Griggs Farm Inc.
Griggs Farm Inc.
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About this organization
Mission
PROVIDE QUALITY HOMES IN A DIVERSE COMMUNITY FOR HOUSEHOLDS WHOSE TOTAL GROSS INCOMES FALL BETWEEN 30 AND 60 PERCENT OF THE AREA MEDIAN AND WITHIN GUIDELINES SET BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR LOW INCOME HOUSEHOLDS. RENT FOR ALL UNITS IS SET AT 30% OF GROSS INCOME.
About
GRIGGS FARM, INC. OWNS 70 AFFORDABLE LOW INCOME UNITS: THE GRIGGS FARM COMMUNITY ALSO INCLUDES 70 AFFORDABLE OWNERSHIP UNITS MANAGED BY THE MUNICIPALITY OF PRINCETON, AND 140 MARKET RATE PRIVATE OWNERSHIP UNITS. GRIGGS FARM WAS DEVELOPED THROUGH THE FEDERAL LOW INCOME HOUSING TAX CREDIT PROGRAM; ALL TAX CREDITS WERE REDEEMED IN 2005. THERE ARE NO CURRENT GOVERNMENT SUBSIDIES AND GRIGGS FARM INC.'S OPERATIONS ARE FINANCED SOLELY FROM THE RENTAL INCOME DERIVED FROM ITS 70 UNITS. THROUGH CAREFUL MANAGEMENT, WE ARE ABLE TO HOLD RENTS TO 30% OF EACH HOUSEHOLD'S GROSS INCOME. PCH DEVELOPMENT CORP. A RELATED NONPROFIT ORGANIZATION, MANAGES THE UNITS AND OPERATIONS. GRIGGS FARM IS SERVED DAILY VIA PUBLIC BUS TRANSPORTATION, ENABLING RESIDENTS TO TRAVEL TO NEARBY JOBS AND SHOPPING, DOWNTOWN PRINCETON AND AREA MALLS.GRIGGS FARM, INC. WORKS WITH MERCER STREET FRIENDS TO OFFER A TWICE-A-MONTH FOOD PANTRY TO RESIDENTS (FREE OF CHARGE) WHO ARE INCOME QUALIFIED. STAFF AND VOLUNTEERS MAKE SURE THAT FOOD BAGS ARE DISTRIBUTED TO EACH ELIGIBLE HOUSEHOLD. THE FOOD IS PURCHASED THROUGH THE GRIGGS FARM INC. OPERATING BUDGET OR DONATED. EVERY THANKSGIVING FOOD PANTRY HOUSEHOLDS ALSO RECEIVE A TURKEY AND TRIMMING AT NO COST. GRIGGS FARM INC. ALSO PROVIDES RESIDENTS WITH CHILDREN UNDER THE AGE OF 18 WITH A STIPEND TO SUBSIDIZE SUMMER ACTIVITIES ADMINISTERED THROUGH VARIOUS LOCAL ENRICHMENT PROGRAMS, INCLUDING THE MUNICIPAL RECREATION DEPARTMENT. A REPRESENTATIVE FROM THE PCH BOARD OF TRUSTEES AND INTERNAL GRIGGS FARM COMMITTEE WORKS CLOSELY WITH THE GRIGGS FARM CONDO ASSOCIATION AND ITS BOARD TO ENSURE CONSTANT COMMUNICATION. THERE IS ALSO A COMMUNITY CLUBHOUSE ON SITE FOR RESIDENT USE.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “Provide quality one, two and three bedroom homes in a diverse community for families and households of low income offer social and supportive opportunities and ensure access to the princeton community.”.
When explaining its purpose, the activities were described as: “Provide quality homes in a diverse community for households whose total gross incomes fall between 30 and 60 percent of the area median and within guidelines set by the department of housing and urban development for low income households rent for all units is set at 30% of gross income.”.
- The non-profit is legally allowed to operate in the state of NJ, as reported.
- The filing provides the non-profit's address in 2020 as ONE MONUMENT DRIVE, PRINCETON, NJ, 08540.
- The non-profit has a total of 0 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is -$73,768.
- The organization has 21 independent voting members.
- The organization was formed in 2007.
- The organization pays $112,567 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.