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Central Jersey Community Development Corporation FY2020 filing

Tax-deductible

Somerset, NJ501(c)(3)Religion EIN 22-3213404Revenue $40K in FY2020

On file with the IRScjcdc.org771 Somerset St, 08873-3736 · Somerset, NJTax-exempt since May 1994Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Central Jersey Community Development Corporation is to rebuild communities, one family at a time by improving the social, educational, and economic conditions in targeted areas throughout the state of new Jersey

501(c)(3) charity; gifts are tax-deductible.
20¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $4K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
20%
of spending
Concern: 20% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$418K
543% of total assets
Concern: liabilities are 543% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$40K
Spent
$29K
To programs
20%
Net assets
−$341K
By yearFY2020–FY2024
Revenue
$40K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$40K
FY2021$56K
FY2022$0
FY2023$0
FY2024$0
Expenses
$29K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$29K
FY2021$46K
FY2022$0
FY2023$0
FY2024$0
Net assets
−$341K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$341K
FY2021−$332K
FY2022−$332K
FY2023−$332K
FY2024−$332K

From the FY2020 Form 990 · 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 May 1994.

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

Where the money goes

20 cents of each dollar spent went to programs.

Program services 20% · $6K Management & general 80% · $23K Fundraising 0% · $106

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Earl Roach
Vice Chairma
$0Pt VII · Sec A
See Central Jersey Community Development Corporation executive salaries →

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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 15aYes

Programs and updates

Rebuilds communities by improving social, educational, and economic conditions for families.

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Provided by the organization

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2 programs · $6K · in their own filed words · FY2020
01

Community Development

Coordinated the concerns of business and community leaders in the target neighborhood by identifying and proposing redevelopment initiatives.

$4Kprogram expense
02

Family Resource Center

Services which direct families and youth in the renaissance 2000 community towards self suffuciency through training, counseling and employment assistance.

$1Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $20K · 2021–2021
CDC Properties INCNJ · FY2021$20,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$40K
Ln 12
Gifts and grantsLn 1h$40K
Money outPt IX
$29K
Ln 25
Programscol B$6K
Managementcol C$23K
Fundraisingcol D$106
Owns and owesPt X
−$341K
net assets · Ln 32
Cash and savingsLn 1–2$34K
Total assetsLn 16$77K
LiabilitiesLn 26$418K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Government grantsLn 1e$6K
Total revenueLn 12$40K
Assets in detailPt X, end of year
CashLn 1$34K
Cash and savings togetherLn 1–2$34K
Land, buildings, equipmentLn 10c$32
Other assetsLn 15$43K
Total assetsLn 16$77K
LiabilitiesLn 26$418K
Net assetsLn 32−$341K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
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$33K$34K
Land, buildings, equipmentLn 10c$96$32
Total assetsLn 16$81K$77K
LiabilitiesLn 26$360K$418K
Net assetsLn 32−$280K−$341K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$683$653$27$3
OccupancyLn 16$1K$1K
InterestLn 20$14K$14K
Depreciation, depletion and amortizationLn 22$64$64
InsuranceLn 23$2K$2K$324
Other expenses (24a–d)Ln 24$9K$1K$7K
All other expensesLn 24e$197$94$103
Total functional expensesLn 25$29K$6K$23K$106

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $0$0$0−$332K 990 PDF
FY2023 $0$0$0−$332K 990 PDF
FY2022 $0$0$0−$332K 990 PDF
FY2021 $56K$46K$9K−$332K 990 PDF
FY2020 Viewing $40K$29K$12K−$341K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $40,343 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $97,631$40,343
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$13,953$0
I-12 Total revenuePrior year $83,678$40,343
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,335$28,545
I-18 Total expensesPrior year $16,335$28,545
I-19 Revenue less expensesPrior year $67,343$11,798
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $40,343 across 4 lines filed
VIII-1e Government grants$5,500
VIII-1f All other contributions, gifts and grants$34,843
VIII-1h Total contributions, gifts and grants$40,343
VIII-12 Total revenue$40,343
Part IX · Statement of functional expenses $28,545 across 8 lines filed
IX-11c Accounting feesPrograms $1,775$1,775
IX-12 Advertising and promotionPrograms $653 · Management $27 · Fundraising $3$683
IX-16 OccupancyManagement $1,464$1,464
IX-20 InterestManagement $13,658$13,658
IX-22 Depreciation, depletion and amortizationPrograms $64$64
IX-23 InsurancePrograms $1,699 · Management $324$2,023
IX-24 Other expenses (24a–d)Programs $1,387 · Management $7,294$8,681
IX-24e All other expensesManagement $94 · Fundraising $103$197
IX-25 Total functional expensesPrograms $5,578 · Management $22,861 · Fundraising $106$28,545
Part X · Balance sheet $77,083 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $33,264$33,735
X-10c Land, buildings and equipment, netStart of year $96$32
X-15 Other assetsStart of year $47,376$43,316
X-16 Total assetsStart of year $80,736$77,083
X-26 Total liabilitiesStart of year $360,384$418,396
X-27 Net assets without donor restrictionsStart of year −$279,648−$341,313
X-32 Total net assets or fund balancesStart of year −$279,648−$341,313
X-33 Total liabilities and net assetsStart of year $80,736$77,083
Part XI · Reconciliation of net assets −$341,313 net assets at year end
XI-1 Total revenue$40,343
XI-2 Total expenses$28,545
XI-3 Revenue less expenses$11,798
XI-4 Net assets at start of year−$279,648
XI-8 Prior period adjustments−$73,463
XI-10 Net assets at end of year−$341,313

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

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