Clinton Hill Community Apartments
- Assets
- $3.0m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Irvington, NJ
- Founding
- 06/1976
- Data as of
- 12/2023
- EIN
- 51-0199145
Organization Overview
Clinton Hill Community Apartments is located in Irvington, NJ. The organization was established in 1976. 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. Clinton Hill Community Apartments 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, Clinton Hill Community Apartments generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW INCOME FAMILIES IN NEWARK, NJ. UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. THE PROJECT IS FUNDED BY HUD
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR APPROXAMATELY 151 LOW TO MODERATE INCOME FAMILIES IN NEWARK NJ UNDER SECTION 236 OF THE NATIONAL HOUSING ACT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Kerr Board Chair | OfficerTrustee | 3 | $1,350 |
Soleymane Toure Board Member | Trustee | 1 | $0 |
Edward Haynes Board Member | Trustee | 1 | $0 |
Tylasha Williams Board Member | Trustee | 1 | $0 |
Walter Melvin 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,981,345 |
| Investment income | $445 |
| 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 | $2,111,244 |
| 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 | $350,392 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $103,276 |
| Payroll taxes | $45,412 |
| Fees for services: Management | $159,310 |
| Fees for services: Legal | $21,432 |
| Fees for services: Accounting | $31,543 |
| 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 | $95,980 |
| 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 | $50,314 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231,849 |
| Insurance | $496,039 |
| All other expenses | $0 |
| Total functional expenses | $2,460,932 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $125,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $84,555 |
| 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 | $260,227 |
| Net Land, buildings, and equipment | $1,305,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,207,513 |
| Total assets | $2,983,130 |
| Accounts payable and accrued expenses | $133,332 |
| Grants payable | $0 |
| Deferred revenue | $178,194 |
| 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 | $1,985,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,924 |
| Total liabilities | $2,409,942 |
| Net assets without donor restrictions | $573,188 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,983,130 |