Carneys Point Inc
- Assets
- $3.5m
- Revenue
- $999.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Carneys Point, NJ
- Founding
- 09/1979
- Data as of
- 12/2022
- EIN
- 52-1130678
Organization Overview
Carneys Point Inc is located in Carneys Point, NJ. The organization was established in 1979. 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. Carneys Point 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 12/2022, Carneys Point Inc generated $999.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $811.2k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING FOR LOW INCOME INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARNEYS POINT, INC. PROVIDES HOUSING FOR LOW-INCOME INDIVIDUALS AND OPERATES AN 80 UNIT HOUSING PROJECT.
CARNEYS POINT, INC. PROVIDES HOUSING FOR LOW-INCOME INDIVIDUALS AND OPERATES AN 80 UNIT HOUSING PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Maargarita I Rodriguez President | OfficerTrustee | 1 | $0 |
Ms Emma Jean Shockley Vice-President | OfficerTrustee | 1 | $0 |
Mr Wayne C Cheeseman Treasurer | OfficerTrustee | 1 | $0 |
Ms Patricia L Gant Secretary | OfficerTrustee | 1 | $0 |
Ms Jeanette Harbeson Director | Trustee | 1 | $0 |
Ms Rose E Harris Director | 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 | $686,165 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $686,165 |
| Total Program Service Revenue | $0 |
| Investment income | $4,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $406,544 |
| Net Gain/Loss on Asset Sales | -$103,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,872 |
| 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 | $232,103 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,868 |
| Payroll taxes | $19,332 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $10,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,267 |
| Office expenses | $11,495 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $177,346 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,649 |
| Interest | $38,650 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $121,775 |
| Insurance | $40,834 |
| All other expenses | $0 |
| Total functional expenses | $811,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,491 |
| Savings and temporary cash investments | $2,155,023 |
| 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 | $49,186 |
| Net Land, buildings, and equipment | $1,290,769 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,524,469 |
| Accounts payable and accrued expenses | $16,293 |
| 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 | $550,337 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $29,293 |
| Total liabilities | $595,923 |
| Net assets without donor restrictions | $2,683,027 |
| Net assets with donor restrictions | $245,519 |
| 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 | $3,524,469 |