Lin-Mid Corporation
- Assets
- $4.1m
- Revenue
- $711.4k
- Investments
- $350.0k
- Employees
- 0
- Location
- Lincroft, NJ
- Founding
- 06/1997
- Data as of
- 12/2021
- EIN
- 22-3335349
Organization Overview
Lin-Mid Corporation is located in Lincroft, NJ. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lin-Mid Corporation 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, Lin-Mid Corporation generated $711.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $749.4k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUFTMAN PAVILION (SINGLE MEMBER LLC, A DISREGARDED ENTITY) OPERATES A 60 UNIT LOW-INCOME HOUSING PROJECT THAT MEETS THE SAFE HARBOR FOUND IN REV. PROC. 96-32 AND WHOSE ACTVITIES FURTHER THE ORGANIZATION'S SEC.501(C)(3) CHARITABLE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR THOSE OF LOW AND MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Rogers Secretary/tr | 1 | $0 | |
Joseph Valentino Trustee | 0.5 | $0 | |
Carmen Peterson President | 1 | $0 | |
Lois Whittom Trustee | 0.5 | $0 | |
Eric Van Schaack Vice Preside | 1 | $0 | |
Roberta Sheridan Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $62 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $711,313 |
| Total Revenue | $711,375 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $228,347 |
| Occupancy | $282,451 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $204,725 |
| Total operating and administrative expenses | $749,375 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $749,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,698 |
| Savings and temporary cash investments | $250,531 |
| 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 | $15,501 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $350,004 |
| Net Land, buildings, and equipment | $2,829,191 |
| Other assets | $659,664 |
| Total assets | $4,123,589 |
| Accounts payable and accrued expenses | $55,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,132,428 |
| Other liabilities | $66,333 |
| Total liabilities | $2,254,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |