Hampton Manors Uaw Urban Renewal Housing Corp
- Assets
- $5.4m
- Revenue
- $815.1k
- Investments
- $0.0
- Employees
- 5
- Location
- New Brunswick, NJ
- Founding
- 10/2017
- Data as of
- 06/2024
- EIN
- 82-1527388
Organization Overview
Hampton Manors Uaw Urban Renewal Housing Corp is located in New Brunswick, 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 06/2024, Hampton Manors Uaw Urban Renewal Housing Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hampton Manors Uaw Urban Renewal Housing Corp 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 06/2024, Hampton Manors Uaw Urban Renewal Housing Corp generated $815.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $887.3k during the year ending 06/2024. While expenses have increased by 5.9% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
HAMPTON UAW'S MISSION IS TO SERVE A PUBLIC PURPOSE AND PROVIDE AND PROMOTE AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME DISABLED OR SENIOR CITIZENS IN NEW JERSEY. SPECIFICALLY, HAMPTON UAW WILL CONTINUE TO OPERATE THE HOUSING PROJECT PURSUANT TO A STATE STATUTE ALLOWING FOR THE INCORPORATION OF NON-PROFIT CORPORATIONS TO DEVELOP AND OPERATE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HAMPTON MANORS UAW URBAN RENEWAL HOUSING CORP. PROVIDES AFFORDABLE AND SUBSIDIZED HOUSING TO INDIVIDUALS BASED ON THEIR NEED AND THEIR MEETING OF CERTAIN OTHER SPECIFIED STANDARDS. HAMPTON MANORS UAW URBAN RENEWAL HOUSING CORP. LIMITS THE RENTAL OF THOSE APARTMENTS TO THOSE INDIVIDUALS WHO QUALIFY FOR THE AFFORDABLE HOUSING PROGRAMS THAT THE PROPERTY IS A PART OF THROUGH DEED RESTRICTIONS AND FINANCIAL AGREEMENTS WITH HUD AND HMFA, AND THEREFORE SHALL REQUIRE INCOME QUALIFICATION FOR THOSE PROGRAMS AS REQUIRED BY FEDERAL AND STATE LAW. GENERALLY, BECAUSE PUBLIC HOUSING IS LIMITED TO LOW-INCOME FAMILIES AND INDIVIDUALS, LOCAL AUTHORITIES DETERMINE ELIGIBILITY BASED UPON THE FOLLOWING CRITERIA: (1) ANNUAL GROSS INCOME; (2) WHETHER A PERSON QUALIFIES AS ELDERLY, A PERSON WITH A DISABILITY, OR AS A FAMILY; AND (3) U.S. CITIZENSHIP OR ELIGIBLE IMMIGRATION STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Antonellis President | OfficerTrustee | 2 | $0 |
Thomas C Fricano Vice President | OfficerTrustee | 1 | $0 |
Edmund Gerber Secretary & Treasurer | OfficerTrustee | 1 | $0 |
Michelle Kass Vice President | OfficerTrustee | 1 | $0 |
David C Fricano Trustee | Trustee | 1 | $0 |
Andrew Gerber Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Joe Melchionna Plumbing & Heat Plumbing And Hvac | 6/29/21 | $185,100 |
Nilsson Devlopment Company Improvements | 6/29/21 | $102,198 |
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 | $812,916 |
| Investment income | $52 |
| 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 | $815,099 |
| 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 | $56,812 |
| Pension plan accruals and contributions | $3,452 |
| Other employee benefits | $6,166 |
| Payroll taxes | $7,441 |
| Fees for services: Management | $42,360 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,972 |
| 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 | $25,184 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,287 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $254,439 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $299,790 |
| Insurance | $30,875 |
| All other expenses | $0 |
| Total functional expenses | $887,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,557 |
| 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 | $11,785 |
| Net Land, buildings, and equipment | $4,981,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $206,923 |
| Total assets | $5,392,542 |
| Accounts payable and accrued expenses | $380,443 |
| 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 | $5,789,800 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,249 |
| Total liabilities | $6,195,492 |
| Net assets without donor restrictions | -$802,950 |
| 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 | $5,392,542 |