Overview
What is Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces?
Kearny Senior Residence Inc, a subsidiary of Catholic Charities of the Archdiocese, is located at 590 North 7th Street, Newark, New Jersey. This nonprofit organization is dedicated to providing affordable housing for the elderly, with a total of 50 units available. Their primary mission is to cater to low-income elderly tenants, ensuring they have a suitable living space. With a small team of three employees, they strive to contribute positively to the community by offering housing solutions for the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 4 Stars (94%)
Kearny Senior Residence Inc, operating under Catholic Charities of the Archdiocese, has earned a commendable four-star rating from Charity Navigator, reflecting a strong performance in accountability and finance. With an overall score of 94%, the organization demonstrates a solid commitment to financial health, with an impressive program expense ratio of 83.82%. This indicates that a significant portion of its funds is directed towards its mission rather than administrative costs.
The organization showcases outstanding governance practices, including a fully independent board and robust conflict of interest, whistleblower, and document retention policies, all of which contribute to its high accountability score. Additionally, it has a favorable liabilities to assets ratio, indicating sound financial management and sustainability.
While the score highlights the charity's strengths, it is essential for potential supporters to review its programs and outcomes to ensure they align with their philanthropic goals. Overall, Kearny Senior Residence Inc shows strong fiscal health and governance, making it a reputable choice for donors looking to support senior care initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces legitimate?
Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $102,215
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What is the mission statement of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces?
Kearny Senior Residence Inc., under the umbrella of Catholic Charities of the Archdioceses, is committed to providing low-income housing for elderly individuals. The organization operates 50 units specifically designed for this demographic, aiming to offer a suitable living space for this vulnerable group. Their mission is essentially centered around ensuring that low-income elderly tenants have access to appropriate housing. By doing so, they contribute to enhancing the living conditions and quality of life for this age group.
Who is the CEO of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces?
John Westervelt is the President And Treasurer of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces.
What is the revenue of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces?
Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces's revenue in 2022 was $464,703.
Who are the executives of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces and what are their salaries?
The average compensation at Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces during 2022 was $34,072. There are 3 employees at Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces?
Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces
Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces is dedicated to serving the housing needs of low-income elderly individuals. This nonprofit organization provides a total of 50 residential units specifically designed for this demographic. By offering these units, Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces aims to contribute to the well-being of the elderly community, providing them with a secure and suitable living environment.
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Impact
July, 2024
Kearny Senior Residence Inc, operated by Catholic Charities of the Archdiocese, impacts the community by providing essential low-income housing for elderly tenants in Newark, NJ. With a mission to offer 50 units of residential housing for this vulnerable demographic, the organization plays a vital role in ensuring that low-income elderly individuals have access to safe and affordable housing options. This initiative directly addresses the pressing need for housing security among the elderly population, contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Kearny Senior Residence Inc C/O Catholic Charities Of The Archdioces. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $362
- Program Service Revenue: $462,379
- Gross Receipts: $464,703
Assets and Liabilities:
- Total Assets: $4,158,814
- Total Liabilities: $144,297
- Net Assets: $4,014,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD-RENTAL ASSISTANCE
Revenue
$276,279
RENT - TENANT
Revenue
$183,633
LAUNDRY REVENUE
Revenue
$2,397
TENANT CHARGES
Revenue
$70
Organization Details
Founding Year
2002
Phone
(973) 596-5115Principal Officer
John Westervelt
Main Address
590 NORTH 7TH STREET, NEWARK, NJ, 07107
NTEE Category
Code: L21 - Housing
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