Civic Intelligence

Scarc Housing Inc.

990 • Fiscal year 2015 • EIN 20-8345039

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 10, 2015

11 US Rt 206 Suite 100Augusta, NJ 07822

(973) 383-7442

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

19th percentile

0.02x

Higher debt load relative to assets than 19% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

26th percentile

0.29x

Higher debt load relative to revenue than 26% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Net Margin

20th percentile

-47%

Higher net margin than 20% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

73rd percentile

$208,875

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 260.0% of source-year revenue.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Source year 2015

Asset Growth

65th percentile

-2.0%

Faster asset growth than 65% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

41st percentile

0.3%

Faster revenue growth than 41% of similar nonprofits.

2015 filings • NTEE L21 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$1,460,274

Down $29,737 (-2.0%) from 2014

Net Assets

Down

$1,437,268

Down $37,498 (-2.5%) from 2014

Liabilities

Up

$23,006

Up $7,761 (+51%) from 2014

Revenue

Up

$80,328

Up $270 (+0.3%) from 2014

Expenses

Up

$117,826

Up $23,862 (+25%) from 2014

Net Income

Down

-$37,498

Down $23,592 (-170%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.0M$0-$1.0MAssets 2010: $1,558,705Liabilities 2010: $115,699Net Assets 2010: $1,443,0062010Assets 2011: $1,519,836Liabilities 2011: $32,689Net Assets 2011: $1,487,1472011Assets 2012: $1,499,280Liabilities 2012: $12,761Net Assets 2012: $1,486,5192012Assets 2013: $1,505,459Liabilities 2013: $16,787Net Assets 2013: $1,488,6722013Assets 2014: $1,490,011Liabilities 2014: $15,245Net Assets 2014: $1,474,7662014Assets 2015: $1,460,274Liabilities 2015: $23,006Net Assets 2015: $1,437,2682015Assets 2016: $1,433,290Liabilities 2016: $43,464Net Assets 2016: $1,389,8262016Assets 2017: $1,273,411Liabilities 2017: $34,061Net Assets 2017: $1,239,3502017Assets 2018: $1,230,878Liabilities 2018: $34,858Net Assets 2018: $1,196,0202018Assets 2019: $1,206,524Liabilities 2019: $51,039Net Assets 2019: $1,155,4852019Assets 2020: $1,163,944Liabilities 2020: $1,774,221Net Assets 2020: -$610,2772020Assets 2021: $1,121,789Liabilities 2021: $1,787,554Net Assets 2021: -$665,7652021Assets 2022: $1,093,605Liabilities 2022: $1,802,176Net Assets 2022: -$708,5712022Assets 2023: $1,064,101Liabilities 2023: $1,758,680Net Assets 2023: -$694,5792023Assets 2024: $1,041,488Liabilities 2024: $1,755,337Net Assets 2024: -$713,8492024Assets 2025: $1,008,233Liabilities 2025: $1,751,007Net Assets 2025: -$742,7742025

Highlighted filing

2015

Assets$1,460,274
Liabilities$23,006
Net Assets$1,437,268

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $86,0522010Expenses 2011: $93,2642011Expenses 2012: $81,8192012Expenses 2013: $88,0632013Revenue 2014: $80,058Expenses 2014: $93,964Net Income 2014: -$13,9062014Revenue 2015: $80,328Expenses 2015: $117,826Net Income 2015: -$37,4982015Revenue 2016: $80,330Expenses 2016: $127,772Net Income 2016: -$47,4422016Revenue 2017: $79,644Expenses 2017: $230,120Net Income 2017: -$150,4762017Revenue 2018: $93,125Expenses 2018: $136,455Net Income 2018: -$43,3302018Revenue 2019: $95,576Expenses 2019: $136,111Net Income 2019: -$40,5352019Revenue 2020: $112,222Expenses 2020: $149,390Net Income 2020: -$37,1682020Revenue 2021: $104,628Expenses 2021: $160,116Net Income 2021: -$55,4882021Revenue 2022: $128,543Expenses 2022: $171,349Net Income 2022: -$42,8062022Revenue 2023: $211,094Expenses 2023: $197,102Net Income 2023: $13,9922023Revenue 2024: $140,089Expenses 2024: $159,359Net Income 2024: -$19,2702024Revenue 2025: $133,476Expenses 2025: $162,401Net Income 2025: -$28,9252025

Highlighted filing

2015

Revenue$80,328
Expenses$117,826
Net Income-$37,498
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 10, 2015
Return Version
2014v5.0
Gross Receipts
$80,328
Mission and Program Overview

Mission

Scarc housing, a non-profit corporation, is dedicated to the housing support of individuals with intellectual and developmental disabilities.

