MARGATE TERRACE CORPORATION

MARGATE CITY, NJ | Atlantic County
Affordable Housing

Overview

MARGATE TERRACE CORPORATION
22-2706023
610 N FREDERICKSBURG AVE
MARGATE CITY, NJ 08402
Atlantic County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • This nonprofit has not received any CRA awards or certifications.
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
-

Not reported

IRS Activity Codes info
382
Housing for the aged
381
Low and moderate income housing
-
Not reported
Standard Business Classification (NAICS Code) info
-
Not reported

CRA Alignment

CRA Category info
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.4M
Revenue
-
Assets
$4.1M
Exempt Ruling Date info
1987-08
Deductibility Status info
Deductible
Last Tax Filing info
2020
Organization Type info
Corporation
Organization Tax Filing Status info
990 - Not required to file (all other)
Foundation Tax Filing Status info
990-PF required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Private non-operating foundation

Nonprofit Location

Physical Address info
610 N FREDERICKSBURG AVE
MARGATE CITY, NJ 08402
Atlantic County
FIPS Geocoded Address info
12100
MSA/CBSA info
34
State info
001
County info
0130.00
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Atlantic City-Hammonton, NJ
Combined Statistical Area info
Philadelphia-Reading-Camden, PA-NJ-DE-MD
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 5.69%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0130.00 Atlantic County
Population
Total Population 3,389 266,105
Total Households 1,614 99,850
Income
Median Family Income (Census*) $100,500 $62,110
Median Family Income (2019 FFIEC) $76,900 N/A
Tract Income Percentage 151.07% N/A
Below Poverty Level 8.9% 13.3%
Unemployment Level 8.4% 8.4%
Housing
Total Housing Units 3,172 128,251
Total Owner-Occupied Units 41.5% 67.1%
Total Renter-Occupied Units 9.4% 32.9%
Total Vacant Units 49.1% 10.1%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

Not reported
Total Voting Members
in Governing Body
info
Not reported
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Daniel Campbell
President
(609) 892-6584
Principal Officer info
Not reported by nonprofit.
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.