Nonprofit · EIN 20-8198080
GRIGGS FARM INC
Tax-exempt · PRINCETON, NJ 08540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $744,446 | $637,045 | $107,401 | $1,039,609 | $155,264 | $884,345 |
| December 31, 2023 | 990 | $637,880 | $657,353 | -$19,473 | $1,005,671 | $228,727 | $776,944 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $110,028
- Program service revenue
- $634,400
- Investment income
- $18
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,863
- Accounting fees
- $12,089
- Occupancy
- $79,348
- Depreciation
- $26,140
- Program services (functional)
- $545,747
- Management and general (functional)
- $91,298
Balance sheet and other
- Total assets, start of year
- $1,005,671
- Total assets, end of year
- $1,039,609
- Total liabilities, end of year
- $155,264
- Net assets, end of year
- $884,345
- Land, buildings and equipment
- $821,791
- Net assets without donor restrictions
- $884,345
- Gross receipts
- $744,446
- Employees
- 0
- Volunteers
- 16
- Year formed
- 2007
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD TRUSCELLI | EXECUTIVE DIRECTOR Officer | 1 | $0 | $176,328 | $40,905 |
| JANET MCCLAFFERTY | OUTGOING FINANCE DIRECTOR Officer | 1 | $0 | $110,929 | $17,103 |
| ALICIA DEFREITAS | FINANCE DIRECTOR Officer | 1 | $0 | $93,448 | $13,860 |
| ABREAH SANTIAGO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K SMALL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C VANLEER DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAD KLAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIELA BONAFEDE-CHHABRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES DEMETRIADES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN W GILMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN K FAREWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGARET GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE SHELTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GITTLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBERT FERNHOLZ | SECRETARY Trustee or director, Officer | 1 | $0 |
| SONIA CHADHA | BOARD MEMBER Trustee or director | 1 | $0 |
| TONY CAPOZZOLI | TREASURER Trustee or director, Officer | 1 | $0 |
| VALERIE HAYNES | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD TRUSCELLI | EXECUTIVE DIRECTOR Officer | 1 | $0 | $169,437 | $37,693 |
| JANET MCCLAFFERTY | FINANCE DIRECTOR Officer | 1 | $0 | $134,458 | $17,414 |
| ABREAH SANTIAGO | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ALICE K SMALL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| C VANLEER DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| CHAD KLAUS | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DANIELA BONAFEDE-CHHABRA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ELIZABETH HOCK | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMES DEMETRIADES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JOHN W GILMORE | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| KATHLEEN K FAREWELL | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARGARET GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| NICOLE SHELTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD GITTLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT FERNHOLZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SONIA CHADHA | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| TONY CAPOZZOLI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| VALERIE HAYNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 MONUMENT DR, PRINCETON, NJ 08540-3036
- In care of
- % SANDRA PERSICHETTI ROTHE
- Principal officer (990 for 2024)
- EDWARD TRUSCELLI, ONE MONUMENT DRIVE, PRINCETON, NJ 08540
- Signed the 990
- EDWARD TRUSCELLI, EXECUTIVE DIRECTOR
- Phone
- (609) 924-3822
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
PROVIDE QUALITY ONE, TWO AND THREE BEDROOM HOMES IN A DIVERSE COMMUNITY FOR FAMILIES AND HOUSEHOLDS OF LOW INCOME OFFER SOCIAL AND SUPPORTIVE OPPORTUNITIES AND ENSURE ACCESS TO THE PRINCETON COMMUNITY.
Program accomplishments
- GRIGGS FARM, INC OWNS 70 AFFORDABLE LOW INCOME UNITS. THE GRIGGS FARM COMMUNITY ALSO INCLUDES 70 AFFORDABLE OWNERSHIP UNITS MANAGED BY THE MUNICIPALITY OF PRINCETON, AND 140 MARKET RATE PRIVATE OWNERSHIP UNITS. GRIGGS FARM WAS DEVELOPED THROUGH THE FEDERAL LOW INCOME HOUSING TAX CREDIT PROGRAM, ALL TAX CREDITS WERE REDEEMED IN 2005 THERE ARE NO CURRENT GOVERNMENT SUBSIDIES AND GRIGGS FARM INC'S OPERATIONS ARE FINANCED SOLELY FROM THE RENTAL INCOME DERIVED FROM ITS 70 UNITS. THROUGH CAREFUL MANAGEMENT, WE ARE ABLE TO HOLD RENTS TO 30% OF EACH HOUSEHOLD'S GROSS INCOME. PCH DEVELOPMENT CORP A RELATED NONPROFIT ORGANIZATION, MANAGES THE UNITS AND OPERATIONS GRIGGS FARM IS SERVED DAILY VIA PUBLIC BUS TRANSPORTATION, ENABLING RESIDENTS TO TRAVEL TO NEARBY JOBS AND SHOPPING, DOWNTOWN PRINCETON AND AREA MALLS. GRIGGS FARM, INC WORKS WITH MERCER STREET FRIENDS TO OFFER A TWICE-A-MONTH FOOD PANTRY TO RESIDENTS (FREE OF CHARGE) WHO ARE INCOME QUALIFIED STAFF AND VOLUNTEERS, MAKE SURE THAT FOOD BAGS ARE DISTRIBUTED TO EACH ELIGIBLE HOUSEHOLD. THE FOOD IS PURCHASED THROUGH THE GRIGGS FARM INC OPERATING BUDGET OR DONATED EVERY THANKSGIVING. FOOD PANTRY HOUSEHOLDS ALSO RECEIVE A TURKEY AND TRIMMING AT NO COST. GRIGGS FARM INC ALSO PROVIDES RESIDENTS WITH CHILDREN UNDER THE AGE OF 18 WITH A STIPEND TO SUBSIDIZE SUMMER ACTIVITIES ADMINISTERED THROUGH VARIOUS LOCAL ENRICHMENT PROGRAMS, INCLUDING THE MUNICIPAL RECREATION DEPARTMENT A REPRESENTATIVE FROM THE PCH BOARD OF TRUSTEES AND INTERNAL. GRIGGS FARM COMMITTEE WORKS CLOSELY WITH THE GRIGGS FARM CONDO ASSOCIATION AND ITS BOARD TO ENSURE CONSTANT COMMUNICATION THERE IS ALSO A COMMUNITY CLUBHOUSE ON SITE FOR RESIDENT USE. ELIGIBLE RESIDENTS MAY PARTICIPATE IN THE FOOD PANTRY AND SUMMER RECREATION STIPEND PROGRAMS.Expenses $545,747 · revenue $634,400
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-8198080
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $1,039,609
- Income (IRS master file)
- $744,446
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $744,446 | $637,045 | $1,039,609 | XML |
| 990 | December 2023 | $637,880 | $657,353 | $1,005,671 | XML |
| 990 | December 2022 | $640,280 | $688,839 | $973,076 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-8198080).
Questions about GRIGGS FARM INC
- What is the EIN of GRIGGS FARM INC?
- The employer identification number (EIN) of GRIGGS FARM INC is 20-8198080.
- Is GRIGGS FARM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to GRIGGS FARM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GRIGGS FARM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GRIGGS FARM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRIGGS FARM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GRIGGS FARM INC?
- The 990 for the year ended December 31, 2024 names EDWARD TRUSCELLI.
- Who are the officers and directors of GRIGGS FARM INC?
- The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
- How much revenue does GRIGGS FARM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $744,446, expenses of $637,045 and total assets of $1,039,609 at year end.
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