Advance Realty Foundation Inc
- Assets
- $57.2k
- Revenue
- $3.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bedminster, NJ
- Founding
- 10/1987
- Data as of
- 12/2021
- EIN
- 22-2790422
Organization Overview
Advance Realty Foundation Inc is located in Bedminster, NJ. The organization was established in 1987. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, 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. Advance Realty Foundation 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 12/2021, Advance Realty Foundation Inc generated $3.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.3%) each year. All expenses for the organization totaled $29.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Advance Realty Foundation Inc has awarded 35 individual grants totaling $108,833. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kurt Padavano Trustee P/t | 0 | $0 | |
Allan Hofmann Treasurer P/t | 0 | $0 | |
Peter J Cocoziello President P/t | 0 | $0 | |
Sharon Cocoziello Trustee P/t | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,094 |
| Capital Gain Net Income | $3,094 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,101 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,394 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $210 |
| Total operating and administrative expenses | $1,604 |
| Contributions, gifts, grants paid | $28,333 |
| Total expenses and disbursements | $29,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,152 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $57,152 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $30,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $30,000 |
Grants Awarded
Over the last fiscal year, Advance Realty Foundation Inc has awarded $38,333 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Scotch Plains, NJ PURPOSE: PROGRAM SERVICE | $10,033 |
CANCER SUPPORT COMMUNITY NEW JERSEY PURPOSE: PROGRAM SERVICE | $10,000 |
Newark, NJ PURPOSE: PROGRAM SERVICE | $10,000 |
Newark, NJ PURPOSE: PROGRAM SERVICE | $5,000 |
GIVING HOPE NETWORK PURPOSE: PROGRAM SERVICE | $2,000 |
Oceanport, NJ PURPOSE: PROGRAM SERVICE | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
Carmel Mountain Apartments Inc Princeton, NJ | $126,463,068 | $7,869,627 |
Holy Spirit Corporation Hershey, PA | $30,669,518 | $4,832,377 |
Hudson Gateway Association Of Realtors Inc White Plains, NY | $9,638,394 | $4,071,410 |
National Development Corporation Of Delta Phi Epsilon Inc Philadelphia, PA | $5,384,830 | $3,037,660 |
Astor Place Holding Corporation New York, NY | $864,696 | $1,838,018 |
North Central Jersey Association Of Realtors Inc Morristown, NJ | $6,876,016 | $3,589,162 |
Walkway Realty Company LLC C/O JP MORGAN INVESTMENT MANAGEMENT INC New York, NY | $50,649 | -$18,560,467 |