Civic Intelligence

Fort Lee Assistance and Support Housing

EIN 52-1935564 • 501(c)3 • Fort Lee, NJ

Profile

Low income housing programs

1403 Teresa DriveFort Lee, NJ 07024-2102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.64x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

6.76x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

50th percentile

4.2%

Higher net margin than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$12,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 14.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

42nd percentile

1.1%

Faster asset growth than 42% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

83rd percentile

45%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$2,748,388

Up $4,256 (+0.2%) from 2023

Liabilities

Up

$1,805,200

Up $54,546 (+3.1%) from 2023

Net Assets

Down

$943,188

Down $50,290 (-5.1%) from 2023

Revenue

Down

$207,395

Down $51,515 (-20%) from 2023

Expenses

Up

$253,634

Up $5,553 (+2.2%) from 2023

Net Income

Down

-$46,239

Down $57,068 (-527%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2010: $2,878,874Liabilities 2010: $281,343Net Assets 2010: $2,597,5312010Assets 2011: $2,852,640Liabilities 2011: $280,500Net Assets 2011: $2,572,1402011Assets 2012: $2,822,291Liabilities 2012: $293,921Net Assets 2012: $2,528,3702012Assets 2013: $2,779,043Liabilities 2013: $285,127Net Assets 2013: $2,493,9162013Assets 2014: $2,654,530Liabilities 2014: $280,544Net Assets 2014: $2,373,9862014Assets 2015: $2,602,726Liabilities 2015: $274,500Net Assets 2015: $2,328,2262015Assets 2016: $2,761,464Liabilities 2016: $275,310Net Assets 2016: $2,486,1542016Assets 2017: $2,757,113Liabilities 2017: $279,200Net Assets 2017: $2,477,9132017Assets 2018: $2,748,213Liabilities 2018: $294,025Net Assets 2018: $2,454,1882018Assets 2019: $2,731,735Liabilities 2019: $293,984Net Assets 2019: $2,437,7512019Assets 2020: $2,767,829Liabilities 2020: $293,813Net Assets 2020: $2,474,0162020Assets 2021: $2,780,290Liabilities 2021: $1,685,013Net Assets 2021: $1,095,2772021Assets 2022: $2,714,071Liabilities 2022: $1,701,422Net Assets 2022: $1,012,6492022Assets 2023: $2,744,132Liabilities 2023: $1,750,654Net Assets 2023: $993,4782023Assets 2024: $2,748,388Liabilities 2024: $1,805,200Net Assets 2024: $943,1882024

Highlighted filing

2024

Assets$2,748,388
Liabilities$1,805,200
Net Assets$943,188

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100K-$200KExpenses 2010: $118,5752010Expenses 2011: $107,4342011Expenses 2012: $144,3932012Revenue 2013: $78,605Expenses 2013: $130,834Net Income 2013: -$52,2292013Revenue 2014: $10,907Expenses 2014: $130,837Net Income 2014: -$119,9302014Revenue 2015: $70,581Expenses 2015: $116,341Net Income 2015: -$45,7602015Revenue 2016: $269,826Expenses 2016: $108,899Net Income 2016: $160,9272016Revenue 2017: $98,492Expenses 2017: $106,733Net Income 2017: -$8,2412017Revenue 2018: $84,811Expenses 2018: $108,536Net Income 2018: -$23,7252018Revenue 2019: $94,634Expenses 2019: $111,071Net Income 2019: -$16,4372019Revenue 2020: $213,934Expenses 2020: $177,669Net Income 2020: $36,2652020Revenue 2021: $179,466Expenses 2021: $206,014Net Income 2021: -$26,5482021Revenue 2022: $178,584Expenses 2022: $231,212Net Income 2022: -$52,6282022Revenue 2023: $258,910Expenses 2023: $248,081Net Income 2023: $10,8292023Revenue 2024: $207,395Expenses 2024: $253,634Net Income 2024: -$46,2392024

