North Brunswick U A W Housing Corp
- Assets
- $9.0m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 23
- Location
- New Brunswick, NJ
- Founding
- 12/1996
- Data as of
- 09/2022
- EIN
- 22-2191389
Organization Overview
North Brunswick U A W Housing Corp is located in New Brunswick, NJ. The organization was established in 1996. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2022, North Brunswick U A W Housing Corp employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Brunswick U A W Housing Corp 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 09/2022, North Brunswick U A W Housing Corp generated $4.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $4.0m during the year ending 09/2022. While expenses have increased by 7.1% 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
NORTH BRUNSWICK UAW'S MISSION IS TO SERVE A PUBLIC PURPOSE AND PROVIDE AND PROMOTE AFFORDABLE HOUSING OPPORTUNITIES TO LOW AND MODERATE INCOME DISABLED OR SENIOR CITIZENS IN NEW JERSEY. SPECIFICALLY, NORTH BRUNSWICK UAW WILL CONTINUE TO OPERATE THE HOUSING COMMUNITY PURSUANT TO A STATE ALLOWING FOR THE INCORPORATION OF NON-PROFIT ENTITIES TO DEVELOP AND OPERATE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH BRUNSWICK UAW PROVIDES AFFORDABLE AND SUBSIDIZED HOUSING TO INDIVIDUALS BASED ON THEIR NEED AND THEIR MEETING CERTAIN SPECIFIED STANDARDS REQUIRED BY EITHER THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT OR THE NJ HOUSING AND MORTGAGE FINANCE AGENCY. NORTH BRUNSWICK UAW LIMITS THE RENTAL OF THE APARTMENTS TO THOSE INDIVIDUALS WHO QUALIFY FOR THE AFFORDABLE HOUSING PROGRAMS THAT THE COMMUNITY IS PART OF THROUGH DEED RESTRICTIONS AND FINANCIAL AGREEMENTS WITH HUD OR HMFA AND THEREFORE SHALL REQUIRE INCOME QUALIFICATIONS FOR THOSE PROGRAMS AS REQUIRED BY FEDERAL AND STATE LAW. GENERALLY SINCE AFFORDABLE HOUSING IS LIMITED TO LOW-INCOME FAMILIES AND INDIVIDUALS, ELIGIBILITY IS BASED UPON THE FOLLOWING CRITERIA: (1) ANNUAL GROSS INCOME; (2) WHETHER A PERSON QUALIFIES AS ELDERLY, A PERSON WITH A DISABILITY, OR AS A FAMILY; AND (3) U.S. CITIZENSHIP OR ELIGIBLE IMMIGRATION STATUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Antonellis President | OfficerTrustee | 2 | $0 |
Thomas C Fricano Vice President | OfficerTrustee | 1 | $0 |
Michelle Gerber Kass Vice President | OfficerTrustee | 1 | $0 |
Edmond Gerber Secretary/treasurer | OfficerTrustee | 1 | $0 |
Joe Latoof Chief Financial Officer | Officer | 2 | $0 |
Mary F Carpenter Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Region Nine Imrpovements Llc Repairs & Maintenance | 9/29/21 | $204,316 |
Region Nine Housing Corp Management; Bookkeeping | 9/29/21 | $113,127 |
Region Nine Housing Corp Management; Bookkeeping | 9/29/21 | $113,127 |
Region Nine Imrpovements Llc Repairs & Maintenance | 9/29/21 | $204,316 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,299,606 |
| 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 | $3,299,606 |
| Total Program Service Revenue | $886,370 |
| Investment income | $9,068 |
| 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 | $4,195,044 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,000,000 |
| 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 | $435,597 |
| Pension plan accruals and contributions | $16,985 |
| Other employee benefits | $231,500 |
| Payroll taxes | $47,325 |
| Fees for services: Management | $152,309 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $114,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $839,275 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $178,584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $371,096 |
| Insurance | $111,263 |
| All other expenses | $0 |
| Total functional expenses | $3,989,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,931,827 |
| Savings and temporary cash investments | $704,751 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,695 |
| 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 | $8,786 |
| Net Land, buildings, and equipment | $3,032,353 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,287,388 |
| Total assets | $8,971,800 |
| Accounts payable and accrued expenses | $323,433 |
| Grants payable | $0 |
| Deferred revenue | $5,510 |
| 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 | $3,789,868 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,557 |
| Total liabilities | $4,181,368 |
| Net assets without donor restrictions | $4,790,432 |
| 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 | $8,971,800 |
Peer Organizations
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|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |