Palisades Emergency Residence Corp
- Assets
- $3.0m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 20
- Location
- Union City, NJ
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 22-2985600
Organization Overview
Palisades Emergency Residence Corp is located in Union City, NJ. The organization was established in 1990. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Palisades Emergency Residence Corp employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palisades Emergency Residence 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 12/2021, Palisades Emergency Residence Corp generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $1.1m 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 PROVIDE TEMPORARY HOUSING AND MEALS FOR HOMELESS PEOPLE ALONG WITH OUTREACH AND LITERACY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE TEMPORARY HOUSING FOR HOMELESS MEN, WOMEN AND CHILDREN. ALSO, TO PROVIDE MEALS FOR HOMELESS MEN, WOMEN AND CHILDREN. WE ALSO PROVIDE AN OUTREACH PROGRAM TO HOMELESS INDIVIDUALS ON SITE ALONG WITH COMPUTER AND LITERACY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Van Brunt President | OfficerTrustee | 1 | $0 |
Carol Dejesus V. Pres. / S | OfficerTrustee | 1 | $0 |
William Carpenter Jr V. Pres. / T | OfficerTrustee | 1 | $0 |
Carol Mori Executive Di | Officer | 1 | $0 |
John Restrepo Program Dire | Officer | 1 | $0 |
Susan Milan Program Dire | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $992,813 |
| All other contributions, gifts, grants, and similar amounts not included above | $234,320 |
| Noncash contributions included in lines 1a–1f | $196,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,227,133 |
| Total Program Service Revenue | $94,581 |
| Investment income | $24 |
| 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 | $1,321,738 |
| 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 | $449,379 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $123,523 |
| Payroll taxes | $42,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,014 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $343 |
| Office expenses | $24,831 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,946 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $89,874 |
| Insurance | $13,412 |
| All other expenses | $25,738 |
| Total functional expenses | $1,112,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $703,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $409,432 |
| Accounts receivable, net | $0 |
| 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 | $10,247 |
| Net Land, buildings, and equipment | $1,708,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $126,091 |
| Total assets | $2,958,076 |
| Accounts payable and accrued expenses | $343,358 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,966,137 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,309,495 |
| Net assets without donor restrictions | $648,581 |
| 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 | $2,958,076 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Palisades Emergency Residence Corp has recieved totaling $25,963.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $10,036 |
Ponce De Leon Foundation Bronx, NY PURPOSE: EMERGENCY SHELTER SERVICES | $10,000 |
Table To Table Inc Hasbrouck Heights, NJ PURPOSE: FOOD PROVIDED TO LOCAL NOT FOR PROFIT ORGANIZATIONS TO DISTRIBUTE TO THE HUNGRY IN BERGEN, HUDSON, ESSEX AND PASSAIC COUNTIES | $5,840 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $87 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Lifting Up Westchester Inc White Plains, NY | $11,378,064 | $11,870,807 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Rescue Mission Of Utica Inc Utica, NY | $9,177,377 | $6,677,348 |
Family Promise Inc Summit, NJ | $7,678,924 | $6,508,376 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
Person Centered Housing Options Rochester, NY | $1,060,718 | $6,884,446 |
Homeless Solutions Inc Cedar Knolls, NJ | $23,789,271 | $6,094,141 |
Concourse House Housing Development Fund Company Inc Bronx, NY | $3,401,118 | $5,844,314 |
Bethesda Project Philadelphia, PA | $5,417,974 | $5,948,466 |