Cohome
- Assets
- $2.6m
- Revenue
- $291.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Morristown, NJ
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 82-1500888
Organization Overview
Cohome is located in Morristown, NJ. The organization was established in 2017. 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 12/2021, Cohome employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cohome 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, Cohome generated $291.3k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $264.3k during the year ending 12/2021. While expenses have increased by 78.5% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING AND PROGRAMS FOR INDIVIDUALS WITH SPECIAL NEEDS IN MORRISTOWN, NJ
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED INCLUSIVE HOUSING TO EIGHT INDIVIDUALS AND TRANSITION ACTIVITIES TO TWELVE OTHERS COMPLETED PHASE I RENOVATIONS ON OUR FLAGSHIP PROPERTY DEVELOPED THE HOUSING MODEL TO CONTINUE EXPANSION IN 2022.
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PDF Copies of 990 Filings
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,407 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $112,907 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $178,360 |
| 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 | $291,267 |
| 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. | $4,483 |
| Compensation of current officers, directors, key employees. | $4,483 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $365 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $809 |
| Office expenses | $42,908 |
| Information technology | $353 |
| 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 | $283 |
| Interest | $61,124 |
| Payments to affiliates | $5,440 |
| Depreciation, depletion, and amortization | $99,057 |
| Insurance | $16,439 |
| All other expenses | $967 |
| Total functional expenses | $264,259 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,321 |
| 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 | $48,868 |
| Net Land, buildings, and equipment | $2,496,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,633,266 |
| Accounts payable and accrued expenses | $17,673 |
| 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 | $1,542,273 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,559,946 |
| Net assets without donor restrictions | $508,191 |
| 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 | $1,073,320 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,633,266 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Cohome has recieved totaling $5,085.
| Awarding Organization | Amount |
|---|---|
Ralph A Loveys Family Charitable Foundation Parsippany, NJ PURPOSE: TO DEVELOP HOLISTIC HOUSING THAT PROMOTES DIGNITY AND INCLUSION FOR INDIVIDUALS WITH DISABILITIES. | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $85 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nhp Foundation New York, NY | $288,555,579 | $98,614,983 |
Viecare Beaver Llc Cranberry Township, PA | $43,089,373 | $46,860,704 |
Columbus Property Management & Development Inc Philadelphia, PA | $30,446,777 | $36,581,885 |
Nycha Ii Housing Development Fund Corporation New York, NY | $21,607,256 | $75,418,815 |
Eihab Human Services New Jersey Inc Springfield Gardens, NY | $6,084,233 | $34,447,037 |
West Side Federation For Senior Housing Inc New York, NY | $138,485,239 | $41,412,403 |
Mainstay Life Services Pittsburgh, PA | $23,133,484 | $27,133,047 |
East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
Orange Affordable Housing Inc New York, NY | $0 | $0 |
Housing Visions Unlimited Inc Syracuse, NY | $54,882,329 | $24,284,268 |
Phipps Houses New York, NY | $754,776,508 | $88,001,578 |
C-Hp Cove Inc New York, NY | $8,025,727 | $5,367,385 |