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Plainsboro Non Profit Housing Corporation

Plainsboro Non Profit Housing Corporation

Princeton, NJ 085405758
Tax ID22-2933525

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About this organization

Revenue

$1,591,339

Expenses

$1,694,835

Mission

The organization's purpose is to provide low and moderate income housing in Plainsboro township.

About

See schedule other Plainsboro non-profit housing corporation built a 126 unit rental complex which 100% of the complex is provided for low and moderate income residents in Plainsboro township. In addition, the corporation monitors affordable housing and consults for the township of Plainsboro on issues related to affordable housing in Plainsboro, NJ. In 2012 the township of Plainsboro transferred funds to Plainsboro nonprofit housing corporation for the administration of grants. These grants are for the installation of high energy efficient HVAC systems and hot water tanks in affordable homes; down payment assistance grants to purchase affordable homes; the use of funds to maintain affordability restrictions if an affordable home is being foreclosed upon; and funding to purchase market homes, refurbish and resell them as affordable homes with restrictions.

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “The organization's purpose is to provide low and moderate income housing in plainsboro township.”.

When discussing its purpose, they were characterized as: “The organization's purpose is to provide low and moderate income housing in plainsboro township.”.

  • The state in which the non-profit is legally authorized to operate is NJ, as reported.
  • The filing confirms that the non-profit's address in 2020 was 216 ROCKINGHAM ROW, PRINCETON, NJ, 08540.
  • The form of the non-profit reports 0 employees as of 2020.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$103,496.
  • The organization has 5 independent voting members.
  • The organization was formed in 1987.
  • The organization pays $239,347 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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