New Jersey Association Of Realtors Housing Opportunity Foundation Inc
- Assets
- $268.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- 06/2004
- Data as of
- 12/2020
- EIN
- 81-0636974
Organization Overview
New Jersey Association Of Realtors Housing Opportunity Foundation Inc is located in Trenton, NJ. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Jersey Association Of Realtors Housing Opportunity Foundation 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, New Jersey Association Of Realtors Housing Opportunity Foundation Inc generated $5.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.3%) each year. All expenses for the organization totaled $8.1k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (31.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
HOUSING IS AN ESSENTIAL PART OF THE WAY COMMUNITIES FUNCTION AND THRIVE. THE NEW JERSEY REALTORS HOUSING OPPORTUNITY FOUNDATION INC. INCREASES OPPORTUNITIES IN NEW JERSEY FOR SAFE, AFFORDABLE HOUSING. FUNDS PROVIDED TO THE FOUNDATION GO TOWARDS OTHER 501(C)(3) ORGANIZATIONS THROUGHOUT THE STATE THAT CREATE AFFORDABLE HOMEOWNERSHIP OPTIONS, DEVELOP PUBLIC AWARENESS, AND OFFER HOMEBUYER EDUCATION.PROJECTS NJ REALTORS HOF HAS SUPPORTED INCLUDE: DONATIONS TO VICTIMS OF SUPERSTORM SANDY TRAINING REALTORS THROUGH THE EMPLOYER-ASSISTED HOUSING AND EXPANDING HOUSING OPPORTUNITY SEMINARS TO HELP BUSINESSES DEVELOP EAH BENEFIT PLANS FOR THEIR EMPLOYEES PROVIDING FINANCIAL LITERACY AND HOMEBUYER SEMINARS TO THE PUBLIC THROUGHOUT THE STATE SPONSORSHIP OF HABITAT FOR HUMANITY PROJECTS AROUND THE STATE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christina P Clemans President | 1 | $0 | |
Drew Fishman Vice President | 1 | $0 | |
William J Hanley Treasurer | 1 | $0 | |
Diana Bustamante Secretary | 1 | $0 | |
Christina Banasiak Trustee | 0.1 | $0 | |
Eugenia Bonilla Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,288 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,012 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,300 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,625 |
| Occupancy, rent, utilities, and maintenance | $5,000 |
| Printing, publications, postage, and shipping | $342 |
| Other expenses | $99 |
| Total expenses | $8,066 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $268,235 |
| Other assets | $0 |
| Total assets | $268,235 |
| Total liabilities | $0 |
| Net assets or fund balances | $268,235 |
Grants Awarded
Over the last fiscal year, New Jersey Association Of Realtors Housing Opportunity Foundation Inc has awarded $9,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS & GIRLS CLUB OF MERCER COUNTY PURPOSE: GENERAL | $5,000 |
HOMEFRONT INC PURPOSE: GENERAL | $2,500 |
RARITAN VALLEY HABITAT FOR HUMANITY PURPOSE: GENERAL | $1,500 |