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Griggs Farm INC FY2020 filing

Tax-deductible

Princeton, NJ501(c)(3)Housing EIN 20-8198080Revenue $595K in FY2020Latest return filed Nov 6, 2025

On file with the IRSprincetoncommunityhousing.orgPrinceton, NJTax-exempt since Jun 2007Publicly supported — 509(a)(2)

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Provide quality homes in a diverse community for households whose total gross incomes fall between 30 and 60 percent of the area median and within guidelines set by the department of housing and urban development for low income households rent for all units is set at 30% of gross income.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8198080) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $29K a year · 5% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.3 mo
of spending, in cash
1.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $110K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$233K
22% of total assets
Liabilities are 22% of assets.
Pt X · Ln 26
Independent board members
19
of 19 voting members
19 of 19 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$595K
Spent
$486K
To programs
83%
Net assets
$846K
By yearFY2020–FY2024
Revenue
$595K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$595K
FY2021$644K
FY2022$640K
FY2023$638K
FY2024$744K
Expenses
$486K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$486K
FY2021$645K
FY2022$689K
FY2023$657K
FY2024$637K
Net assets
$846K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$846K
FY2021$845K
FY2022$796K
FY2023$777K
FY2024$884K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $405K Management & general 17% · $81K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
Alexander Pena
Outgoing Treasurer
$0Pt VII · Sec A
Alice K Small
Vice President
$0Pt VII · Sec A
Ann Peretzman
Outgoing Board Member
$0Pt VII · Sec A
Anne Stewart
Board Member
$0Pt VII · Sec A
C Vanleer Davis
Board Member
$0Pt VII · Sec A
Caroline Travers
Board Member
$0Pt VII · Sec A
Catherine Stroup
Outgoing Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Griggs Farm INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable homes for low-income families, charging rent based on their income.

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1 program · $405K · in their own filed words · FY2020
01

Griggs farm, inc owns 70 affordable low income units. The griggs farm community also includes 70 affordable ownership units managed by the municipality of princeton, and 140 market rate private ownership units.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 20-8198080) · Dispute this line
$405Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Princeton Community Housing INCFY2024$110K
Total grants receivedfrom 1 funder$110K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$595K
Ln 12
Fees for servicesLn 2g$574K
Gifts and grantsLn 1h$20K
Investment incomeLn 3$679
Money outPt IX
$486K
Ln 25
Programscol B$405K
Managementcol C$81K
Owns and owesPt X
$846K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$1.1M
LiabilitiesLn 26$233K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$20K
Fees for servicesLn 2g$574K
Investment incomeLn 3$679
Total revenueLn 12$595K
Assets in detailPt X, end of year
CashLn 1$44K
SavingsLn 2$7K
Cash and savings togetherLn 1–2$51K
Accounts receivableLn 4$25K
Prepaid expenses and deferred chargesLn 9$6K
Land, buildings, equipmentLn 10c$727K
Other assetsLn 15$270K
Total assetsLn 16$1.1M
LiabilitiesLn 26$233K
Net assetsLn 32$846K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$70K$51K
Land, buildings, equipmentLn 10c$714K$727K
Total assetsLn 16$1.0M$1.1M
LiabilitiesLn 26$296K$233K
Net assetsLn 32$737K$846K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$80K$63K$16K
Pension plan contributionsLn 8$2K$2K$448
Other employee benefitsLn 9$15K$12K$3K
Payroll taxesLn 10$7K$5K$2K
Management feesLn 11a$39K$39K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$16K$16K
Office expensesLn 13$1K$1K
Information technologyLn 14$6K$6K$756
OccupancyLn 16$39K$36K$2K
Conferences, conventions and meetingsLn 19$238$238
InterestLn 20$10K$10K
Depreciation, depletion and amortizationLn 22$20K$20K
InsuranceLn 23$18K$18K
Other expenses (24a–d)Ln 24$230K$230K
Total functional expensesLn 25$486K$405K$81K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 6, 2025 $744K$637K$107K$884K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $638K$657K−$19K$777K 990 PDF
FY2022Filed with the IRS Oct 18, 2023 $640K$689K−$49K$796K 990 PDF
FY2021Filed with the IRS Nov 7, 2022 $644K$645K−$735$845K 990 PDF
FY2020 ViewingFiled with the IRS Oct 29, 2021 $595K$486K$109K$846K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $594,567 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $50,000$20,000
I-9 Program service revenuePrior year $517,387$573,888
I-10 Investment incomePrior year $864$679
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $568,251$594,567
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $128,847$103,388
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $447,163$382,376
I-18 Total expensesPrior year $576,010$485,764
I-19 Revenue less expensesPrior year −$7,759$108,803
Part VI · Governance 19 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $594,567 across 5 lines filed
VIII-1d Related organizations$20,000
VIII-1h Total contributions, gifts and grants$20,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $573,888$573,888
VIII-3 Investment incomeExcluded from tax $679$679
VIII-12 Total revenueRelated to mission $573,888 · Unrelated business $0 · Excluded from tax $679$594,567
Part IX · Statement of functional expenses $485,764 across 15 lines filed
IX-7 Other salaries and wagesPrograms $63,167 · Management $16,447$79,614
IX-8 Pension plan contributionsPrograms $1,648 · Management $448$2,096
IX-9 Other employee benefitsPrograms $11,584 · Management $2,940$14,524
IX-10 Payroll taxesPrograms $5,456 · Management $1,698$7,154
IX-11a Management feesManagement $38,558$38,558
IX-11b Legal feesPrograms $2,610$2,610
IX-11c Accounting feesManagement $16,025$16,025
IX-13 Office expensesManagement $1,433$1,433
IX-14 Information technologyPrograms $5,679 · Management $756$6,435
IX-16 OccupancyPrograms $36,291 · Management $2,377$38,668
IX-19 Conferences, conventions and meetingsPrograms $238$238
IX-20 InterestPrograms $9,773$9,773
IX-22 Depreciation, depletion and amortizationPrograms $20,412$20,412
IX-23 InsurancePrograms $18,467$18,467
IX-24 Other expenses (24a–d)Programs $229,757$229,757
IX-25 Total functional expensesPrograms $405,082 · Management $80,682 · Fundraising $0$485,764
Part X · Balance sheet $1,078,943 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $63,687$43,923
X-2 Savings and temporary cash investmentsStart of year $6,807$6,893
X-4 Accounts receivableStart of year $4,459$25,046
X-9 Prepaid expenses and deferred chargesStart of year $5,048$6,287
X-10c Land, buildings and equipment, netStart of year $713,878$726,616
X-15 Other assetsStart of year $239,047$270,178
X-16 Total assetsStart of year $1,032,926$1,078,943
X-17 Accounts payable and accrued expensesStart of year $20,846$15,866
X-19 Deferred revenueStart of year $4,937$9,098
X-21 Escrow or custodial accountsStart of year $64,987$65,335
X-23 Secured mortgages and notes payableStart of year $205,248$142,933
X-26 Total liabilitiesStart of year $296,018$233,232
X-27 Net assets without donor restrictionsStart of year $736,908$845,711
X-32 Total net assets or fund balancesStart of year $736,908$845,711
X-33 Total liabilities and net assetsStart of year $1,032,926$1,078,943
Part XI · Reconciliation of net assets $845,711 net assets at year end
XI-1 Total revenue$594,567
XI-2 Total expenses$485,764
XI-3 Revenue less expenses$108,803
XI-4 Net assets at start of year$736,908
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$845,711

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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