Heart Of Camden Inc
- Assets
- $553.8k
- Revenue
- $925.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Camden, NJ
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 22-2589999
Organization Overview
Heart Of Camden Inc is located in Camden, NJ. The organization was established in 1985. 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 12/2022, Heart Of Camden Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heart Of Camden 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 12/2022, Heart Of Camden Inc generated $925.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $803.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESTORE DIGNITY AND THE QUALITY OF LIFE OF THE RESIDENTS OF THE WATERFRONT SOUTH COMMUNITY IN CAMDEN, NEW JERSEY THROUGH PROGRAMS FOR HOUSING RESTORATION, ECONOMIC EXPANSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT - THE ORGANIZATION'S HOUSING PROGRAM PROVIDES REHABILITATED HOMES TO LOW AND MODERATE INCOME FAMILIES IN CAMDEN, NEW JERSEY, AND IS SUPPORTED PRIMARILY THROUGH DONOR CONTRIBUTIONS, GRANTS, AND FUNDRAISING. THE ORGANIZATION ASSISTS QUALIFIED BUYERS OBTAIN MORTGAGES FROM REPUTABLE LENDERS FOR COMPLETED PROPERTIES, AND, FOR SOME PROPERTIES, IS THEMSELVES THE LENDER VIA EITHER A MORTGAGE OR LEASE TO OWN ARRANGEMENT. IN ADDITION TO HOUSING, THE ORGANIZATION FOCUSES ON FULL NEIGHBORHOOD REVITALIZATION VIA NON-HOUSING NEIGHBORHOOD PROJECTS AND PARTNERSHIPS.
COMMUNITY SERVICE - THROUGH COVID RELIEF AND DISTRIBUTION, THE ORGANIZATION WORKS WITH THE COMMUNITY THEY SERVE AND PARTICIPATES IN VARIOUS FORUMS TO DISCUSS THE NEEDS OF THE NEIGHBORHOOD INCLUDING AN ANNUAL THANKSGIVING FOOD DISTRIBUTION, CHRISTMAS TOY DRIVE, COMMUNITY GYM, AND YOUTH PROGRAMMING. THE ORGANIZATION IS THE BACKBONE FOR MANY SERVICES PROVIDED TO THE COMMUNITY WHILE PARTNERING WITH OTHER NEIGHBORHOOD ORGANIZATIONS INCLUDING THE CENTER FOR ENVIRONMENTAL TRANSFORMATION'S GARDENING PROGRAM, MIGHTY WRITERS OF CAMDEN, FIREWORKS ART GALLERY, NICK VIRGILIO'S WRITERS HOUSE AND THE SOUTH CAMDEN THEATRE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Morales Executive Director | Officer | 40 | $97,820 |
Ben Hill President | OfficerTrustee | 4 | $0 |
Pepe Piperno Vice President | OfficerTrustee | 4 | $0 |
Janice M Lynch Secretary | OfficerTrustee | 4 | $0 |
John S Mapes Treasurer | OfficerTrustee | 4 | $0 |
Timothy Heatwole Shenk Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haverstick-borthwick Co Construction | 12/30/14 | $165,700 |
Mbe Construction Co Construction | 12/30/14 | $223,698 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $535,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $299,383 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $834,613 |
| Total Program Service Revenue | $28,410 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $62,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,806 |
| 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. | $97,820 |
| Compensation of current officers, directors, key employees. | $7,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,508 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,009 |
| Payroll taxes | $19,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $838 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,878 |
| Advertising and promotion | $0 |
| Office expenses | $67,835 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $90,829 |
| 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 | $2,697 |
| Insurance | $2,029 |
| All other expenses | $10,468 |
| Total functional expenses | $803,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $111,034 |
| Savings and temporary cash investments | $136,041 |
| Pledges and grants receivable | $8,800 |
| Accounts receivable, net | $23,403 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $222,758 |
| Prepaid expenses and deferred charges | $8,834 |
| Net Land, buildings, and equipment | $42,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $495 |
| Total assets | $553,768 |
| Accounts payable and accrued expenses | $133,344 |
| 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 | $3,300 |
| Total liabilities | $136,644 |
| Net assets without donor restrictions | $310,316 |
| Net assets with donor restrictions | $106,808 |
| 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 | $553,768 |