Newark Apartment Owners Association Inc
- Assets
- $5.8k
- Revenue
- $17.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 10/2014
- Data as of
- 12/2017
- EIN
- 46-5704561
Organization Overview
Newark Apartment Owners Association Inc is located in Newark, NJ. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newark Apartment Owners Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2017, Newark Apartment Owners Association Inc generated $17.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (39.9%) each year. All expenses for the organization totaled $14.7k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (39.0%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT LEGISLATION/REGULATIONS BENEFICIAL TO OWNERS/MANAGERS OF MULTI FAMILY RENTAL HOUSING IN THE NEWARK, NJ AREA IN ORDER TO ASSIST MEMBERS (I) TO EFFICIENTLY/PROFITABLY OPERATE THEIR RENTAL HOUSING STOCK, (II) TO MAINTAIN SAFE CONDITIONS FOR THEIR TENANTS, (III) TO OPERATE WITHIN ESTABLISHED FEDERAL, STATE AND LOCAL LAWS/ORDINANCES/GUIDELINES, (IV) TO PROMOTE IMPLEMENTATION OF NEW LAWS/ORDINANCES/GUIDANCES THAT WILL FOSTER THE ABOVE, AND (V) SUPPORT/CONTRIBUTE TO CANDIDATES/POLICY MAKERS WHO MAINTAIN SIMILAR GOALS WITH RESPECT TO THE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT LEGISLATION/REGULATIONS BENEFICIAL TO OWNERS/MANAGERS OF MULTI FAMILY RENTAL HOUSING IN THE NEWARK, NJ AREA IN ORDER TO ASSIST MEMBERS (I) TO EFFICIENTLY/PROFITABLY OPERATE THEIR RENTAL HOUSING STOCK, (II) TO MAINTAIN SAFE CONDITIONS FOR THEIR TENANTS, (III) TO OPERATE WITHIN ESTABLISHED FEDERAL, STATE AND LOCAL LAWS/ORDINANCES/GUIDELINES, (IV) TO PROMOTE IMPLEMENTATION OF NEW LAWS/ORDINANCES/GUIDANCES THAT WILL FOSTER THE ABOVE, AND (V) SUPPORT/CONTRIBUTE TO CANDIDATES/POLICY MAKERS WHO MAINTAIN SIMILAR GOALS WITH RESPECT TO THE INDUSTRY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Cohen President | Trustee | 3 | $0 |
Michael Beirne Vice President/secretary | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,510 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,510 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $17,510 |
| 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 | $0 |
| Fees for services: Legal | $13,450 |
| 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 | $169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,071 |
| Total functional expenses | $14,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,837 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,837 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $5,837 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $5,837 |
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|---|---|---|
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Ascendus Inc New York, NY | $45,777,812 | $14,588,685 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Broad Hollow Bioscience Park Inc Farmingdale, NY | $30,625,721 | $3,689,454 |
Better Business Bureau Of Metropolitan New York Inc New York, NY | $2,973,168 | $5,685,810 |
Delaware Innovation Space Inc Wilmington, DE | $37,512,431 | $6,834,996 |
New York Society Of Security Analysts Inc New York, NY | $12,287,632 | $4,837,133 |
Better Business Bureau Inc Amherst, NY | $5,688,613 | $4,388,157 |
Deep Foundations Institute Hawthorne, NJ | $5,212,450 | $3,079,060 |
Committee For Digital Advertising And Marketing Accountability New Providence, NJ | $2,955,807 | $3,729,430 |