GRIGGS FARM INC
ONE MONUMENT DRIVE, PRINCETON, NJ 08540 www.princetoncommunityhousing.org

Total Revenue
$568,251
Total Expenses
$576,010
Net Assets
$736,908

Organizations Filed Purposes: 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.

PROVIDE QUALITY HOMES IN A DIVERSE COMMUNITY FOR HOUSEHOLDS WHOSE TOTAL GROSS INCOMES FALL BETWEEN 30 AND 60 PERCENT OF THE AREA MEDIAN AND WITHIN GUIDELINES SET BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT FOR LOW INCOME HOUSEHOLDS RENT FOR ALL UNITS IS SET AT 30% OF GROSS INCOME.

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.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Janet McclaffertyFINANCE DIRECTOR1$0
Edward TruscelliEXECUTIVE DIRECTOR1$0
Yvonne Wilson-RiceOUTGOING BOARD MEMBER1$0
Valerie W HaynesVICE PRESIDENT1$0
Toshi AbeBOARD MEMBER1$0
Tony CapozzoliBOARD MEMBER1$0
Thomas W CharlesOUTGOING BOARD MEMBER1$0
Thomas E WhiteBOARD MEMBER1$0
Scott HarmonBOARD MEMBER1$0
Sara JustBOARD MEMBER1$0
Ruppert A HawesBOARD MEMBER1$0
Linda MeiselBOARD MEMBER1$0
Kyujung WhangSECRETARY1$0
John W GilmoreOUTGOING BOARD MEMBER1$0
Jeannette KlinkBOARD MEMBER1$0
Elizabeth WoodBOARD MEMBER1$0
Elizabeth West WolfeOUTGOING BOARD MEMBER1$0
Elizabeth Bidwell BatesBOARD MEMBER1$0
Edna WigdersonOUTGOING BOARD MEMBER1$0
Deborah BlanksBOARD MEMBER1$0
Cecilia X BirgeOUTGOING BOARD MEMBER1$0
Catherine StroupBOARD MEMBER1$0
C Vanleer DavisPRESIDENT1$0
Benjamin J ColbertOUTGOING BOARD MEMBER1$0
Alice K SmallBOARD MEMBER1$0
Alexander PenaTREASURER1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202012909349301461_public.xml