Habcore Inc
- Assets
- $6.6m
- Revenue
- $5.0m
- Investments
- $30.8k
- Employees
- 54
- Location
- Tinton Falls, NJ
- Founding
- 04/1989
- Data as of
- 12/2023
- EIN
- 52-1596165
Organization Overview
Habcore Inc is located in Tinton Falls, NJ. The organization was established in 1989. 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. As of 12/2023, Habcore Inc employed 54 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habcore 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, Habcore Inc generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 11.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE PERMANENT HOUSING & SUPPORT FOR LOW-INCOME, HOMELESS INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOMES, SHELTERS, HOMESTEADS AND OTHER FACILITIES FOR HOMELESS PERSONS WITH LOW-INCOME AND/OR PERSONS WHO ARE DISADVANTAGED, DISABLED, UNEMPLOYED OR OTHERWISE UNABLE TO CARE FOR THEMSELVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Heisman Executive Director | OfficerTrustee | 40 | $149,109 |
John Munley Trustee | Trustee | 1 | $0 |
Shannon Mosier Trustee | Trustee | 1 | $0 |
Kathleen Mullarkey Trustee | OfficerTrustee | 1 | $0 |
Gary Dahms Vice President | OfficerTrustee | 2 | $0 |
Cathy Pugliese-Sivo President | Trustee | 5 | $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 | $721,993 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $721,993 |
| Total Program Service Revenue | $3,757,778 |
| Investment income | $18,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,209 |
| Net Income from Fundraising Events | $106,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,970,544 |
| 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. | $382,288 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $878,497 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,976 |
| Payroll taxes | $133,442 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,172 |
| Fees for services: Accounting | $81,083 |
| 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 | $8,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,066,507 |
| Travel | $23,325 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,305 |
| Interest | $5,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228,896 |
| Insurance | $118,776 |
| All other expenses | $127,317 |
| Total functional expenses | $4,582,444 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,234,895 |
| Savings and temporary cash investments | $77,344 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,557 |
| 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 | $2,393 |
| Net Land, buildings, and equipment | $4,457,983 |
| Investments—publicly traded securities | $416,624 |
| Investments—other securities | $30,821 |
| Investments—program-related | $0 |
| Intangible assets | $273,675 |
| Other assets | $50,625 |
| Total assets | $6,587,917 |
| Accounts payable and accrued expenses | $84,271 |
| Grants payable | $0 |
| Deferred revenue | $30,668 |
| 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 | $2,851,276 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50 |
| Total liabilities | $2,966,265 |
| Net assets without donor restrictions | $2,954,379 |
| Net assets with donor restrictions | $667,273 |
| 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 | $6,587,917 |