Norwescap Holding Company Inc is located in Phillipsburg, NJ. The organization was established in 1989. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, 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. Norwescap Holding Company Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501 (C)(3) CORPORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORWESCAP HOLDING COMPANY HOLDS TITLE TO REAL ESTATE FOR NORWESCAP, A 501 (C)(3) CORPORATION AT 350 MARSHALL STREET, PHILLIPSBURG, NJ AND 406 WILLIS AVENUE, STANHOPE, NJ.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Elycia Lerman Board Treasurer | OfficerTrustee | 1 | $0 |
Richard Conley Vice Chair | OfficerTrustee | 1 | $0 |
James Buehler Board Secretary | OfficerTrustee | 1 | $0 |
Aileen Arsenault Board Chair | OfficerTrustee | 1 | $0 |
Mark Valli Chief Executive Officer | Officer | 1 | $0 |
Edmund Khanoo Chief Financial Officer | Officer | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
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 | $0 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $0 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $0 |
Office expenses | $0 |
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 | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $45,470 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $45,470 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
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 | $0 |
Net Land, buildings, and equipment | $703,146 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $703,146 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $82,900 |
Total liabilities | $82,900 |
Net assets without donor restrictions | $620,246 |
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 | $703,146 |
Over the last fiscal year, we have identified 1 grants that Norwescap Holding Company Inc has recieved totaling $15,000.
Awarding Organization | Amount |
---|---|
United Way Of Northern New Jersey Inc Cedar Knolls, NJ PURPOSE: Funded partner distribution | $15,000 |
Organization Name | Assets | Revenue |
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Repair The World Inc New York, NY | $12,187,078 | $15,959,640 |
Arts Business Collaborative Inc Long Island City, NY | $8,659,572 | $7,475,051 |
Southwestern Pennsylvania Human Services Inc Charleroi, PA | $7,239,784 | $6,185,914 |
Msmc Realty Corporation New York, NY | $97,693,375 | $4,794,797 |
Westchester Visiting Nurse Services Group Inc White Plains, NY | $12,074,563 | $4,368,542 |
Community Resource Exchange New York, NY | $5,552,695 | $3,997,508 |
Bancroft Inc Workers Compensation Trust North Brunswick, NJ | $514,116 | $3,639,661 |
Community Service Building Corporation Wilmington, DE | $29,155,415 | $3,064,046 |
East Harlem Arts & Education New York, NY | $4,344,552 | $3,741,090 |
Arc Alliance Eagleville, PA | $3,445,139 | $2,928,067 |
H-Cap Inc New York, NY | $1,548,116 | $3,404,162 |
University Heights Association Inc Albany, NY | $1,181,184 | $2,605,658 |