Overview
What is Hoboken Day Care 100 Program?
The Hoboken Day Care 100 Program is a nonprofit organization situated in Hoboken, New Jersey, specifically at 124 Grand Street. Its primary mission is to offer affordable child care services to families within the area, with a special focus on those who fall under the low and middle income brackets. The program aims to serve around 150 families within a year, ensuring that their young ones, ranging from 8 weeks old to 13 years of age, receive quality care. The Hoboken Day Care 100 Program operates with a team of 19 dedicated individuals, committed to making a positive impact in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
The Hoboken Day Care 100 Program has received a Three-Star rating from Charity Navigator, indicating a solid performance in its financial accountability and transparency. The score reflects strong governance practices, with a fully independent board and effective policies in place for conflict of interest and document retention. Its fiscal management is commendable, as evidenced by a low liabilities to assets ratio and a high program expense ratio, suggesting that most of its resources are directed towards its programs.
Strengths of the organization include a comprehensive commitment to accountability, with all board members being independent and no material diversion of assets reported. The high percentage of expenses going directly to program services (96.29%) indicates a strong focus on fulfilling its mission rather than administrative costs. These factors highlight the program's dedication to effective management and transparency.
However, while the rating is favorable, it's essential to consider that the overall score is based solely on financial accountability, which might not fully capture the program's impact or effectiveness in achieving its goals. Future assessments could benefit from additional metrics to provide a more holistic view of the organization's overall performance and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Hoboken Day Care 100 Program legitimate?
Hoboken Day Care 100 Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hoboken Day Care 100 Program 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: $616,630
For more financial information, click here
What is the mission statement of Hoboken Day Care 100 Program?
The Hoboken Day Care 100 Program's mission is centered around providing affordable child care services. This mission is specifically directed towards families within a certain income bracket, encompassing both low and middle income eligibles. The program's primary objective is to cater to the child care needs of these families, ensuring they have access to quality services within their financial reach. The Hoboken Day Care 100 Program serves approximately 150 families within a year.
What is the revenue of Hoboken Day Care 100 Program?
Hoboken Day Care 100 Program's revenue in 2023 was $1,419,653.
Who are the executives of Hoboken Day Care 100 Program and what are their salaries?
The average compensation at Hoboken Day Care 100 Program during 2023 was $24,435.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hoboken Day Care 100 Program?
Hoboken Day Care 100 Program's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hoboken Day Care 100 Program
The Hoboken Day Care 100 Program is committed to providing affordable child care services to families residing in the area, with a particular focus on low-income and middle-income families. The program's primary mission is to ensure that children between the ages of 8 weeks and 13 years gain access to quality child care services. Within a year, the program serves approximately 150 families, making a significant impact in the community. By prioritizing affordability and accessibility, Hoboken Day Care 100 Program strives to support local families in their efforts to balance work and family life, ensuring that children receive proper care and development during their formative years.
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Impact
October, 2024
Hoboken Day Care 100 Program significantly impacts the local community by providing affordable childcare services tailored for low and middle-income families. By serving children aged 8 weeks to 13 years, the program addresses a critical need for accessible childcare in the area, allowing parents to pursue employment and educational opportunities without the burden of high childcare costs.
Within just one year, the program serves approximately 150 families, creating a supportive environment that fosters child development and early learning while alleviating financial pressures on parents. This access enables families to thrive, contributing to the overall stability and economic health of the community. Moreover, by ensuring that children receive quality care in their formative years, the program plays a vital role in setting a strong foundation for their future success.
This information is meant to be a general summary of Hoboken Day Care 100 Program. 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: $3,740
- Program Service Revenue: $554,118
- Gross Receipts: $1,419,653
Assets and Liabilities:
- Total Assets: $666,009
- Total Liabilities: $89,097
- Net Assets: $576,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARENTS FEES
Revenue
$554,118
Organization Details
Founding Year
1972
Principal Officer
Leonard Serrano
NTEE Category
Code: P33Z - Human services
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