Career Opportunity Development Inc
- Assets
- $5.4m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 261
- Location
- Egg Harbor City, NJ
- Founding
- 04/1971
- Data as of
- 06/2023
- EIN
- 23-7073173
Organization Overview
Career Opportunity Development Inc is located in Egg Harbor City, NJ. The organization was established in 1971. As of 06/2023, Career Opportunity Development Inc employed 261 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Career Opportunity 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 06/2023, Career Opportunity Development Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $10.1m during the year ending 06/2023. While expenses have increased by 4.2% 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 ASSIST INDIVIDUALS WITH DISABILITIES AND DISADVANTAGES TO LIVE INDEPENDENT LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL SERVICES - DEVELOP A FUNCTIONAL AND ACCEPTABLE LIFESTYLE FOR CHRONICALLY AND MENTALLY ILL PARTICIPANTS THROUGH TRANSITIONAL RESIDENTIAL SERVICES.
SHELTERED EMPLOYMENT - UTILIZE WORK EXPERIENCE AND RELATED SERVICES TO ASSIST INDIVIDUALS TO A PRODUCTIVE VOCATIONAL STATUS.
SUPPORTED EMPLOYMENT PROGRAM - ASSIST INDIVIDUALS WITH DISABILITIES BY PROVIDING PROGRAMS WHERE SUPERVISION IS MORE INTENSE, IN ORDER TO TRANSITION TO POSSIBLE COMPETITIVE EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Carney President & CEO | Officer | 50 | $220,245 |
Karen Gardner CFO | Officer | 50 | $121,142 |
Joe Cella Past Chairman | Trustee | 1 | $0 |
Father Paul Wise Trustee | Trustee | 1 | $0 |
Pastor David Yun Trustee | Trustee | 1 | $0 |
Theresa Zippel Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,372,974 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,677,126 |
| Total Program Service Revenue | $6,818,023 |
| Investment income | $548 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,983 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,584,795 |
| 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. | $341,387 |
| Compensation of current officers, directors, key employees. | $51,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,285,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,378,379 |
| Payroll taxes | $520,932 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,659 |
| Advertising and promotion | $0 |
| Office expenses | $32,613 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $87,100 |
| Travel | $593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,072 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $322,386 |
| Insurance | $378,971 |
| All other expenses | $997,704 |
| Total functional expenses | $10,068,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $735,847 |
| Savings and temporary cash investments | $100,447 |
| Pledges and grants receivable | $1,055,089 |
| Accounts receivable, net | $1,407,792 |
| 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 | $89,870 |
| Net Land, buildings, and equipment | $1,873,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $149,134 |
| Total assets | $5,411,210 |
| Accounts payable and accrued expenses | $572,241 |
| 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 | $642,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $824,862 |
| Total liabilities | $2,039,830 |
| Net assets without donor restrictions | $3,371,380 |
| 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 | $5,411,210 |