Highlighted filing

2024

Revenue$207,395
Expenses$253,634
Net Income-$46,239

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.75$1.81$0.94$0.21$0.25$0.05
2023Detailed filing. Detailed filing data is available for this year.$2.74$1.75$0.99$0.26$0.25$0.01
2022Detailed filing. Detailed filing data is available for this year.$2.71$1.70$1.01$0.18$0.23$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.78$1.69$1.10$0.18$0.21$0.03
2020Detailed filing. Detailed filing data is available for this year.$2.77$0.29$2.47$0.21$0.18$0.04
2019Detailed filing. Detailed filing data is available for this year.$2.73$0.29$2.44$0.09$0.11$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.75$0.29$2.45$0.08$0.11$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.76$0.28$2.48$0.10$0.11$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.76$0.28$2.49$0.27$0.11$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.60$0.27$2.33$0.07$0.12$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.65$0.28$2.37$0.01$0.13$0.12
2013Detailed filing. Detailed filing data is available for this year.$2.78$0.29$2.49$0.08$0.13$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.82$0.29$2.53$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.85$0.28$2.57$0.11
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.28$2.60$0.12
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 25, 2025
Return Version
2024v5.1
Gross Receipts
$207,395
Mission and Program Overview

Mission

Low income housing programs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,975,899$1,950,162▼ $25,737
Cash and Non-Interest-Bearing Accounts$382,306$415,023▲ $32,717
Investments Program Related$253,653$253,653→ $0
Other Notes and Loans Receivable, Net$118,507$71,870▼ $46,637
Accounts Receivable$5,668$57,680▲ $52,012
Savings and Temporary Cash Investments$8,099--
Total Assets$2,744,132$2,748,388▲ $4,256
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,368,016$1,381,696▲ $13,680
Grants Payable$268,500$268,500→ $0
Accounts Payable and Accrued Expenses$97,800$137,850▲ $40,050
Other Liabilities$16,338$17,154▲ $816
Total Liabilities$1,750,654$1,805,200▲ $54,546
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$993,478$943,188▼ $50,290
Total Net Assets Fund Balance$993,478$943,188▼ $50,290
Total Liabilities and Net Assets / Fund Balance$2,744,132$2,748,388▲ $4,256

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,405,156-$2,405,156
Land$459,800-$459,800
Leasehold Improvements$90,975-$90,975
Equipment$8,376-$8,376
Investment Program Related Org$253,653--
Other Land Buildings$0-$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Sherri BauerPresident
Dolores SteinbergVice-president
Bibi SpannMember
Ilia BaranikasMember
John KochMember
Lillian AcevedoMember
Zolia BordaMember
Terrence CorristonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$54,850
Program Service Revenue
$152,503
Investment Income
$42
Other Revenue
$0
All Other Contributions
$54,850
Change in Net Assets
$-46,239

Audited Revenue Reconciliation

Revenue per Audited Statements
$207,395
Total Revenue per Audited Statements
$207,395
Total Revenue per Form 990
$207,395
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,783
Salaries, Compensation, and Employee Benefits$12,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$118,101$0$0$118,101
Depreciation Depletion$80,587$0$0$80,587
Other Salaries and Wages$11,816$0$0$11,816
Fees for Services Accounting$0$8,514$0$8,514
Fees for Services Legal$0$7,670$0$7,670
Payroll Taxes$1,035$0$0$1,035
Office Expenses$0$450$0$450
Total Functional Expenses$226,950$26,684$0$253,634

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$253,634
Total Expenses per Audited Statements$253,634
Total Expenses per Form 990$253,634
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
Security Deposits$16,338
Payroll Taxes$816
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Fort Lee Assistance and Support Housing
EIN
52-1935564
Phone
2019477400
Address
1403 TERESA DRIVE, FORT LEE, NJ 07024-2102

Signing Officer

Name
Terrence Corriston
Title
Executive Director
Phone
2019477400
Signed
2025-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peggy Mcquade
Formed
2000
Legal Domicile
Nj
Voting Board Members
7
Independent Board Members
7
Employees
1
Volunteers
5

Preparer

Firm
Thomas R Furlong
Address
470 Highway 79 Suite 2, Morganville, NJ 07751
Preparer
Thomas Furlong
Phone
7325912300
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Organization makes Form 990 available for members and public

Pt VI, Line 19

Organization holds annual meeting to discuss audit

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRENCE CORRISTON

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