Ramsey Housing Inc
- Assets
- $2.1m
- Revenue
- $447.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ramsey, NJ
- Founding
- 03/2014
- Data as of
- 12/2023
- EIN
- 45-5536834
Organization Overview
Ramsey Housing Inc is located in Ramsey, NJ. The organization was established in 2014. 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. Ramsey Housing 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, Ramsey Housing Inc generated $447.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 20.8% each year . All expenses for the organization totaled $129.2k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher Botta President | 5 | $0 | |
Kenneth Gubala Vice-President | 5 | $0 | |
Harry Weber Trustee | 5 | $0 | |
Jennifer Burns Trustee | 5 | $0 | |
Christine Ross Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $350,000 |
| Interest on Savings | $2 |
| 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 | $0 |
| Total Revenue | $446,977 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,640 |
| Depreciation | $48,881 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $68,475 |
| Total operating and administrative expenses | $129,196 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $129,196 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,979 |
| Savings and temporary cash investments | $101,591 |
| 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 | $2,208 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,902,513 |
| Other assets | $7,431 |
| Total assets | $2,082,722 |
| Accounts payable and accrued expenses | $650 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $865,262 |
| Other liabilities | $7,431 |
| Total liabilities | $873,343 |