Interfaith Neighbors Inc

Organization Overview

Interfaith Neighbors Inc is located in Asbury Park, NJ. The organization was established in 1988. According to its NTEE Classification (X90) the organization is classified as: Interfaith Coalitions, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Interfaith Neighbors Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interfaith Neighbors 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, Interfaith Neighbors Inc generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $5.1m during the year ending 12/2021. While expenses have increased by 1.8% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEALS, RENTAL ASSISTANCE, UTILITY ASSISTANCE AND AFFORDABLE HOUSING TO UNDERPRIVILEDGED FAMILIES, THE ELDERLY, FRAIL AND THE HOMEBOUND, ALONG WITH OVERALL COMMUNITY DEVELOPMENT IN UNDERPRIVILEDGED NEIGHBORHOODS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN 2021, INTERFAITH NEIGHBORS PROVIDED RENTAL, UTILITY AND MORTGAGE ASSISTANCE TO APPROXIMATELY 460 FAMILIES, WHICH INCLUDED OVER 800 INDIVIDUALS FACING EVICTION OR HOMELESSNESS,ENABLING THEM TO REMAIN IN THEIR PLACE OF RESIDENCE FOLLOWING A SUDDEN ECONOMIC CHALLENGE.


INTERFAITH NEIGHBORS ADDRESSED ISSUES OF FOOD INSECURITY EFFECTING RESIDENTS OF MONMOUTH COUNTY,NEW JERSEY, BY PREPARING, SERVING AND DELIVERING APPROXIMATELY 324,022 MEALS TO THE MOST NEEDY, TO HOMEBOUND SENIOR RESIDENTS AND DISABLED PERSONS. THIS PROGRAM IS ASSISTED BY OVER 500 INDIVIDUAL VOLUNTEERS WHO PROVIDE CLOSE TO 31,500 HOURS OF VOLUNTEER SERVICE TO THIS PROGRAM.


INTERFAITH NEIGHBORS HAS AN ONGOING, STATE APPROVED, NEIGHBORHOOD REVITALIZATION PROGRAM THAT IT HAS UNDERTAKEN ACROSS THE WEST SIDE OF ASBURY PARK, NEW JERSEY. THIS PROGRAM IS AN ACTIVE EFFORT TO ADDRESS A NUMBER OF CONDITIONS WHICH EXIST ACROSS UNDERSERVED COMMUNITIES AND, TAKEN TOGETHER, ADVERSELY EFFECT THE OVERALL HEALTH OF THE COMMUNITY. INTERFAITH'S PROGRAM ENTAILS, AMONG OTHER INITIATIVES, THE BUILDING OF SAFE, CLEAN, AFFORDABLE HOUSING, DEVELOPING WORKFORCE PROGRAMS GEARED TO JOBS IN HIGH DEMAND INDUSTRIES WITH LIVING WAGE SALARIES, INSPIRING COLLABORATION ACROSS COMMUNITY GROUPS FOR FOCUSED NEIGHBORHOOD INITIATIVES, AND PROGRAMS TO BRING AN AWARENESS TO HEALTHY LIFESTYLES AND PROPER NUTRITION, WHICH IS COMBINED WITH INTERFAITH'S DEVELOPMENT OF URBAN FARMS AND A HYDROPONIC FARM IN THEIR UNDERSERVED NEIGHBORHOOD THAT HAS ALSO BEEN DEEMED A FOOD DESERT.


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Board, Officers & Key Employees

Name (title)Compensation
Walter Craig
Assoc Exec D
$96,500
Paul L Mcevily
Executive Di
$90,314
Joseph Marmora
Treasurer/tr
$19,520
Kathleen Ellis
Trustee
$0
Mary Ann Christopher
Trustee
$0
Bob Hogan
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,095,477
All other contributions, gifts, grants, and similar amounts not included above$3,291,586
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,387,063
Total Program Service Revenue$287,273
Investment income $102,705
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $196,842
Net Income from Fundraising Events $98,530
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $7,072,413

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Interfaith Neighbors Inc has recieved totaling $35,000.

Awarding OrganizationAmount
Stone Foundation Of New Jersey

Leonardo, NJ

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
Gannett Foundations Inc

Mclean, VA

PURPOSE: CHARITABLE PURPOSE

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$661,761
Earnings$98,524
Ending Balance$760,285

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