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Nonprofiteer
← METUCHEN COMMUNITY SERVICES CORPORATION

Form 990 for tax year 2023

Filed by METUCHEN COMMUNITY SERVICES CORPORATION.

Totals

Total revenue
$1,362,954
Total expenses
$1,471,303
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,307,305
Investment income
$53,635
Other revenue
$2,014
Total assets, end of year
$9,313,680
Total liabilities, end of year
$797,091
Net assets or fund balances, end of year
$8,516,589
Program services expenses (Part IX)
$1,304,630
Management and general expenses
$166,673
Fundraising expenses
$0
Program service expenses (Part III)
$1,304,630

Program services were 88.7% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,181,411 · related or exempt $1,181,411

  • 2b · Program service revenue: CONTRACTED SERVICES

    total $125,894 · related or exempt $125,894

  • 3 · Investment income

    total $53,635 · excluded $53,635

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $2,014 · excluded $2,014

  • 11e · Other revenue, total

    $2,014

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $74,963 · program services $74,963

  • 8 · Pension plan contributions

    total $1,700 · program services $1,700

  • 9 · Other employee benefits

    total $29,438 · program services $29,438

  • 10 · Payroll taxes

    total $6,843 · program services $6,843

  • 11a · Fees: management

    total $148,430 · management and general $148,430

  • 11b · Fees: legal

    total $4,285 · program services $4,285

  • 11c · Fees: accounting

    total $17,325 · management and general $17,325

  • 11g · Fees: other

    total $16,275 · program services $16,275

  • 13 · Office expenses

    total $4,646 · program services $4,646

  • 16 · Occupancy

    total $62,846 · program services $62,846

  • 17 · Travel

    total $197 · program services $197

  • 20 · Interest

    total $4,390 · program services $4,390

  • 22 · Depreciation, depletion and amortization

    total $360,841 · program services $360,841

  • 23 · Insurance

    total $196,526 · program services $196,526

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $455,176 · program services $455,176

  • 24b · Other expenses: PROPERTY TAXES

    total $57,261 · program services $57,261

  • 24c · Other expenses: OTHER FACILITY COSTS

    total $29,243 · program services $29,243

  • 24d · Other expenses: MISCELLANEOUS

    total $918 · management and general $918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,360 · end of year $2,343

  • 2 · Savings and temporary cash investments

    beginning of year $2,465,942 · end of year $2,539,438

  • 4 · Accounts receivable

    beginning of year $39,347 · end of year $71,247

  • 9 · Prepaid expenses and deferred charges

    beginning of year $202,623 · end of year $199,355

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

    $10,346,322

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

    $5,559,569

  • 10c · Land, buildings and equipment, net

    beginning of year $5,067,828 · end of year $4,786,753

  • 12 · Investments: other securities

    beginning of year $1,634,732 · end of year $1,684,329

  • 15 · Other assets

    beginning of year $28,645 · end of year $30,215

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,582 · end of year $67,345

  • 19 · Deferred revenue

    beginning of year $7,363 · end of year $1,430

  • 21 · Escrow or custodial account liability

    beginning of year $41,820 · end of year $42,665

  • 23 · Secured mortgages and notes payable

    beginning of year $349,069 · end of year $685,651

  • 27 · Net assets without donor restrictions

    beginning of year $8,970,643 · end of year $8,516,589

Mission and programs · 2023

Mission

THE PROVISION OF RENTAL SPACE TO NON-PROFIT ORGANIZATIONS AND THE DEVELOPMENT AND PROVISION OF LOW-TO-MODERATE-INCOME HOUSING.

Activities or mission (Part I)

SEE PAGE 2, PART III, LINE 1

  • THE PROVISION OF RENTAL SPACE TO NON-PROFIT ORGANIZATIONS AND THE DEVELOPMENT AND PROVISION OF LOW-TO-MODERATE-INCOME HOUSING.

    Expenses $1,304,630 · Revenue $1,307,305

As filed on the 2023 return.

Listed in Part VII

  • MOST REV JAMES F CHECCHIO

    BISHOP OF METUCHEN

    Total calculated
    $0
    Hours/week
    0.2

  • GARY HOAGLAND ESQ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.2

  • MR JULIO COTO

    SECRETARY/TREASURER

    Total calculated
    $257,853
    From this org
    $0
    From related orgs
    $246,585
    Other
    $11,268
    Hours/week
    0.2 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,679 related
    Bonus
    $0
    Other
    $0 + $28,906 related
    Deferred
    $0 + $10,884 related
    Nontaxable benefits
    $0 + $384 related
    Filer's total
    $0 + $257,853 related

  • MS ELIZABETH GROSS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MS MARIA HUNTER

    TRUSTEE

    Total calculated
    $101,460
    From this org
    $0
    From related orgs
    $78,531
    Other
    $22,929
    Hours/week
    0.2 + 35 related

  • MR AUSTIN C KOSIK JR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MR JARID R TOWEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MS ALEJANDRINA VASQUEZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

  • MR JOSEPH GRAU

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
24 July 2024
IRS schema version
2023v5.1
Source object
202402079349301000

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