Vision Of Hope Community Development Corporation in Newark, New Jersey (NJ)

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Vision Of Hope Community Development Corporation
Employer Identification Number (EIN)223811269
Name of OrganizationVision Of Hope Community Development Corporation
In Care of NameFrederick E Davis Jr
Address195 West Market Street, Newark, NJ 07103-2779
SubsectionCharitable Organization
Ruling Date10/2006
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$100,000 to $499,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$326,701
Amount of Income$58,810
Form 990 Revenue Amount$58,810
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Human Service Organizations - Multipurpose

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Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011)
Total revenue$58,810
Contributions, gifts, grants, and similar amounts received$58,810
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$67,960
Total net assets$-161,831
Deficit for the year$-9,150
Net assets or fund balances at beginning of year$-152,681
Other changes in net assets or fund balances$0
Balance Sheets (for 2011)
Total assets$326,701
Total liabilities$488,532
Net assets or fund balances$-161,831
Other Information (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$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$463,678
Gifts, grants, contributions, and membership fees received$411,178
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$52,500
Gross receipts from related activities, etc.$0
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