Shalom Housing Development Inc

Organization Overview

Shalom Housing Development Inc is located in Pleasantville, NJ. The organization was established in 2016. 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. Shalom Housing Development 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 06/2022, Shalom Housing Development Inc generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.8%) each year. All expenses for the organization totaled $51.0k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SERVE AS DEVELOPER AND PROVIDE SUPPORT FOR SHALOM TOWERS INC, A NONPROFIT CORPORATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DURING THE FISCAL YEAR ENDED 06-30-22, SHALOM HOUSING DEVELOPMENT INC ASSISTED SHALOM TOWERS INC, A NEW JERSEY NONPROFIT CORPORATION, BY PROVIDING GRANTS TOTALING $45,000 TO FUND MAJOR REPAIRS AND IMPROVEMENTS TO A 150 UNIT SENIOR CITIZEN RENTAL PROJECT OWNED BY SHALOM TOWERS INC.


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Board, Officers & Key Employees

Name (title)Compensation
Yale Steingard
Trustee/president
$0
Elliott Kraus
Trustee/secretary
$0
Faye Thompson
Trustee
$0
Mckinsey Alston
Trustee
$0
Shane Conesky
Trustee
$0
Richard Prince
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$0
Investment income $60,195
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $12,159
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $72,354

Grants Awarded

Over the last fiscal year, Shalom Housing Development Inc has awarded $162,343 in support to 2 organizations.

Grant RecipientAmount

SHALOM TOWERS INC

Org PageRecipient Profile

Ventnor, NJ

PURPOSE: TO FUND REPAIRS, MAINTAIN THE BUILDING, AND TO PROVIDE IMPROVEMENTS.

$87,343

SHALOM TOWERS INC

Org PageRecipient Profile

Ventnor, NJ

PURPOSE: TO FUND PURCHASE OF MINI-BUS TO ASSIST ELDERLY RESIDENTS WITH THEIR FOOD SHOPPING, DR. APPTS. AND RECREATION NEEDS.

$75,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Shalom Housing Development Inc has recieved totaling $60,508.

Awarding OrganizationAmount
Community Food Bank Of New Jersey Inc

Hillside, NJ

PURPOSE: Food Distribution

$60,508
View Grant Recipient Profile

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