Garden State Episcopal Community Development Corp FY2022 filing

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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.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1551853) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
$414K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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 deficit $53K a year · 0.9% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
92% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$414K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
0.9 mo
of spending, in cash
0.9 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $51K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$15.2M
89% of total assets
Liabilities are 89% of assets.
Pt X · Ln 26
Independent board members
10
of 10 voting members
10 of 10 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$6.7M
+7% vs prior year
Spent
$6.7M
To programs
92%
Net assets
$1.9M
By yearFY2020–FY2024
Revenue
$6.7M
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.7M
FY2021$6.2M
FY2022$6.7M
FY2023$6.6M
FY2024$6.8M
Expenses
$6.7M
FY2022▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$6.1M
FY2022$6.7M
FY2023$6.8M
FY2024$6.4M
Net assets
$1.9M
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.9M
FY2022$1.9M
FY2023$1.7M
FY2024$2.1M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2022 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 Jul 2020.

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

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $6.1M Management & general 8% · $539K Fundraising 0% · $6K

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

15 people listed on the 990; $414K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Executive Di
$185,769Pt VII · Sec A
Program Dire
$149,712Pt VII · Sec A
Program Dire
$78,471Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
VP/Secretary
$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 →

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.

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1 program · $6.1M · in their own filed words · FY2022
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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1551853) · Dispute this line
$6.1Mprogram 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 →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $12.7M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of New Jersey - City of Jersey City and 1 more$7.0M
Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr)Department of Housing and Urban Development · ALN 14.269 · Through State of New Jersey$2.7M
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct$2.1M
Housing Opportunities for Persons with AidsDepartment of Housing and Urban Development · ALN 14.241 · Through State of New Jersey - City of Jersey City$367K
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through State of New Jersey - Hudson County and 1 more$239K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Dec 2024 · $13.3M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of New Jersey - City of Jersey City and 1 more$7.0M
Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr)Department of Housing and Urban Development · ALN 14.269 · Through State of New Jersey$2.7M
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct$2.0M
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through State of New Jersey - City of Jersey City and 2 more$882K
Housing Opportunities for Persons with AidsDepartment of Housing and Urban Development · ALN 14.241 · Through State of New Jersey - City of Jersey City$436K

Plus 2 smaller programs.

The auditor reported no findings.

Year ending Dec 2023 · $13.3M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of New Jersey - City of Jersey City and 1 more$6.9M
Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr)Department of Housing and Urban Development · ALN 14.269 · Through State of New Jersey$2.7M
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct$1.9M
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through State of New Jersey - Hudson County and 1 more$752K
Project-Based Rental Assistance (pbra)Department of Housing and Urban Development · ALN 14.195 · Direct$454K

Plus 4 smaller programs.

The auditor reported no findings.

Year ending Dec 2022 · $14.1M federal money spent
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through State of New Jersey - City of Jersey City and 1 more$7.5M
Hurricane Sandy Community Development Block Grant Disaster Recovery Grants (cdbg-Dr)Department of Housing and Urban Development · ALN 14.269 · Through State of New Jersey$2.7M
Emergency Solutions Grant ProgramDepartment of Housing and Urban Development · ALN 14.231 · Through State of New Jersey - Count of Hudson and 1 more$1.4M
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct$1.3M
Section 8 Housing Assistance Payments ProgramDepartment of Housing and Urban Development · ALN 14.195 · Direct$412K

Plus 4 smaller programs.

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$6.7M
Ln 12
Fees for servicesLn 2g$7.8M
Gifts and grantsLn 1h$225K
Investment incomeLn 3$375
Money outPt IX
$6.7M
Ln 25
Programscol B$6.1M
Managementcol C$539K
Fundraisingcol D$6K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$17.0M
LiabilitiesLn 26$15.2M
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$225K
Fees for servicesLn 2g$7.8M
Investment incomeLn 3$375
Gains on assetsLn 7−$1.9M
Total revenueLn 12$6.7M
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Pledges and grants receivableLn 3$2.2M
Prepaid expenses and deferred chargesLn 9$87K
Land, buildings, equipmentLn 10c$9.7M
Other assetsLn 15$4.5M
Total assetsLn 16$17.0M
LiabilitiesLn 26$15.2M
Net assetsLn 32$1.9M
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 FY22End FY22
Cash and savingsLn 1–2$322K$476K
Land, buildings, equipmentLn 10c$9.2M$9.7M
Total assetsLn 16$16.7M$17.0M
LiabilitiesLn 26$14.8M$15.2M
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.5M$2.3M$250K
Other employee benefitsLn 9$568K$506K$62K
Payroll taxesLn 10$233K$205K$29K
Accounting feesLn 11c$54K$4K$50K
Other fees for servicesLn 11g$22K$17K$6K
Office expensesLn 13$162K$155K$8K
OccupancyLn 16$143K$138K$5K
InterestLn 20$14K−$10K$24K
Depreciation, depletion and amortizationLn 22$399K$399K
InsuranceLn 23$154K$141K$13K
Other expenses (24a–d)Ln 24$2.0M$1.9M$55K
All other expensesLn 24e$403K$376K$27K
Total functional expensesLn 25$6.7M$6.1M$539K$6K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 13, 2025 $6.8M$6.4M$449K$2.1M 990 PDF
FY2023Filed with the IRS Oct 22, 2024 $6.6M$6.8M−$198K$1.7M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $6.7M$6.7M−$27K$1.9M 990 PDF
FY2021Filed with the IRS Aug 2, 2022 $6.2M$6.1M$136K$1.9M 990 PDF
FY2020Filed with the IRS Nov 11, 2021 $4.7M$5.4M−$625K$1.4M 990 PDF

