Civic Intelligence

Njaa Charitable Fund Inc

990EZ • Fiscal year 2022 • EIN 22-3593491

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 08, 2023

162 West State StreetTrenton, NJ 08608

(732) 992-0600

Siviq Scores

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

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

1st percentile

-33580%

Higher net margin than 1% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

3rd percentile

-98%

Faster asset growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Assets

Down

$2,294

Down $103,108 (-98%) from 2021

Net Assets

Down

$2,294

Down $103,108 (-98%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$5

Up $5 from 2021

Expenses

Down

$1,684

Down $6,846 (-80%) from 2021

Net Income

Up

-$1,679

Up $6,851 (+80%) from 2021

Historical Trend

Balance Sheet Trend

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

$150K$100K$50K$0Assets 2012: $46,534Liabilities 2012: $3,421Net Assets 2012: $43,1132012Assets 2016: $84,262Liabilities 2016: $1,525Net Assets 2016: $82,7372016Assets 2017: $112,915Liabilities 2017: $7,119Net Assets 2017: $105,7962017Assets 2018: $103,040Liabilities 2018: $0Net Assets 2018: $103,0402018Assets 2019: $122,524Liabilities 2019: $0Net Assets 2019: $122,5242019Assets 2020: $113,932Liabilities 2020: $0Net Assets 2020: $113,9322020Assets 2021: $105,402Liabilities 2021: $0Net Assets 2021: $105,4022021Assets 2022: $2,294Liabilities 2022: $0Net Assets 2022: $2,2942022Assets 2023: $2,130Liabilities 2023: $0Net Assets 2023: $2,1302023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2022

Assets$2,294
Liabilities$0
Net Assets$2,294

Operations Trend

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

$60K$40K$20K$0-$20KRevenue 2012: $50,634Expenses 2012: $36,141Net Income 2012: $14,4932012Revenue 2016: $50,032Expenses 2016: $35,476Net Income 2016: $14,5562016Revenue 2017: $46,058Expenses 2017: $22,999Net Income 2017: $23,0592017Revenue 2018: $40,030Expenses 2018: $42,786Net Income 2018: -$2,7562018Revenue 2019: $46,156Expenses 2019: $26,672Net Income 2019: $19,4842019Revenue 2020: $5Expenses 2020: $8,597Net Income 2020: -$8,5922020Revenue 2021: $0Expenses 2021: $8,530Net Income 2021: -$8,5302021Revenue 2022: $5Expenses 2022: $1,684Net Income 2022: -$1,6792022Revenue 2023: $0Expenses 2023: $164Net Income 2023: -$1642023Revenue 2024: $0Expenses 2024: $2,130Net Income 2024: -$2,1302024

Highlighted filing

2022

Revenue$5
Expenses$1,684
Net Income-$1,679
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$5
Mission and Program Overview

Mission

The njaa charitable fund was created in order to use the collective resources of the multi-family housing industry to give back to the community. Contributions whether time or monetary are utilized to provide scholarships and to host a holiday party in december for children in underserved communities.

Program Services

DescriptionGrantsExpenses
See Schedule O-$274
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN WATERSPresident-$0--
LYNNE ABERVice President-$0--
DAVID BROGANTreasurer-$0--
JEFF SMITHBoard-$0--
JOHN CRAMNERBoard-$0--
Filing and Contact Details

Filer

Filer Name
NJAA Charitable Fund Inc
EIN
22-3593491
In Care Of
% DAVID BROGAN
Phone
7329920600
Address
162 WEST STATE STREET, TRENTON, NJ 08608

Signing Officer

Name
David Brogan
Title
Treasurer
Phone
7329920600
Signed
2023-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Withumsmithbrownpc
Address
4600 EAST WEST HWY 900, BETHESDA, MD 20814-3423
Preparer
Brian E Bender CPA
Phone
3012726000
Supplemental Narrative

Additional Explanations

Form 990-ez, Part III, Primary Exempt Purpose

The njaa charitable fund was created in order to use the collective resources of the multi-family housing industry to give back to the community. Contributions whether time or monetary are utilized to provide scholarships and to support other charitable, not-for-profit organizations.

