Hudson Community Enterprises Inc
- Assets
- $16.7m
- Revenue
- $21.9m
- Investments
- $0.0
- Employees
- 791
- Location
- Jersey City, NJ
- Founding
- 03/1964
- Data as of
- 06/2024
- EIN
- 22-1629147
Organization Overview
Hudson Community Enterprises Inc is located in Jersey City, NJ. The organization was established in 1964. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2024, Hudson Community Enterprises Inc employed 791 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hudson Community Enterprises 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 06/2024, Hudson Community Enterprises Inc generated $21.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $22.6m during the year ending 06/2024. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY BASED WORKFORCE DEVELOPMENT/VOCATIONAL REHABILITATION PROGRAM FOR THE PURPOSE OF OFFERING A BROAD RANGE OF EDUCATIONAL AND VOCATIONAL INTERVENTION SERVICES FOR INDIVIDUALS WITH PHYSICAL AND DEVELOPMENTAL DISABILITIES AS WELL AS OTHER BARRIERS TO EMPLOYMENT.
Describe the Organization's Program Activity:
EMPLOYMENT SERVICES - TRAINING PROGRAMS AND EMPLOYMENT FOR INDIVIDUALS WITH VOCATIONAL DISABILITIES. THESE PROGRAMS ARE DESIGNED TO TRAIN AN INDIVIDUAL TO BE SUCCESSFULLY EMPLOYED. 500 CLIENTS WERE SERVED DURING THE YEAR.
VOCATIONAL REHABILITATION - COUNSELLING, TRAINING AND EVALUATING PEOPLE WITH DISABILITIES IN AN EFFORT FOR THEM TO ATTAIN INDEPENDENCE AND PRODUCTIVITY. 395 CLIENTS WERE SERVED DURING THE YEAR.
EDUCATIONAL - EDUCATION PROGRAMS FOR BOTH YOUTH AND ADULTS WITH DISABILITIES AS WELL AS INDIVIDUALS WITH ECONOMIC DISADVANTAGES; THESE PROGRAMS ARE DESIGNED FOR OPTIMAL VOCATIONAL GROWTH. 325 CLIENTS WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Shaljian Chairman | OfficerTrustee | 1 | $0 |
James Jacobson Secretary | OfficerTrustee | 1 | $0 |
Andrew Jacobson Vice President | OfficerTrustee | 1 | $0 |
Richard Friaglia Trustee | Trustee | 1 | $0 |
Bruce Goodstein Trustee | Trustee | 1 | $0 |
Jeff Kaplowitz Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,056,522 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,992 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,094,514 |
| Total Program Service Revenue | $17,777,707 |
| Investment income | $161,081 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$150,372 |
| 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 | $21,882,930 |
| 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. | $430,624 |
| Compensation of current officers, directors, key employees. | $28,187 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,236,751 |
| Pension plan accruals and contributions | $173,246 |
| Other employee benefits | $961,969 |
| Payroll taxes | $1,352,296 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,069 |
| Fees for services: Accounting | $83,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $424,118 |
| Advertising and promotion | $123,268 |
| Office expenses | $22,956 |
| Information technology | $375,114 |
| Royalties | $0 |
| Occupancy | $301,379 |
| Travel | $226,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $248,718 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $400,337 |
| Insurance | $771,413 |
| All other expenses | $154,830 |
| Total functional expenses | $22,638,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,470 |
| Savings and temporary cash investments | $3,569,165 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,547,874 |
| 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 | $107,227 |
| Net Land, buildings, and equipment | $5,785,296 |
| Investments—publicly traded securities | $1,517,317 |
| Investments—other securities | $0 |
| Investments—program-related | $818,301 |
| Intangible assets | $0 |
| Other assets | $119,029 |
| Total assets | $16,701,679 |
| Accounts payable and accrued expenses | $1,248,250 |
| 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 | $4,023,387 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,271,637 |
| Net assets without donor restrictions | $11,430,042 |
| 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 | $16,701,679 |