Interfaith Neighbors Inc
- Assets
- $24.8m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 58
- Location
- Asbury Park, NJ
- Founding
- 10/1988
- Data as of
- 12/2023
- EIN
- 22-2896129
Organization Overview
Interfaith Neighbors Inc is located in Asbury Park, NJ. The organization was established in 1988. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2023, Interfaith Neighbors Inc employed 58 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Neighbors 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 12/2023, Interfaith Neighbors Inc generated $6.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $6.8m during the year ending 12/2023. While expenses have increased by 4.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEALS, RENTAL ASSISTANCE, UTILITY ASSISTANCE AND AFFORDABLE HOUSING TO UNDERPRIVILEDGED FAMILIES, THE ELDERLY, FRAIL AND THE HOMEBOUND, ALONG WITH OVERALL COMMUNITY DEVELOPMENT IN UNDERPRIVILEDGED NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, INTERFAITH NEIGHBORS PROVIDED RENTAL, UTILITY AND MORTGAGE ASSISTANCE TO APPROXIMATELY 345 FAMILIES, WHICH INCLUDED OVER 800 INDIVIDUALS FACING EVICTION OR HOMELESSNESS,ENABLING THEM TO REMAIN IN THEIR PLACE OF RESIDENCE FOLLOWING A SUDDEN ECONOMIC CHALLENGE.
PROVIDING AFFORDABLE, QUALITY EARLY CHILDHOOD CARE AND EDUCATION.
INTERFAITH NEIGHBORS ADDRESSED ISSUES OF FOOD INSECURITY EFFECTING RESIDENTS OF MONMOUTH COUNTY,NEW JERSEY, BY PREPARING, SERVING AND DELIVERING APPROXIMATELY 350,000 MEALS TO THE MOST NEEDY, TO HOMEBOUND SENIOR RESIDENTS AND DISABLED PERSONS. THIS PROGRAM IS ASSISTED BY OVER 325 INDIVIDUAL VOLUNTEERS WHO PROVIDE CLOSE TO 18,000 HOURS OF VOLUNTEER SERVICE TO THIS PROGRAM.
INTERFAITH NEIGHBORS HAS AN ONGOING, STATE APPROVED, NEIGHBORHOOD REVITALIZATION PROGRAM THAT IT HAS UNDERTAKEN ACROSS THE WEST SIDE OF ASBURY PARK, NEW JERSEY. THIS PROGRAM IS AN ACTIVE EFFORT TO ADDRESS A NUMBER OF CONDITIONS WHICH EXIST ACROSS UNDERSERVED COMMUNITIES AND, TAKEN TOGETHER, ADVERSELY EFFECT THE OVERALL HEALTH OF THE COMMUNITY. INTERFAITH'S PROGRAM ENTAILS, AMONG OTHER INITIATIVES, THE BUILDING OF SAFE, CLEAN, AFFORDABLE HOUSING, DEVELOPING WORKFORCE PROGRAMS GEARED TO JOBS IN HIGH DEMAND INDUSTRIES WITH LIVING WAGE SALARIES, INSPIRING COLLABORATION ACROSS COMMUNITY GROUPS FOR FOCUSED NEIGHBORHOOD INITIATIVES, AND PROGRAMS TO BRING AN AWARENESS TO HEALTHY LIFESTYLES AND PROPER NUTRITION, WHICH IS COMBINED WITH INTERFAITH'S DEVELOPMENT OF URBAN FARMS AND A HYDROPONIC FARM IN THEIR UNDERSERVED NEIGHBORHOOD THAT HAS ALSO BEEN DEEMED A FOOD DESERT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul L Mcevily Executive Di | OfficerTrustee | 40 | $110,039 |
Walter Craig Assoc Exec D | OfficerTrustee | 40 | $109,000 |
Joseph Marmora Treasurer/tr | Trustee | 10 | $19,520 |
Kathleen Ellis Trustee | Trustee | 1 | $0 |
Bob Hogan Trustee | Trustee | 1 | $0 |
Edward Johnson Trustee | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,421,876 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,062,637 |
| Noncash contributions included in lines 1a–1f | $739,435 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,484,513 |
| Total Program Service Revenue | $201,335 |
| Investment income | $282,624 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$208,656 |
| Net Income from Fundraising Events | $485,126 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,244,942 |
| 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 | $2,263,694 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $292,227 |
| Payroll taxes | $193,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $41,384 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,752 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $138,510 |
| Insurance | $194,122 |
| All other expenses | $733,762 |
| Total functional expenses | $6,768,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,793,071 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,022,992 |
| Accounts receivable, net | $0 |
| 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 | $28,374 |
| Net Land, buildings, and equipment | $7,882,672 |
| Investments—publicly traded securities | $9,845,217 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $25,062 |
| Other assets | $183,709 |
| Total assets | $24,781,097 |
| Accounts payable and accrued expenses | $246,996 |
| Grants payable | $0 |
| Deferred revenue | $636,320 |
| 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 | $23,032 |
| Total liabilities | $906,348 |
| Net assets without donor restrictions | $18,537,815 |
| Net assets with donor restrictions | $5,336,934 |
| 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 | $24,781,097 |