Barrow Mansion Development Corp Parent Assoc
- Assets
- $97.0k
- Revenue
- $53.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Jersey City, NJ
- Founding
- 09/1986
- Data as of
- 12/2020
- EIN
- 22-2527195
Organization Overview
Barrow Mansion Development Corp Parent Assoc is located in Jersey City, NJ. The organization was established in 1986. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Barrow Mansion Development Corp Parent Assoc 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 12/2020, Barrow Mansion Development Corp Parent Assoc generated $53.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (19.1%) each year. All expenses for the organization totaled $89.5k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.0%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE BMDC IS TO PRESERVE THE HISTORIC BARROW MANSION AND TO PROMOTE ITS USE AS A CENTER FOR COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION AND CARE OF THIS HISTORIC RESIDENCE IN DOWNTOWN JERSEY CITY BUILT IN 1837. THE BUILDING SERVICES AS A HOME OF SEVERAL NON PROFIT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Zhems Secretary | OfficerTrustee | 1 | $0 |
Eric Carter President | OfficerTrustee | 5 | $0 |
Melissa Graves Treasurer | OfficerTrustee | 5 | $0 |
Oona Moore Vice President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,845 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,748 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $62,593 |
| Total Program Service Revenue | $0 |
| Investment income | $114 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$9,115 |
| 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 | $53,592 |
| 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 | $19,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $20,002 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,664 |
| All other expenses | $33,181 |
| Total functional expenses | $89,528 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,986 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $96,986 |
| Accounts payable and accrued expenses | $18,985 |
| 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 | $18,985 |
| Net assets without donor restrictions | $78,001 |
| 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 | $96,986 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Barrow Mansion Development Corp Parent Assoc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Buffalo Urban Development Corporation Buffalo, NY | $100,186,156 | $9,769,050 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Excavators 731 Property Corp Astoria, NY | $23,888,581 | $2,129,993 |
Addie Mae Collins Community Services New York, NY | $1,021,619 | $2,927,389 |
International Brotherhood Of Painters And Allied Trades Philadelphia, PA | $3,917,796 | $1,653,938 |
Building Trades Employers Assn Of The City Of New York New York, NY | $1,952,232 | $1,860,665 |
Schoharie Community Action Program Corp Cobleskill, NY | $470,662 | $1,980,674 |
Neighborhood Risk Management Corporation New York, NY | $0 | $124 |
New York Yacht Club Foundation New York, NY | $7,452,736 | $2,907,752 |
Neighborhood Housing Services Of Queens Cdc Inc Woodside, NY | $636,686 | $1,308,320 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Glens Falls, NY | $1,602,075 | $1,685,555 |