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Nonprofiteer
← URBAN LEAGUE OF ESSEX COUNTY OPPORTUNITY CORPORATION

Form 990 for tax year 2023

Filed by URBAN LEAGUE OF ESSEX COUNTY OPPORTUNITY CORPORATION.

Totals

Total revenue
$158,084
Total expenses
$217,239
Contributions and grants received
$111,520
Grants paid
$0
Program service revenue
$0
Investment income
$200
Other revenue
$46,364
Total assets, end of year
$6,713,110
Total liabilities, end of year
$6,449,954
Net assets or fund balances, end of year
$263,156
Program services expenses (Part IX)
$192,343
Management and general expenses
$24,896
Fundraising expenses
$0
Program service expenses (Part III)
$192,343

Program services were 88.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $41,866

  • 1f · All other contributions, gifts and grants

    $69,654

  • 3 · Investment income

    total $200 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $46,300

  • 6c · Rental income or loss

    real property $46,300

  • 6d · Net rental income or loss

    total $46,300 · related or exempt $46,300

  • 11a · Other revenue: MISCELLANEOUS

    total $64 · related or exempt $64 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $64

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $63,538 · program services $63,538 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $4,436 · program services $4,436 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $6,116 · program services $6,116 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $334 · program services $0 · management and general $334 · fundraising $0

  • 11c · Fees: accounting

    total $21,866 · program services $0 · management and general $21,866 · fundraising $0

  • 11g · Fees: other

    total $27,333 · program services $27,333 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $4,275 · program services $0 · management and general $4,275 · fundraising $0

  • 20 · Interest

    total $7,798 · program services $7,798 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $40,721 · program services $40,721 · management and general $0 · fundraising $0

  • 24a · Other expenses: PROPERTY RELATED EXPENSES

    total $5,834 · program services $5,834 · management and general $0 · fundraising $0

  • 24b · Other expenses: REAL ESTATE TAXES

    total $3,867 · program services $3,867 · management and general $0 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS EXPENSES

    total -$1,579 · program services $0 · management and general -$1,579 · fundraising $0

  • 24d · Other expenses: COMMUNITY DEV. FINANCIAL INSTITUTIONS

    total $32,700 · program services $32,700 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $294,414 · end of year $193,969

  • 2 · Savings and temporary cash investments

    end of year $3,338,071

  • 3 · Pledges and grants receivable

    end of year $69,654

  • 4 · Accounts receivable

    beginning of year $1,408 · end of year $3,843

  • 9 · Prepaid expenses and deferred charges

    end of year $25,470

  • 10a · Land, buildings and equipment: cost or other basis

    $512,312

  • 10b · Land, buildings and equipment: accumulated depreciation

    $34,782

  • 10c · Land, buildings and equipment, net

    beginning of year $646,709 · end of year $477,530

  • 15 · Other assets

    beginning of year $3,508 · end of year $2,604,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,470 · end of year $43,413

  • 19 · Deferred revenue

    beginning of year $103,133 · end of year $61,267

  • 23 · Secured mortgages and notes payable

    beginning of year $213,467 · end of year $6,027,921

  • 25 · Other liabilities

    beginning of year $587,658 · end of year $317,353

  • 28 · Net assets with donor restrictions

    beginning of year $22,311 · end of year $263,156

Mission and programs · 2023

Mission

THE ORGANIZATIONS MISSION IS TO ENCOURAGE AND SUPPORT COMMUNITY DEVELOPMENT, COMBAT COMMUNITY DETERIORATION, PROMOTE COMMUNITY STABILITY, AND ASSIST COMMUNITIES THROUGHOUT ESSEX COUNTY, NEW JERSEY IN THE PLANNING, AND DEVELOPMENT OF WORKFORCE HUSING, SPECIAL NEEDS HOUSING AND DECENT AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES.

  • THE ORGANIZATION ENCOURAGES AND SUPPORTS COMMUNITY DEVELOPMENT, COMBATS COMMUNITY DETERIORATION, PROMOTES COMMUNITY STABILITY, AND ASSISTS COMMUNITIES THROUGHOUT ESSEX COUNTY, NEW JERSEY IN THE PLANNING, DEVELOPMENT, CREATION, MANAGEMENT AND MAINTAINING WORKFORCE HOUSING, SPECIAL NEEDS HOUSING AND DECENT AFFORDABLE HOUSING FOR LOW INCOME AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $192,343

As filed on the 2023 return.

Listed in Part VII

  • DIANE BORRADAILE

    CHAIR

    Total calculated
    $0

  • ANNIE SNEED-GODFREY

    SECRETARY

    Total calculated
    $0

  • ALISON SALING

    MEMBER

    Total calculated
    $0

  • JASMINE CORDERO

    MEMBER

    Total calculated
    $0

  • LAURA BONAS PALMER

    MEMBER

    Total calculated
    $0

  • SONJA DABNEY

    MEMBER

    Total calculated
    $0

  • IDA B WILLIAMS

    MEMBER

    Total calculated
    $0

  • VIVIAN COX FRASER

    PRESIDENT AND CEO

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 October 2024
IRS schema version
2023v5.1
Source object
202432819349301988

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