Middletown Redevelopment Corporation
- Assets
- $0.0
- Revenue
- $32.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Middletown, NJ
- Founding
- 08/1997
- Data as of
- 06/2020
- EIN
- 31-1475930
Organization Overview
Middletown Redevelopment Corporation is located in Middletown, NJ. The organization was established in 1997. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, 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. Middletown Redevelopment 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 06/2020, Middletown Redevelopment Corporation generated $32.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.6% each year. All expenses for the organization totaled $88.0k during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE IS TO DIRECTLY OR INDIRECTLY BUILD, DEVELOP, FINANCE, PURCHASE, REHABILITATE, OWN, SELL, OPERATE AND/OR OTHERWISE PROVIDE QUALITY, AFFORDABLE HOUSING FACILITIES AND SERVICES TO ELDERLY, DISABLED OR VETERAN INDIVIDUALS WITH VERY LOW, LOW, AND MODERATE INCOMES IN THE GREATER MIDDLETOWN COMMUNITY, SPECIFICALLY DESIGNED TO IMPROVE THE RESIDENTS' QUALITY OF LIFE BY MEETING THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND PROMOTING THEIR HEALTH, SECURITY AND HAPPINESS.
THE PRIMARY PURPOSE IS TO DIRECTLY OR INDIRECTLY BUILD, DEVELOP, FINANCE, PURCHASE, REHABILITATE, OWN, SELL, OPERATE AND/OR OTHERWISE PROVIDE QUALITY, AFFORDABLE HOUSING FACILITIES AND SERVICES TO ELDERLY, DISABLED OR VETERAN INDIVIDUALS WITH VERY LOW, LOW, AND MODERATE INCOMES IN THE GREATER MIDDLETOWN COMMUNITY, SPECIFICALLY DESIGNED TO IMPROVE THE RESIDENTS' QUALITY OF LIFE BY MEETING THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND PROMOTING THEIR HEALTH, SECURITY AND HAPPINESS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kolber President | 1 | $0 | |
Edward Skelly Trustee | 1 | $0 | |
Anthony Bruno Vice Preside | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $32,696 |
| Dividends & Interest | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,696 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $87,960 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $87,960 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,599,956 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Housing Resources For Wny Inc Buffalo, NY | $19,065,783 | $9,706,045 |
Skills Group State College, PA | $1,119,024 | $4,201,862 |
Urban Homesteading Assistance U-Hab New York, NY | $22,567,272 | $3,104,949 |
Hanac Spiti Management Company Inc Astoria, NY | $680,394 | $2,214,088 |
St Luke Services Corporation Oswego, NY | $1,164,061 | $2,696,368 |
Senior Citizens Housing Committee Inc Greenlawn, NY | $15,044,248 | $2,702,685 |
479 Courtlandt Avenue Housing Development Fund Corporation Bronx, NY | $2,079,159 | $407,298 |
3948 Amboy Rd Realty Corp Staten Island, NY | $1,997,483 | -$42,179 |
St George Management Corp Philadelphia, PA | $144,741 | $81,586 |
Middletown Redevelopment Corporation Middletown, NJ | $0 | $32,696 |
The Pennsylvania Building Officials Conference Bethlehem, PA | $156,451 | $0 |
Ktd Home Ownership Maximization Enterprise Corp Spring Valley, NY | $5,459,667 | $2,800,083 |