Carmel Mountain Apartments Inc
- Assets
- $147.8m
- Revenue
- $8.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 12/1997
- Data as of
- 12/2022
- EIN
- 94-3273384
Organization Overview
Carmel Mountain Apartments Inc is located in Princeton, NJ. The organization was established in 1997. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 12/2022, Carmel Mountain Apartments Inc generated $8.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $4.8m during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TITLE HOLDING CORPORATION FOR REAL PROPERTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
AVAILABLE UPON REQUEST.
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Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blackrock Realty Advisors Asset Management | 12/30/22 | $579,259 |
Alliance Residential Llc Property Management | 12/30/22 | $895,273 |
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 | $8,713,587 |
| Investment income | $0 |
| 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 | $8,713,587 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $895,273 |
| Fees for services: Legal | $100,674 |
| Fees for services: Accounting | $29,104 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $579,259 |
| Fees for services: Other | $4,549 |
| Advertising and promotion | $39,057 |
| Office expenses | $130,842 |
| 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 | $1,442,416 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,976 |
| Insurance | $255,635 |
| All other expenses | $166,109 |
| Total functional expenses | $4,779,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $468,853 |
| Savings and temporary cash investments | $288,006 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $39,261 |
| 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 | $113,107 |
| Net Land, buildings, and equipment | $42,007,757 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $408,779 |
| Other assets | $104,495,244 |
| Total assets | $147,821,007 |
| Accounts payable and accrued expenses | $766,888 |
| Grants payable | $0 |
| Deferred revenue | $10,006 |
| 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 | $60,250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $188,888 |
| Total liabilities | $61,215,782 |
| Net assets without donor restrictions | $0 |
| 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 | $39,259,894 |
| Retained earnings, endowment, accumulated income, or other funds | $47,345,331 |
| Total liabilities and net assets/fund balances | $147,821,007 |