Cathedral Square Housing Inc
- Assets
- $3.8m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 12
- Location
- Princeton, NJ
- Founding
- 12/2016
- Data as of
- 09/2023
- EIN
- 22-2459464
Organization Overview
Cathedral Square Housing Inc is located in Princeton, NJ. The organization was established in 2016. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2023, Cathedral Square Housing Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Square Housing 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 09/2023, Cathedral Square Housing Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.5m during the year ending 09/2023. While expenses have increased by 0.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES SUBSIDIZED HOUSING FOR LOW INCOME ELDER AND HANDICAPPED PERSONS IN ACCORDANCE WITH SECTION 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Dermond President | OfficerTrustee | 0.1 | $0 |
Helen Marie Dolton Treasurer | OfficerTrustee | 0.1 | $0 |
Mary Lou Delahanty Vice President | OfficerTrustee | 0.1 | $0 |
Don Povia Secretary | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodside Kitchens Inc Capital Improvements | 9/29/16 | $138,295 |
Genserve Inc Capital Improvements | 9/29/16 | $112,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,382,442 |
| 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 | $1,382,442 |
| Total Program Service Revenue | $312,509 |
| Investment income | $2,184 |
| 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 | $1,720,093 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $343,532 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,892 |
| Payroll taxes | $30,748 |
| Fees for services: Management | $67,920 |
| Fees for services: Legal | $11,502 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $495 |
| Office expenses | $19,187 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $446,622 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $163,291 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,766 |
| Insurance | $102,364 |
| All other expenses | $0 |
| Total functional expenses | $1,523,961 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,744 |
| Savings and temporary cash investments | $934,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,808 |
| 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 | $86,791 |
| Net Land, buildings, and equipment | $2,492,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,706 |
| Total assets | $3,802,009 |
| Accounts payable and accrued expenses | $85,782 |
| Grants payable | $0 |
| Deferred revenue | $3,162 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,554 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,849,415 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,652 |
| Total liabilities | $3,962,565 |
| Net assets without donor restrictions | -$160,556 |
| 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 | $3,802,009 |