Scarc housing is an organization formed to provide handicapped persons with housing facilities and services specially designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living, the charges of such facilities and services to be predicated upon the provision, maintenance and operation there of on a non-profit basis.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,339,484$1,296,205▼ $43,279
Cash and Non-Interest-Bearing Accounts$37,314$20,881▼ $16,433
Prepaid Expenses and Deferred Charges$105--
Total Assets$1,490,011$1,460,274▼ $29,737
Other Assets Total$113,108$143,188▲ $30,080
Liabilities
Accounts Payable and Accrued Expenses$14,257$16,017▲ $1,760
Other Liabilities$988$6,989▲ $6,001
Total Liabilities$15,245$23,006▲ $7,761
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,325,487$1,283,845▼ $41,642
Unrestricted Net Assets$149,279$153,423▲ $4,144
Total Net Assets Fund Balance$1,474,766$1,437,268▼ $37,498
Total Liabilities and Net Assets / Fund Balance$1,490,011$1,460,274▼ $29,737

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,018,525$228,048$1,246,573
Land$270,000-$270,000
Equipment$7,680$9,388$17,068
Other Assets Org$3,027--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Andy SharickPresident
Megan Macmullin EsqVice President
Andy JorgensenTrustee
David WeedTrustee
Douglas WhiteTrustee
Michael TiltonTrustee
Richard OlsenTrustee
Dr Richard LecherSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$80,280
Investment Income
$48
Other Revenue
$0
Change in Net Assets
$-37,498

Audited Revenue Reconciliation

Revenue per Audited Statements
$80,328
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$80,328
Total Revenue per Form 990
$80,328
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,826
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$43,279--$43,279
Other Expenses$34,205--$34,205
Fees for Services Accounting-$18,600-$18,600
Occupancy$16,711--$16,711
Insurance$3,936--$3,936
Fees for Services Other-$1,035-$1,035
Office Expenses-$60-$60
Total Functional Expenses$98,131$19,695$0$117,826

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$117,826
Total Expenses per Audited Statements$117,826
Total Expenses per Form 990$117,826
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Scarc, Inc.$6,989
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

Scarc housing, inc. Has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is provided to the members of the organizations governing body for any comments prior to its submission. The governing body is provided with a reasonable amount of time to review the form 990. Any comments are then grouped, summarized and provided through management to the outside accounting firm. Any applicable issues are addressed until the return is finalized and approved for filing.

Form 990, Part VI, Section B, Line 12C

Scarc housing, inc. Currently has in place a conflict of interest policy which it regularly monitors and enforces. The board mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, governing body and management will investigate the issue. If a conflict of interest is determined to exist management and the governing body will be notified immediately. The member will not be allowed to vote or be a part of any decisions about any such transactions that have to do with the conflict until such time that there is no longer a conflict.

Form 990, Part VI, Section B, Line 15

Scarc housing, inc. Does not compensate officers, directors, or trustees. Scarc housing, inc. Does not have employees. The compensation of related organization's officers or key employees is reviewed and approved by the related board of trustees an independent body.

Form 990, Part VI, Section C, Line 19

Scarc housing, inc. Makes its form 990 available for public inspection as required under section 6104 of the internal revenue code upon written request at the organization's office at 11 us route 206 suite 100 augusta, nj 07822. In addition form 1023 as well as the financial statements, and conflict of interest policy are available upon written request at the organizations office at 11 us route 206 suite 100 augusta, nj 07822.

Filing and Contact Details

Filer

Filer Name
Scarc Housing Inc
EIN
20-8345039
Phone
9733837442
Address
11 US RT 206 SUITE 100, AUGUSTA, NJ 07822

Signing Officer

Name
Dr Richard Lecher
Title
CEO
Phone
9733837442
Signed
2015-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Richard Lecher
Formed
2006
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
8

Preparer

Firm
Nisivoccia Llp
Address
200 VALLEY RD SUITE 300, MT ARLINGTON, NJ 07856
Preparer
Marcia a Geltman CPA
Phone
9733281825
Supplemental Narrative

Additional Explanations

Form 990 Part XII Line 2C

No change from the prior year.

Financial Statement Notes

PART X, LINE 2:

Scarc housing, inc is a not-for-profit organization that is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation. The project is also exempt under title 15 of the state of new jersey corporations and associations not-for-profit act. Accordingly, no provision for federal or state income tax has been presented in the accompanying financial statements. The organization follows the provisions of fasb accounting standards codification, income taxes. The standard prescribes a minimum recognition threshold and measurement methodology that a tax position taken or expected to be taken in a tax return is required to meet before being recognized in the financial statements. It also provides guidance for derecognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition related to those tax positions. The organization does not expect a significant increase or decrease to the total amounts of unrecognized tax positions during the fiscal year ended june 30, 2015. However, the project is subject to audit by tax authorities, including a review of its nonprofit status which management believes would be upheld upon examination. The project believes that it has appropriate support for the positions taken on its tax returns. Nonetheless, the amounts ultimately paid, if any, upon resolution of the issues raised by the taxing authorities may differ materially from the amounts accrued for each year. As required by law, the organization files informational returns with both the federal and new jersey state governments on an annual basis - form 990 with the internal revenue service, and form cri-300r with the state. The federal return is subject to examination by the authorities within certain statutory periods from the latest filing date.

