Hudson Community Enterprises Inc
- Assets
- $11.9m
- Revenue
- $18.5m
- Investments
- $0.0
- Employees
- 754
- Location
- Jersey City, NJ
- Founding
- 03/1964
- Data as of
- 06/2022
- 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 06/2022, Hudson Community Enterprises Inc employed 754 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 06/2022, Hudson Community Enterprises Inc generated $18.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $18.0m during the year ending 06/2022. While expenses have increased by 1.4% 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
2022
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:
Part 3 - Line 4a
EMPLOYMENT SERVICES - TRAINING PROGRAMS AND EMPLOYMENT FOR INDIVIDUALS WITH VOCATIONAL DISABILITIES. THESE PROGRAMS ARE DESIGNED TO TRAIN AN INDIVIDUAL TO BE SUCCESSFULLY EMPLOYED. 393 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. 175 CLIENTS WERE SERVED DURING THE YEAR.
EDUCATIONAL - EDUCATION PROGRAMS FOR BOTH YOURH AND ADULTS WITH DISABILITIES AS WELL AS INDIVIDUALS WITH ECONOMIC DIASADVANTAGES; THESE PROGRAMS ARE DESIGNED FOR OPTIMAL VOCATIONAL GROWTH. 90 CLIENTS WERE SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold T Masnaghetti Coo/ Executive VP | Officer | 35 | $212,949 |
Joseph Brown President | Officer | 35 | $196,864 |
Christine Remler VP - Ecm | 35 | $121,541 | |
Judania Mejia VP - Community Based Employment | 35 | $108,389 | |
Yolando Fuller VP - Workforce Development | 35 | $108,375 | |
Abbe Morello VP - Vocational Rehab | 35 | $108,354 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,168,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,169,180 |
| Total Program Service Revenue | $16,282,440 |
| Investment income | $35,155 |
| 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 | $18,486,775 |
| 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. | $412,831 |
| Compensation of current officers, directors, key employees. | $27,144 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,104,933 |
| Pension plan accruals and contributions | $145,339 |
| Other employee benefits | $585,156 |
| Payroll taxes | $1,074,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,000 |
| Fees for services: Accounting | $32,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $259,212 |
| Advertising and promotion | $111,010 |
| Office expenses | $30,343 |
| Information technology | $391,718 |
| Royalties | $0 |
| Occupancy | $326,815 |
| Travel | $136,826 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,867 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $335,537 |
| Insurance | $620,301 |
| All other expenses | $187,409 |
| Total functional expenses | $18,003,738 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $296,128 |
| Savings and temporary cash investments | $4,874,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,467,834 |
| 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 | $124,369 |
| Net Land, buildings, and equipment | $1,628,442 |
| Investments—publicly traded securities | $706,735 |
| Investments—other securities | $0 |
| Investments—program-related | $818,300 |
| Intangible assets | $0 |
| Other assets | $14,660 |
| Total assets | $11,931,222 |
| Accounts payable and accrued expenses | $1,458,478 |
| 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 | $889,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,347,798 |
| Net assets without donor restrictions | $9,583,424 |
| 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 | $11,931,222 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hudson Community Enterprises Inc has recieved totaling $34.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $34 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysarc Inc Plattsburgh, NY | $17,616,173 | $35,732,920 |
Corporate Source Inc Garden City, NY | $23,910,461 | $27,653,054 |
Wildcat Service Corp New York, NY | $10,320,090 | $26,956,331 |
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Hudson Community Enterprises Inc Jersey City, NJ | $11,931,222 | $18,486,775 |
Threshold Rehabilitation Services Inc Reading, PA | $11,899,909 | $17,640,016 |
Community Integrated Services Philadelphia, PA | $2,476,322 | $14,565,645 |
Beaver County Rehabilitation Center Inc Aliquippa, PA | $10,513,213 | $9,961,243 |
Opportunity Center Incorporated New Castle, DE | $5,700,822 | $7,361,490 |
Sparc Services Philadelphia, PA | $16,875,723 | $9,202,219 |
Developemental Enterprises Corp Norristown, PA | $9,937,863 | $6,387,939 |
Kent-Sussex Industries Inc Milford, DE | $7,342,017 | $7,489,169 |