Program areas at Margate Terrace Development Corporation
During the fiscal year ended 06-30-17, Margate Terrace Development Corporation assisted Margate Terrace Corporation, a New Jersey Nonprofit corporation, in securing a new loan to begin major repairs and improvements to a 75 unit low-income elderly and disabled rental apartment project owned by Margate Terrace Corporation. Repairs and rehabilitation have begun and Margate Terrace Development Corporation, in connection therewith, was paid a fee for such services. In years subsequent, funds have been advanced to Margate Terrace Corporation to provide for repairs, engineering studies, etc.During fiscal year ended 06-30-21, Margate Terrace Development Corporation provided financial support for the benefit of Margate Terrace Corporation in the total amount of $2,134 to assist in providing funding for operations. During fiscal years ended 06-30-22, 06-30-23, & 06-30-24 and currently, funds are available to provide financial support for the benefit of Margate Terrace Corporation.
Financials for Margate Terrace Development Corporation
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $0 | $0 | - |
| Investment income and dividends | $32,913 | $31,755 | 3.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $-14,405 | $-3,269 | -340.7% |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $4,268 | -100% |
| Total revenues | $18,508 | $32,754 | -43.5% |
Organizations like Margate Terrace Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Independent Living Horizons Twelve | 501(c)(3) | Augusta, GA | $72,061 |
| Cuyahoga Housing and Development | 501(c)(3) | Cleveland, OH | $68,394 |
| Odessa Affordable Housing | 501(c)(3) | Odessa, TX | $35,109 |
| Capital City Housing Development Fund Company | 501(c)(3) | Albany, NY | $9,400 |
| Lawrenceburg Housing and Development Corporation | 501(c)(3) | Lawrenceburg, TN | $20,004 |
| Peekskill Senior Citizens HDFC | 501(c)(3) | Elmsford, NY | $20,333 |
| Flagship United Community Development Co Corporation | 501(c)(3) | Bay Saint Louis, MS | $11,250 |
| Ypsilanti-Washtenaw Housing Corporation | 501(c)(3) | Ypsilanti, MI | $36,305 |
| Low Income Housing Opportunities | 501(c)(3) | High Point, NC | $30,351 |
| Davy Crockett Housing Development Corporation | 501(c)(3) | Morristown, TN | $68,925 |
Data update history
January 22, 2025
Posted financials
Added Form 990 for fiscal year 2024
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2023
November 30, 2023
Updated personnel
Identified 1 new personnel
June 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 8, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousing
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
- Address
- 610 N Fredericksburg Ave
- Margate City, NJ 08402
- Metro area
- Atlantic City-Hammonton, NJ
- County
- Atlantic County, NJ
- Phone
- (609) 822-7747
IRS details
- EIN
- 81-5019694
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2016
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- L21: Public Housing Facilities
- NAICS code, primary
- 813990: Sports Regulatory Associations and Property Owner Associations
- Parent/child status
- Central organization
Free account sign-up
Want updates when Margate Terrace Development Corporation has new information, or want to find more organizations like Margate Terrace Development Corporation?
Create free Cause IQ account