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IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt080280
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09894
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt062873
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt072767
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt048
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt037
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt042
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt026
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0194
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0396237
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99730
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt072767
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09894
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt062873
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt072767
IRS990ScheduleA/TotalSupportAmt072961
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01018525
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0228048
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01246573
IRS990ScheduleD/EquipmentGrp/BookValueAmt07680
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09388
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt017068
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0117826
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0270000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0270000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05767
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt128869
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2105525
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt33027
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED DEPOSITS-ESCROW ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE ACCOUNT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06989
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SCARC, INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt080328
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SCARC HOUSING, INC IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE PROJECT IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT-FOR-PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAX HAS BEEN PRESENTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION RELATED TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEAR ENDED JUNE 30, 2015. HOWEVER, THE PROJECT IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. THE PROJECT BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR THE POSITIONS TAKEN ON ITS TAX RETURNS. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH THE FEDERAL AND NEW JERSEY STATE GOVERNMENTS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THE FEDERAL RETURN IS SUBJECT TO EXAMINATION BY THE AUTHORITIES WITHIN CERTAIN STATUTORY PERIODS FROM THE LATEST FILING DATE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01296205
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0143188
IRS990ScheduleD/TotalExpensesPerForm990Amt0117826
IRS990ScheduleD/TotalLiabilityAmt06989
IRS990ScheduleD/TotalRevenuePerForm990Amt080328
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt080328
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0117826
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0181775
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt013508
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013592
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR RICHARD LECHER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0208875
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0SCARC HOUSING, INC. DOES NOT COMPENSATE OFFICERS, DIRECTORS, OR TRUSTEES. SCARC HOUSING, INC. DOES NOT HAVE EMPLOYEES. THE COMPENSATION OF RELATED ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE RELATED BOARD OF TRUSTEES AN INDEPENDENT BODY.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCARC HOUSING, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCARC HOUSING, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SCARC HOUSING, INC. DOES NOT COMPENSATE OFFICERS, DIRECTORS, OR TRUSTEES. SCARC HOUSING, INC. DOES NOT HAVE EMPLOYEES. THE COMPENSATION OF RELATED ORGANIZATION'S OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE RELATED BOARD OF TRUSTEES AN INDEPENDENT BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SCARC HOUSING, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON WRITTEN REQUEST AT THE ORGANIZATION'S OFFICE AT 11 US ROUTE 206 SUITE 100 AUGUSTA, NJ 07822. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 11 US ROUTE 206 SUITE 100 AUGUSTA, NJ 07822.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XII LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1NO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SCARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SCARC FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0221775304
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1222585052
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NON-PROFIT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1NON-PROFIT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt011 US ROUTE 206 SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt111 US ROUTE 206 SUITE 100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0AUGUSTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1AUGUSTA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd007822
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd107822
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01325487
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01283845
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01490011
IRS990/TotalAssetsEOYAmt01460274
IRS990/TotalAssetsGrp/BOYAmt01490011
IRS990/TotalAssetsGrp/EOYAmt01460274
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019695
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt098131
IRS990/TotalFunctionalExpensesGrp/TotalAmt0117826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015245
IRS990/TotalLiabilitiesEOYAmt023006
IRS990/TotalLiabilitiesGrp/BOYAmt015245
IRS990/TotalLiabilitiesGrp/EOYAmt023006
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01474766
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01437268
IRS990/TotalOtherCompensationAmt027100
IRS990/TotalProgramServiceExpensesAmt098131
IRS990/TotalProgramServiceRevenueAmt080280
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt048
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt080280
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt080328
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01490011
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01460274
IRS990/TotReportableCompRltdOrgAmt0181775

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.01$1.75$0.74$0.13$0.16$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.04$1.76$0.71$0.14$0.16$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.06$1.76$0.69$0.21$0.20$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.09$1.80$0.71$0.13$0.17$0.04
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.12$1.79$0.67$0.10$0.16$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.16$1.77$0.61$0.11$0.15$0.04
2019Detailed filing. Detailed filing data is available for this year.$1.21$0.05$1.16$0.10$0.14$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.23$0.03$1.20$0.09$0.14$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.27$0.03$1.24$0.08$0.23$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.43$0.04$1.39$0.08$0.13$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.46$0.02$1.44$0.08$0.12$0.04
2014Detailed filing. Detailed filing data is available for this year.$1.49$0.02$1.47$0.08$0.09$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.51$0.02$1.49$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.50$0.01$1.49$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.03$1.49$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$0.12$1.44$0.09