Atlantic Arms Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 45-1093319)

Revenue by fiscal year
FY2021	$24K
FY2022	$17K

Expenses by fiscal year
FY2021	$44K
FY2022	$64K

Net assets by fiscal year
FY2021	$320K
FY2022	$251K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022. IRS ruling in Dec 2013.

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

Where the money goes

99 cents of each dollar spent went to programs.

99%

Program services 99% · $64K Management & general 1% · $800

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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII

Edith Scott

Vice President

$0Pt VII · Sec A

Joanne Wynne

Treasurer

$0Pt VII · Sec A

Jimmie Miller

President

$0Pt VII · Sec A

Rosalyn Holland

Recording Secretary

$0Pt VII · Sec A

See Atlantic Arms 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 15aNo

Programs and updates

Atlantic Arms Development Corporation is a housing nonprofit based in Hackensack, NJ.

Provided by the organization

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1 program · $64K · in their own filed words · FY2021

01

Provided affordable housing for residents of bergen county

$64Kprogram 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 · FY2020

Community Food Bank of New Jersey INCFY2020$26K

Total grants receivedfrom 1 funder$26K

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$17K

Ln 12

Gifts and grantsLn 1h$9K

Fees for servicesLn 2g$8K

Money outPt IX

$64K

Ln 25

Programscol B$64K

Managementcol C$800

Owns and owesPt X

$251K

net assets · Ln 32

Cash and savingsLn 1–2$9K

Total assetsLn 16$330K

LiabilitiesLn 26$79K

PeoplePt VI, VII

4

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$9K

Government grantsLn 1e$9K

Fundraising eventsLn 1c$8

Fees for servicesLn 2g$8K

Total revenueLn 12$17K

Assets in detailPt X, end of year

CashLn 1$9K

Cash and savings togetherLn 1–2$9K

Land, buildings, equipmentLn 10c$317K

Other assetsLn 15$4K

Total assetsLn 16$330K

LiabilitiesLn 26$79K

Net assetsLn 32$251K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderMay

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$1K	$9K
Land, buildings, equipmentLn 10c	$317K	$317K
Total assetsLn 16	$322K	$330K
LiabilitiesLn 26	$2K	$79K
Net assetsLn 32	$320K	$251K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$800		$800
Other fees for servicesLn 11g	$4K	$4K
OccupancyLn 16	$20K	$20K
Payments to affiliatesLn 21	$20K	$20K
Depreciation, depletion and amortizationLn 22	$18K	$18K
Other expenses (24a–d)Ln 24	$777	$777
Total functional expensesLn 25	$64K	$64K	$800	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2022 Latest Viewing	$17K	$64K	−$48K	$251K	990 PDF
FY2021	$24K	$44K	−$20K	$320K	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 FY2022 990 (6 parts)

Part I · Summary $16,808 revenue, 12 lines filed

I-8 Contributions and grants$9,008

I-9 Program service revenue$7,800

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$16,808

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 expenses$64,353

I-18 Total expenses$64,353

I-19 Revenue less expenses−$47,545

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

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 $16,808 across 5 lines filed

VIII-1c Fundraising events$8

VIII-1e Government grants$9,000

VIII-1h Total contributions, gifts and grants$9,008

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,800$7,800

VIII-12 Total revenueRelated to mission $7,800 · Unrelated business $0 · Excluded from tax $0$16,808

Part IX · Statement of functional expenses $64,353 across 6 lines filed

IX-11c Accounting feesManagement $800$800

IX-11g Other fees for servicesPrograms $4,465$4,465

IX-16 OccupancyPrograms $20,005$20,005

IX-21 Payments to affiliatesPrograms $20,202$20,202

IX-22 Depreciation, depletion and amortizationPrograms $18,104$18,104

IX-24 Other expenses (24a–d)Programs $777$777

IX-25 Total functional expensesPrograms $63,553 · Management $800 · Fundraising $0$64,353

Part X · Balance sheet $329,805 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $1,149$9,120

X-10c Land, buildings and equipment, netStart of year $316,685$316,685

X-15 Other assetsStart of year $4,000$4,000

X-16 Total assetsStart of year $321,834$329,805

X-25 Other liabilitiesStart of year $1,731$79,291

X-26 Total liabilitiesStart of year $1,731$79,291

X-27 Net assets without donor restrictionsStart of year $320,103$250,514

X-32 Total net assets or fund balancesStart of year $320,103$250,514

X-33 Total liabilities and net assetsStart of year $321,834$329,805

Part XI · Reconciliation of net assets $250,514 net assets at year end

XI-1 Total revenue$16,808

XI-2 Total expenses$64,353

XI-3 Revenue less expenses−$47,545

XI-4 Net assets at start of year$320,103

XI-9 Other changes in net assets−$22,044

XI-10 Net assets at end of year$250,514

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

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Atlantic Arms Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV