Civic Intelligence

Homesharing Program of Somerset County Inc.

990 • Fiscal year 2019 • EIN 22-2893508

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 12, 2020

120 Finderne AvenueBridgewater, NJ 08807

(908) 526-4663

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$133,647

Up $13,549 (+11%) from 2018

Net Assets

Up

$126,014

Up $18,793 (+18%) from 2018

Liabilities

Down

$7,633

Down $5,244 (-41%) from 2018

Revenue And Expenses

Revenue

Up

$257,917

Up $49,284 (+24%) from 2018

Expenses

Up

$237,518

Up $2,235 (+0.9%) from 2018

Net Income

Up

$20,399

Up $47,049 (+177%) from 2018

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2010: $188,317Liabilities 2010: $15,281Net Assets 2010: $173,0362010Assets 2011: $180,042Liabilities 2011: $5,168Net Assets 2011: $174,8742011Assets 2012: $226,614Liabilities 2012: $4,929Net Assets 2012: $221,6852012Assets 2013: $203,893Liabilities 2013: $4,500Net Assets 2013: $199,3932013Assets 2014: $188,334Liabilities 2014: $4,650Net Assets 2014: $183,6842014Assets 2015: $158,386Liabilities 2015: $14,531Net Assets 2015: $143,8552015Assets 2016: $133,482Liabilities 2016: $14,701Net Assets 2016: $118,7812016Assets 2017: $148,921Liabilities 2017: $15,050Net Assets 2017: $133,8712017Assets 2018: $120,098Liabilities 2018: $12,877Net Assets 2018: $107,2212018Assets 2019: $133,647Liabilities 2019: $7,633Net Assets 2019: $126,0142019Assets 2019: $146,309Liabilities 2019: $10,160Net Assets 2019: $136,1492019Assets 2020: $249,969Liabilities 2020: $9,000Net Assets 2020: $240,9692020Assets 2021: $302,014Liabilities 2021: $38,170Net Assets 2021: $263,8442021Assets 2022: $396,622Liabilities 2022: $96,214Net Assets 2022: $300,4082022Assets 2023: $360,596Liabilities 2023: $87,582Net Assets 2023: $273,0142023Assets 2024: $296,376Liabilities 2024: $78,136Net Assets 2024: $218,2402024

Highlighted filing

2019

Assets$133,647
Liabilities$7,633
Net Assets$126,014

Operations Trend

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

$400K$200K$0-$200KExpenses 2010: $213,2602010Expenses 2011: $228,9092011Expenses 2012: $278,6882012Revenue 2013: $278,359Expenses 2013: $300,651Net Income 2013: -$22,2922013Revenue 2014: $277,604Expenses 2014: $293,313Net Income 2014: -$15,7092014Revenue 2015: $297,533Expenses 2015: $337,362Net Income 2015: -$39,8292015Revenue 2016: $302,654Expenses 2016: $327,728Net Income 2016: -$25,0742016Revenue 2017: $293,056Expenses 2017: $277,966Net Income 2017: $15,0902017Revenue 2018: $208,633Expenses 2018: $235,283Net Income 2018: -$26,6502018Revenue 2019: $257,917Expenses 2019: $237,518Net Income 2019: $20,3992019Revenue 2019: $265,143Expenses 2019: $236,225Net Income 2019: $28,9182019Revenue 2020: $312,067Expenses 2020: $207,247Net Income 2020: $104,8202020Revenue 2021: $261,731Expenses 2021: $238,856Net Income 2021: $22,8752021Revenue 2022: $249,877Expenses 2022: $240,148Net Income 2022: $9,7292022Revenue 2023: $281,773Expenses 2023: $309,167Net Income 2023: -$27,3942023Revenue 2024: $326,620Expenses 2024: $381,393Net Income 2024: -$54,7732024

Highlighted filing

2019

Revenue$257,917
Expenses$237,518
Net Income$20,399
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 12, 2020
Return Version
2019v5.1
Gross Receipts
$289,229
Mission and Program Overview

Mission

To prevent homelessness by matching "providers" with residents need to share their homes

To prevent homelessness by matching providers, residents who need to share their homes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$71,537$85,441▲ $13,904
Savings and Temporary Cash Investments$47,582$47,683▲ $101
Land, Buildings, and Equipment, Net$456--
Total Assets$120,098$133,647▲ $13,549
Other Assets Total$523$523→ $0
Liabilities
Accounts Payable and Accrued Expenses$12,877$7,633▼ $5,244
Total Liabilities$12,877$7,633▼ $5,244
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,221$126,014▲ $18,793
Total Net Assets Fund Balance$107,221$126,014▲ $18,793
Total Liabilities and Net Assets / Fund Balance$120,098$133,647▲ $13,549

