EIN 26-4008074

Community Asset Preservation Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2009
Most recent tax filings
2023-09-01
NTEE code, primary
Description
Community Asset Preservation Corporation stabilizes neighborhoods, protects households from foreclosure risk, and returns vacant foreclosed properties to livable conditions. They aim to increase the availability of affordable housing and work with municipalities, lenders, and community groups to repurpose foreclosed properties, vacant buildings, and abandoned homes. They also work with lenders to acquire distressed mortgages.
Total revenues
$4,257,789
2023
20192020202120222023$4m$8m
Total expenses
$5,880,229
2023
20192020202120222023$5m$6m$7m
Total assets
$80,382,256
2023
20192020202120222023$60m$80m
Num. employees
0
2023
2019202020212022202300.51

Program areas at Community Asset Preservation Corporation

To stabilize neighborhoods and protect communities. To work with municipalities, lenders, and Community groups to turn foreclosed properties, vacant buildings, and abandoned homes into affordable housing. To work with lenders to acquire distressed mortgage notes and reos to prevent, or at least limit properties from becoming nuisances in communities. Work with numerous Community groups, socially-minded for-profit organizations, and Community development corporations to revitalize particular areas and rehabilitate homes.

Grants made by Community Asset Preservation Corporation

GranteeGrant descriptionAmount
Essex Community Land TrustShared Equity Initiative Grant$30,000

Who funds Community Asset Preservation Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
South Ward Children's Alliance (SWA)To Support Students in Their Academic Success and Close the Achievement Gap$90,000
Catholic Charities Diocese of MetuchenNRTC Services$90,000
Victoria FoundationTo Support General Operations$35,000
...and 1 more grant received

Personnel at Community Asset Preservation Corporation

NameTitleCompensation
Bernel HallPresident and Chief Executive Officer$0
Marie MascherinChief Operating Officer TRM 6 and 23$0
Jacqueline RobinsonChief Financial Officer TRM 5 and 22$0
Peter GrofDeputy To the President$0
Ryan JohnsonManaging Director , Real Estate$0
...and 10 more key personnel

Financials for Community Asset Preservation Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$4,907,259
Program services$642,221
Investment income and dividends$22,565
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-96,050
Net gain from sale of non-inventory assets$-1,218,206
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,257,789

Form 990s for Community Asset Preservation Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-15990View PDF
2022-092023-08-14990View PDF
2021-092022-08-11990View PDF
2020-092021-08-12990View PDF
2019-092020-10-13990View PDF
...and 5 more Form 990s
Data update history
September 24, 2024
Posted financials
Added Form 990 for fiscal year 2023
September 22, 2024
Used new vendors
Identified 1 new vendor, including
September 21, 2024
Updated personnel
Identified 4 new personnel
July 14, 2024
Received grants
Identified 3 new grant, including a grant for $90,000 from South Ward Children's Alliance (SWA)
October 10, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Real estate organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Receives government fundingManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
100 Albany St Suite 250
New Brunswick, NJ 08901
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
Middlesex County, NJ
Website URL
newjerseycommunitycapital.org/programs-initiatives/current-programs/community-asset-preservation-corporation/ 
Phone
(732) 640-2061
IRS details
EIN
26-4008074
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L25: Housing Rehabilitation
NAICS code, primary
5313: Real Estate Services
Parent/child status
Central organization
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