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Community Asset Preservation Corporation

Community Asset Preservation Corporation

New Brunswick, NJ 08901
Tax ID26-4008074

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About this organization

Revenue

$4,464,576

Expenses

$5,462,329

Website

newjersycommunitycapital.org

Mission

Stabilize neighborhoods, protect household foreclosure risk, return vacant foreclosed property to habitable conditions, and to increase the availability of affordable housing.

About

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.

Interesting data from their 2020 990 filing

The purpose of the non-profit is outlined in the filing as “To stabilize neighborhoods and protect households susceptible to mortgage foreclosures, to return vacant foreclosed property to productive reuse, both efficiently and equitably, and to increase the availability of affordable housing.”.

When discussing its operations, they were defined as: “Stabilize neighborhoods,protect household foreclosure risk, return vacant foreclosed property to habitable conditions, and to increase the availability of affordable housing.”.

  • The state where the non-profit operates has been legally reported as NJ.
  • The filing indicates that the non-profit's address in 2020 is located at 108 CHURCH STREET 3RD FL, NEW BRUNSWICK, NJ, 08901.
  • The non-profit has reported 0 employees on their form as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$87,519.
  • The CEO compensation structure within the organization is not based on a review and approval from an impartial entity.
  • The organization elects its board members.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 9 independent voting members.
  • The organization was formed in 2009.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $2,310,785 in salary, compensation, and benefits to its employees.
  • The organization pays $130,251 in fundraising expenses.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

Additional Non-Profits in the area

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