Lafayette Yard Community Development Corporation in Trenton, New Jersey (NJ)

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Lafayette Yard Community Development Corporation
Employer Identification Number (EIN)223618383
Name of OrganizationLafayette Yard Community Development Corporation
In Care of NameDept Of Housing & Development
Address319 E State St, Trenton, NJ 08608-1809
SubsectionCharitable Organization
Ruling Date02/2000
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 Period12/2008
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$30,341,004
Amount of Income$4,052,231
Form 990 Revenue Amount$4,052,231
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community Coalitions



Amount of income in 2008: $4,052,231
Lafayette Yard Community Development Corporation:  $4,052,231
Other organizations performing similar types of work:  $68,016

Assets in 2008: $30,341,004
Lafayette Yard Community Development Corporation:  $30,341,004
Other organizations performing similar types of work:  $30,501

Expenses in 2006: $15,144,242
Lafayette Yard Community Development Corporation:  $15,144,242
Other organizations performing similar types of work:  $97,897

Income to expenses ratio in 2006: 0.7
Lafayette Yard Community Development Corporation:  0.7
Other organizations performing similar types of work:  0.8

Expenses allocated to program services in 2006: 100.0%
This organization:  100.0%
Other organizations performing similar types of work:  76.4%

Grants share in income in 2006: 0.0%
Lafayette Yard Community Development Corporation:  0.0%
Other organizations performing similar types of work:  1.0%

Financial snapshot ($)

Revenue for 2006

Assets at end of 2006

Functional Expenses for 2006 ($)

Income-Producing Activities for 2006

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20022003200420052006
Total revenue$5,944,852$11,740,375$12,354,908$10,743,210$9,955,088
Contributions, gifts, grants, and similar amounts received$0$0$0$0$0
Contributions to donor advised funds$0
Direct public support$0$0$0$0$0
Indirect public support$0$0$0$0$0
Government contributions (grants)$0$0$0$0$0
Program service revenue including government fees and contracts$5,944,852$11,596,105$11,434,907$10,743,210$9,888,446
Membership dues and assessments$0$0$0$0$0
Interest on savings and temporary cash investments$0$144,270$920,001$0$66,642
Dividends and interest from securities$0$0$0$0$0
Net rental income or (loss)$0$0$0$0$0
Gross rents$0$0$0$0$0
Less: rental expenses$0$0$0$0$0
Other investment income$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0$0$0
Gross amount from sales of assets other than inventory$0$0$0$0$0
Less: cost or other basis and sales expenses$0$0$0$0$0
Net income or (loss) from special events and activities$0$0$0$0$0
Gross revenue$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0
Other revenue$0$0$0$0$0
Total expenses$11,626,442$16,120,041$15,123,145$16,018,203$15,144,242
Program services$11,626,442$16,120,041$15,123,145$16,018,203$15,144,242
Management and general$0$0$0$0$0
Fundraising$0$0$0$0$0
Payments to affiliates$0$0$0$0$0
Net assets or fund balances at end of year$-5,681,590$-9,615,035$-12,383,270$-17,658,263$-22,847,417
Excess or (deficit) for the year$-5,681,590$-4,379,666$-2,768,237$-5,274,993$-5,189,154
Net assets or fund balances at beginning of year$0$-5,681,590$-9,615,033$-12,383,270$-17,658,263
Other changes in net assets or fund balances$0$446,221$0$0$0
Statement of Functional Expenses (for 2006)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$15,144,242$15,144,242$0$0
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$0$0$0$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$0$0$0$0
Telephone$188,599$188,599$0$0
Postage and shipping$0$0$0$0
Occupancy$634,320$634,320$0$0
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$1,912,919$1,912,919$0$0
Depreciation, depletion, etc.$2,567,276$2,567,276$0$0
Other expenses not covered above$9,841,128$9,841,128$0$0
Balance Sheets
20022003200420052006
Total assets$57,221,085$55,728,532$53,115,268$41,069,745$37,519,014
Cash - non-interest-bearing$721,668$123,687$321,517$516,368$342,633
Savings and temporary cash investments$2,731,469$2,552,288$2,568,181$3,369,454$3,932,807
Accounts receivable less allowance for doubtful accounts$624,094$12,659$340,677$662,866$468,818
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0
Grants receivable$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0
Inventories for sale or use$48,764$0$50,999$61,620$52,391
Prepaid expenses and deferred charges$0$0$0$0$0
Investments - publicly-traded securities$0
Investments - other securities$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0
Investments - other$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$52,362,593$52,339,319$49,156,115$35,804,458$32,090,186
Other assets, including program-related investments$732,497$700,579$677,779$654,979$632,179
Total liabilities$62,902,675$65,343,567$65,498,538$58,728,008$60,366,431
Accounts payable and accrued expenses$12,560,936$12,485,331$13,133,719$2,832,303$3,090,200
Grants payable$0$0$0$0$0
Deferred revenue$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0
Tax-exempt bond liabilities$30,616,468$33,770,000$33,770,000$33,260,000$32,725,000
Mortgages and other notes payable$0$1,727,427$0$10,840,000$13,070,157
Other liabilities$19,725,271$17,360,809$18,594,819$11,795,705$11,481,074
Total liabilities and net assets/fund balances$57,221,085$55,728,532$53,115,268$41,069,745$37,519,014
Total net assets or fund balances$-5,681,590$-9,615,035$-12,383,270$-17,658,263$-22,847,417
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20022003200420052006
Total revenue$5,944,852$11,740,375$12,354,908$0$0
Total revenue, gains, and other support per audited financial statements$5,944,852$11,740,375$12,354,908$0$0
Other expenses$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0
Other$0$0$0$0$0
Other revenue$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20022003200420052006
Total expenses$11,626,442$16,120,041$15,123,145$0$0
Total expenses and losses per audited financial statements$11,626,442$16,120,041$15,123,145$0$0
Other revenue$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0
Prior year adjustments$0$0$0$0$0
Losses$0$0$0$0$0
Other$0$0$0$0$0
Other expenses$0$0$0$0$0
Investment expenses$0$0$0$0$0
Other$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings5
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 20060
Analysis of Income-Producing Activities (for 2006)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$66,642$9,888,446
Program service revenue
Program service revenue 1000000$000$0$5,294,146
Program service revenue 2000000$000$0$122,336
Program service revenue 3000000$000$0$1,065,233
Program service revenue 4000000$000$0$2,291,962
Program service revenue 5000000$000$0$1,114,769
000000$000$0$73,396
000000$000$0$346,435
000000$000$0$287,824
000000$000$0$407,114
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$66,642$0
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2006)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2006)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2006)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
20012002200320042005
Total$0$6,054,957$11,740,375$12,354,908$10,743,210
Gifts, grants, and contributions received$0$0$0$0$0
Membership fees received$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$5,944,852$11,596,105$11,434,907$10,743,210
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$110,105$144,270$920,001$0
Net income from unrelated business activities not included above$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0
Other income$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2006)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Brch Foundation Inc745 Meadows Road Finance Dept, Boca Raton, FL 33486FL2004-12$57,473,370
2Lafayette Yard Community Development Corporation319 E State St, Trenton, NJ 08608-1809NJ2000-02$4,052,231
3Douglas County Community Foundation900 Massachusetts Suite 406, Lawrence, KS 66044KS1999-08$2,805,731
4Citizens Association Of Palm Beach Inc139 N County Rd Ste 28, Palm Beach, FL 33480-3950FL2003-05$172,773
5New Hampshire Citizens Alliance For Action4 Park St Ste 403, Concord, NH 03301-6313NH1999-11$51,517
6Westmoreland County Area Labor Management Committee, 4205 Bci4205 Bic 145 Pavilion Lane, Youngwood, PA 15697PA2000-09$45,216
7Retired Public Employees Of San Joawuin CountyPO BOX 8556, Stockton, CA 95208-0556CA2000-01$42,984
8A Smarter Colorado3165 S Waxberry Way, Denver, CO 80231-4526CO2008-09$4,722,757
9Action Greensboro317 S Elm St, Greensboro, NC 27401-2603NC2002-03$4,459,584
10Shackelford County Community Resource CenterPO BOX 876, Albany, TX 76430-8020TX1995-01$3,246,748
11Appalachian Sustainable Development, AsdPO BOX 791, Abingdon, VA 24212-0791VA1996-02$2,346,238
12Childrens Miracle Network - Nj Ny Metro Area Inc792 Chimney Rock Rd # A, Martinsville, NJ 08836-2237NJ1998-04$2,102,729
13Hammond Development Corporation5246 Hohman Ave Ste 101, Hammond, IN 46320-1756IN1998-06$695,097
14Vital Communities Inc104 Railroad Row, White Riv Jct, VT 05001-7042VT1998-07$661,248
15American Dream Coalition26344 Sw Metolius Meadows Dr, Camp Sherman, OR 97730OR2004-01$202,586
16Madison Northside Planning Council IncLocal, Madison, WI 53704WI1994-12$171,292
17Alamo Community FoundationPO BOX 1074, Alamo, CA 94507-7074CA2008-08$171,219
18Alabama Senate Conservative Caucus For Educational & Leadership Found415 E 10th St, Anniston, AL 36207-4715AL2002-06$145,750
19North Dakota Center For The Public Good410 E Thayer Ave Ste 2, Bismarck, ND 58501-4049ND2001-04$116,998
20Allen Ministries Enriching Neighborhoods A M E N Inc163 Bellevue Ave, Providence, RI 02907-2767RI1998-11$66,823
2120th St H O P E House Inc108 E 20th St, Baltimore, MD 21218-6037MD1996-11$63,532
22Bold Of Jacksonville Inc421 Court Street, Jacksonville, NC 28540NC1996-02$63,281
23Family Fun Day CommitteePO BOX 724, Moorestown, NJ 08057-0994NJ2004-12$48,892
24Alliance For Building Community IncC/0 Diana Wahle, E Dummerston, VT 05346VT1998-06$45,790
25Bluewavenj A Nj Nonprofit Corporation139 Union St, Montclair, NJ 07042-2102NJ2009-10$42,309
26Camden Urban Ministry Initiative IncPO BOX 555, Pennsauken, NJ 08110-0555NJ2001-03$38,278
27100 Men Of Blue HillPO BOX 320726, Kansas City, MO 64132-0726MO2003-12$27,000
28Alegria Group Inc1313 E Sligh Ave, Tampa, FL 33604-5665FL2007-01$22,783
29Anchorage Citizens CoalitionPO BOX 244265, Anchorage, AK 99524-4265AK2006-04$10,176
30Appalacian Coalition For Just And Sustainable CommunityPO BOX 611, Boone, NC 28607-0611NC2003-11$2,200
Number of organizations performing similar types of work
Alaska3
Alabama17
Arkansas8
Arizona15
California163
Colorado23
Connecticut13
District of Columbia11
Delaware3
Florida61
Georgia42
Hawaii5
Iowa15
Idaho15
Illinois40
Indiana16
Kansas13
Kentucky16
Louisiana17
Massachusetts24
Maryland24
Maine9
Michigan30
Minnesota13
Missouri29
Mississippi10
Montana9
North Carolina35
North Dakota2
Nebraska9
New Hampshire5
New Jersey33
New Mexico8
Nevada13
New York69
Ohio30
Oklahoma13
Oregon22
Pennsylvania39
Rhode Island9
South Carolina11
South Dakota2
Tennessee20
Texas68
Utah7
Virginia29
Vermont8
Washington36
Wisconsin16
West Virginia10
Wyoming1
International2
Total1,141

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