New Brunswick Uaw Housing Corporation

Nonprofit profile at a glance

EIN
222357871
IRS 990 coverage
2011–2013
Forms available
Form 990 2013
Location
New Brunswick, NJ, USA
Phone
7326402088
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Homeowners & Tenants Associations

Reported finances

Revenue
$571,625
Expenses
$21,932,003
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • DANIEL ANTONELLIS (President)
  • THOMAS M FRICANO (Vice President)

Highest reported compensation

  • DANIEL ANTONELLIS (President): $145,408 total reported compensation
  • PETER ANTONELLIS (Pres. Emeritus): $43,562 total reported compensation
  • EDMUND GERBER ESQ (Sec./Treasurer): $43,562 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide low income housing

What it reported doing in 2013

Housing for elderly families with limited income in new brunswick, New Jersey (213 units). The organization sold its low income housing building on july 17, 2013 to jpf uaw urban renewal housing llc, a related organization (see schedule r). All rental operations for new brunswick uaw housing corporation ceased as of july 17, 2013. The corporation received a promissory note in conjunction with the sale. As a result of nj state housing mortgage finance agency regulations and policies the organization is required to terminate and distribute its assets, including the mortgage loan note, to another tax-exempt non-profit organization. The termination and asset distribution occurred on april 4, 2014 (see schedule n).

Operating model

Revenue model
Earned-program. 80% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 53
  • Sustainability: 0
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 73rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 11th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3,736.8%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -24.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -48.8% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 6 of 10 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.9M in reported program spending
  • Leadership: top reported pay $145K · 10 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 3 filing years from 2011 to 2013
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.