Lin-Mid Corporation
- Assets
- $3.9m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincroft, NJ
- Founding
- 06/1997
- Data as of
- 12/2022
- EIN
- 22-3335349
Organization Overview
Lin-Mid Corporation is located in Lincroft, NJ. The organization was established in 1997. 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. Lin-Mid Corporation 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 12/2022, Lin-Mid Corporation generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 8.4% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LUFTMAN PAVILION (SINGLE MEMBER LLC, A DISREGARDED ENTITY) OPERATES A 60 UNIT LOW-INCOME HOUSING PROJECT THAT MEETS THE SAFE HARBOR FOUND IN REV. PROC. 96-32 AND WHOSE ACTVITIES FURTHER THE ORGANIZATION'S SEC.501(C)(3) CHARITABLE PURPOSE OF PROVIDING AFFORDABLE HOUSING FOR THOSE OF LOW AND MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Rogers Secretary/tr | 0 | $0 | |
Joseph Valentino Trustee | 0 | $0 | |
Carmen Peterson President | 0 | $0 | |
Lois Whittom Trustee | 0 | $0 | |
Eric Van Schaack Vice Preside | 0 | $0 | |
Roberta Sheridan Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $289 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,552,364 |
| Total Revenue | $2,552,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $439,489 |
| Taxes | $0 |
| Depreciation | $240,373 |
| Occupancy | $296,182 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $190,004 |
| Total operating and administrative expenses | $1,205,714 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,205,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,140 |
| Savings and temporary cash investments | $606,443 |
| Net Accounts receivable | $1,080 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,902 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $2,622,339 |
| Other assets | $671,407 |
| Total assets | $3,929,311 |
| Accounts payable and accrued expenses | $64,312 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $545,695 |
| Other liabilities | $64,913 |
| Total liabilities | $674,920 |