Adti Housing Corp
- Assets
- $8.8m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Raritan, NJ
- Founding
- 02/1994
- Data as of
- 06/2020
- EIN
- 22-3226571
Organization Overview
Adti Housing Corp is located in Raritan, NJ. The organization was established in 1994. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adti Housing 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 06/2020, Adti Housing Corp generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.6m during the year ending 06/2020. While expenses have increased by 6.6% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO CONSUMERS OF ALTERNATIVES, INC. (A NOT-FOR-PROFIT CORPORATION) AND MEMBERS OF THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADTI HOUSING CORP. IS A SUBSIDIARY OF ALTERNATIVES, INC., A NJ NOT-FOR-PROFIT CORPORATION, DEDICATED TO THE CREATION OF AFFORDABLE HOUSING FOR ALTERNATIVES, INC.'S CONSUMERS WITH SPECIAL NEEDS AS WELL AS LOW/MODERATE INCOME PEOPLE FROM THE GENERAL PUBLIC (CONTINUED ON SCHEDULE O).
ADTI HOUSING CORP. IS A SUBSIDIARY OF ALTERNATIVES, INC., A NJ NOT-FOR-PROFIT CORPORATION, DEDICATED TO THE CREATION OF AFFORDABLE HOUSING FOR ALTERNATIVES, INC.'S CONSUMERS WITH SPECIAL NEEDS AS WELL AS LOW/MODERATE INCOME PEOPLE FROM THE GENERAL PUBLIC (CONTINUED ON SCHEDULE O).
ADTI HOUSING CORP. IS A SUBSIDIARY OF ALTERNATIVES, INC., A NJ NOT-FOR-PROFIT CORPORATION, DEDICATED TO THE CREATION OF AFFORDABLE HOUSING FOR ALTERNATIVES, INC.'S CONSUMERS WITH SPECIAL NEEDS AS WELL AS LOW/MODERATE INCOME PEOPLE FROM THE GENERAL PUBLIC (CONTINUED ON SCHEDULE O).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Good President, Trustee | OfficerTrustee | 2 | $0 |
Morris Malstrom Chair, Trustee | OfficerTrustee | 1 | $0 |
Kenneth Meyers Treasurer, Trustee | OfficerTrustee | 1 | $0 |
Richard Sample 1st Vice Chair, Trustee | OfficerTrustee | 1 | $0 |
Mohan Tummalapalli 2nd Vice Chair, Trustee | OfficerTrustee | 1 | $0 |
Susan Anczarki Secretary, Trustee | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,100 |
| Investment income | $15,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,819 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,767,798 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $415,852 |
| Pension plan accruals and contributions | $8,017 |
| Other employee benefits | $36,497 |
| Payroll taxes | $68,842 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,277 |
| Fees for services: Accounting | $13,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,073 |
| Advertising and promotion | $3,349 |
| Office expenses | $28,125 |
| Information technology | $5,125 |
| Royalties | $0 |
| Occupancy | $571,543 |
| Travel | $1,414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $610 |
| Interest | $40,656 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $286,280 |
| Insurance | $35,088 |
| All other expenses | $0 |
| Total functional expenses | $1,554,428 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $303,771 |
| Savings and temporary cash investments | $1,147,143 |
| Pledges and grants receivable | $284,086 |
| Accounts receivable, net | $46,606 |
| 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 | $6,179 |
| Investments—publicly traded securities | $457,018 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $338,673 |
| Total assets | $8,810,188 |
| Accounts payable and accrued expenses | $45,309 |
| Grants payable | $0 |
| Deferred revenue | $7,457 |
| Tax-exempt bond liabilities | $187,885 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,245,517 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $85,785 |
| Total liabilities | $1,571,953 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,238,235 |
Grants Awarded
Over the last fiscal year, Adti Housing Corp has awarded $383,765 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Raritan, NJ PURPOSE: Construction | $175,845 |
Raritan, NJ PURPOSE: Construction | $117,218 |
Raritan, NJ PURPOSE: Construction | $90,702 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shared Support South Inc Warrington, PA | $9,549,705 | $20,704,692 |
Viecare Butler Llc Cranberry Township, PA | $15,820,808 | $20,591,438 |
Valley View Haven Inc Belleville, PA | $35,512,325 | $21,268,828 |
The Arc Morris County Chapter Nj Inc Morris Plains, NJ | $23,360,035 | $22,219,596 |
Pathways To Housing Pa Philadelphia, PA | $7,362,789 | $17,371,070 |
Reach Riverside Development Corporation Wilmington, DE | $31,775,413 | $42,220,664 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
Alfa Development Inc Newfoundland, NJ | $12,469,438 | $16,200,874 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Community Action Agency Of Delaware County Inc Boothwyn, PA | $15,976,339 | $8,682,122 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |