Hammonton Revitalization Corporation
- Assets
- $482.8k
- Revenue
- $830.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Hammonton, NJ
- Founding
- 04/1989
- Data as of
- 12/2020
- EIN
- 22-2583099
Organization Overview
Hammonton Revitalization Corporation is located in Hammonton, NJ. The organization was established in 1989. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Hammonton Revitalization 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 12/2020, Hammonton Revitalization Corporation generated $830.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.0% each year . All expenses for the organization totaled $685.8k during the year ending 12/2020. While expenses have increased by 33.4% per year over the past 6 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.
Since 2020, Hammonton Revitalization Corporation has awarded 66 individual grants totaling $519,315. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST, FACILITATE, AND ENCOURAGE THE BEAUTIFICATION, DEVELOPMENT, AND RECONSTRUCTION OF THE CENTRAL CORE OF THE TOWN OF HAMMONTON, NEW JERSEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY PROMOTIONS & OUTREACH - PLAN AND SPONSOR EVENTS TO IMPROVE & MAINTAIN IMAGE OF COMMUNITY AND SUPPORT LOCAL BUSINESSES
MAIN STREET NEW JERSEY (MSNJ) PROGRAM
DESIGN PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Iacovelli Director | Officer | 40 | $45,422 |
Rich Rehmann President | Officer | 7 | $0 |
Eileen Unger Secretary | Officer | 5 | $0 |
Dr Donne Pheriribo Treasurer | Officer | 5 | $0 |
Ryan Niedoba Vice President | Officer | 5 | $0 |
David Ingemi Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,940 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $809,275 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $818,237 |
| Total Program Service Revenue | $9,937 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,550 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $830,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $519,315 |
| 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. | $45,422 |
| Compensation of current officers, directors, key employees. | $4,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66,766 |
| Advertising and promotion | $4,535 |
| Office expenses | $200 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $459 |
| 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 | $788 |
| Insurance | $3,474 |
| All other expenses | $10,789 |
| Total functional expenses | $685,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,482 |
| 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 | $280,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $102,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482,840 |
| Accounts payable and accrued expenses | $392 |
| 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 | $280,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,310 |
| Total liabilities | $288,702 |
| Net assets without donor restrictions | $0 |
| 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 | $194,138 |
| Total liabilities and net assets/fund balances | $482,840 |
Grants Awarded
Over the last fiscal year, Hammonton Revitalization Corporation has awarded $519,315 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
ANNATA WINE BAR PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $25,000 |
Hammonton, NJ PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $20,000 |
MACKENZIE & YATES MARTIAL ARTS - HAMMONTO PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $19,975 |
ANTIQUE MARKETPLACE PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $19,305 |
VINTAGE BETTY'S ANTIQUES MORE PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $18,900 |
MARY'S CAF PURPOSE: NEIGHBORHOOD PRESERVATION GRANT | $18,675 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hammonton Revitalization Corporation has recieved totaling $40,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $25,704,306 | $97,554,481 |
Brooklyn Navy Yard Development Corporation Brooklyn, NY | $543,633,704 | $68,378,369 |
Cent For Urban Community Svcs New York, NY | $78,734,129 | $72,768,234 |
The Community Preservation Corporation New York, NY | $1,407,109,282 | $65,839,600 |
Westchester Community Opportunity Program Inc Elmsford, NY | $7,932,264 | $37,716,573 |
Reinvestment Fund Inc Philadelphia, PA | $609,259,384 | $44,624,452 |
St Nicks Alliance Corp Brooklyn, NY | $44,353,994 | $35,596,992 |
National Council For Community Development Inc Brooklyn, NY | $24,193,687 | $38,165,020 |
The Community Action Organization Of Western New York Inc Buffalo, NY | $11,956,609 | $31,001,421 |
The Mayors Fund To Advance New York City New York, NY | $28,518,749 | $18,611,480 |
Hopes Community Action Partnership Incorporated Hoboken, NJ | $25,058,059 | $24,208,629 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |