Daughter Of Miriam Association
- Assets
- $0.0
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 3
- Location
- Clifton, NJ
- Founding
- 08/1966
- Data as of
- 12/2017
- EIN
- 22-9900007
Organization Overview
Daughter Of Miriam Association is located in Clifton, NJ. The organization was established in 1966. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2017, Daughter Of Miriam Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Daughter Of Miriam Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2017, Daughter Of Miriam Association generated $8.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.3% each year . All expenses for the organization totaled $9.3m during the year ending 12/2017. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND RELATED SERVICES TO ELDERLY FAMILIES OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATING, MAINTENANCE, AND FINANCIAL EXPENSES INCURRED IN CONNECTION WITH OPERATING A 120 UNIT APARTMENT COMPLEX AND RELATED FACILITY SERVICES UNDER THE SECTION 202 AND 8 HUD PROGRAMS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phillip Zungri Director Of Maintenence | Officer | 13 | $37,082 |
Robert Laino Controller | Officer | 3 | $15,000 |
Frank Dasilva Secretary | Officer | 3 | $14,014 |
Fred Feinstein Executive Director/vice Pr | Officer | 1 | $3,607 |
Michael Birnberg President | OfficerTrustee | 0.3 | $0 |
Andrew Silverman Trustee | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fox Rothchild Llp Legal Services | 12/30/17 | $150,249 |
David G Kostinas & Associates Consulting Services | 12/30/17 | $129,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,849 |
| 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 | $19,849 |
| Total Program Service Revenue | $590,998 |
| Investment income | $2,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,961,195 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,577,466 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,449,544 |
| 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. | $34,154 |
| Compensation of current officers, directors, key employees. | $34,154 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $77,254 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,395 |
| Payroll taxes | $9,370 |
| Fees for services: Management | $37,268 |
| Fees for services: Legal | $150,249 |
| Fees for services: Accounting | $848 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,510 |
| Advertising and promotion | $0 |
| Office expenses | $243,375 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $80,401 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,395 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,520 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,306,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Daughter Of Miriam Association has awarded $8,449,544 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Clifton, NJ PURPOSE: GENERAL SUPPORT | $8,267,450 |
Clifton, NJ PURPOSE: GENERAL SUPPORT | $182,094 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |
Milford Housing Development Corperation Milford, DE | $34,677,401 | $10,337,525 |