EIN 26-4008074

Community Asset Preservation Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2009
Most recent tax filings
2022-09-01
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
$5,569,179
2022
Total expenses
$5,097,688
2022
Total assets
$74,988,082
2022
Num. employees
0
2022

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
New Brunswick TomorrowDown Payment Assistance$25,000

Who funds Community Asset Preservation Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Community Loan Fund of New JerseyRehabilitation of Homes$2,132,307
New Brunswick TomorrowNeighborhood Project$165,000
South Ward Children's Alliance (SWA)To Support Students in Their Academic Success and Close the Achievement Gap$45,000
...and 2 more grants received

Personnel at Community Asset Preservation Corporation

NameTitleCompensation
Marie MascherinCheif Lending Officer / Chief Operating Officer$0
Jacqueline RobinsonInterim President , and Chief Financial Officer / Interim President and Chief Financial Officer$0
Jeffrey CrumDirector of Real Estate / Chief Investment Officer$0
Jorge CruzChief External Affairs Officer$0
Peter GrofDeputy To the President$0
...and 9 more key personnel

Financials for Community Asset Preservation Corporation

RevenuesFYE 09/2022
Total grants, contributions, etc.$2,802,891
Program services$1,227,006
Investment income and dividends$15,430
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$-734,436
Net gain from sale of non-inventory assets$2,258,288
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,569,179

Form 990s for Community Asset Preservation Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-14990View PDF
2021-092022-08-11990View PDF
2020-092021-08-12990View PDF
2019-092020-10-13990View PDF
2018-092020-01-10990View PDF
...and 4 more Form 990s

Organizations like Community Asset Preservation Corporation

OrganizationLocationRevenue
Hfho Real Estate HoldingsOmaha, NE$2,447,749
Advantix Development CorporationEvansville, IN$5,632,837
Depaul PropertiesRochester, NY$8,018,697
Tenants Development Corporation (TDC)Boston, MA$1,561,695
G D L Farms CorporationWarrington, PA$9,746,862
Alliance Asset ManagementConcord, NH$1,644,393
Southwest Housing SolutionsDetroit, MI$4,551,529
Housing Visions UnlimitedSyracuse, NY$2,728,836
Neighborhood Development ServicesRavenna, OH$8,930,715
One Neighborhood BuildersProvidence, RI$6,728,120
Data update history
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 28, 2023
Used new vendors
Identified 2 new vendors, including , and
September 24, 2023
Received grants
Identified 4 new grant, including a grant for $2,132,307 from Community Loan Fund of New Jersey
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 9, 2023
Received grants
Identified 1 new grant, including a grant for $176,079 from Community Loan Fund of New Jersey
Nonprofit Types
Real estate organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
Management and technical assistanceTax deductible donationsNo full-time employees
General information
Address
100 Albany St Suite 250
New Brunswick, NJ 08901
Metro area
New York-Newark-Jersey City, NY-NJ-PA
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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