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements-$30,903$30,903
Equipment-$11,220$11,220
Other Land Buildings-$2,475$2,475
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lisa BlumExecutive DirectorFT$81,600$8,315$89,915

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$246,326
Program Service Revenue
$0
Investment Income
$111
Other Revenue
$11,480
All Other Contributions
$161,636
Change in Net Assets
$20,399

Audited Revenue Reconciliation

Revenue per Audited Statements
$257,917
Total Revenue per Audited Statements
$257,917
Total Revenue per Form 990
$257,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$170,983
Other Expenses$66,535
Total Fundraising Expense$8,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$72,082$13,337$4,496$89,915
Comp Disqual Persons$65,200-$3,432$68,632
Occupancy$16,890$4,222-$21,112
Office Expenses$8,484$6,143-$14,627
Payroll Taxes$9,949$1,865$622$12,436
Fees for Services Other-$10,062-$10,062
Fees for Services Accounting-$7,700-$7,700
Insurance$5,203$1,735-$6,938
Information Technology$4,230$1,410-$5,640
Depreciation Depletion-$456-$456
Total Functional Expenses$182,038$46,930$8,550$237,518

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$237,518
Total Expenses per Audited Statements$237,518
Total Expenses per Form 990$237,518
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$26,673
Fundraising Direct Expenses$24,199
Gaming Gross Income$16,119
Gaming Direct Expenses$7,113
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$60,848$19,348$4,016$15,332
Classic Rock$14,225$7,325$3,087$4,238
Total Events$75,073$26,673$24,199$2,474
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 SECTION B, Line 11B

The organization has its form 990 prepared by an outside accounting firm and has established the following procedures to ensure that the information reported is complete and accurate. Once the 990 has been prepared, it is submitted by hard copy to all of the board members for review during the monthly meeting. The board reviews and approves with trustees attending the final draft of form 990 prior to filing with the irs.

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

In order to properly assess and avoid conflicts of interest, all employees are asked at the time of hire to disclose, any other employment, self-employment, consulting, volunteer or board membership activities in which they are, or plan to engage in, at the time of employment with homesharing. Throughout the course of employment, if the employee decides to engage in any additional activities of the same nature, it must be reported to the director prior to entering into those arrangements. Where a confilect of interest exists, the employee will be notified and required to cease such activity, or refrain from initiating the activity. The organization has a conflict of interest policy that applies to the board members. Each board members must complete and sign off on the conflict of interst policy. This is where any conflicts are disclosed. Conflicts of interest would be brought to the attention of the board who would discuss and determine whether such conflicts in fact do exist. If conflicts of interest do exit, appropriate action would be taken by the board.

Form 990, Part VI, Section SECTION C, Line LINE 19

The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, the financial statments, conflict of interest policy, articles of incorporation and by-laws are also available upon written request at 120 finderne avenue, bridgewater, nj 08807

Filing and Contact Details

Filer

Filer Name
Homesharing Inc
EIN
22-2893508
Phone
9085264663
Address
120 FINDERNE AVENUE, BRIDGEWATER, NJ 08807

Signing Officer

Name
Lisa Blum Executive Director
Title
Executive Director
Signed
2020-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1984
Legal Domicile
Nj
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
25

Preparer

Firm
Gilan Gadsden LLC
Address
830 VALLEY ROAD, WAYNE, NJ 07470
Preparer
Gilan Gadsden
Phone
9736921088
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

Description of organization mission apartments in order to maintain them, with seekers, individuals searching for affordable housing in the community. These matches foster independence with dignity. Homesharing is also comitted to assisting its clients in locating and utilizing other resources such as the food bank, low-cost medical care, and other support services. The organizations services are provided free of charge to their clients. Homesharing is the only agency in new jersey that prevents homelessness full-time through the home-sharing model.

Form 990, Part XI, Line LINE 2C

The treasurer of the organization is responsible for the oversight of homesharing, inc. It is the treasurers responsibility to select the independent accountant who will perform the audit and make sure the audit is completed each year. This process has not changed from the prior year.

