Nonprofit · EIN 81-5283538
BUILDING COMMUNITIES INC
Tax-exempt (reinstated) · METUCHEN, NJ 08840
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| October 31, 2025 | 990 | $804,339 | $760,829 | $43,510 | $345,531 | $574,736 | -$229,205 |
| October 31, 2024 | 990 | $844,534 | $908,154 | -$63,620 | $386,892 | $659,607 | -$272,715 |
| October 31, 2023 | 990 | $896,253 | $873,110 | $23,143 | $422,196 | $631,291 | -$209,095 |
Financial details: 990 for the year ended October 31, 2025
Revenue
- Contributions, gifts and grants
- $75,142
- Program service revenue
- $726,651
- Investment income
- $65
- Net income from fundraising events
- $2,481
- Other revenue
- $2,481
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $100,000
- Other salaries and wages
- $290,034
- Salaries, compensation and benefits (total)
- $447,240
- Professional fundraising fees
- $0
- Accounting fees
- $30,043
- Occupancy
- $53,836
- Depreciation
- $27,610
- Program services (functional)
- $609,849
- Management and general (functional)
- $150,980
Balance sheet and other
- Total assets, start of year
- $386,892
- Total assets, end of year
- $345,531
- Total liabilities, end of year
- $574,736
- Net assets, end of year
- -$229,205
- Land, buildings and equipment
- $279,401
- Net assets without donor restrictions
- -$229,205
- Gross receipts
- $806,439
- Employees
- 17
- Volunteers
- 10
- Year formed
- 2017
- 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 October 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gina Principato | Executive Director Officer, Key employee, Highest-paid employee | 40 | $100,000 | $12,400 |
| Eric Felczak | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Arlene Faustini | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Keith Timko | Vice Chair Trustee or director, Officer | 1 | $0 | $0 |
| Mary Davis | Trustee Trustee or director | 1 | $0 | $0 |
| Christina Oztan | Chair Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended October 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gina Principato | Executive Director Officer | 40 | $105,039 | $9,048 |
| Eric Felczak | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Arlene Faustini | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Keith Timko | Trustee Trustee or director | 1 | $0 | $0 |
| Elizabeth Gleoggler | Trustee Trustee or director | 1 | $0 | $0 |
| Christina Oztan | Chair Officer | 1 | $0 | $0 |
990 for the year ended October 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gina Principato | Executive Director Officer | 40 | $79,394 | $0 | $10,540 |
| Brian M Keenan | President Officer | 8 | $0 | $25,502 | $0 |
| Eric Felczak | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Arlene Faustini | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Christina Oztan | Treasurer Officer | 1 | $0 | $0 | $0 |
| Steve Ramiza | Chair Officer | 1 | $0 | $0 | $0 |
| Keith Timko | Secretary Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5 LEE CT, METUCHEN, NJ 08840-1609
- Principal officer (990 for 2024)
- Gina Principato, 415 5th Avenue, River Edge, NJ 07611
- Signed the 990
- Brian Keenan, Executive Director
- Phone
- (201) 225-0707
- Website
- stpetersresidence.org
Mission
Develop and manage vacant and underutilized properties for social good by providing for underserved individuals and communities.
Program accomplishments
- The Residence at St. Peter's is a supportive senior community dedicated to providing compassionate care, safe environment, quality services, and enrichment programs to enhance the lives of seniors.Expenses $609,849 · revenue $804,339
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 October, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | October 31, 2026 | March 15, 2027 | Not due yet |
| 2024 | October 31, 2025 | March 16, 2026 | 990 on file |
| 2023 | October 31, 2024 | March 17, 2025 | 990 on file |
IRS record
- EIN
- 81-5283538
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- October
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $345,531
- Income (IRS master file)
- $806,439
Revocation and reinstatement
- Exemption revoked
- March 15, 2022
- Posted by the IRS
- June 13, 2022
- Reinstated
- Effective March 15, 2022
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | October 2025 | $804,339 | $760,829 | $345,531 | XML |
| 990 | October 2024 | $844,534 | $908,154 | $386,892 | XML |
| 990 | October 2023 | $896,253 | $873,110 | $422,196 | XML |
| 990 | October 2022 | $698,024 | $675,049 | $426,834 | 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 81-5283538).
Questions about BUILDING COMMUNITIES INC
- What is the EIN of BUILDING COMMUNITIES INC?
- The employer identification number (EIN) of BUILDING COMMUNITIES INC is 81-5283538.
- Is BUILDING COMMUNITIES INC tax-exempt?
- Yes. The IRS revoked its exemption on March 15, 2022 and reinstated it effective March 15, 2022.
- Are donations to BUILDING COMMUNITIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BUILDING COMMUNITIES 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 BUILDING COMMUNITIES INC due?
- The return for tax year 2025 (the year ending October 31, 2026) is due March 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BUILDING COMMUNITIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended October 2025.
- Who is the principal officer of BUILDING COMMUNITIES INC?
- The 990 for the year ended October 31, 2025 names Gina Principato.
- Who are the officers and directors of BUILDING COMMUNITIES INC?
- The 990 for the year ended October 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $100,000 (Gina Principato, Executive Director).
- How much revenue does BUILDING COMMUNITIES INC have?
- On its 990 for the year ended October 31, 2025 it reported revenue of $804,339, expenses of $760,829 and total assets of $345,531 at year end.
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- YMCA OF METUCHEN NJ EIN 22-1487616 · last filed 990 for 2025
- THE CITIZENS CAMPAIGN INC EIN 22-3511801 · last filed 990 for 2024
- METUCHEN DOWNTOWN ALLIANCE A NJ NONPROFIT CORPORATION EIN 81-1396225 · last filed 990 for 2024
- CENTRAL JERSEY CREMATORY ASSOCIATESA NEW JERSEY NONPROFIT CORPORATION EIN 20-3925539 · last filed 990 for 2025
- WESTERHOFF SCHOOL OF MUSIC & ART INC EIN 22-3608221 · last filed 990 for 2024
- LIFE CHOICES RESOURCE CENTER INC EIN 22-2672203 · last filed 990 for 2024
- CHILDERS-LACKLAND FAM FOUNDATION TR EIN 38-7127439 · last filed 990-PF for 2024
All nonprofits in METUCHEN · New Jersey · Housing and shelter