Salt And Light Company Inc
- Assets
- $10.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 11
- Location
- Westampton, NJ
- Founding
- 07/1986
- Data as of
- 06/2019
- 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 06/2018, Salt And Light Company Inc employed 11 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 06/2019, Salt And Light Company Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $2.5m during the year ending 06/2019. While expenses have increased by 4.6% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
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
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 | 40 | $94,781 |
Mark Jorgensen Trustee | Trustee | 2 | $0 |
Lashawn Barber Trustee | Trustee | 2 | $0 |
Michael Hogan Chairman | Trustee | 10 | $0 |
Renee Koubiadis Secretary / Treasurer | Trustee | 2 | $0 |
Janet Bowe-White Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $242,955 |
| Investment income | $4,508 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $39,643 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,887,348 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $615,903 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,465 |
| Payroll taxes | $64,758 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,947 |
| Fees for services: Accounting | $113,508 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,586 |
| Advertising and promotion | $0 |
| Office expenses | $12,802 |
| 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 | $314,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $419,103 |
| Insurance | $185,082 |
| All other expenses | $63,369 |
| Total functional expenses | $2,481,689 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $81,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $669,100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $59,284 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $580,151 |
| Total assets | $10,295,777 |
| Accounts payable and accrued expenses | $478,642 |
| 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 | $1,566,639 |
| Secured mortgages and notes payable | $6,558,537 |
| Unsecured mortgages and notes payable | $7,113 |
| Other liabilities | $0 |
| Total liabilities | $8,611,742 |
| Net assets without donor restrictions | $1,684,035 |
| 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 |
| Total liabilities and net assets/fund balances | $1,684,035 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salt And Light Company Inc has recieved totaling $5,949.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $5,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Rescue Mission Of Utica Inc Utica, NY | $9,177,377 | $6,677,348 |
Family Promise Inc Summit, NJ | $7,678,924 | $6,508,376 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
Person Centered Housing Options Rochester, NY | $1,060,718 | $6,884,446 |
Homeless Solutions Inc Cedar Knolls, NJ | $23,789,271 | $6,094,141 |
Concourse House Housing Development Fund Company Inc Bronx, NY | $3,401,118 | $5,844,314 |
Bethesda Project Philadelphia, PA | $5,417,974 | $5,948,466 |