Financial Statement Notes

X Line 2

The organization recognizes the effect of income tax positions only when they are more likely than not to be sustained. Management has determined that the organization had no uncertain tax positions that would require financial statement recognition or disclosur. The organization is no longer subject to income tax examination by the applicable taxing jurisdictions for periods prior to the year 2015.

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IRS990/OtherAssetsTotalGrp/BOYAmt0523
IRS990/OtherAssetsTotalGrp/EOYAmt0523
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0622
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01865
IRS990/PayrollTaxesGrp/ProgramServicesAmt09949
IRS990/PayrollTaxesGrp/TotalAmt012436
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0LISA BLUM EXECUTIVE DIRECTOR
IRS990/PriorPeriodAdjustmentsAmt0-1606
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0205289
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt085
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt064651
IRS990/PYOtherRevenueAmt03259
IRS990/PYRevenuesLessExpensesAmt0-26650
IRS990/PYSalariesCompEmpBnftPaidAmt0170632
IRS990/PYTotalExpensesAmt0235283
IRS990/PYTotalRevenueAmt0208633
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt020399
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt047582
IRS990/SavingsAndTempCashInvstGrp/EOYAmt047683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0246326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0205289
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0283257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0300539
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0299865
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01335276
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0111
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt085
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt080
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt076
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0124
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0476
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96800
IRS990ScheduleA/PublicSupportCY509Pct00.00000
IRS990ScheduleA/PublicSupportPY170Pct00.92940
IRS990ScheduleA/PublicSupportTotal170Amt01335276
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0246326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0205289
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0283257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0300539
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0299865
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01335276
IRS990ScheduleA/TotalSupportAmt01379349
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt011480
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt03259
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt09719
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt06838
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt012301
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt043597
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/DepreciationAmt011220
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011220
IRS990ScheduleD/ExpensesSubtotalAmt0237518
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030903
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt030903
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02475
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/RevenueSubtotalAmt0257917
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSUR. THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO THE YEAR 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0X LINE 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0237518
IRS990ScheduleD/TotalRevenuePerForm990Amt0257917
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0257917
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0237518
IRS990ScheduleG/CharitableDistributionRqrInd0false
IRS990ScheduleG/CntrctWith3rdPrtyForGameRevInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt048400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt041500
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt06900
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt024199
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CLASSIC ROCK
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt060848
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt014225
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt075073
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt019348
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt07325
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt026673
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt02474
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07103
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04016
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03087
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt014566
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt02530
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt017096
IRS990ScheduleG/GamingInformationGrp/DirectExpenseSummaryGamingAmt07113
IRS990ScheduleG/GamingInformationGrp/GrossRevenueBingoAmt016119
