Grandview Apartment Affordable Housing Corporation

EIN: 223389093 501(c)(3) Housing & Shelter

Neptune, NJ

Total Revenue
$1,791,053
Total Expenses
$1,717,927
Total Assets
$9,017,228
Net Assets
$8,387,629
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NJ
Principal Officer
RANDI MOORE
Phone
7323892958
Tax Period
2023-01-01 to 2023-12-31

Grandview Apartment Affordable Housing Corporation, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.7M left a modest 4% surplus.

Mission

The Organization has been formed as its sole purpose, to provide and manage housing facilities and services for individuals and families with low, very low, and moderate incomes in Keansburg, Monmouth County, NJ in a manner of such nature that it is consistent with their needs and promotes and improves their quality of life and useful enjoyment of their living environment.

Program Service Accomplishments

Program 1
Expenses: $1,544,906 Revenue: $870,511

THE PROJECT IS A 131 UNIT APARTMENT COMPLEX LOCATED IN NEW JERSEY. THE PROJECT IS OPERATED UNDER SEC. 236 OF THE NATIONAL HOUSING ACT AND SEC. 221 OF THE LOW INCOME HOUSING PRESERVATION AND RESIDENT...

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THE PROJECT IS A 131 UNIT APARTMENT COMPLEX LOCATED IN NEW JERSEY. THE PROJECT IS OPERATED UNDER SEC. 236 OF THE NATIONAL HOUSING ACT AND SEC. 221 OF THE LOW INCOME HOUSING PRESERVATION AND RESIDENT HOMEOWNER ACT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $902,659
Program Service Revenue $863,967
Investment Income $17,843
Other Revenue $6,584
TOTAL REVENUE $1,791,053

Expense Breakdown

Grants Paid $0
Salaries & Benefits $378,480
Fundraising Expenses $0
Program Expenses $1,544,906
Other Expenses $1,339,447
TOTAL EXPENSES $1,717,927

Year-over-Year Comparison

2023 2022 Change
Revenue $1,791,053 $1,898,986 -0.1%
Expenses $1,717,927 $1,883,133 -0.1%
Net Income $73,126 $15,853 +3.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
6
Independent Members
6
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
4
$334,006
Total Directors
7
$282,127
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDI MOORE EXECUTIVE DIRECTOR 0.5
Officer
$0 $0 $179,653
WARREN SIDOSKY TREASURER 0.5
Officer Director
$0 $0 $154,353
CHRISTOPHER PUGLIESE TRUSTEE 1.0
Director
$0 $0 $127,774
Donna Blaze chair 1.0
Officer Director
$0 $0 $0
GAIL ABRAMS SECRETARY (TERM 11/3/2023) 1.0
Officer Director
$0 $0 $0
Bernard Friel DIRECTOR 1.0
Director
$0 $0 $0
WAYNE GREER DIRECTOR 1.0
Director
$0 $0 $0
Maria Maio Messano DIRECTOR 1.0
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $1,791,053 $1,717,927 $9,017,228 $73,126
2022 $1,898,986 $1,883,133 $8,950,312 $15,853
2021 $1,960,403 $1,818,319 $9,150,542 $142,084
2020 $2,002,766 $1,809,664 $8,993,376 $193,102
2019 $2,027,864 $1,681,959 $8,838,862 $345,905
2018 $1,915,498 $1,748,339 $8,536,593 $167,159
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