J-Hap Inc
- Assets
- $2.4m
- Revenue
- $420.5k
- Investments
- $0.0
- Employees
- 8
- Location
- Golden Valley, MN
- Founding
- 02/2012
- Data as of
- 12/2020
- EIN
- 27-2033464
Organization Overview
J-Hap Inc is located in Golden Valley, MN. The organization was established in 2012. 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 12/2021, J-Hap Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J-Hap 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 12/2020, J-Hap Inc generated $420.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $475.2k during the year ending 12/2020. 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
J-HAP CREATES CARING, SAFE AND INCLUSIVE COMMUNITIES WHERE ADULTS WITH DEVELOPMENTAL DISABILITIES BUILD INDEPENDENT LIVES FILLED WITH MEANINGFUL EXPERIENCES AND RELATIONSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
J-HAP PLANNED FOR, FUNDRAISED FOR, AND CO-DEVELOPED A 45-UNIT AFFORDABLE HOUSING PROJECT FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. THIS NEW HOUSING ENVIRONMENT WILL ALLOW J-HAP TO PROVIDE PROGRESSIVE AMENITIES TO ADULTS WITH DEVELOPMENTAL DISABILITIES TO FOSTER SELF-RELIANCE AND SELF-ASSURANCE AND ALLOW THESE INDIVIDUALS TO LIVE INDEPENDENTLY. J-HAP OFFERS INDIVIDUALIZED GUIDANCE AND SUPPORT TO ENABLE A HIGH QUALITY OF LIFE ENRICHED WITH SOCIAL, EDUCATIONAL, VOCATIONAL, SPIRITUAL, CULTURAL AND RECREATIONAL OPPORTUNITIES. CONSTRUCTION OF THE HOUSING PROJECT WAS COMPLETED IN JANUARY, 2017
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bialick President Emeritus | OfficerTrustee | 20 | $0 |
Marvin Liszt Board Chair | OfficerTrustee | 1 | $0 |
Allie Markman Divine Secretary | OfficerTrustee | 1 | $0 |
Marsha Seltz President | OfficerTrustee | 5 | $0 |
Nancy Lehrman Treasurer | OfficerTrustee | 1 | $0 |
Bruce Gershman Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $388,380 |
| Investment income | $48 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,368 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $420,462 |
| 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 | $55,900 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,600 |
| Fees for services: Accounting | $34,849 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,586 |
| Advertising and promotion | $1,184 |
| Office expenses | $0 |
| Information technology | $10,197 |
| Royalties | $0 |
| Occupancy | $34,899 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,361 |
| Insurance | $5,776 |
| All other expenses | $0 |
| Total functional expenses | $475,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,049 |
| Savings and temporary cash investments | $422,783 |
| Pledges and grants receivable | $165,927 |
| 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 | $4,699 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,361,031 |
| Accounts payable and accrued expenses | $19,752 |
| 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 | $576,862 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $128,223 |
| Total liabilities | $724,837 |
| 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 | $1,636,194 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that J-Hap Inc has recieved totaling $72,572.
| Awarding Organization | Amount |
|---|---|
Minneapolis Jewish Federation Minneapolis, MN PURPOSE: GENERAL OPERATING SUPPORT | $43,850 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT | $14,018 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $7,450 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $7,114 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $140 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
Community Action Region Vi Jamestown, ND | $1,501,649 | $3,945,545 |
Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
Beyond Shelter Inc Fargo, ND | $39,993,501 | $6,508,362 |
3700 Green Tree Corporation Milwaukee, WI | $10,160,568 | $2,809,473 |