Overview
What is Community Asset Preservation Corporation?
Community Asset Preservation Corporation is a nonprofit organization situated in New Brunswick, New Jersey. Their mission is to revitalize neighborhoods and safeguard communities by collaborating with municipalities, lenders, and community groups. They aim to transform foreclosed properties, vacant buildings, and abandoned homes into affordable housing. Additionally, they work with lenders to acquire distressed mortgage notes and REOs, preventing properties from becoming community nuisances. By partnering with various community groups, socially-minded for-profit organizations, and community development corporations, they strive to rehabilitate homes and increase the availability of affordable housing.
Official website here: www.newjerseycommunitycapital.org
Is Community Asset Preservation Corporation legitimate?
Community Asset Preservation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Asset Preservation Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,402,249
For more financial information, click here
Official website here: www.newjerseycommunitycapital.org
What is the mission statement of Community Asset Preservation Corporation?
The Community Asset Preservation Corporation's mission is centered around stabilizing neighborhoods and protecting households at risk of mortgage foreclosures. They aim to transform vacant foreclosed properties into productive use, ensuring an equitable and efficient process. Furthermore, their goal is to increase the availability of affordable housing by collaborating with municipalities, lenders, and community groups. The corporation works with various organizations to revitalize specific areas and rehabilitate homes, ultimately improving the overall community.
Official website here: www.newjerseycommunitycapital.org
Who is the CEO of Community Asset Preservation Corporation?
Bernel Hall is the President & Ceo (Beg. 10/21) of Community Asset Preservation Corporation. The CEO's salary of Community Asset Preservation Corporation is $0 and their total compensation is $57,175.
Official website here: www.newjerseycommunitycapital.org
What is the revenue of Community Asset Preservation Corporation?
Community Asset Preservation Corporation's revenue in 2022 was $5,569,179.
Official website here: www.newjerseycommunitycapital.org
Who are the executives of Community Asset Preservation Corporation and what are their salaries?
- Wayne Meyer (Former President)
- Jacqueline Robinson (Cfo And Interim Pres. (7/21-10/21))
- Marie Mascherin (Chief Operating Officer)
- Jeffrey Crum (Chief Invest. Officer (Until 11/21))
- Mark Munley (Director Spec Proj. & Gov. Rs)
- Peter Grof (Deputy To The President)
- Ryan Johnson (Managing Director, Real Estate)
- Steven Kaczynski (Controller)
- Christopher Giametta (Director Of Construction Svcs)
- Michael Deblasio (Director Of Property Acquisitions)
- Danielle Rosen (Director Of Operations, Capc)
- Bernel Hall (President & Ceo (Beg. 10/21)) [Trustee/Director]
- Alle Ries (Board Chair) [Trustee/Director]
- Michelle E Richardson (Board Vice Chair) [Trustee/Director]
- Maria Vizcarrondo (Board Secretary) [Trustee/Director]
- Gregg B Gunselman (Board Treasurer) [Trustee/Director]
- Pilar Hogan Closkey (Board Director)
- Tanya Freeman (Board Director (Until 11/21))
- Bryan Long (Board Director)
- Lillian A Plata (Board Director (Until 1/22))
- Ladell Robbins (Board Director (As Of 1/22))
- Evan Weiss (Board Director (As Of 7/22))
Official website here: www.newjerseycommunitycapital.org
Where can I find the form 990 for Community Asset Preservation Corporation?
The Community Asset Preservation Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.newjerseycommunitycapital.org
Learn more at the official website: www.newjerseycommunitycapital.org
Mission Statement of Community Asset Preservation Corporation
The Community Asset Preservation Corporation, in its mission, aims to stabilize neighborhoods and safeguard households vulnerable to mortgage foreclosures. The organization's primary objective is to transform vacant foreclosed properties, abandoned buildings, and derelict homes into affordable housing. By working closely with municipalities, lenders, and community groups, the corporation seeks to prevent or at least minimize properties from becoming nuisances in communities.
In addition to this, the Community Asset Preservation Corporation collaborates with lenders to acquire distressed mortgage notes and REOs, thus preventing or limiting properties from becoming burdens in communities. The corporation also works with numerous community groups, socially-minded for-profit organizations, and community development corporations to revitalize specific areas and rehabilitate homes. By doing so, the Community Asset Preservation Corporation contributes to the enhancement of neighborhoods and the provision of affordable housing for the community.
Impact
This information is meant to be a general summary of Community Asset Preservation Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Community Asset Preservation Corporation plays a vital role in stabilizing neighborhoods and protecting households at risk of foreclosure. By working with municipalities, lenders, and community groups, they rehabilitate vacant foreclosed properties and turn them into affordable housing options. Their efforts not only prevent properties from becoming nuisances in communities but also contribute to revitalizing specific areas and providing more housing opportunities for those in need. This impactful work helps strengthen communities and improve the overall quality of life for residents.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$998,418
REAL ESTATE DEV. FEES
Revenue
$228,588
Organization Details
Founding Year
2009
Phone
(732) 640-2061
Principal Officer
Bernel Hall
Main Address
100 ALBANY STREET SUITE 250, NEW BRUNSWICK, NJ, 08901
NTEE Category
Code: L20 - Housing
If you are a representative of Community Asset Preservation Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.