Overview
What is Elm Court Inc?
Elm Court Inc is a nonprofit organization situated in Princeton, New Jersey, dedicated to providing high-quality housing for seniors and mobility-impaired adults with income levels below 50% of the county median. They operate 66 one-bedroom apartments and 22 studios under the HUD Section 202 program, ensuring affordable rents. The building and operations are managed by PCH Development Corp, a 50L(C)3 entity. A licensed social worker is available on-site to help residents access community resources and state-sponsored programs. The organization provides free bus service, weekly shuttle service, and offers regular hair and podiatry care. Elm Court Inc fosters a strong community among its residents, connecting them with neighbors and hosting activities such as exercise classes, art lessons, and educational lectures. The community garden, created by volunteers and local donors, has become a significant part of life at Elm Court, allowing residents to grow their own fruits, vegetables, and flowers.
Official website here: www.princetoncommunityhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Elm Court Inc has received a commendable Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The score of 81% indicates a well-managed organization, particularly with its commitment to transparency and ethical practices, as evidenced by its 100% independent board and robust financial oversight.
The nonprofit excels in various aspects, including a high program expense ratio of 88.04%, which suggests that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, Elm Court Inc has demonstrated diligence with policies in place, such as conflict of interest and whistleblower protections, contributing to its solid governance framework.
While Elm Court Inc shows strong financial health and governance, the data highlights that its rating is based solely on accountability and finance, which may indicate a need for more comprehensive evaluation metrics. Overall, the organization presents a positive image in the nonprofit sector, with a strong emphasis on maintaining integrity and effectiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Elm Court Inc legitimate?
Elm Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elm Court 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: $303,200
For more financial information, click here
Official website here: www.princetoncommunityhousing.org
What is the mission statement of Elm Court Inc?
Elm Court Inc is committed to providing quality living spaces for seniors and mobility-impaired adults whose income falls below 50% of the county median. This includes offering social and supportive opportunities to these residents. The organization ensures that its residents have access to the Princeton community, providing them with essential amenities such as free bus service, hair and podiatry care, and weekly shuttle service to regional shopping areas. Elm Court Inc strives to build a strong community among its residents, linking them to neighboring facilities and empowering them to lead fulfilling lives. Regular community gatherings, activities like chair exercise and art lessons, health information lectures, and TED talk discussion groups are organized for the residents. The community lounge hosts concerts and holiday celebrations, and the community garden, created by volunteers and local donors, is a highlight of Elm Court life, where residents grow fruits, vegetables, and flowers throughout the year.
Official website here: www.princetoncommunityhousing.org
Who is the CEO of Elm Court Inc?
Edward Truscelli is the Board Member of Elm Court Inc.
Official website here: www.princetoncommunityhousing.org
What is the revenue of Elm Court Inc?
Elm Court Inc's revenue in 2022 was $1,814,023.
Official website here: www.princetoncommunityhousing.org
Who are the executives of Elm Court Inc and what are their salaries?
The average compensation at Elm Court Inc during 2022 was $23,323. There are 13 employees and 21 volunteers at Elm Court Inc.
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- Related: $130,455
- Other: $15,024
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- Related: $176,470
- Other: $31,249
Official website here: www.princetoncommunityhousing.org
Where can I find the form 990 for Elm Court Inc?
Elm Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.princetoncommunityhousing.org
Learn more at the official website: www.princetoncommunityhousing.org
Mission Statement of Elm Court Inc
Elm Court Inc, a nonprofit organization, is committed to providing quality homes in a welcoming and diverse community for seniors and mobility-impaired adults whose incomes are below 50% of the county median. The mission of Elm Court Inc extends beyond just housing. It aims to offer social and supportive opportunities to its residents, ensuring they have access to the Princeton community. The organization owns 66 one-bedroom apartments and 22 studios, operating under the HUD Section 202 program with a Section 8 housing assistance payment contract. This enables Elm Court Inc to set rents at no more than 30% of each resident's adjusted gross income.
PCH Development Corp, a 50L(c)3 entity, manages the building and operations. A licensed social worker is on site to assist residents with referrals to community resources and state-sponsored programs. Elm Court Inc provides free bus service to Princeton's shopping areas, library, and senior resource center six days a week, and also offers weekly shuttle service to regional shopping areas. Regular hair and podiatry care is made available, and the organization strives to build a strong community for its residents, linking them to neighbors in Elm Court II, Inc.
Elm Court Inc encourages community involvement through resident-led activities such as chair exercise, art lessons, health information lectures, and Ted Talk discussion groups. Community lounges enable concerts and holiday celebrations, and the community garden, created by volunteers and local donors, has become a highlight of Elm Court life. Residents grow fruits, vegetables, and flowers in more than 50 plots, some designed with raised or wheelchair-accessible beds, making gardening accessible to all.
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Impact
October, 2024
Elm Court Inc significantly impacts the lives of seniors and mobility-impaired adults by providing them with quality, affordable housing in a welcoming and diverse community setting. With 66 one-bedroom apartments and 22 studios, Elm Court employs the HUD Section 202 program alongside a Section 8 housing assistance contract, allowing residents to pay no more than 30% of their adjusted gross income for rent.
Beyond just housing, Elm Court fosters a strong sense of community among residents. It actively links them with resources through a licensed social worker on-site, offering referrals to community services and state-sponsored programs. Residents benefit from the accessibility of free bus services to shopping areas, libraries, and senior resource centers, ensuring their engagement with the broader Princeton community.
Elm Court also emphasizes holistic well-being through various activities and health services. Regular hair and podiatry care, along with engaging community activities such as chair exercise, art lessons, health lectures, and TED Talk discussions, promote physical and mental wellness. The community lounges, along with the community garden cultivated by residents, provide nurturing spaces for social interaction and engagement with nature, enhancing the quality of life for all.
With a focus on resident empowerment and community connection, Elm Court Inc not only provides housing but also creates an environment where seniors can lead meaningful lives, participate in decision-making through the residents association, and celebrate diversity within their community.
This information is meant to be a general summary of Elm Court 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: $1,253
- Program Service Revenue: $1,810,331
- Gross Receipts: $1,814,023
Assets and Liabilities:
- Total Assets: $4,017,922
- Total Liabilities: $7,630,026
- Net Assets: -$3,612,104
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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
$1,405,141
RENTAL PAYMENTS
Revenue
$313,164
CONGRAGATE PROGRAM REV
Revenue
$92,026
Organization Details
Founding Year
2007
Phone
(609) 924-3822Principal Officer
Edward Truscelli
Main Address
ONE MONUMENT DRIVE, PRINCETON, NJ, 08540
NTEE Category
Code: E91 - Health
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