Nc Orange Senior Housing Corp
- Assets
- $7.2m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 07/1999
- Data as of
- 04/2022
- EIN
- 22-3657446
Organization Overview
Nc Orange Senior Housing Corp is located in Newark, NJ. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. NC Orange Senior Housing Corp 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 04/2022, NC Orange Senior Housing Corp generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.4m during the year ending 04/2022. While expenses have increased by 3.1% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERALLY ASSISTED LOW COST HOUSING FOR THE ELDERLY OR DISABLED PERSONS CONSISTING OF 99 UNITS LOCATED IN ORANGE, NJ
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Newton M Richards Secretary | OfficerTrustee | 1 | $0 |
Dr Zachary Yamba President | OfficerTrustee | 1 | $0 |
Edgar Nemorin Treasurer | OfficerTrustee | 1 | $0 |
Richard Rohrman CEO | Officer | 1 | $0 |
Elizabeth Mbakaya CFO | Officer | 1 | $0 |
Madge Wilson Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $802,704 |
| 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 | $802,704 |
| Total Program Service Revenue | $328,103 |
| Investment income | $117 |
| 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 | $1,130,924 |
| 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 | $156,799 |
| Pension plan accruals and contributions | $3,165 |
| Other employee benefits | $47,930 |
| Payroll taxes | $12,951 |
| Fees for services: Management | $111,448 |
| Fees for services: Legal | $5,025 |
| Fees for services: Accounting | $21,800 |
| 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 | $22,253 |
| Information technology | $9,741 |
| Royalties | $0 |
| Occupancy | $546,055 |
| Travel | $73 |
| 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 | $284,354 |
| Insurance | $155,475 |
| All other expenses | $0 |
| Total functional expenses | $1,377,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,891 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,526 |
| 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 | $4,253 |
| Net Land, buildings, and equipment | $6,327,946 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $802,110 |
| Total assets | $7,155,726 |
| Accounts payable and accrued expenses | $358,114 |
| Grants payable | $0 |
| Deferred revenue | $2,660 |
| 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 | $31,020 |
| Total liabilities | $391,794 |
| Net assets without donor restrictions | $1,295,503 |
| Net assets with donor restrictions | $5,468,429 |
| 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 | $7,155,726 |
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