Bcuw-Madeline Housing Partners
- Assets
- $58.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Paramus, NJ
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 46-3456305
Organization Overview
Bcuw-Madeline Housing Partners is located in Paramus, NJ. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bcuw-Madeline Housing Partners 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, Bcuw-Madeline Housing Partners generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.6% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE DEVELOPMENT AND MANAGEMENT OF HOUSING FOR SPECIAL NEEDS AS WELL AS LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND MANAGE AFFORDABLE HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Depalma Co-Manager | Trustee | 10 | $0 |
Thomas Toronto Co-Manager | Trustee | 10 | $0 |
Charlene Ortiz President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,123,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,182,400 |
| Noncash contributions included in lines 1a–1f | $1,640,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,305,686 |
| Total Program Service Revenue | $1,562,010 |
| Investment income | $50 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,867,746 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,560 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,526 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $134,288 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,085,368 |
| Insurance | $0 |
| All other expenses | $1,042,061 |
| Total functional expenses | $2,725,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,839 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $66,742 |
| Net Land, buildings, and equipment | $48,551,573 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,885,252 |
| Total assets | $58,800,406 |
| Accounts payable and accrued expenses | $786,113 |
| Grants payable | $0 |
| Deferred revenue | $179,838 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $296,645 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $9,505,576 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,286,629 |
| Total liabilities | $20,054,801 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $38,745,605 |
| Total liabilities and net assets/fund balances | $58,800,406 |
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