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Nonprofiteer
← INTERFAITH NEIGHBORS INC

Form 990 for tax year 2022

Filed by INTERFAITH NEIGHBORS INC.

Totals

Total revenue
$13,266,183
Total expenses
$6,351,165
Contributions and grants received
$13,777,000
Grants paid
$0
Program service revenue
$222,817
Investment income
-$845,165
Other revenue
$111,531
Total assets, end of year
$25,271,149
Total liabilities, end of year
$872,585
Net assets or fund balances, end of year
$24,398,564
Program services expenses (Part IX)
$5,829,074
Management and general expenses
$325,328
Fundraising expenses
$196,763
Program service expenses (Part III)
$5,829,074

Program services were 91.8% 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)

    $3,369,177

  • 1f · All other contributions, gifts and grants

    $10,407,823

  • 1g · Noncash contributions included above

    $1,130,278

  • 2a · Program service revenue: 1201 SPRINGWOOD URBAN RENEW

    total $135,920 · related or exempt $135,920

  • 2b · Program service revenue: 147 BORDEN AVENUE

    total $32,303 · related or exempt $32,303

  • 2c · Program service revenue: MISCELLANEOUS

    total $30,594 · related or exempt $30,594

  • 2d · Program service revenue: 520 PROSPECT AVENUE

    total $12,000 · related or exempt $12,000

  • 2e · Program service revenue: 522 PROSPECT AVENUE

    total $12,000 · related or exempt $12,000

  • 3 · Investment income

    total $206,176 · excluded $206,176

  • 7a · Gross sales of assets other than inventory

    securities $3,836,419

  • 7b · Less cost or other basis and sales expenses

    securities $4,875,615 · other assets $12,145

  • 7c · Gain or loss

    securities -$1,039,196 · other assets -$12,145

  • 7d · Net gain or loss

    total -$1,051,341 · related or exempt -$1,051,341

  • 8a · Fundraising events: gross income

    $178,924

  • 8b · Fundraising events: direct expenses

    $67,393

  • 8c · Net income from fundraising events

    total $111,531 · excluded $111,531

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,048,005 · program services $1,782,938 · management and general $167,616 · fundraising $97,451

  • 9 · Other employee benefits

    total $249,958 · program services $217,464 · management and general $19,996 · fundraising $12,498

  • 10 · Payroll taxes

    total $170,487 · program services $148,422 · management and general $13,953 · fundraising $8,112

  • 12 · Advertising and promotion

    total $69,583 · program services $39,257 · management and general $4,500 · fundraising $25,826

  • 16 · Occupancy

    total $28,494 · program services $28,494

  • 19 · Conferences, conventions and meetings

    total $7,597 · program services $4,865 · management and general $2,732

  • 22 · Depreciation, depletion and amortization

    total $130,329 · program services $128,147 · management and general $1,838 · fundraising $344

  • 23 · Insurance

    total $143,055 · program services $128,432 · management and general $8,412 · fundraising $6,211

  • 24a · Other expenses: FOOD COSTS

    total $1,069,048 · program services $1,069,048

  • 24b · Other expenses: CLIENT ASSISTANCE

    total $818,783 · program services $818,783

  • 24c · Other expenses: PROGRAM COSTS-NUT

    total $418,070 · program services $418,070

  • 24d · Other expenses: COMMUNITY PROJECTS

    total $328,572 · program services $328,572

  • 24e · All other expenses

    total $869,184 · program services $716,582 · management and general $106,281 · fundraising $46,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,476,565 · end of year $3,143,451

  • 3 · Pledges and grants receivable

    beginning of year $5,455,466 · end of year $5,631,905

  • 7 · Other notes and loans receivable

    beginning of year $86,222 · end of year $1,827

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,833 · end of year $41,481

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

    $6,028,985

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

    $1,381,412

  • 10c · Land, buildings and equipment, net

    beginning of year $4,601,704 · end of year $4,647,573

  • 11 · Investments: publicly traded securities

    beginning of year $2,169,361 · end of year $9,140,602

  • 15 · Other assets

    beginning of year $4,394,262 · end of year $2,664,310

  • 17 · Accounts payable and accrued expenses

    beginning of year $367,370 · end of year $254,269

  • 19 · Deferred revenue

    beginning of year $168,533 · end of year $583,033

  • 24 · Unsecured notes and loans payable

    beginning of year $1,150,000

  • 25 · Other liabilities

    beginning of year $35,964 · end of year $35,283

  • 27 · Net assets without donor restrictions

    beginning of year $11,176,467 · end of year $17,481,582

  • 28 · Net assets with donor restrictions

    beginning of year $6,307,079 · end of year $6,916,982

Mission and programs · 2022

Mission

TO PROVIDE MEALS, RENTAL ASSISTANCE, UTILITY ASSISTANCE AND AFFORDABLE HOUSING TO UNDERPRIVILEDGED FAMILIES, THE ELDERLY, FRAIL AND THE HOMEBOUND, ALONG WITH OVERALL COMMUNITY DEVELOPMENT IN UNDERPRIVILEDGED NEIGHBORHOODS.

  • IN 2022, INTERFAITH NEIGHBORS PROVIDED RENTAL, UTILITY AND MORTGAGE ASSISTANCE TO APPROXIMATELY 298 FAMILIES, WHICH INCLUDED OVER 800 INDIVIDUALS FACING EVICTION OR HOMELESSNESS,ENABLING THEM TO REMAIN IN THEIR PLACE OF RESIDENCE FOLLOWING A SUDDEN ECONOMIC CHALLENGE.

    Expenses $1,582,148

  • INTERFAITH NEIGHBORS ADDRESSED ISSUES OF FOOD INSECURITY EFFECTING RESIDENTS OF MONMOUTH COUNTY,NEW JERSEY, BY PREPARING, SERVING AND DELIVERING APPROXIMATELY 350,194 MEALS TO THE MOST NEEDY, TO HOMEBOUND SENIOR RESIDENTS AND DISABLED PERSONS. THIS PROGRAM IS ASSISTED BY OVER 500 INDIVIDUAL VOLUNTEERS WHO PROVIDE CLOSE TO 18,000 HOURS OF VOLUNTEER SERVICE TO THIS PROGRAM.

    Expenses $2,811,266

  • INTERFAITH NEIGHBORS HAS AN ONGOING, STATE APPROVED, NEIGHBORHOOD REVITALIZATION PROGRAM THAT IT HAS UNDERTAKEN ACROSS THE WEST SIDE OF ASBURY PARK, NEW JERSEY. THIS PROGRAM IS AN ACTIVE EFFORT TO ADDRESS A NUMBER OF CONDITIONS WHICH EXIST ACROSS UNDERSERVED COMMUNITIES AND, TAKEN TOGETHER, ADVERSELY EFFECT THE OVERALL HEALTH OF THE COMMUNITY. INTERFAITH'S PROGRAM ENTAILS, AMONG OTHER INITIATIVES, THE BUILDING OF SAFE, CLEAN, AFFORDABLE HOUSING, DEVELOPING WORKFORCE PROGRAMS GEARED TO JOBS IN HIGH DEMAND INDUSTRIES WITH LIVING WAGE SALARIES, INSPIRING COLLABORATION ACROSS COMMUNITY GROUPS FOR FOCUSED NEIGHBORHOOD INITIATIVES, AND PROGRAMS TO BRING AN AWARENESS TO HEALTHY LIFESTYLES AND PROPER NUTRITION, WHICH IS COMBINED WITH INTERFAITH'S DEVELOPMENT OF URBAN FARMS AND A HYDROPONIC FARM IN THEIR UNDERSERVED NEIGHBORHOOD THAT HAS ALSO BEEN DEEMED A FOOD DESERT.

    Expenses $1,435,660

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul L McEvily

    EXECUTIVE DI

    Total calculated
    $110,000
    From this org
    $110,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Walter Craig

    ASSOC EXEC D

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Joseph Marmora

    TREASURER/TR

    Total calculated
    $19,520
    From this org
    $19,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Kathleen Ellis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bob Hogan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Edward Johnson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gwendolyn O Love

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carol Ann McLaughlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David S Kountz MD Mdamacp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vincent Petruzziello

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Rabbi Sally Priesand

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Pam Saunders

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349318974

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