Cape May Project INC FY2021 filing

Tax-deductible

Freehold, NJ501(c)(3)HousingEIN 26-4153204Revenue $64K in FY2021

On file with the IRS11 Spring St, 07728-1843 · Freehold, NJTax-exempt since Dec 2009Publicly supported charity — 170(b)(1)(A)(vi)

Tell your story. Claim this org

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
0 of 5
filings with a surplus
Average deficit $18K a year · 27% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 27.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
117% of total assets
Concern: liabilities are 117% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$64K
-1% vs prior year
Spent
$80K
To programs
89%
Net assets
−$203K
By yearFY2020–FY2024
Revenue
$64K
FY2021▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$65K
FY2021$64K
FY2022$64K
FY2023$64K
FY2024$65K
Expenses
$80K
FY2021▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2020$76K
FY2021$80K
FY2022$86K
FY2023$81K
FY2024$87K
Net assets
−$203K
FY2021▼ -8%
Tap a bar for its year
Net assets by fiscal year
FY2020−$187K
FY2021−$203K
FY2022−$225K
FY2023−$241K
FY2024−$263K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 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 Dec 2009.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $71K Management & general 11% · $9K

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

Something off? Claim to fix it

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cape May Project INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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

Offers housing and services for elderly or disabled individuals to enhance their well-being and independence.

Questions for Cape May Project INC

Tap to ask. Cape May Project INC sees how many people are interested.

Your first name shows with your question. Cape May Project INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $71K · in their own filed words · FY2021
01

To provide elderly or disabled persons with housing facilities and services specially designed to meet their physical, social and psychological needs, and to promote their health, security, happiness, and usefulness in longer living.

$71Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$64K
Ln 12
Fees for servicesLn 2g$64K
Other incomeLn 4–11$68
Investment incomeLn 3$52
Money outPt IX
$80K
Ln 25
Programscol B$71K
Managementcol C$9K
Owns and owesPt X
−$203K
net assets · Ln 32
Cash and savingsLn 1–2$185K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$64K
Investment incomeLn 3$52
Other incomeLn 4–11$68
Gains on assetsLn 7$0
Total revenueLn 12$64K
Assets in detailPt X, end of year
CashLn 1$185K
SavingsLn 2$0
Cash and savings togetherLn 1–2$185K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$938K
Other assetsLn 15$97K
Total assetsLn 16$1.2M
LiabilitiesLn 26$1.4M
Net assetsLn 32−$203K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$170K$185K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$932K$938K
Total assetsLn 16$1.2M$1.2M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$187K−$203K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$4K$4K
Legal feesLn 11b$258$258
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$32K$32K
All other expensesLn 24e$153$153
Total functional expensesLn 25$80K$71K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $65K$87K−$22K−$263K 990 PDF
FY2023 $64K$81K−$17K−$241K 990 PDF
FY2022 $64K$86K−$22K−$225K 990 PDF
FY2021 Viewing $64K$80K−$16K−$203K 990 PDF
FY2020 $65K$76K−$11K−$187K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $63,876 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $63,756$63,756
I-10 Investment incomePrior year $604$52
I-11 Other revenuePrior year $253$68
I-12 Total revenuePrior year $64,613$63,876
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 $75,914$79,740
I-18 Total expensesPrior year $75,914$79,740
I-19 Revenue less expensesPrior year −$11,301−$15,864
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $63,876 across 9 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $63,756$63,756
VIII-3 Investment incomeRelated to mission $52$52
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $68$68
VIII-12 Total revenueRelated to mission $63,876$63,876
Part IX · Statement of functional expenses $79,740 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesManagement $4,463$4,463
IX-11b Legal feesManagement $258$258
IX-11c Accounting feesManagement $3,950$3,950
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $31,933$31,933
IX-23 InsurancePrograms $6,991$6,991
IX-24 Other expenses (24a–d)Programs $31,992$31,992
IX-24e All other expensesManagement $153$153
IX-25 Total functional expensesPrograms $70,916 · Management $8,824 · Fundraising $0$79,740
Part X · Balance sheet $1,224,767 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $169,922$185,365
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $411$666
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $5,063$3,824
X-10c Land, buildings and equipment, netStart of year $931,777$937,808
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $94,950$97,104
X-16 Total assetsStart of year $1,202,123$1,224,767
X-17 Accounts payable and accrued expensesStart of year $17,320$54,000
X-18 Grants payableStart of year $106,681$118,226
X-19 Deferred revenueStart of year $153$1,979
X-25 Other liabilitiesStart of year $1,273$1,275
X-26 Total liabilitiesStart of year $1,389,186$1,427,694
X-27 Net assets without donor restrictionsStart of year −$187,063−$202,927
X-32 Total net assets or fund balancesStart of year −$187,063−$202,927
X-33 Total liabilities and net assetsStart of year $1,202,123$1,224,767
Part XI · Reconciliation of net assets −$202,927 net assets at year end
XI-1 Total revenue$63,876
XI-2 Total expenses$79,740
XI-3 Revenue less expenses−$15,864
XI-4 Net assets at start of year−$187,063
XI-10 Net assets at end of year−$202,927

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.