Salt And Light Company Inc
- Assets
- $11.7m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Westampton, NJ
- Founding
- 07/1986
- Data as of
- 06/2022
- EIN
- 22-2709739
Organization Overview
Salt And Light Company Inc is located in Westampton, NJ. The organization was established in 1986. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Salt And Light Company Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Salt And Light Company 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 06/2022, Salt And Light Company Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. While expenses have increased by 4.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST OWER INCOME INDIVIDUALS AND FAMILIES IN SECURING DECENT AFFORDABLE HOUSING , PROVIDING SHELTER AND OTHER SERVICES TO THE HOMELESS AND OTHER COUNSELING AND TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST LOWER INCOME INDIVIDUALS AND FAMILIES IN SECURING DECENT AFFORDABLE HOUSING, PROVIDING SHELTER AND OTHER SERVICES TO THE HOMELESS, AND OTHER COUNSELING AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Pipes President | Officer | 20 | $95,950 |
Michael Hogan Chairman | OfficerTrustee | 2 | $0 |
Renee Koubiadis Secretary/treasurer | OfficerTrustee | 2 | $0 |
Janey Bowe-White Trustee | Trustee | 2 | $0 |
Lashawn Barber Trustee | Trustee | 2 | $0 |
Mark Jordensen Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $303,399 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $368,078 |
| Total Program Service Revenue | $2,910,604 |
| Investment income | $152 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $970,591 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,249,425 |
| 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. | $95,950 |
| Compensation of current officers, directors, key employees. | $12,474 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $701,204 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $68,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,633 |
| Fees for services: Accounting | $92,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,486 |
| Advertising and promotion | $0 |
| Office expenses | $13,937 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $260,377 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,683 |
| Insurance | $234,456 |
| All other expenses | $89,186 |
| Total functional expenses | $2,633,626 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $528,243 |
| Pledges and grants receivable | $99,029 |
| Accounts receivable, net | $394,277 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,086,258 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,338 |
| Net Land, buildings, and equipment | $7,089,075 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $404,060 |
| Total assets | $11,683,280 |
| Accounts payable and accrued expenses | $553,861 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $811 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,253,705 |
| Secured mortgages and notes payable | $5,247,267 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,055,644 |
| Net assets without donor restrictions | $4,627,636 |
| 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 | $11,683,280 |