FORM 990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS:

One of the most rewarding parts of njaa membership is being involved with the njaa charitable fund. This nonprofit arm of the association works to gather the resources of the multifamily housing industry to give back to communities and those in need. Funds raised through the njaa charitable fund support the following: -undergraduate scholarships to qualified members, their family, and residents living in njaa member communities. -donations to charitable organizations throughout new jersey. Throughout the year, the charitable fund holds fundraisers including its annual golf outing and amazing race to raise funds to support the efforts mentioned above. The organization was significantly impacted by the covid-19 pandemic which prohibited its ability to hold events.

Form 990-ez, Part I, Line 20

Prior period adjustment: $ (106,077)

Form 990EZ Part I Line 16

Description:EVENTS AND EDUCATION Amount:274

Form 990EZ Part I Line 16

Description:ADMINISTRATIVE EXPENSES Amount:1410

Raw XML Appendix178 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0THE NJAA CHARITABLE FUND WAS CREATED IN ORDER TO USE THE COLLECTIVE RESOURCES OF THE MULTI-FAMILY HOUSING INDUSTRY TO GIVE BACK TO THE COMMUNITY. CONTRIBUTIONS WHETHER TIME OR MONETARY ARE UTILIZED TO PROVIDE SCHOLARSHIPS AND TO HOST A HOLIDAY PARTY IN DECEMBER FOR CHILDREN IN UNDERSERVED COMMUNITIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NJAA CHARITABLE FUND WAS CREATED IN ORDER TO USE THE COLLECTIVE RESOURCES OF THE MULTI-FAMILY HOUSING INDUSTRY TO GIVE BACK TO THE COMMUNITY. CONTRIBUTIONS WHETHER TIME OR MONETARY ARE UTILIZED TO PROVIDE SCHOLARSHIPS AND TO SUPPORT OTHER CHARITABLE, NOT-FOR-PROFIT ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE OF THE MOST REWARDING PARTS OF NJAA MEMBERSHIP IS BEING INVOLVED WITH THE NJAA CHARITABLE FUND. THIS NONPROFIT ARM OF THE ASSOCIATION WORKS TO GATHER THE RESOURCES OF THE MULTIFAMILY HOUSING INDUSTRY TO GIVE BACK TO COMMUNITIES AND THOSE IN NEED. FUNDS RAISED THROUGH THE NJAA CHARITABLE FUND SUPPORT THE FOLLOWING: -UNDERGRADUATE SCHOLARSHIPS TO QUALIFIED MEMBERS, THEIR FAMILY, AND RESIDENTS LIVING IN NJAA MEMBER COMMUNITIES. -DONATIONS TO CHARITABLE ORGANIZATIONS THROUGHOUT NEW JERSEY. THROUGHOUT THE YEAR, THE CHARITABLE FUND HOLDS FUNDRAISERS INCLUDING ITS ANNUAL GOLF OUTING AND AMAZING RACE TO RAISE FUNDS TO SUPPORT THE EFFORTS MENTIONED ABOVE. THE ORGANIZATION WAS SIGNIFICANTLY IMPACTED BY THE COVID-19 PANDEMIC WHICH PROHIBITED ITS ABILITY TO HOLD EVENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT: $ (106,077)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description:EVENTS AND EDUCATION Amount:274
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Description:ADMINISTRATIVE EXPENSES Amount:1410
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART III, PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III, LINE 28, PROGRAM SERVICE ACCOMPLISHMENTS:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990EZ PART I LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990EZ PART I LINE 16
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/ReturnTs02023-11-08T12:06:43-06:00
ReturnHeader/ReturnTypeCd0990EZ
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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