Township of Neptune Housing Development Corporation

Nonprofit profile at a glance

EIN
260590383
IRS 990-EZ coverage
2010–2023
Forms available
Form 990-EZ 2023
Location
Neptune, NJ, USA
Phone
7327747692
Rating confidence
Limited
Sector
Low-Income & Subsidized Rental Housing

Reported finances

Revenue
$0
Expenses
$2,178
Assets
$264,927
Liabilities
$43,435

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • BART COOK (DIRECTOR)
  • JAMES MOWCZAN (TRUSTEE)
  • DERRICK GRIGGS (TRUSTEE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The development of low income housing

What it reported doing in 2023

Planning for the development of low income., elderly and handicapped housing.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 31
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 121.64; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.16; rating input score 15; 15th percentile among comparable filings
  • Officer compensation ratio: 8,081.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 13.2% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: -12.7% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 53rd percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $2K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 15/100.