IRS990ScheduleG/GamingInformationGrp/GrossRevenueTotalGamingAmt016119
IRS990ScheduleG/GamingInformationGrp/NetGamingIncomeSummaryAmt09006
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesBingoAmt01144
IRS990ScheduleG/GamingInformationGrp/NonCashPrizesTotalGamingAmt01144
IRS990ScheduleG/GamingInformationGrp/OthDirectExpnssTotalGamingAmt05969
IRS990ScheduleG/GamingInformationGrp/OtherDirectExpensesBingoAmt05969
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoInd0true
IRS990ScheduleG/GamingInformationGrp/VolunteerLaborBingoPct01.00000
IRS990ScheduleG/GamingManagerIsDirectorOfcrInd0X
IRS990ScheduleG/GamingManagerServicesProvTxt0MANAGEMENT SUPERVISION
IRS990ScheduleG/GamingOtherFacilityPct01.00000
IRS990ScheduleG/GamingWithNonmembersInd0true
IRS990ScheduleG/IndividualWithBooksNm0LISA BLUM
IRS990ScheduleG/LicensedInd0true
IRS990ScheduleG/LicenseSuspendedEtcInd0false
IRS990ScheduleG/MemberOfOtherEntityInd0false
IRS990ScheduleG/PersonsWithBooksUSAddress/AddressLine1Txt0120 FINDERNE AVE
IRS990ScheduleG/PersonsWithBooksUSAddress/CityNm0BRIDGEWATER
IRS990ScheduleG/PersonsWithBooksUSAddress/StateAbbreviationCd0NJ
IRS990ScheduleG/PersonsWithBooksUSAddress/ZIPCd008807
IRS990ScheduleG/StatesWhereGamingConductedCd0NJ
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION OF ORGANIZATION MISSION APARTMENTS IN ORDER TO MAINTAIN THEM, WITH SEEKERS, INDIVIDUALS SEARCHING FOR AFFORDABLE HOUSING IN THE COMMUNITY. THESE MATCHES FOSTER INDEPENDENCE WITH DIGNITY. HOMESHARING IS ALSO COMITTED TO ASSISTING ITS CLIENTS IN LOCATING AND UTILIZING OTHER RESOURCES SUCH AS THE FOOD BANK, LOW-COST MEDICAL CARE, AND OTHER SUPPORT SERVICES. THE ORGANIZATIONS SERVICES ARE PROVIDED FREE OF CHARGE TO THEIR CLIENTS. HOMESHARING IS THE ONLY AGENCY IN NEW JERSEY THAT PREVENTS HOMELESSNESS FULL-TIME THROUGH THE HOME-SHARING MODEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING PROCEDURES TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. ONCE THE 990 HAS BEEN PREPARED, IT IS SUBMITTED BY HARD COPY TO ALL OF THE BOARD MEMBERS FOR REVIEW DURING THE MONTHLY MEETING. THE BOARD REVIEWS AND APPROVES WITH TRUSTEES ATTENDING THE FINAL DRAFT OF FORM 990 PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN ORDER TO PROPERLY ASSESS AND AVOID CONFLICTS OF INTEREST, ALL EMPLOYEES ARE ASKED AT THE TIME OF HIRE TO DISCLOSE, ANY OTHER EMPLOYMENT, SELF-EMPLOYMENT, CONSULTING, VOLUNTEER OR BOARD MEMBERSHIP ACTIVITIES IN WHICH THEY ARE, OR PLAN TO ENGAGE IN, AT THE TIME OF EMPLOYMENT WITH HOMESHARING. THROUGHOUT THE COURSE OF EMPLOYMENT, IF THE EMPLOYEE DECIDES TO ENGAGE IN ANY ADDITIONAL ACTIVITIES OF THE SAME NATURE, IT MUST BE REPORTED TO THE DIRECTOR PRIOR TO ENTERING INTO THOSE ARRANGEMENTS. WHERE A CONFILECT OF INTEREST EXISTS, THE EMPLOYEE WILL BE NOTIFIED AND REQUIRED TO CEASE SUCH ACTIVITY, OR REFRAIN FROM INITIATING THE ACTIVITY. THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO THE BOARD MEMBERS. EACH BOARD MEMBERS MUST COMPLETE AND SIGN OFF ON THE CONFLICT OF INTERST POLICY. THIS IS WHERE ANY CONFLICTS ARE DISCLOSED. CONFLICTS OF INTEREST WOULD BE BROUGHT TO THE ATTENTION OF THE BOARD WHO WOULD DISCUSS AND DETERMINE WHETHER SUCH CONFLICTS IN FACT DO EXIST. IF CONFLICTS OF INTEREST DO EXIT, APPROPRIATE ACTION WOULD BE TAKEN BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT 120 FINDERNE AVENUE, BRIDGEWATER, NJ 08807
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE TREASURER OF THE ORGANIZATION IS RESPONSIBLE FOR THE OVERSIGHT OF HOMESHARING, INC. IT IS THE TREASURERS RESPONSIBILITY TO SELECT THE INDEPENDENT ACCOUNTANT WHO WILL PERFORM THE AUDIT AND MAKE SURE THE AUDIT IS COMPLETED EACH YEAR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part I, Line 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section SECTION B, Line 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section SECTION B, Line 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section SECTION C, Line LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part XI, Line LINE 2C
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.78$2.18$3.27$3.81$0.55
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$0.88$2.73$2.82$3.09$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.97$0.96$3.00$2.50$2.40$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.02$0.38$2.64$2.62$2.39$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.50$0.09$2.41$3.12$2.07$1.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.46$0.10$1.36$2.65$2.36$0.29
2019Detailed filing. Detailed filing data is available for this year.$1.34$0.08$1.26$2.58$2.38$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.13$1.07$2.09$2.35$0.27
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.15$1.34$2.93$2.78$0.15
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.15$1.19$3.03$3.28$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.58$0.15$1.44$2.98$3.37$0.40
2014Detailed filing. Detailed filing data is available for this year.$1.88$0.05$1.84$2.78$2.93$0.16
2013Detailed filing. Detailed filing data is available for this year.$2.04$0.05$1.99$2.78$3.01$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.27$0.05$2.22$2.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.80$0.05$1.75$2.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.88$0.15$1.73$2.13