Region 9 Uaw Housing Corporation
- Assets
- $37.5m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 55
- Location
- New Brunswick, NJ
- Founding
- 06/1974
- Data as of
- 09/2021
- EIN
- 22-1945368
Organization Overview
Region 9 Uaw Housing Corporation is located in New Brunswick, NJ. The organization was established in 1974. 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 09/2021, Region 9 Uaw Housing Corporation employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Region 9 Uaw Housing Corporation 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 09/2021, Region 9 Uaw Housing Corporation generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 16.3% each year . All expenses for the organization totaled $4.2m during the year ending 09/2021. While expenses have increased by 11.2% per year over the past 6 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.
Since 2016, Region 9 Uaw Housing Corporation has awarded 18 individual grants totaling $759,980. 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 DEVELOP AND OPERATE AFFORDABLE HOUSING FOR FAMILIES AND THE ELDERLY AND TO OVERSEE THE COMPLETED COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND OPERATE AFFORDABLE HOUSING FOR FAMILIES AND THE ELDERLY AND OVERSEE THE OPERATIONS OF THE COMMUNITIES. CURRENTLY THE COMMUNITIES HAVE A TOTAL OF 1,164 RENTAL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Antonellis President | OfficerTrustee | 40 | $193,828 |
Joseph Latoof CFO | Officer | 40 | $154,304 |
Mark Comroe Dir. Of Develop | 40 | $151,639 | |
Kathleen Young Managing Agent | 40 | $148,008 | |
Michelle Gerber Kass Vice President | OfficerTrustee | 10 | $62,524 |
Thomas C Fricano Vice President | OfficerTrustee | 10 | $56,499 |
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 | $1,750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,750,000 |
| Total Program Service Revenue | $3,438,205 |
| Investment income | $754,197 |
| 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 | $5,942,402 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $91,396 |
| 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. | $951,733 |
| Compensation of current officers, directors, key employees. | $262,542 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,628,869 |
| Pension plan accruals and contributions | $141,302 |
| Other employee benefits | $479,504 |
| Payroll taxes | $252,061 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,335 |
| Fees for services: Accounting | $5,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,523 |
| Fees for services: Other | $17,385 |
| Advertising and promotion | $1,371 |
| Office expenses | $20,989 |
| Information technology | $8,609 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $44,691 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $76,334 |
| Insurance | $55,176 |
| All other expenses | $163,165 |
| Total functional expenses | $4,237,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,162,490 |
| Savings and temporary cash investments | $4,198,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $267,242 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,117,531 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,539,143 |
| Net Land, buildings, and equipment | $1,868,073 |
| Investments—publicly traded securities | $3,548,320 |
| Investments—other securities | $0 |
| Investments—program-related | $4,996,784 |
| Intangible assets | $0 |
| Other assets | $1,789,059 |
| Total assets | $37,487,444 |
| Accounts payable and accrued expenses | $290,912 |
| 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 | $385,862 |
| Total liabilities | $676,774 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $36,810,670 |
| Total liabilities and net assets/fund balances | $37,487,444 |
Grants Awarded
Over the last fiscal year, Region 9 Uaw Housing Corporation has awarded $52,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Haledon, NJ PURPOSE: TO FUND THE MISSION OF THE MUSEUM | $25,000 |
Newark, NJ PURPOSE: EDUCATION OF PUBLIC, POLICYMAKERS | $12,000 |
Hillside, NJ PURPOSE: PROVIDE FOOD TO NEEDY PERSONS | $10,250 |
Robbinsville, NJ PURPOSE: FUNDING OF CHILD SPONSORSHIPS | $5,250 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Region 9 Uaw Housing Corporation has recieved totaling $3,556.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $3,556 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |