Corinthian Housing Development Corporation in Newark, New Jersey (NJ)

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Corinthian Housing Development Corporation
Employer Identification Number (EIN)521742017
Name of OrganizationCorinthian Housing Development Corporation
In Care of NameBarbara Moultrie
Address595 S 10th St, Newark, NJ 07103-1804
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date08/1991
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,140,286
Amount of Income$301,414
Form 990 Revenue Amount$301,414
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Urban, Community Economic Development


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Amount of income in 2011: $301,414 (it was $588,701 in 2010)
This organization: 

 $301,414
Other organizations performing similar types of work: 

 $191,545

Assets in 2011: $2,140,286 (it was $2,331,020 in 2010)
Corinthian Housing Development Corporation: 

 $2,140,286
Other organizations performing similar types of work: 

 $350,827

Financial snapshot ($)

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$301,414
Contributions, Gifts, Grants and Other Similar Amounts$301,414
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$336,574
Compensation of current officers, directors, trustees, and key employees$41,452
Other salaries and wages$65,584
Payroll taxes$7,031
Professional fundraising services$0
Other$222,507
Balance Sheet (for 2011)
Total assets$2,140,286
Total liabilities$1,640,906
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$1,541,563
Unsecured notes and loans payable to unrelated third parties$0
Other$99,343
Total net assets or fund balances$499,380
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$1,913,161
Gifts, grants, contributions, and membership fees received$1,892,604
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$20,557
Gross receipts from related activities, etc.$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1West Virginia High Technology Consortium Foundation1000 Technology Dr Ste 1000, Fairmont, WV 26554-8827WV1994-12$8,870,246
2Plymouth Industrial Development CorporationPO BOX 3165, Plymouth, MA 02361-3165MA1973-05$3,251,299
3Riley Area Development Corporation430 Massachusetts Ave Suite Ll1, Indianapolis, IN 46204-1528IN1979-08$3,015,427
4Poplar Bluff Industries Inc1111 W Pine St, Poplar Bluff, MO 63901-4841MO1965-07$2,084,383
5Historic Third Ward Association Inc219 North Milwaukee Street, Milwaukee, WI 53202-5818WI1986-04$1,811,020
6Polk Community Development CorporationPO BOX 33, Dallas, OR 97338-0033OR1995-02$1,697,980
7Citizens Economic Development IncPO BOX 66, Wentworth, NC 27375-0066NC1987-11$600,745
8Baltimore Avenue Redevelopment Corporation5001 Baltimore Ave, Philadelphia, PA 19143-1626PA1996-03$233,115
9Great Falls City Center Association Inc13 5th St N, Great Falls, MT 59401-3107MT1970-04$176,973
10Bean Capital Development Co IncPO BOX 456, Wayne City, IL 62895-0456IL1983-06$1,127
11New Newark Foundation Inc744 Broad Street Suite 1705, Newark, NJ 07102NJ1997-06$549
12Greater Jamaica Development Corp90-04 161th Street Suite 704, Jamaica, NY 11432-6141NY1994-10$19,774,999
13Essex County Economic Development Corp465 Dr Mlk Blvd Room 449, Newark, NJ 07102NJ1984-05$1,605,649
14Millville Development CorporationPO BOX 609, Millville, NJ 08332-0609NJ1995-09$407,390
15Corinthian Housing Development Corporation595 S 10th St, Newark, NJ 07103-1804NJ1991-08$301,414
16Inlet Public-Private Association Inc31 S Rhode Island Ave, Atlantic City, NJ 08401-7760NJ1990-01$277,882
17Bunker Hill Industrial Park Special Improvement District Mgt CorpPO BOX 274, Paterson, NJ 07544-0274NJ1996-11$172,476
18Greater Paterson Chamber Foundation Inc100 Hamilton Plaza, Paterson, NJ 07505-2109NJ1987-08$31,151
19Resurgens Foundation Inc304 Brookmere Ct, Ridgewood, NJ 07450-2604NJ1998-02$10,001
20Dover Vision IncPO BOX 1710, Dover, NJ 07802-1710NJ1995-06$10
Number of organizations performing similar types of work
Alaska1
Alabama5
Arkansas6
Arizona6
California34
Colorado8
Connecticut10
District of Columbia7
Florida21
Georgia12
Hawaii1
Iowa19
Idaho3
Illinois31
Indiana21
Kansas1
Kentucky5
Louisiana10
Massachusetts17
Maryland11
Maine2
Michigan17
Minnesota11
Missouri17
Mississippi6
Montana4
North Carolina25
North Dakota3
Nebraska2
New Hampshire2
New Jersey18
New Mexico2
Nevada3
New York60
Ohio18
Oklahoma5
Oregon4
Pennsylvania32
South Carolina7
South Dakota3
Tennessee11
Texas21
Utah1
Virginia10
Vermont1
Washington6
Wisconsin14
West Virginia3
Wyoming2
International1
Total540

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