Princeton Community Housing Inc
- Assets
- $4.7m
- Revenue
- $953.8k
- Investments
- $27.9k
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 13-3026182
Organization Overview
Princeton Community Housing Inc is located in Princeton, NJ. The organization was established in 1980. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Princeton Community Housing 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 12/2021, Princeton Community Housing Inc generated $953.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 38.7% each year . All expenses for the organization totaled $668.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Princeton Community Housing Inc has awarded 15 individual grants totaling $1,277,255. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR AND PROVIDE ASSISTANCE TO LOW AND MODERATE INCOME HOUSING PROJECTS IN THE PRINCETON, NJ AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PCH PROGRAM SERVICES INCLUDE EXPANDING THE INVENTORY OF AFFORDABLE HOMES IN PRINCETON TO MEET THE URGENT NEED FOR MORE AFFORDABLE HOUSING, MAINTAINING AND ENHANCING THE HOUSING AND SOCIAL SERVICES THAT ENRICH THE QUALITY OF LIFE FOR OUR RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice K Small President | OfficerTrustee | 1 | $0 |
Robert Fernholz Secretary | OfficerTrustee | 1 | $0 |
Tony Capozzoli Treasurer | OfficerTrustee | 1 | $0 |
Valerie Haynes Vice President | OfficerTrustee | 1 | $0 |
Edward Truscelli Executive Director | Officer | 1 | $0 |
Janet Mcclafferty Finance Director | Officer | 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 | $831,446 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $831,446 |
| Total Program Service Revenue | $0 |
| Investment income | $122,360 |
| 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 | $953,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $457,495 |
| Grants and other assistance to domestic individuals. | $30,148 |
| 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 | $104,642 |
| Pension plan accruals and contributions | $3,064 |
| Other employee benefits | $1,988 |
| Payroll taxes | $8,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,591 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $35,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,472 |
| Information technology | $3,247 |
| 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 | $35 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,430 |
| All other expenses | $90 |
| Total functional expenses | $668,009 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,921 |
| Savings and temporary cash investments | $505,546 |
| Pledges and grants receivable | $384,859 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,482,070 |
| Investments—other securities | $27,880 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,724,276 |
| Accounts payable and accrued expenses | $3,997 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,997 |
| Net assets without donor restrictions | $4,301,000 |
| Net assets with donor restrictions | $419,279 |
| 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 | $4,724,276 |
Grants Awarded
Over the last fiscal year, Princeton Community Housing Inc has awarded $455,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Princeton, NJ PURPOSE: AFFORDABLE HOUSING -PREDEVELOPMENT & COVID-19 RELATED EXPENSES | $360,500 |
Princeton, NJ PURPOSE: FUNDING FOR AFFORDABLE RENTAL APARTMENTS | $75,000 |
Princeton, NJ PURPOSE: TO FUND HBH 2021 CASH FLOW SHORTFALL DUE TO VACANCIES AND OVERBUDGET EXPENSES | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Princeton Community Housing Inc has recieved totaling $297,667.
| Awarding Organization | Amount |
|---|---|
Tenacre Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT | $100,000 |
Fernholz Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT - AFFORDABLE HOUSING | $80,000 |
Princeton Area Community Foundation Inc Lawrenceville, NJ PURPOSE: general support | $33,450 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $23,170 |
Fernholz Foundation Princeton, NJ PURPOSE: GENERAL SUPPORT - AFFORDABLE HOUSING | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $18,500 |
Endowment Analysis
| Beg. Balance | $25,277 |
| Earnings | $2,885 |
| Admin Expense | $282 |
| Ending Balance | $27,880 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bryant Park Management Corp New York, NY | $0 | $2,500,000 |
Lakewood Tenants Organization Inc Lakewood, NJ | $3,791,162 | $1,570,898 |
Presbyterian Apartments At 58th Street Inc Lafayette Hill, PA | $7,692,538 | $1,234,992 |
Princeton Community Housing Inc Princeton, NJ | $4,724,276 | $953,806 |
Community Services Housing Developement Corporation Brooklyn, NY | $630,429 | $159,989 |
Resident Empowered Action Council Of Troy Troy, NY | $17,781 | $0 |