Foresight Affordable Housing Pennsville Inc

Organization Overview

Foresight Affordable Housing Pennsville Inc is located in Ventnor, NJ. The organization was established in 1979. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foresight Affordable Housing Pennsville 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, Foresight Affordable Housing Pennsville Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO MAINTAIN AND OTHERWISE PROVIDE HOUSING FACILITIES AND SERVICE THROUGH HOUSING ASSISTANCE WITH HUD WHICH IS DESIGNED TO MEET THE PARTICULAR NEEDS OF THE INHABITANTS OF HUD PROJECT 035-EH016

Describe the Organization's Program Activity:

Part 3 - Line 4a

SERVICE COORDINATOR HUD GRANT NUMBER NJ39CS9700200


TO MAINTAIN AND OTHERWISE PROVIDE HOUSING FACILITIES AND SERVICE THROUGH HOUSING ASSISTANCE WITH HUD WHICH IS DESIGNED TO MEET THE PARTICULAR NEEDS OF THE INHABITANTS OF HUD PROJECT 035-EH016


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Board, Officers & Key Employees

Name (title)Compensation
Donald Reape
President
$0
Dr Bruce Johnson
Vice Pres./a
$0
E James Henderson Jr
Secretary /t
$0
Lynda Barness
Trustee
$0
Michael Byrnes
Trustee
$0
Janvier Osborn
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $39,415
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$39,415
Total Program Service Revenue$1,491,557
Investment income $757
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 $1,531,729

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