Civic Intelligence

Asbury Park Redevelopment and Improvement Entity

990 • Fiscal year 2018 • EIN 47-2807969

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 11, 2019

Organization Profile
1000 Third AveAsbury Park, NJ 07712

(732) 222-3747

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

56th percentile

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

93rd percentile

58%

Higher net margin than 93% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2018

Balance Sheet
Liabilities / Assets57th percentile

Assets

$146,169

No earlier filing loaded for comparison.

Net Assets

$146,169

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin93rd percentile

Revenue

$251,460

No earlier filing loaded for comparison.

Expenses

$105,291

No earlier filing loaded for comparison.

Net Income

$146,169

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$300K$200K$100K$0Assets 2018: $146,169Liabilities 2018: $0Net Assets 2018: $146,1692018Assets 2019: $229,674Liabilities 2019: $0Net Assets 2019: $229,6742019

Highlighted filing

2018

Assets$146,169
Liabilities$0
Net Assets$146,169
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$300K$200K$100K$0Revenue 2018: $251,460Expenses 2018: $105,291Net Income 2018: $146,1692018Revenue 2019: $87,771Expenses 2019: $4,266Net Income 2019: $83,5052019

Highlighted filing

2018

Revenue$251,460
Expenses$105,291
Net Income$146,169
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 11, 2019
Return Version
2018v3.1
Gross Receipts
$251,460
Mission and Program Overview

Mission

To develop, create, and manage housing in and around the area of the city of asbury park new jersey for low and very low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$145,808-
Cash and Non-Interest-Bearing Accounts-$361-
Total Assets$0$146,169▲ $146,169
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$146,169-
Total Net Assets Fund Balance$0$146,169▲ $146,169
Total Liabilities and Net Assets / Fund Balance$0$146,169▲ $146,169
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Thomas SahlinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$138,253
Program Service Revenue
$113,205
Investment Income
$2
Other Revenue
$0
All Other Contributions
$138,253
Change in Net Assets
$146,169

Audited Revenue Reconciliation

Revenue per Audited Statements
$251,460
Total Revenue per Audited Statements
$251,460
Total Revenue per Form 990
$251,460
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$105,291
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
Fees for Services Management$105,291--$105,291
Total Functional Expenses$105,291$0$0$105,291

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$105,291
Total Expenses per Audited Statements$105,291
Total Expenses per Form 990$105,291
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Asbury Park Redevelopment and
EIN
47-2807969
Phone
7322223747
Address
1000 THIRD AVE, ASBURY PARK, NJ 07712

Signing Officer

Name
Thomas Sahlin
Title
Treasurer
Phone
7322223747
Signed
2019-10-11

Organization Details

Principal Officer
Gregory Hopson Sr
Formed
2015
Legal Domicile
Nj
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Hymanson Parnes & Giampaolo Pc
Address
467 MIDDLETOWN LINCROFT RD, LINCROFT, NJ 07738-1123
Preparer
Anthony Giampaolo CPA
Phone
7328424550
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“To operate/manage subsidized housign for low income families and to create/develop more affordable housing for low or very low income families”

Raw XML Appendix226 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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IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
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IRS990/GrossReceiptsAmt0251460
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IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt03
IRS990/IndoorTanningServicesInd0false
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IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt02
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IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0NJ
IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
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IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesEOYAmt0146169
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0105291
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0138253
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IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/ExpensesSubtotalAmt0105291
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IRS990ScheduleD/TotalExpensesPerForm990Amt0105291
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IRS990/ScheduleJRequiredInd0false
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223554220
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
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ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-19
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ReturnHeader/ReturnTs02019-10-19T09:28:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$146,169
Liabilities
$0
Net assets
$146,169
Revenue
$251,460
Expenses
$105,291
Net income
$146,169
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.88$0.04$0.84
2018Detailed filing. Detailed filing data is available for this year.$1.46$0.00$1.46$2.51$1.05$1.46