Transitional Housing Services Inc
- Assets
- $700.7k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Westampton, NJ
- Founding
- 12/1998
- Data as of
- 06/2022
- EIN
- 22-3468266
Organization Overview
Transitional Housing Services Inc is located in Westampton, NJ. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Transitional Housing Services 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, Transitional Housing Services Inc generated $1.7m 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 (5.1%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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 DECENT AFFORDABLE HOUSING AND TRANSITIONAL HOUSING, EMERGENCY SHELTER, AND SUPPORT NEEDS HOUSING TO LOWER INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES HOMES FOR USE AS OCCUPANCY AS EMERGENCY SHELTERS OR TRANSITIONAL HOUSING FOR THE HOMELESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Koubiadis Secretary/treasurer | OfficerTrustee | 2 | $0 |
Michael Hogan Chairman | OfficerTrustee | 2 | $0 |
Kent Pipes President | Officer | 5 | $0 |
Mark Jordensen Trustee | Trustee | 2 | $0 |
Janey Bowe-White Trustee | Trustee | 2 | $0 |
Lashawn Barber Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $78,086 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $103,362 |
| Total Program Service Revenue | $1,600,217 |
| Investment income | $122 |
| 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 | $1,703,701 |
| 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 | $1,846,529 |
| Fees for services: Legal | $3,623 |
| 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 | $11,322 |
| 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 | $3,214 |
| Insurance | $100 |
| All other expenses | $7,062 |
| Total functional expenses | $2,352,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $143,679 |
| Savings and temporary cash investments | $37,879 |
| Pledges and grants receivable | $6,643 |
| Accounts receivable, net | $382,217 |
| 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 | $115,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,000 |
| Total assets | $700,713 |
| Accounts payable and accrued expenses | $4,690 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $34,719 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $48,587 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,645,929 |
| Total liabilities | $2,733,925 |
| Net assets without donor restrictions | -$2,054,221 |
| Net assets with donor restrictions | $21,009 |
| 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 | $700,713 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Transitional Housing Services Inc Westampton, NJ | $700,713 | $1,703,701 |
American Friends Of Israel Elwyn Bala Cynwyd, PA | $2,677,201 | $664,705 |
Freedom Valley Disability Enablement Inc Newtown Square, PA | $81,328 | $207,043 |
Wurster Family Foundation Radnor, PA | $1,964,562 | $311,924 |
Musica Viva Inc New York, NY | $181,120 | $246,617 |
Joy Street Foundation New Vernon, NJ | $1,866,358 | $104,299 |
Andrew J Feldman Foundation Parsippany, NJ | $568,968 | $56,493 |
By My Side Ltd Philadelphia, PA | $13,512 | $0 |
Organization For International Development Bronx, NY | $73,324 | $0 |
Charles Schwartz Foundation For Music Wappingers Falls, NY | $97,989 | $28,923 |
Foundation For Safe Boating And Marine Info Inc Brooklyn, NY | $4,281 | $0 |
Have A Heart Foundation Of Staten Island Inc Staten Island, NY | $64,307 | $0 |