Linden Housing Corporation
- Assets
- $33.1m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Linden, NJ
- Founding
- 03/2000
- Data as of
- 09/2023
- EIN
- 22-3611641
Organization Overview
Linden Housing Corporation is located in Linden, NJ. The organization was established in 2000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Linden Housing 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 09/2023, Linden Housing Corporation generated $2.3m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $2.1m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION OPERATES A 150 UNIT SENIOR CITIZEN HOUSING COMPLEX. IN ADDITION, IT PROVIDES SOCIAL, EDUCATIONAL, AND CULTURAL ACTIVITIES TO ITS RESIDENTS. DURING THE FISCAL YEAR ENDED 9/30/10 IT ALSO SPONSORED AND SUPPORTED THE CONSTRUCTION OF A SENIOR/DISABLED BUILDING THROUGH DONATIONS AND HUD SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION OPERATES A 150 UNIT SENIOR CITIZEN HOUSING COMPLEX. IN ADDITION, IT PROVIDES SOCIAL, EDUCATIONAL, AND CULTURAL ACTIVITIES TO ITS RESIDENTS. DURING THE FISCAL YEAR ENDED 9/30/10 IT ALSO SPONSORED AND SUPPORTED THE CONSTRUCTION OF A SENIOR/DISABLED BUILDING THROUGH DONATIONS AND HUD SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann J Ferguson Executive Dir. | Officer | 25 | $278,993 |
Dolores Glover Trustee | Trustee | 0 | $0 |
Gretchen Brook Hickey Vice President | Trustee | 0 | $0 |
Sheri Humphrey Trustee | Trustee | 0 | $0 |
Joseph Krech Trustee | Trustee | 0 | $0 |
Joseph Infante President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,559,152 |
| 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 | $1,559,152 |
| Total Program Service Revenue | $340,752 |
| Investment income | $409,979 |
| 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 | $2,317,209 |
| 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. | $274,127 |
| Compensation of current officers, directors, key employees. | $274,127 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $783,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $301,290 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $84,998 |
| Fees for services: Accounting | $48,455 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $323 |
| Office expenses | $28,105 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,400 |
| 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 | $76,282 |
| Insurance | $116,446 |
| All other expenses | $62,990 |
| Total functional expenses | $2,088,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $274,854 |
| Savings and temporary cash investments | $7,105,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $211 |
| 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 | $29,299 |
| Net Land, buildings, and equipment | $4,456,189 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,185,078 |
| Total assets | $33,051,520 |
| Accounts payable and accrued expenses | $83,554 |
| Grants payable | $0 |
| Deferred revenue | $7 |
| 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 | $22,493,440 |
| Total liabilities | $22,577,001 |
| Net assets without donor restrictions | $10,474,519 |
| 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 | $33,051,520 |