NonprofitsForesight Affordable Housing Inc

Unclassified

Foresight Affordable Housing Inc

EGG HBR TWP, NJ

Total revenue

$25.4M

Total expenses

$39.5M

Net assets

$3.0M

Grants received

$8.2M

7 grants

EIN

521979028

Tax year

2024

Mission

Affordable housing provider that provides management services and project oversight in an effort to provide quality affordable housing to lower income individuals and families.

Programs

1 program

The organization is a developer, consultant and asset manager of multi-family affordable housing communities containing hud insured or other types of mortgage financing.

Expenses: $1.5MGrants: $13K

Financials

FY 2024

Revenue

Contributions & grants$278K
Program service revenue$23.6M
Investment income$848K
Other revenue$593K
Total revenue$25.4M

Expenses

Grants paid$13K
Salaries & benefits$4.8M
Fundraising
Other expenses$34.7M
Total expenses$39.5M
Total assets$243.6M
Net assets$3.0M

People

11 listed

NameRoleCompensation

DONALD REAPE

PRESIDENT (THRU 11/30/24)

Board

$105K

20 hrs/wk

DR BRUCE JOHNSON

PRESIDENT (VP & ASSISTANT SECRETARY THRU 12/11/24)

Board

$36K

20 hrs/wk

E JAMES HENDERSON

VP & ASSISTANT SECRETARY (SECRETARY & TREASURER THRU 12/11/24)

Board

$20K

10 hrs/wk

LYNDA BARNESS

TRUSTEE

Board

$4K

1 hrs/wk

GERALD F SCHWAM

TRUSTEE

Board

$4K

1 hrs/wk

MICHAEL BYRNES

SECRETARY/TREASURER (AS OF 12/11/24)

Board

$4K

5 hrs/wk

NEISA CARABALLO

TRUSTEE

Board

$4K

1 hrs/wk

JANVIER L OSBORNE

TRUSTEE

Board

$4K

1 hrs/wk

NELSON L MORGAN III

EXECUTIVE VICE PRESIDENT

Staff

$288K

40 hrs/wk

MARTIN WHALEN

VICE PRESIDENT OF DEVELOPMENT

Staff

$189K

40 hrs/wk

SHONTE' ESPINAL

VP OF ASSET OPERATIONS

Staff

$173K

40 hrs/wk

Grants received

Showing 7 of 7

FromAmountPurposeYear
$150K
PENNSVILLE TOWER - AIR QUALITY
2022

Funded by

$8.2M from 3 funders · 7 grants · 2020–2024

Foresight Affordable Housing-Pennsv

$4.9M · 1 grant · 2022

Foresight Affordable Housing Of Pennsylvania Inc

$3.2M · 5 grants · 2020–2024

Td Charitable Foundation

$150K · 1 grant · 2022

Details

EIN521979028
NTEE codeZ99
Subsection03
Ruling date1996-10
Formed1996
Employees11
Volunteers4
FORESIGHT AFFORDABLE HOUSING INC — Mission, Financials & Grants Received | Grantivo