Schedules filed Part IV

A · Public support I · Grants J · Pay O · Explanations
See the full FY2022 990
Part I · Summary $6,656,067 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $279,456$225,129
I-9 Program service revenuePrior year $6,558,788$7,839,824
I-10 Investment incomePrior year −$1,073,662−$1,894,177
I-11 Other revenuePrior year $472,455$485,291
I-12 Total revenuePrior year $6,237,037$6,656,067
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,323,322$3,349,762
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,777,376$3,333,152
I-18 Total expensesPrior year $6,100,698$6,682,914
I-19 Revenue less expensesPrior year $136,339−$26,847
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,656,067 across 7 lines filed
VIII-1f All other contributions, gifts and grants$225,129
VIII-1h Total contributions, gifts and grants$225,129
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,839,824$7,839,824
VIII-3 Investment incomeRelated to mission $375$375
VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,894,552−$1,894,552
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $485,291$485,291
VIII-12 Total revenueRelated to mission $6,430,938$6,656,067
Part IX · Statement of functional expenses $6,682,914 across 12 lines filed
IX-7 Other salaries and wagesPrograms $2,298,844 · Management $250,040$2,548,884
IX-9 Other employee benefitsPrograms $505,638 · Management $61,891$567,529
IX-10 Payroll taxesPrograms $204,789 · Management $28,560$233,349
IX-11c Accounting feesPrograms $4,000 · Management $49,868$53,868
IX-11g Other fees for servicesManagement $16,586 · Fundraising $5,612$22,198
IX-13 Office expensesPrograms $154,637 · Management $7,595$162,232
IX-16 OccupancyPrograms $138,460 · Management $4,724$143,184
IX-20 InterestPrograms −$10,071 · Management $24,408$14,337
IX-22 Depreciation, depletion and amortizationPrograms $398,674$398,674
IX-23 InsurancePrograms $141,241 · Management $13,034$154,275
IX-24 Other expenses (24a–d)Programs $1,926,046 · Management $55,215$1,981,261
IX-24e All other expensesPrograms $375,733 · Management $27,390$403,123
IX-25 Total functional expensesPrograms $6,137,991 · Management $539,311 · Fundraising $5,612$6,682,914
Part X · Balance sheet $17,032,219 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $321,977$476,207
X-3 Pledges and grants receivableStart of year $1,750,999$2,229,330
X-9 Prepaid expenses and deferred chargesStart of year $77,021$87,400
X-10c Land, buildings and equipment, netStart of year $9,208,148$9,690,611
X-15 Other assetsStart of year $5,309,995$4,548,671
X-16 Total assetsStart of year $16,668,140$17,032,219
X-17 Accounts payable and accrued expensesStart of year $1,266,710$748,655
X-19 Deferred revenueStart of year $5,627$57,747
X-23 Secured mortgages and notes payableStart of year $13,507,469$14,364,330
X-26 Total liabilitiesStart of year $14,779,806$15,170,732
X-27 Net assets without donor restrictionsStart of year $1,888,334$1,861,487
X-32 Total net assets or fund balancesStart of year $1,888,334$1,861,487
X-33 Total liabilities and net assetsStart of year $16,668,140$17,032,219
Part XI · Reconciliation of net assets $1,861,487 net assets at year end
XI-1 Total revenue$6,656,067
XI-2 Total expenses$6,682,914
XI-3 Revenue less expenses−$26,847
XI-4 Net assets at start of year$1,888,334
XI-10 Net assets at end of year$1,861,487

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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