J-Hap Inc
- Assets
- $1.9m
- Revenue
- $580.4k
- Investments
- $0.0
- Employees
- 7
- Location
- Golden Valley, MN
- Founding
- 02/2012
- Data as of
- 12/2023
- EIN
- 27-2033464
Organization Overview
J-Hap Inc is located in Golden Valley, MN. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, J-Hap Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J-Hap 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 12/2023, J-Hap Inc generated $580.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $582.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
J-HAP CREATES CARING, SAFE AND INCLUSIVE COMMUNITIES WHERE ADULTS WITH DEVELOPMENTAL DISABILITIES BUILD INDEPENDENT LIVES FILLED WITH MEANINGFUL EXPERIENCES AND RELATIONSHIPS.
Describe the Organization's Program Activity:
J-HAP PLANNED FOR, FUNDRAISED FOR, AND CO-DEVELOPED A 45-UNIT AFFORDABLE HOUSING PROJECT FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THIS NEW HOUSING ENVIRONMENT WILL ALLOW J-HAP TO PROVIDE PROGRESSIVE AMENITIES TO ADULTS WITH DEVELOPMENTAL DISABILITIES TO FOSTER SELF-RELIANCE AND SELF-ASSURANCE AND ALLOW THESE INDIVIDUALS TO LIVE INDEPENDENTLY. J-HAP OFFERS INDIVIDUALIZED GUIDANCE AND SUPPORT TO ENABLE A HIGH QUALITY OF LIFE ENRICHED WITH SOCIAL, EDUCATIONAL, VOCATIONAL, SPIRITUAL, CULTURAL AND RECREATIONAL OPPORTUNITIES. CONSTRUCTION OF THE HOUSING PROJECT WAS COMPLETED IN JANUARY, 2017
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bialick President Emeritus | OfficerTrustee | 20 | $0 |
Jon Applebaum Board Member | Trustee | 1 | $0 |
Susie Friedman Board Member | Trustee | 1 | $0 |
Marvin Liszt Board Chair | OfficerTrustee | 1 | $0 |
Marsha Seltz Board Member | OfficerTrustee | 5 | $0 |
Laura Liszt Board Member | Trustee | 1 | $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 | $526,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $526,161 |
| Total Program Service Revenue | $2,637 |
| Investment income | $767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$4,118 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $580,442 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $98,488 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,522 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,735 |
| Advertising and promotion | $4,972 |
| Office expenses | $0 |
| Information technology | $12,180 |
| Royalties | $0 |
| Occupancy | $60,680 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91,773 |
| Insurance | $12,102 |
| All other expenses | $27,136 |
| Total functional expenses | $582,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,561 |
| Savings and temporary cash investments | $299,204 |
| Pledges and grants receivable | $52,760 |
| Accounts receivable, net | $0 |
| 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 | $3,819 |
| Net Land, buildings, and equipment | $1,473,282 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,923,626 |
| Accounts payable and accrued expenses | $22,368 |
| 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 | $102,628 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $122,081 |
| Total liabilities | $247,077 |
| Net assets without donor restrictions | $1,526,793 |
| Net assets with donor restrictions | $149,756 |
| 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 | $1,923,626 |