ST JAMES AME DEVELOPMENT CORPORATION

NEWARK, NJ | Essex County
Affordable Housing
ST JAMES AME DEVELOPMENT CORPORATION
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As of 01/24/22, this nonprofit no longer meets findCRA's qualification requirements and will no longer appear in CQ search results.

Reason for disqualification: This nonprofit no longer appears in the IRS Business Master File of exempt organizations and may have ceased operations, merged with another organization or had its IRS exemption revoked.

Overview

ST JAMES AME DEVELOPMENT CORPORATION
23-7209385
440 WASHINGTON ST
NEWARK, NJ 07102
Essex County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Affordable Housing
Nonprofit location info
  • LMI Census Tract
  • Majority Minority Census Tract
  • Opportunity Zone
Awards & Certifications info
  • CDFI Award Recipient
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
399
Other housing activities
-
Not reported
-
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
YearAmountProgramAwardee Name

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$16.2M
Revenue
$13.8M
Assets
$5.2M

IRS Business Master File Details info

As of March 2024
Exempt Ruling Date info
1973-01
Deductibility Status info
Deductible
Last Tax Filing info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization normally receives no more than one-third of support from gross investment and unrelated business income and at same time more than one-third of its support from contributions, fees and gross receipts related to exempt purposes 509(a)(2)

IRS Publication 78 Details info

As of March 2024
Verified in Publication 78 info
No
Deductibility Limitation info
Not reported
Organization Description info
Not reported

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2017-12
PDF
990
Tax period ending in
2016-12
PDF
990
Tax period ending in
2015-12
PDF
990
Tax period ending in
2014-12
PDF
990

Nonprofit Location

Physical Address info
440 WASHINGTON ST
NEWARK, NJ 07102
Essex County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
35084
MSA/MD info
34
State info
013
County info
0081.00
Tract info
Low
Income Level info
Core-Based Statistical Area info
35620 - New York-Newark-Jersey City, NY-NJ-PA
Combined Statistical Area info
408 - New York-Newark, NY-NJ-CT-PA
Metropolitan Division info
35084 - Newark, NJ-PA
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 94.43%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0081.00 Essex County
Population
Total Population 4,539 853,374
Total Households 2,321 312,942
Income
Median Family Income (Census*) $51,346 $73,785
Median Family Income (2023 FFIEC est.) $126,100 $126,100
Tract Income Percentage 47.83% N/A
Below Poverty Level 26.4% 15.0%
Unemployment Level 4.8% 8.5%
Housing
Total Housing Units 2,396 334,136
Total Owner-Occupied Units 4.1% 44.7%
Total Renter-Occupied Units 92.7% 55.3%
Total Vacant Units 3.1% 4.2%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2022 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
Not reported by nonprofit.
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 Whistleblower 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
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is not available as the nonprofit did not e-file their tax return. As such, the hyphens (“-“) in this section indicate that the information was not available.

PDFs of this nonprofit's tax filings are included in the IRS Summary section above, when available from the IRS.

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 help.findcra.com.