Civic Intelligence

Shalom Housing Development Inc.

990 • Fiscal year 2017 • EIN 47-5142235

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 31, 2018

Organization ProfileN/A
36 South Main StreetPleasantville, NJ 08232

(609) 646-8861

Siviq Scores

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

Liabilities / Assets

3rd percentile

0.00x

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

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

3rd percentile

0.00x

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

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Net Margin

3rd percentile

-796%

Higher net margin than 3% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

46th percentile

$0

Higher top officer pay than 46% of similar nonprofits.

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

2017 filings • NTEE L20 • $1M-$5M nonprofits • Source year 2017

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

1st percentile

-98%

Faster revenue growth than 1% of similar nonprofits.

2017 filings • NTEE L20 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets3rd percentile

Assets

Down

$1,108,975

Down $146,613 (-12%) from 2016

Net Assets

Down

$1,108,975

Down $146,613 (-12%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue And Expenses
Liabilities / Revenue3rd percentileNet Margin3rd percentile

Revenue

Down

$24,993

Down $1,276,400 (-98%) from 2016

Expenses

Up

$224,022

Up $178,217 (+389%) from 2016

Net Income

Down

-$199,029

Down $1,454,617 (-116%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $1,255,588Liabilities 2016: $0Net Assets 2016: $1,255,5882016Assets 2017: $1,108,975Liabilities 2017: $0Net Assets 2017: $1,108,9752017Assets 2018: $1,155,897Liabilities 2018: $0Net Assets 2018: $1,155,8972018Assets 2019: $1,218,289Liabilities 2019: $0Net Assets 2019: $1,218,2892019Assets 2020: $1,203,809Liabilities 2020: $0Net Assets 2020: $1,203,8092020Assets 2021: $1,500,998Liabilities 2021: $0Net Assets 2021: $1,500,9982021Assets 2022: $1,366,394Liabilities 2022: $0Net Assets 2022: $1,366,3942022Assets 2023: $1,459,497Liabilities 2023: $0Net Assets 2023: $1,459,4972023Assets 2025: $1,706,741Liabilities 2025: $0Net Assets 2025: $1,706,7412025

Highlighted filing

2017

Assets$1,108,975
Liabilities$0
Net Assets$1,108,975
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2016: $1,301,393Expenses 2016: $45,805Net Income 2016: $1,255,5882016Revenue 2017: $24,993Expenses 2017: $224,022Net Income 2017: -$199,0292017Revenue 2018: $26,668Expenses 2018: $40,186Net Income 2018: -$13,5182018Revenue 2019: $84,172Expenses 2019: $42,215Net Income 2019: $41,9572019Revenue 2020: $56,646Expenses 2020: $36,666Net Income 2020: $19,9802020Revenue 2021: $56,917Expenses 2021: $36,647Net Income 2021: $20,2702021Revenue 2022: $72,354Expenses 2022: $51,022Net Income 2022: $21,3322022Revenue 2023: $41,871Expenses 2023: $44,807Net Income 2023: -$2,9362023Revenue 2025: $59,911Expenses 2025: $26,283Net Income 2025: $33,6282025

Highlighted filing

2017

Revenue$24,993
Expenses$224,022
Net Income-$199,029
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 31, 2018
Return Version
2016v3.0
Gross Receipts
$39,466
Mission and Program Overview

Mission

To serve as the developer for shalom towers inc, a new jersey nonprofit corporation, and otherwise assist shalom towers inc with respect to the ownership, financing, rehabilitation, renovation, maintenance and/or operation of a 150 unit senior citizen rental apartment project owned by shalom towers inc, know as "shalom house and located in ventnor city, new jersey, and in connection therewith to be paid a development fee for such services. And to provide support for other non-profit organizations in the local community.

Serve as developer and provide support for shalom towers inc, a nonprofit corporation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,255,588$1,108,975▼ $146,613
Investments Other Securities-$999,588-
Savings and Temporary Cash Investments$210,388--
Cash and Non-Interest-Bearing Accounts$697,493$52,642▼ $644,851
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,255,588$1,108,975▼ $146,613
Other Assets Total$347,707$56,745▼ $290,962
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,255,588$1,108,975▼ $146,613
Total Liabilities and Net Assets / Fund Balance$1,255,588$1,108,975▼ $146,613

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$56,745--
Other Securities$257,973--
Compensation and Service Providers
Top Officer Pay46th percentile

Board Members and Trustees

NameTitle
Richard CohenTrustee/president
David BernsteinTrustee/vice President
Edmond KulpTrustee
Edward AltmanTrustee
Faye ThompsonTrustee
Stanley WaldmanTrustee
Susan FeldmanTrustee
Elliott KrausTrustee/secretary
Jerome GreenbergTrustee/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$24,993
Other Revenue
$0
Change in Net Assets
$-199,029
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$162,343
Other Expenses$61,679
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$162,343--$162,343
Fees for Services Management-$55,129-$55,129
Fees for Service Investment Mgmnt Fees-$2,685-$2,685
Fees for Services Accounting-$1,901-$1,901
Other Expenses-$1,123-$1,123
Office Expenses-$841-$841
Total Functional Expenses$162,343$61,679$0$224,022
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shalom Towers IncVentnor, NJ501(c)(3)To Fund Repairs, Maintain the Building, and to Provide Improvements.$87,343
Shalom Towers IncVentnor, NJ501(c)(3)To Fund Purchase of Mini-bus to Assist Elderly Residents With Their Food Shopping, Dr. Appts. and Recreation Needs.$75,000
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
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, Part VI, Section B, line 11B

“Form 990 is discussed and approved during a board meeting prior to issuance.”

