Maestro Community Development Corporation
- Assets
- $2.2m
- Revenue
- $174.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Long Branch, NJ
- Founding
- 03/2004
- Data as of
- 12/2023
- 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 12/2023, Maestro Community Development Corporation generated $174.8k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $101.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Covin President | 0 | $0 | |
Dr Rose Joyce Vice Preside | 0 | $0 | |
Joan Minor Secretary | 0 | $0 | |
Tiffany Towler Board Member | 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 | $174,781 |
| Total Revenue | $174,781 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $36,078 |
| Pension plans, employee benefits | $12,549 |
| Interest | $0 |
| Taxes | $6,740 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37,798 |
| Total operating and administrative expenses | $101,339 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $101,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,838,703 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $64,847 |
| 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 | $3,528 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $263,043 |
| Other assets | $18,216 |
| Total assets | $2,188,337 |
| Accounts payable and accrued expenses | $14,549 |
| 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 | $100,000 |
| Total liabilities | $114,549 |