Overview
What is High Park Gardens Cooperative Corporation?
High Park Gardens Cooperative Corporation is a nonprofit organization situated in Newark, New Jersey. The primary objective of this organization is to offer affordable housing solutions to the local community. With a dedicated workforce of 43 individuals, High Park Gardens Cooperative Corporation has made significant strides in meeting this mission, ensuring that area residents have access to reasonably priced housing options. The organization's activities are geared towards this mission, providing a vital service to the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
High Park Gardens Cooperative Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational practices. The organization achieved a total score of 67%, reflecting solid strengths in financial oversight, with an excellent program expense ratio of 94.91% and full marks for its audit and oversight committee. Additionally, the board is composed entirely of independent members, which is a positive aspect of governance.
However, several critical areas require attention, especially regarding transparency and compliance. The nonprofit has received low scores for missing key policies such as conflict of interest and whistleblower policies, which are essential for maintaining accountability and trust. Furthermore, the absence of its tax form and related disclosures on its website raises concerns about accessibility to important financial information.
While High Park Gardens Cooperative Corporation demonstrates a commendable commitment to using funds efficiently, the gaps in governance and policy documentation highlight areas where the organization must improve to enhance its accountability and public confidence. Addressing these issues could help elevate its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is High Park Gardens Cooperative Corporation legitimate?
High Park Gardens Cooperative Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Park Gardens Cooperative Corporation 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: $979,361
For more financial information, click here
What is the mission statement of High Park Gardens Cooperative Corporation?
The High Park Gardens Cooperative Corporation is dedicated to fulfilling a mission of offering affordable housing options to the local community. By providing affordable living spaces, the organization aims to contribute positively to the lives of its residents. Historically, the corporation has focused on delivering this service, ensuring that area residents have access to reasonably priced housing options. The corporation's activities center around this mission, making it a key part of its identity and purpose.
What is the revenue of High Park Gardens Cooperative Corporation?
High Park Gardens Cooperative Corporation's revenue in 2023 was $4,383,808.
Who are the executives of High Park Gardens Cooperative Corporation and what are their salaries?
The average compensation at High Park Gardens Cooperative Corporation during 2023 was $33,771. There are 29 employees at High Park Gardens Cooperative Corporation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for High Park Gardens Cooperative Corporation?
High Park Gardens Cooperative Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of High Park Gardens Cooperative Corporation
High Park Gardens Cooperative Corporation is committed to providing affordable housing solutions for the local community. This nonprofit organization has made it its mission to ensure that area residents have access to reasonably priced housing options, thereby contributing to a more equitable living situation. Through its efforts, High Park Gardens Cooperative Corporation has successfully supplied affordable housing to the community, offering a much-needed resource for those in need.
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Impact
October, 2024
High Park Gardens Cooperative Corporation plays a significant role in the community by providing affordable housing options to residents in Newark, NJ. Through its efforts, the organization ensures that individuals and families have access to secure and reasonably priced living arrangements, which can enhance their overall quality of life. This availability of affordable housing not only alleviates financial burdens for residents but also contributes to the stability and cohesion of the neighborhood. By focusing on the critical need for housing, High Park Gardens promotes community development and supports the well-being of its members.
This information is meant to be a general summary of High Park Gardens Cooperative Corporation. 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 2023.
- Investment Income: $4,763
- Program Service Revenue: $4,379,045
- Gross Receipts: $4,383,808
Assets and Liabilities:
- Total Assets: $6,341,913
- Total Liabilities: $6,300,478
- Net Assets: $41,435
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Carrying Charges
Revenue
$3,148,212
Laundry and vending charges
Revenue
$4,693
Other resident charges
Revenue
$1,226,140
Organization Details
Founding Year
1965
Principal Officer
Blonnie Watson
NTEE Category
Code: L21 - Housing
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