Form 990, Part VI, Section C, line 19

“Governing documents are available for examination in the business office upon request. Form 990 is available upon request and can also be obtained via the website www.guidestar.org.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Richard cohen - 429 n quincy avenue, margate, nj 08402. David bernstein - 605 kingsley drive, ventnor, nj 08406. Jerome greenberg - 220 n clermont avenue, margate, nj 08402. Elliott kraus - 24 harbor lane, margate, nj 08402. Edward altman - 309 n fredericksburg avenue, ventnor, nj 08406. Edmond kulp - 609 n huntington avenue, margate, nj 08402. Stanley waldman - 7400 bayshore drive, margate, nj 08402. Susan feldman - 12 s union avenue, margate, nj 08402. Faye thompson - 7507 burk avenue, margate, nj 08402.”

Filing and Contact Details

Filer

Filer Name
Shalom Housing Development Inc
EIN
47-5142235
Phone
6096468861
Address
36 South Main Street, Pleasantville, NJ 08232

Signing Officer

Name
Richard Cohen
Title
Trustee/president
Phone
6096468861
Signed
2018-01-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Cohen
Formed
2015
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Capaldi Reynolds & Pelosi PA
Address
332 Tilton Road, Northfield, NJ 08225
Preparer
Larry Horowitz
Phone
6096414000
Raw XML AppendixShowing 400 of 421 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/ScheduleBRequiredInd00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt056745
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM SHALOM TOWERS INC A SUPPORTED ORGANIZATION UNDER IRC 509(A)3
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0741615
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1257973
IRS990ScheduleD/OtherSecuritiesGrp/Desc0MARKETABLE SECURITIES - VANGUARD
IRS990ScheduleD/OtherSecuritiesGrp/Desc1MARKETABLE SECURITIES - BENJAMIN EDWARDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt056745
IRS990ScheduleD/TotalBookValueSecuritiesAmt0999588
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt087343
IRS990ScheduleI/RecipientTable/CashGrantAmt175000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FUND REPAIRS, MAINTAIN THE BUILDING, AND TO PROVIDE IMPROVEMENTS.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO FUND PURCHASE OF MINI-BUS TO ASSIST ELDERLY RESIDENTS WITH THEIR FOOD SHOPPING, DR. APPTS. AND RECREATION NEEDS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SHALOM TOWERS INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SHALOM TOWERS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0222260993
IRS990ScheduleI/RecipientTable/RecipientEIN1222260993
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt07301 MARSHALL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt17301 MARSHALL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0VENTNOR
IRS990ScheduleI/RecipientTable/USAddress/CityNm1VENTNOR
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd008406
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd108406
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is discussed and approved during a board meeting prior to issuance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Governing documents are available for examination in the business office upon request. Form 990 is available upon request and can also be obtained via the website www.guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2RICHARD COHEN - 429 N QUINCY AVENUE, MARGATE, NJ 08402. DAVID BERNSTEIN - 605 KINGSLEY DRIVE, VENTNOR, NJ 08406. JEROME GREENBERG - 220 N CLERMONT AVENUE, MARGATE, NJ 08402. ELLIOTT KRAUS - 24 HARBOR LANE, MARGATE, NJ 08402. EDWARD ALTMAN - 309 N FREDERICKSBURG AVENUE, VENTNOR, NJ 08406. EDMOND KULP - 609 N HUNTINGTON AVENUE, MARGATE, NJ 08402. STANLEY WALDMAN - 7400 BAYSHORE DRIVE, MARGATE, NJ 08402. SUSAN FELDMAN - 12 S UNION AVENUE, MARGATE, NJ 08402. FAYE THOMPSON - 7507 BURK AVENUE, MARGATE, NJ 08402.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0SHALOM TOWERS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222260993
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDE HOUSING FOR LOW INCOME ELDERLY & DISABLED ON A NONPROFIT BASIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt07301 MARSHALL AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0VENTNOR
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd008406
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0162343
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FUND IMPROVEMENTS & OPERATIONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SHALOM TOWERS INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01255588
IRS990/TotalAssetsEOYAmt01108975
IRS990/TotalAssetsGrp/BOYAmt01255588
IRS990/TotalAssetsGrp/EOYAmt01108975
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061679
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0162343
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224022
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01255588
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01108975
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0162343
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt024993
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt024993
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01255588
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01108975
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0429 N QUINCY AVENUE
IRS990/USAddress/CityNm0MARGATE
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008402
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Richard Cohen
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE/PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06096468861
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-31
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Shalom Housing Development Inc
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O Community Realty Management
ReturnHeader/Filer/BusinessNameControlTxt0SHAL
ReturnHeader/Filer/EIN0475142235
ReturnHeader/Filer/PhoneNum06096468861
ReturnHeader/Filer/USAddress/AddressLine1Txt036 South Main Street
ReturnHeader/Filer/USAddress/CityNm0Pleasantville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,108,975
Liabilities
$0
Net assets
$1,108,975
Revenue
$24,993
Expenses
$224,022
Net income
-$199,029
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$0.00$1.71$0.06$0.03$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$0.04$0.04$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.37$0.00$1.37$0.07$0.05$0.02
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.00$1.50$0.06$0.04$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.20$0.00$1.20$0.06$0.04$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.00$1.22$0.08$0.04$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.16$0.00$1.16$0.03$0.04$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.11$0.00$1.11$0.02$0.22$0.20
2016Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$1.30$0.05$1.26