Garden State Episcopal Community Development Corp

Tax-deductible

Union City, NJ501(c)(3)Since 1986EIN 31-1551853

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To create healthy neighborhoods through Community Development initiatives that cultivate the resources of residents, businesses, government and the faith-based Community in serving those most vulnerable in our society.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 3 volunteers and 53 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $53K a year · under 1% of revenue · last 5 filings
Concern: a surplus in 2 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
Pay to officers and key staff
$336K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $51K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$15.8M
88% of total assets
Concern: liabilities are 88% of assets; over 80%.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.8M
+3% vs prior year
Spent
$6.4M
To programs
89%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$6.8M
FY2024▲ +3%
Revenue by fiscal year
FY2020$4.7M
FY2021$6.2M
FY2022$6.7M
FY2023$6.6M
FY2024$6.8M
Expenses
$6.4M
FY2024▼ -6%
Expenses by fiscal year
FY2020$5.4M
FY2021$6.1M
FY2022$6.7M
FY2023$6.8M
FY2024$6.4M
Net assets
$2.1M
FY2024▲ +27%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.9M
FY2022$1.9M
FY2023$1.7M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2020.

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% · $5.7M Management & general 11% · $686K Fundraising 0% · $3K

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

10 people listed on the 990; $336K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$185,769Pt VII · Sec A
Social Servs
$150,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Prersid
$0Pt VII · Sec A
Trustee/Foun
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2022FY2021FY2020
Carol Mori$185,769$185,769$189,750$178,962
Susan Milan$150,000$149,712$148,500$125,000
John Restrepo—$78,471$141,534$134,923

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Garden State Episcopal Community Development Corp 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

Develops neighborhoods by uniting residents, businesses, government, and faith groups to help vulnerable people.

Provided by the organization

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1 program · $5.4M · in their own filed words · FY2024
01

Supportive housing for individuals with hiv, and social services to individuals displaced to emergency housing. Job skill training and job placement assistance for unemployed and under-employed new jersey residents. Real estate development of affordable and supportive housing. Property management of affordable rental housing.

$5.4Mprogram 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
Total grants receivedfrom 3 funders$51K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$6.8M
Ln 12
Fees for servicesLn 2g$5.6M
Investment incomeLn 3$691K
Gifts and grantsLn 1h$302K
Money outPt IX
$6.4M
Ln 25
Programscol B$5.7M
Managementcol C$686K
Fundraisingcol D$3K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$17.9M
LiabilitiesLn 26$15.8M
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$302K
Fees for servicesLn 2g$5.6M
Investment incomeLn 3$691K
Other incomeLn 4–11$287K
Gains on assetsLn 7$642K
Total revenueLn 12$6.8M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$8.0M
Other assetsLn 15$6.4M
Total assetsLn 16$17.9M
LiabilitiesLn 26$15.8M
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 553
VolunteersI 63
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 FY24End FY24
Cash and savingsLn 1–2$879K$1.3M
Land, buildings, equipmentLn 10c$8.3M$8.0M
Total assetsLn 16$16.4M$17.9M
LiabilitiesLn 26$14.7M$15.8M
Net assetsLn 32$1.7M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$336K$336K
Other salaries and wagesLn 7$2.1M$1.8M$312K
Other employee benefitsLn 9$675K$567K$108K
Payroll taxesLn 10$220K$191K$29K
Accounting feesLn 11c$54K$54K
Office expensesLn 13$180K$154K$26K
OccupancyLn 16$516K$491K$26K
InterestLn 20$44K$3K$41K
Depreciation, depletion and amortizationLn 22$430K$430K$407
InsuranceLn 23$200K$175K$25K
Other expenses (24a–d)Ln 24$1.6M$1.6M$57K
All other expensesLn 24e$41K$30K$8K$3K
Total functional expensesLn 25$6.4M$5.7M$686K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $6.8M$6.4M$449K$2.1M 990 PDF
FY2023 $6.6M$6.8M−$198K$1.7M 990 PDF
FY2022 $6.7M$6.7M−$27K$1.9M 990 PDF
FY2021 $6.2M$6.1M$136K$1.9M 990 PDF
FY2020 $4.7M$5.4M−$625K$1.4M 990 PDF

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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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $6,849,000 across 7 lines filed
VIII-1f All other contributions, gifts and grants$301,973
VIII-1h Total contributions, gifts and grants$301,973
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,568,574$5,568,574
VIII-3 Investment incomeRelated to mission $48,759$48,759
VIII-7 Net gain or loss on sales of assetsRelated to mission $642,350$642,350
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $287,344$287,344
VIII-12 Total revenueRelated to mission $6,547,027$6,849,000
Part IX · Statement of functional expenses $6,400,003 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $335,769$335,769
IX-7 Other salaries and wagesPrograms $1,776,333 · Management $312,412$2,088,745
IX-9 Other employee benefitsPrograms $567,040 · Management $108,021$675,061
IX-10 Payroll taxesPrograms $190,869 · Management $29,468$220,337
IX-11c Accounting feesManagement $53,736$53,736
IX-13 Office expensesPrograms $154,242 · Management $25,551$179,793
IX-16 OccupancyPrograms $490,600 · Management $25,538$516,138
IX-20 InterestPrograms $2,707 · Management $40,863$43,570
IX-22 Depreciation, depletion and amortizationPrograms $429,874 · Management $407$430,281
IX-23 InsurancePrograms $175,416 · Management $24,562$199,978
IX-24 Other expenses (24a–d)Programs $1,558,330 · Management $57,288$1,615,618
IX-24e All other expensesPrograms $29,883 · Management $7,974 · Fundraising $3,120$40,977
IX-25 Total functional expensesPrograms $5,711,063 · Management $685,820 · Fundraising $3,120$6,400,003
Part X · Balance sheet $17,931,497 assets, 11 lines filed
Asset lines not itemized here account for $663,683; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $878,545$1,284,388
X-3 Pledges and grants receivableStart of year $2,000,285$1,521,690
X-9 Prepaid expenses and deferred chargesStart of year $59,755$86,590
X-10c Land, buildings and equipment, netStart of year $8,330,486$8,006,870
X-15 Other assetsStart of year $3,896,798$6,368,276
X-16 Total assetsStart of year $16,412,314$17,931,497
X-17 Accounts payable and accrued expensesStart of year $404,070$543,992
X-26 Total liabilitiesStart of year $14,748,480$15,818,666
X-27 Net assets without donor restrictionsStart of year $1,663,834$2,112,831
X-32 Total net assets or fund balancesStart of year $1,663,834$2,112,831
X-33 Total liabilities and net assetsStart of year $16,412,314$17,931,497
Part XI · Reconciliation of net assets $2,112,831 net assets at year end
XI-1 Total revenue$6,849,000
XI-2 Total expenses$6,400,003
XI-3 Revenue less expenses$448,997
XI-4 Net assets at start of year$1,663,834
XI-10 Net assets at end of year$2,112,831

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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