Overview
What is Arc Cape May Housing Inc?
Arc Cape May Housing Inc, situated in Cape May Court House, New Jersey, is a dedicated nonprofit organization. Their primary mission is to offer safe, hygienic, and reasonably priced housing options for individuals who are financially constrained and also have intellectual or developmental disabilities. Their goal is to ensure that such individuals, who fall below a certain income threshold, have access to secure housing. The organization operates in compliance with its mission, providing a supportive living environment for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star Rating)
Arc Cape May Housing Inc has achieved a 79% rating from Charity Navigator, reflecting a solid level of accountability and finance management. This score is based entirely on their Accountability & Finance measures, indicating a strong commitment to maintaining financial integrity and transparency. The organization's effective governance is demonstrated by their independent board, with 85% of board members being independent, which plays a crucial role in minimizing conflicts of interest.
The nonprofit shows commendable practices, including having listed policies for conflict of interest, whistleblowing, and document retention, all of which contribute positively to their overall score. Their program expenses ratio stands at a strong 81.14%, highlighting a significant commitment to their mission-related activities. However, it's worth noting that their liabilities to assets ratio is quite high at 151.41%, which may raise concerns regarding financial stability and potential long-term sustainability.
Despite the high standards in accountability and finance, the organization's financial health could be a point of concern for potential donors. While they have many strengths in governance procedures and transparency, the high level of liabilities compared to their assets could warrant closer scrutiny for those considering their support. Overall, Arc Cape May Housing Inc demonstrates a solid commitment to responsible financial practices, while also facing challenges that merit attention.
This AI summary has been generated from information found on Charity Navigator.
Is Arc Cape May Housing Inc legitimate?
Arc Cape May Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arc Cape May Housing 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: $0
For more financial information, click here
What is the mission statement of Arc Cape May Housing Inc?
Arc Cape May Housing Inc's mission is centered around providing housing for individuals with intellectual and developmental disabilities. This organization ensures that only those who meet a specified low-income threshold are eligible for its housing services. The primary goal is to offer safe, clean, and affordable living spaces to these individuals, thereby contributing to their overall well-being. The organization's mission is driven by the belief in equal opportunities and the right to decent living conditions for all, regardless of their cognitive abilities.
Who is the CEO of Arc Cape May Housing Inc?
Laura Gaffney is the President of Arc Cape May Housing Inc. The CEO's salary of Arc Cape May Housing Inc is $0 and their total compensation is $156,085.
What is the revenue of Arc Cape May Housing Inc?
Arc Cape May Housing Inc's revenue in 2022 was $49,518.
Who are the executives of Arc Cape May Housing Inc and what are their salaries?
Here are 11 key members and their salaries (Arc Cape May Housing Inc's CEO's salary is $0 and their total compensation is $156,085):
- Compensation: $0
- Related: $103,120
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $103,467
- Other: $0
- Compensation: $0
- Related: $156,085
- Other: $0
Where can I find the form 990 for Arc Cape May Housing Inc?
Arc Cape May Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Arc Cape May Housing Inc
Arc Cape May Housing Inc, as a mission-driven organization, is committed to providing housing solutions for individuals who fall under the category of having intellectual and developmental disabilities, and who meet a specified low-income threshold. This nonprofit organization's primary program focuses on offering safe, clean, and affordable housing, ensuring that those in need have a secure place to live. By doing so, Arc Cape May Housing Inc aims to contribute positively to the lives of these individuals, providing them with the basic necessities and a sense of stability.
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Impact
August, 2024
Arc Cape May Housing Inc's impact is significant in providing safe, clean, and affordable housing for low-income individuals with intellectual and developmental disabilities in Cape May Court House, NJ. Through its primary program, the organization supports these individuals by offering accommodation that meets their specific needs and helps them live independently. This initiative plays a vital role in enhancing the quality of life for a marginalized population and fostering a more inclusive community.
This information is meant to be a general summary of Arc Cape May Housing 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: $16
- Program Service Revenue: $23,695
- Gross Receipts: $49,518
Assets and Liabilities:
- Total Assets: $750,861
- Total Liabilities: $1,065,843
- Net Assets: -$314,982
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$23,695
Organization Details
Founding Year
2004
Phone
(609) 861-7100Principal Officer
Laura Gaffney
Main Address
927 Court House S Dennis Rd 2nd Fl, Cape May Court House, NJ, 08210
NTEE Category
Code: L21 - Housing
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