Alfa Development Inc
- Assets
- $12.5m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 234
- Location
- Newfoundland, NJ
- Founding
- 02/2000
- Data as of
- 06/2021
- EIN
- 22-3662556
Organization Overview
Alfa Development Inc is located in Newfoundland, NJ. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Alfa Development Inc employed 234 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alfa Development 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 06/2021, Alfa Development Inc generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 24.7% each year . All expenses for the organization totaled $13.5m during the year ending 06/2021. While expenses have increased by 20.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
GROUP HOMES AND DAYCARE SERVICES PROVIDED TO INDIVIDUALS WITH AUTISM AND DEVELOPMENTAL DELAYS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP HOMES AND DAYCARE SERVICES PROVIDED TO INDIVIDUALS WITH AUTISM AND DEVELOPMENTAL DELAYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Santa Lucia Executive Director | 40 | $258,917 | |
Jeremy Carr Director Of Client Services | 40 | $226,510 | |
West Bongiardino Director | 40 | $167,949 | |
Robert Ruiz Manager | 40 | $121,978 | |
Cynthia Hayes Manager | 40 | $116,798 | |
Eileen Mcmahon President | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,235 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,235 |
| Total Program Service Revenue | $16,121,836 |
| Investment income | $42,500 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,697 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,200,874 |
| 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. | $485,427 |
| Compensation of current officers, directors, key employees. | $485,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,599,432 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,049,577 |
| Payroll taxes | $873,484 |
| Fees for services: Management | $63,714 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,000 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $410,224 |
| 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 | $403,135 |
| Insurance | $0 |
| All other expenses | $1,401,244 |
| Total functional expenses | $13,483,011 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,290,417 |
| Savings and temporary cash investments | $5,053,756 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706,372 |
| 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 | $30,651 |
| Net Land, buildings, and equipment | $3,339,424 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $48,818 |
| Total assets | $12,469,438 |
| Accounts payable and accrued expenses | $526,634 |
| Grants payable | $0 |
| Deferred revenue | $988,224 |
| 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 | $1,675,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,190,855 |
| Net assets without donor restrictions | $8,655,025 |
| Net assets with donor restrictions | $623,558 |
| 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 | $12,469,438 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alfa Development Inc has recieved totaling $1,350.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |
Diego Beekman Mutual Housing Assoc Housing Developmnt Fund Corp Bronx, NY | $60,873,005 | $24,267,142 |