Arc Of New Jersey Inc
- Assets
- $384.2k
- Revenue
- $235.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Manville, NJ
- Founding
- 12/1951
- Data as of
- 06/2022
- EIN
- 22-2813769
Organization Overview
Arc Of New Jersey Inc is located in Manville, NJ. The organization was established in 1951. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Arc Of New Jersey 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, Arc Of New Jersey Inc generated $235.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $212.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
TO PROVIDE AFFORDABLE, COMMUNITY BASED, SUPPORTED HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - RESIDENTIAL PROPERTY LOCATED IN BRIDGEWATER, NEW JERSEY CONSISTING OF FOUR TWO-BEDROOM APARTMENTS AND SIX ONE-BEDROOM APARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Stefani President | OfficerTrustee | 1 | $0 |
Donna Pasek Vice President | OfficerTrustee | 1 | $0 |
Mark Mcdonough Treasurer | OfficerTrustee | 1 | $0 |
John Zajac Secretary | OfficerTrustee | 1 | $0 |
Lauren Frary Executive Director | OfficerTrustee | 1 | $0 |
Christopher Corvino Associate Executive Direct | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $177,699 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,699 |
| Total Program Service Revenue | $57,621 |
| Investment income | $208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,528 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,455 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,538 |
| Payroll taxes | $2,722 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,250 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $89,963 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $54,304 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,930 |
| Insurance | $3,421 |
| All other expenses | $427 |
| Total functional expenses | $212,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,340 |
| Savings and temporary cash investments | $295,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,776 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $240 |
| Net Land, buildings, and equipment | $69,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $384,186 |
| Accounts payable and accrued expenses | $20,521 |
| Grants payable | $0 |
| Deferred revenue | $3,370 |
| 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 | $580,227 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,933 |
| Total liabilities | $698,051 |
| Net assets without donor restrictions | -$313,865 |
| 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 | $384,186 |