Martin De Porres Village Inc
- Assets
- $8.2m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 10
- Location
- Paterson, NJ
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 22-2335549
Organization Overview
Martin De Porres Village Inc is located in Paterson, NJ. The organization was established in 1946. 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 12/2021, Martin DE Porres Village Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin DE Porres Village 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, Martin DE Porres Village Inc generated $2.9m 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 $2.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A LOW INCOME HOUSING PROJECT THAT PROVIDES AFFORDABLE HOUSING FOR 143 FAMILIES IN PATERSON, NEW JERSEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deacon Joseph A Puskas Treasurer | OfficerTrustee | 5 | $0 |
Joseph Duffy Secretary | OfficerTrustee | 1 | $0 |
Rev Msgt Herbert K Tillyer President | OfficerTrustee | 10 | $0 |
Deacon Peter A Cistaro Vice President | OfficerTrustee | 1 | $0 |
Sister Christina Schoen Director | Trustee | 1 | $0 |
Lynn E Gaffney Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,898,843 |
| Investment income | $10,259 |
| 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 | $2,927,964 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $384,503 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,446 |
| Payroll taxes | $31,151 |
| Fees for services: Management | $153,479 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,230 |
| Office expenses | $41,451 |
| Information technology | $12,358 |
| Royalties | $0 |
| Occupancy | $934,035 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $40,156 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,751 |
| Insurance | $118,875 |
| All other expenses | $0 |
| Total functional expenses | $2,090,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,182 |
| Savings and temporary cash investments | $4,444,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,342 |
| 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 | $63,705 |
| Net Land, buildings, and equipment | $3,376,321 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $14,851 |
| Other assets | $8,595 |
| Total assets | $8,154,283 |
| Accounts payable and accrued expenses | $81,447 |
| Grants payable | $0 |
| Deferred revenue | $10,295 |
| 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 | $468,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,250 |
| Total liabilities | $617,215 |
| Net assets without donor restrictions | $7,537,068 |
| 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 | $8,154,283 |
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