South Brunswick Community Development Corporation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Scalera
Executive Director
$134,547
Martha Asinobi
Secretary
$0
Alan Kane
President
$0
Walter Runyon
Treasurer
$0
Anne Luck
Vice President
$0
William Buzby Jr
Member
$0

Financial Statements

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

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