Alfa Development Inc
- Assets
- $17.0m
- Revenue
- $19.5m
- Investments
- $0.0
- Employees
- 234
- Location
- Newfoundland, NJ
- Founding
- 02/2000
- Data as of
- 06/2022
- 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 06/2022, 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 06/2022, Alfa Development Inc generated $19.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.1% each year . All expenses for the organization totaled $14.3m during the year ending 06/2022. While expenses have increased by 20.7% 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
2022
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 |
|---|---|---|---|
Eileen Mcmahon President | Trustee | 0 | $0 |
Rolland Basinski Treasurer | Trustee | 0 | $0 |
Barbara Ross Secretary | Trustee | 0 | $0 |
Aedan Dowling Board Member | Trustee | 0 | $0 |
Dr Philip Affuso Board Member | Trustee | 0 | $0 |
Michael Fitzpatrick Jr Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $988,224 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,509 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,052,733 |
| Total Program Service Revenue | $18,416,115 |
| Investment income | $42,931 |
| 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 | $19,511,779 |
| 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. | $528,002 |
| Compensation of current officers, directors, key employees. | $528,002 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,424,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,066,866 |
| Payroll taxes | $970,001 |
| Fees for services: Management | $125,854 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $66,000 |
| 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 | $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 | $306,785 |
| Insurance | $0 |
| All other expenses | $1,925,116 |
| Total functional expenses | $14,295,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,077,523 |
| Savings and temporary cash investments | $8,296,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,513,368 |
| 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 | $3,013,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $48,818 |
| Other assets | $0 |
| Total assets | $16,980,937 |
| Accounts payable and accrued expenses | $669,832 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,816,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,486,538 |
| Net assets without donor restrictions | $13,960,706 |
| Net assets with donor restrictions | $533,693 |
| 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 | $16,980,937 |