Nc Orange Senior Housing Corp
- Assets
- $7.4m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 07/1999
- Data as of
- 04/2023
- 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 04/2023, NC Orange Senior Housing Corp generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $1.5m during the year ending 04/2023. While expenses have increased by 3.4% per year over the past 8 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
2023
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 |
|---|---|---|---|
Elizabeth Mbakaya Cfo/interim CEO | Officer | 1 | $0 |
Fred Hunter Chief Operating Officer | Officer | 1 | $0 |
Winton Tolles Director Of R/e Development | Officer | 1 | $0 |
Richard Rohrman CEO - Former | 1 | $0 | |
Madge Wilson Ex-Officio | Trustee | 1 | $0 |
Simone Gagnerone Chief Executive Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,222,648 |
| 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 | $1,222,648 |
| Total Program Service Revenue | $347,926 |
| Investment income | $272 |
| 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 | $1,570,846 |
| 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 | $170,932 |
| Pension plan accruals and contributions | $2,877 |
| Other employee benefits | $41,491 |
| Payroll taxes | $13,832 |
| Fees for services: Management | $114,181 |
| Fees for services: Legal | $4,572 |
| Fees for services: Accounting | $23,000 |
| 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 | $23,016 |
| Information technology | $8,488 |
| Royalties | $0 |
| Occupancy | $573,009 |
| Travel | $509 |
| 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 | $276,816 |
| Insurance | $200,447 |
| All other expenses | $0 |
| Total functional expenses | $1,453,170 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $396,821 |
| 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 | $9,815 |
| Net Land, buildings, and equipment | $6,056,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $943,885 |
| Total assets | $7,413,282 |
| Accounts payable and accrued expenses | $492,476 |
| Grants payable | $0 |
| Deferred revenue | $3,865 |
| 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 | $35,333 |
| Total liabilities | $531,674 |
| Net assets without donor restrictions | $635,435 |
| Net assets with donor restrictions | $6,246,173 |
| 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 | $7,413,282 |