Overview
What is Young Men's Christian Association Of Paterson?
The Young Men's Christian Association of Paterson is a nonprofit organization located at 128 Ward Street, Paterson, New Jersey 07505. With a mission to promote holistic well-being, the association embraces individuals of diverse backgrounds, including different ages, income levels, races, and religions. The core activity of the organization involves offering affordable or free housing and shelter to various groups such as the young, elderly, unemployed, homeless, and retired individuals. The primary aim is to create an environment that fosters good citizenship and sound character. Residents can access a range of services including counseling, a TV and reading room, gym and pool usage, among others. The organization's program benefits approximately 203 individuals and provides case management and consultation with social workers. The Paterson YMCA's total workforce is 88 strong, dedicated to its mission of building a healthy body, mind, and spirit, while incorporating Christian principles into daily practices.
Official website here: www.ymcaofpaterson.org
What are the reviews and ratings of this charity?
Charity Navigator rates the Young Men's Christian Association of Paterson with an 88%, granting it a Three-Star out of Four Star rating. This score reflects the organization's performance in Accountability & Finance, indicating a strong commitment to financial transparency and responsible management of resources.
The YMCA of Paterson boasts a fully independent board, which is a significant strength, as it ensures that governance is free from conflicts of interest. Additionally, the financial oversight is well-rated, with no material diversions of assets reported, a solid liabilities to assets ratio, and a commendable program expense ratio of 73.18%. These factors suggest that a large portion of their funds is dedicated to their programs and services.
However, there are areas for improvement, notably the absence of specific policies such as a whistleblower policy and document retention and destruction policy. This could raise concerns about internal governance practices. Furthermore, the nonprofit has not posted its tax form on its website, which may limit access to important financial information for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Young Men's Christian Association Of Paterson legitimate?
Young Men's Christian Association Of Paterson is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Christian Association Of Paterson 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: $140,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,601,765
For more financial information, click here
Official website here: www.ymcaofpaterson.org
What is the mission statement of Young Men's Christian Association Of Paterson?
The Young Men's Christian Association (YMCA) of an unspecified location is a membership association that welcomes individuals of all ages, income levels, races, and religions. Its primary mission is to encourage the development of a healthy body, mind, and spirit. This is achieved by incorporating Christian principles into daily practices. The YMCA provides affordable housing and shelter for various groups, including the young, elderly, poor, unemployed, homeless, and retired people. The objective is to create an environment that fosters good citizenship and sound character. Residents have access to a range of services such as counseling, a television and reading room, and the use of gym and pool facilities. Approximately 203 individuals benefit from this program, and case management and social worker consultations are also provided.
Official website here: www.ymcaofpaterson.org
Who is the CEO of Young Men's Christian Association Of Paterson?
Gerard Gilliam is the Ceo of Young Men's Christian Association Of Paterson. The CEO's salary of Young Men's Christian Association Of Paterson is $140,000 and their total compensation is $140,000.
Official website here: www.ymcaofpaterson.org
What is the revenue of Young Men's Christian Association Of Paterson?
Young Men's Christian Association Of Paterson's revenue in 2022 was $4,081,632.
Official website here: www.ymcaofpaterson.org
Who are the executives of Young Men's Christian Association Of Paterson and what are their salaries?
The average compensation at Young Men's Christian Association Of Paterson during 2022 was $19,793. There are 88 employees at Young Men's Christian Association Of Paterson.
Here are 14 key members and their salaries (Young Men's Christian Association Of Paterson's CEO's salary is $140,000 and their total compensation is $140,000):
- Compensation: $140,000
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Official website here: www.ymcaofpaterson.org
Where can I find the form 990 for Young Men's Christian Association Of Paterson?
Young Men's Christian Association Of Paterson's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymcaofpaterson.org
Learn more at the official website: www.ymcaofpaterson.org
Mission Statement of Young Men's Christian Association Of Paterson
The Young Men's Christian Association of Paterson, hereafter referred to as Paterson YMCA, is a membership association that embraces individuals of all ages, income levels, races, and religions. Its primary mission is to foster the development of a healthy body, mind, and spirit. This mission is rooted in the practice of Christian principles.
The Paterson YMCA serves as a hub for individuals seeking to improve their well-being. It offers a residential program that provides affordable or free housing to a diverse group of individuals, including the young, elderly, poor, unemployed, homeless, and retired. The aim of this program is to create an environment that encourages good citizenship and the cultivation of sound character. Residents have access to a range of facilities and services, such as counseling, a TV and reading room, and the use of gym and pool facilities.
The residential program benefits approximately 203 individuals, providing them with a supportive community and resources to help them navigate various life challenges. Additionally, the Paterson YMCA offers case management and consultation with social workers to further assist its residents in their personal growth and development. The organization's commitment to its mission and its dedication to serving its community are evident in its residential program and the various services it provides.
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Impact
October, 2024
The Paterson YMCA significantly impacts the community by fostering an inclusive and supportive environment for individuals of all ages, incomes, races, and religions. Its residence program offers affordable housing and shelter for vulnerable populations, including the young, elderly, poor, unemployed, and homeless. This initiative promotes good citizenship and character development, creating a sustainable living situation for approximately 203 individuals.
The YMCA enhances residents' quality of life through various services, including counseling, access to recreational facilities like a gym and pool, and communal spaces for reading and leisure. By providing case management and consultation with social workers, it addresses the unique needs of its residents, reinforcing their path toward stability and self-sufficiency.
Through its commitment to building a healthy body, mind, and spirit, the Paterson YMCA not only impacts the individuals it serves but also strengthens the broader community, promoting a sense of unity and support among diverse groups.
This information is meant to be a general summary of Young Men's Christian Association Of Paterson. 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: -$46,108
- Program Service Revenue: $121,189
- Gross Receipts: $4,081,632
Assets and Liabilities:
- Total Assets: $5,873,633
- Total Liabilities: $1,132,748
- Net Assets: $4,740,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Residence and other program fees
Revenue
$121,189
Organization Details
Founding Year
1905
Phone
(973) 684-2320Principal Officer
Gerard Gilliam
Main Address
128 Ward Street, Paterson, NJ, 07505
Website
www.ymcaofpaterson.orgNTEE Category
Code: P27Z - Human services
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