Advance Housing Inc
- Assets
- $19.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 77
- Location
- Paramus, NJ
- Founding
- 05/1996
- Data as of
- 12/2022
- EIN
- 22-3423159
Organization Overview
Advance Housing Inc is located in Paramus, NJ. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Advance Housing Inc employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance Housing 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 12/2022, Advance Housing Inc generated $5.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $5.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.6%) per year over the past 8 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
THE MISSION OF ADVANCE HOUSING, INC. IS TO EXPAND THE RANGE AND SCOPE OF SUPPORTIVE HOUSING OPPORTUNITIES AVAILABLE TO PERSONS WITH PSYCHIATRIC DISBILITIES. IN ADDITION, WE WILL SEEK TO MAKE SIMILAR OPTIONS AND SERVICES AVAILABLE TO OTHER CONSUMERS WHO ARE IN NEED OF SUPPORTIVE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORTIVE LIVING PROGRAM BERGEN, PROVIDES MENTAL HEALTH CONSUMERS WITH A CHOICE OF PERMANENT, AFFORDABLE, AND SAFE HOUSING. SERVICES ARE FLEXIBLE AND ALLOW CONSUMERS TO MAINTAIN INDEPENDENCE AND LIFESTYLE OF THEIR CHOOSING. A LIMITED SUPPLY OF SCATTER-SITES, AGENCY OWNED HOUSING IS AVAILABLE FOR THIS PROGRAM. SERVICES ARE PROVIDED IN BERGEN COUNTY BY A MULTI-DISCIPLINARY TEAM CAPABLE OF MEETING CONSUMERS NEEDS.
THE SUPPORTIVE LIVING PROGRAM SUSSEX, PROVIDES MENTAL HEALTH CONSUMERS WITH A CHOICE OF PERMANENT, AFFORDABLE, AND SAFE HOUSING. SERVICES ARE FLEXIBLE AND ALLOW CONSUMERS TO MAINTAIN INDEPENDENCE AND LIFESTYLE OF THEIR CHOOSING. A LIMITED SUPPLY OF SCATTER-SITES, AGENCY OWNED HOUSING IS AVAILABLE FOR THIS PROGRAM. SERVICES ARE PROVIDED IN SUSSEX COUNTYTHE ADVANCE CONSUMER CHOICE & EMPOWERMENT PROGRAM OFFERS CONSUMERS FROM BY A MULTI DISCIPLINARY TEAM CAPABLE OF MEETING CONSUMERS NEEDS.
THE ADVANCE CONSUMER CHOICE & EMPOWERMENT PROGRAM OFFERS CONSUMERS FROM STATE PSYCHIATRIC HOSPITALS AN OPPORTUNITY TO LIVE INDEPENDENTLY IN THEIR OWN ONE BEDROOM APARTMENTS WHILE ALSO RECEIVING INTENSIVE SUPPORT SERVICES. CONSUMERS WILL BE SUPPORTED BY A MULTIDISCIPLINARY TEAM THAT WILL WORK IN COLLABORATION WITH THE CONSUMER AND EXTERNAL SUPPORTS TO PROVIDE THE MOST EFFECTIVE INDIVIDUALIZED TREATMENT SERVICES POSSIBLE, VOCATIONAL ASSISTANCE, MICA COUNSELING IN ADDITION TO AN ARRAY OF OTHER SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Higgins Chairman | OfficerTrustee | 1 | $0 |
Marc Sturiale Vice Chair | OfficerTrustee | 1 | $0 |
Susan Deangelo Secretary | OfficerTrustee | 1 | $0 |
Lynn Litterini Treasurer (resigned During 2022) | OfficerTrustee | 1 | $0 |
Dave Bower Trustee | Trustee | 1 | $0 |
Sharon Mckenna Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,602,287 |
| 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 | $3,602,287 |
| Total Program Service Revenue | $1,458,552 |
| Investment income | $25,274 |
| 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 | $5,226,802 |
| 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. | $388,269 |
| Compensation of current officers, directors, key employees. | $116,954 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,949,744 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $275,303 |
| Payroll taxes | $196,816 |
| Fees for services: Management | $148,385 |
| Fees for services: Legal | $34,467 |
| Fees for services: Accounting | $105,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,861 |
| Advertising and promotion | $851 |
| Office expenses | $0 |
| Information technology | $39,734 |
| Royalties | $0 |
| Occupancy | $678,874 |
| Travel | $45,682 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $33,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $512,113 |
| Insurance | $237,932 |
| All other expenses | $5,722 |
| Total functional expenses | $5,505,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,620,576 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $792,746 |
| Accounts receivable, net | $118,439 |
| 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 | $16,652 |
| Net Land, buildings, and equipment | $10,832,620 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,662,912 |
| Total assets | $19,043,945 |
| Accounts payable and accrued expenses | $436,126 |
| 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 | $12,665,259 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,304,933 |
| Total liabilities | $16,406,318 |
| Net assets without donor restrictions | $2,631,393 |
| Net assets with donor restrictions | $6,234 |
| 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 | $19,043,945 |