UNIVERSITY HOUSING PROJECT C/O DREW UNIVERSITY

EIN: 222970182 501(c)(3)

MADISON, NJ

Total Revenue
$69,397
Total Expenses
$27,518
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NJ
Principal Officer
THOMAS SCHWARZ
Phone
9734083501
Tax Period
2021-07-01 to 2022-06-30

UNIVERSITY HOUSING PROJECT C/O DREW UNIVERSITY, founded in 1989, is a micro nonprofit that reported $69K in total revenue in fiscal year 2021. Revenue fell 64% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $42K, a strong 60% operating margin.

Mission

UNIVERSITY HOUSING PROJECT CORPORATION ("UHP") WAS FORMED IN APRIL 1989 FOR THE PURPOSE OF DEVELOPING AFFORDABLE HOUSING AND OFFERING SUCH HOUSING FOR SALE OR LEASE TO QUALIFIED FACULTY AND STAFF OF DREW UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $27,518 Revenue: $69,397

DEVELOPING AFFORDABLE HOUSING AND OFFERING SUCH HOUSING FOR SALE OR LEASE TO QUALIFIED FACULTY AND STAFF OF DREW UNIVERSITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $69,397
Investment Income $0
Other Revenue $0
TOTAL REVENUE $69,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,518
Other Expenses $27,518
TOTAL EXPENSES $27,518

Year-over-Year Comparison

2021 2020 Change
Revenue $69,397 $190,149 -0.6%
Expenses $27,518 $212,481 -0.9%
Net Income $41,879 $-22,332 -2.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$957,287
Total Directors
3
$957,287
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS SCHWARZ PRESIDENT 1.00
Officer Director
$0 $0 $665,690
GREGORY A SMITH VICE PRESIDENT 1.00
Officer Director
$0 $8,298 $190,661
BARBARA R BRESNAHAN CHIEF OF STAFF/SECRETARY 1.00
Officer Director
$0 $5,936 $100,936
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2022 $69,397 $27,518 No data $41,879
2021 $190,149 $212,481 $805,173 $-22,332
2020 $221,870 $162,460 $950,439 $59,410
2019 $278,211 $256,849 $1,316,009 $21,362
2018 $373,821 $437,541 $1,365,475 $-63,720
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