Maestro Community Development Corporation
- Assets
- $1.9m
- Revenue
- $462.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Branch, NJ
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 27-0046804
Organization Overview
Maestro Community Development Corporation is located in Long Branch, NJ. The organization was established in 2004. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maestro Community Development Corporation 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 12/2021, Maestro Community Development Corporation generated $462.9k in total revenue. All expenses for the organization totaled $86.3k during the year ending 12/2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Towler Board Member | 0 | $0 | |
Dr Rose Joyce Vice Preside | 0 | $0 | |
Donald Covin President | 0 | $0 | |
Joan Minor Secretary | 0 | $0 | |
Jennifer Cabral Board Member | 0 | $0 | |
Murali Goboori Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $462,942 |
| Total Revenue | $462,942 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $30,274 |
| Pension plans, employee benefits | $5,714 |
| Interest | $0 |
| Taxes | $2,450 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,083 |
| Total operating and administrative expenses | $86,271 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $86,271 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,592,599 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,442 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $263,043 |
| Other assets | $69,633 |
| Total assets | $1,926,717 |
| Accounts payable and accrued expenses | $42,328 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $192,328 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Maestro Community Development Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
New Jersey Road Runners Youth Foundation Inc Delray Beach, FL PURPOSE: CHILDREN'S DEVELOPMENT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Habitat For Humanity International Inc Maple Shade, NJ | $11,003,483 | $12,605,455 |
Greater Berks Development Fund Reading, PA | $39,552,158 | $9,719,449 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Habitat For Humanity International Inc Philadelphia, PA | $20,358,278 | $15,243,125 |
Associated Blind Housing Development Fund Inc Suffern, NY | $60,912,247 | $8,378,742 |
Housing Plus Solutions Inc Brooklyn, NY | $3,042,973 | $8,488,252 |
Lgarpa Corp Turtle Creek, PA | $11,929,864 | $9,395,264 |
Neighbors Of Watertown Inc Watertown, NY | $21,338,681 | $8,351,713 |