Overview
What is Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing?
Jpc Affordable Housing Foundation Inc, formerly known as Foundation For Affordable Housing, is a Newark, New Jersey-based nonprofit organization. They operate and own low-income housing properties, making a significant impact by providing affordable living spaces for individuals in need of public housing assistance. Specifically, they oversee Woods at Oak Crossings, a housing complex in Indianapolis, Indiana, with 321 multifamily units. The organization's role extends beyond direct ownership and management, as they serve as a supporting entity that coordinates activities and strengthens the mission of other organizations focusing on low-income housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating
The Jpc Affordable Housing Foundation Inc, formerly known as the Foundation For Affordable Housing, has received a two-star rating from Charity Navigator, indicating a fair performance in terms of accountability and finance. The organization showcases strengths with a fully independent board and a solid program expense ratio, demonstrating commitment to its mission with all funds directed towards programmatic activities.
However, there are notable limitations in the area of financial transparency and governance. The absence of financial statements and missing key policies such as a whistleblower policy and a document retention policy have negatively impacted its overall accountability score. Additionally, the lack of publicly accessible tax forms raises concerns about transparency for potential donors and stakeholders.
Overall, while the foundation shows a strong commitment to its programs and has effective governance structures in place, it needs to improve its financial transparency and adopt necessary policies to enhance its credibility and accountability in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing legitimate?
Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing 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: $984,269
For more financial information, click here
What is the mission statement of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing?
The Jpc Affordable Housing Foundation Inc, formerly known as the Foundation for Affordable Housing, is dedicated to providing low-income housing. The organization owns and operates housing units, acting as a supporting body to further the mission of other entities offering affordable housing options. Their primary goal is to make a difference in the lives of those in need of public housing assistance. They coordinate various activities and initiatives to ensure the exempt purpose of low-income housing entities is upheld.
Who is the CEO of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing?
Oron Zarum is the President & Director of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing.
What is the revenue of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing?
Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing's revenue in 2022 was $17,034,538.
Who are the executives of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing?
Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing
Jpc Affordable Housing Foundation Inc, formerly known as Foundation For Affordable Housing, is a nonprofit organization dedicated to providing low-income housing. The organization plays a crucial role in the community by owning and operating affordable housing units, acting as a supporting entity that coordinates activities and advances the exempt purpose of other organizations offering low-income housing.
In simple terms, Jpc Affordable Housing Foundation Inc is committed to making a difference in people's lives by ensuring they have access to affordable housing solutions. The nonprofit's mission is twofold: it directly provides low-income housing through its ownership and operation of residential units, and it supports other organizations in their efforts to do the same. By acting as a coordinating entity, Jpc Affordable Housing Foundation Inc extends its reach and influence, making a significant impact on a larger scale.
Jpc Affordable Housing Foundation Inc's dedication to providing low-income housing is evident in its operations. By leasing its units to individuals in need of public housing assistance, the nonprofit is able to create a stable living environment for those who might otherwise struggle to find affordable housing. With a focus on accessibility and affordability, Jpc Affordable Housing Foundation Inc plays a vital role in enhancing the quality of life for numerous individuals and families within the community.
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Impact
October, 2024
Jpc Affordable Housing Foundation Inc significantly impacts low-income communities by providing essential housing solutions for individuals and families in need. Through the management of properties like Woods at Oak Crossings in Indianapolis, which comprises 321 multifamily units, the organization ensures that affordable housing is accessible to those requiring public housing assistance. This initiative alleviates housing insecurity, supports stable living conditions, and enhances the quality of life for residents. Additionally, by coordinating with other entities in the housing sector, Jpc Affordable Housing Foundation Inc strengthens the network of support for low-income households, ultimately contributing to healthier, more stable communities.
This information is meant to be a general summary of Jpc Affordable Housing Foundation Inc F/K/A Foundation For Affordable Housing. 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: $11,206,062
- Program Service Revenue: $5,828,476
- Gross Receipts: $33,992,280
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$5,516,675
ANCILLARY SERVICES
Revenue
$311,801
Organization Details
Founding Year
2005
Phone
(718) 925-4111Principal Officer
Oron Zarum
Main Address
10 HILL STREET 1E, NEWARK, NJ, 07102
NTEE Category
Code: L11 - Housing
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