Overview
What is Rising Dove Senior Apartments Inc?
Rising Dove Senior Apartments Inc is a nonprofit organization situated in Paterson, New Jersey, at 67 Carroll Street. Its primary mission is to provide affordable housing for the elderly and individuals with very low incomes, offering 50 units in total. With a committed workforce of six employees, Rising Dove Senior Apartments Inc focuses on making housing accessible for this specific demographic, contributing to the well-being and stability of its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Rising Dove Senior Apartments Inc. has received a strong rating of 86%, indicating a solid performance in accountability and finance. The score is derived solely from its accountability and finance metrics, showcasing a commitment to transparency and responsible financial practices. With an independent board composed entirely of eight members, the organization demonstrates strong governance principles.
The financial health of Rising Dove is also commendable, evidenced by a program expense ratio of 81.95%, which indicates that a significant portion of its resources are dedicated to its programs rather than administrative costs. Additionally, the organization maintains a favorable liabilities-to-assets ratio of 1.57%, reflecting low financial risk and a stable financial foundation.
While the overall rating is robust, it is essential to continue monitoring the organization’s performance and impact in the community it serves. The absence of material asset diversion and a comprehensive conflict of interest policy further strengthen its standing, but ongoing assessment of its programs will be crucial for future growth and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Rising Dove Senior Apartments Inc legitimate?
Rising Dove Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rising Dove Senior Apartments Inc 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: $188,245
For more financial information, click here
What is the mission statement of Rising Dove Senior Apartments Inc?
Rising Dove Senior Apartments Inc is committed to providing housing for the elderly and individuals with very low income. Their mission is to offer a residential space that is accessible to this specific demographic, ensuring they have a suitable living environment. The organization has constructed 50 units specifically designed for this purpose, demonstrating their dedication to this cause. By offering affordable housing, Rising Dove Senior Apartments Inc aims to contribute positively to the lives of elderly and financially vulnerable individuals, providing them with a secure and comfortable place to reside.
Who is the CEO of Rising Dove Senior Apartments Inc?
Sean C Evans is the President of Rising Dove Senior Apartments Inc.
What is the revenue of Rising Dove Senior Apartments Inc?
Rising Dove Senior Apartments Inc's revenue in 2022 was $653,789.
Who are the executives of Rising Dove Senior Apartments Inc and what are their salaries?
The average compensation at Rising Dove Senior Apartments Inc during 2022 was $31,374. There are 6 employees at Rising Dove Senior Apartments Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Rising Dove Senior Apartments Inc?
Rising Dove Senior Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rising Dove Senior Apartments Inc
Rising Dove Senior Apartments Inc is committed to providing low-income housing for the elderly and very low-income individuals. This nonprofit organization's mission is to offer residential housing units that cater to this specific demographic, ensuring they have a safe and affordable living space. The organization's mission is deeply rooted in the belief that every individual, regardless of their income level, deserves a decent place to call home, especially as they enter their golden years. By providing 50 units of housing, Rising Dove Senior Apartments Inc is making a significant impact in the lives of elderly and financially challenged individuals, offering them a sense of security and stability. The organization's mission is instrumental in addressing the housing needs of this vulnerable population, thereby improving their overall quality of life.
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Impact
July, 2024
Rising Dove Senior Apartments Inc provides a crucial service by offering 50 units of residential housing for the elderly and very low-income individuals in Paterson, NJ. This support helps vulnerable members of the community to have a stable and secure place to live, promoting their well-being and overall quality of life. By focusing on providing affordable housing, Rising Dove Senior Apartments Inc positively impacts the lives of its residents, ensuring they have a safe and comfortable environment to call home.
This information is meant to be a general summary of Rising Dove Senior Apartments Inc. 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: $221
- Program Service Revenue: $653,567
- Gross Receipts: $653,789
Assets and Liabilities:
- Total Assets: $4,709,589
- Total Liabilities: $74,363
- Net Assets: $4,635,226
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - HUD
Revenue
$443,795
RENT - TENANT
Revenue
$209,772
Organization Details
Founding Year
2002
Phone
(973) 345-0808Principal Officer
Sean C Evans
Main Address
67 CARROLL STREET, PATERSON, NJ, 07501
NTEE Category
Code: L22 - Housing
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