Cathedral Square Housing Inc
- Assets
- $3.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 15
- Location
- Princeton, NJ
- Founding
- 12/2016
- Data as of
- 09/2022
- EIN
- 22-2459464
Organization Overview
Cathedral Square Housing Inc is located in Princeton, NJ. The organization was established in 2016. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 09/2022, Cathedral Square Housing Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Square Housing 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 09/2022, Cathedral Square Housing Inc generated $1.7m 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 $1.6m during the year ending 09/2022. While expenses have increased by 0.9% 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
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION PROVIDES SUBSIDIZED HOUSING FOR LOW INCOME ELDER AND HANDICAPPED PERSONS IN ACCORDANCE WITH SECTION 8.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Helen Marie Dolton Vice President | OfficerTrustee | 0.1 | $0 |
Mary Lou Delahanty Secretary | OfficerTrustee | 0.1 | $0 |
John Dermond President | OfficerTrustee | 0.1 | $0 |
Don Povia Treasurer | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Woodside Kitchens Inc Capital Improvements | 9/29/16 | $138,295 |
Genserve Inc Capital Improvements | 9/29/16 | $112,189 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,332,556 |
| 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 | $1,332,556 |
| Total Program Service Revenue | $314,929 |
| Investment income | $318 |
| 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 | $1,664,818 |
| 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 | $341,939 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,309 |
| Payroll taxes | $30,103 |
| Fees for services: Management | $67,920 |
| Fees for services: Legal | $10,789 |
| Fees for services: Accounting | $19,200 |
| 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 | $4,707 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $464,404 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $199,048 |
| Insurance | $105,976 |
| All other expenses | $0 |
| Total functional expenses | $1,553,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,601 |
| Savings and temporary cash investments | $900,125 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,682 |
| 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 | $78,776 |
| Net Land, buildings, and equipment | $2,644,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,706 |
| Total assets | $3,853,325 |
| Accounts payable and accrued expenses | $99,624 |
| Grants payable | $0 |
| Deferred revenue | $4,209 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $22,438 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,082,390 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,352 |
| Total liabilities | $4,210,013 |
| Net assets without donor restrictions | -$356,688 |
| 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 | $3,853,325 |
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