Overview
What is Somerville Senior Citizens Housing Inc?
Somerville Senior Citizens Housing Inc, located at 1 Mountain Avenue, Somerville, New Jersey, is a nonprofit organization dedicated to providing low-income housing for senior citizens and individuals with disabilities. The organization adheres to the regulations set by the U.S. Department of Housing and Urban Development under Section 8, ensuring compliance with fair housing, civil rights, and the Americans with Disabilities Act. With a commitment to its tenants and the spirit of these regulations, Somerville Senior Citizens' Housing Inc. frequently reviews its policies and procedures to make any necessary adjustments. The organization manages 152 units, providing a home for those in need. With a staff of nine individuals, the organization strives to create a welcoming and inclusive living environment for its residents.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Somerville Senior Citizens Housing Inc has achieved a high rating of 94% from Charity Navigator, reflecting its strong focus on accountability and financial management. This rating is primarily based on a comprehensive evaluation of its financial practices, demonstrating a commitment to transparency and responsible stewardship of resources. The organization has received full marks for its independent board composition, ensuring that the majority of its board members are independent.
The nonprofit excels in several key areas, including its robust conflict of interest and whistleblower policies, which are fully documented. Additionally, it has no material diversion of assets, indicating a high level of integrity in handling funds. The financial statements have undergone thorough audits, and the organization maintains a low liabilities-to-assets ratio, showcasing its fiscal stability.
Despite the strong financial health indicated by an 80% program expense ratio, which suggests a substantial portion of expenditures is directed towards its mission, potential supporters might be interested in understanding more about the specific programs and services provided. Overall, Somerville Senior Citizens Housing Inc stands out for its accountability and financial prudence.
This AI summary has been generated from information found on Charity Navigator.
Is Somerville Senior Citizens Housing Inc legitimate?
Somerville Senior Citizens Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerville Senior Citizens 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: $107,539
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,118
For more financial information, click here
What is the mission statement of Somerville Senior Citizens Housing Inc?
Somerville Senior Citizens Housing Inc's mission is centered around providing affordable housing for senior citizens. The organization is committed to adhering to fair housing laws, civil rights regulations, and the Americans with Disabilities Act. They aim to not only comply with these regulations in letter but also in spirit. The management regularly reviews their compliance status and policies to ensure they are up-to-date, making necessary adjustments as needed.
Who is the CEO of Somerville Senior Citizens Housing Inc?
Janice Reitman is the President of Somerville Senior Citizens Housing Inc.
What is the revenue of Somerville Senior Citizens Housing Inc?
Somerville Senior Citizens Housing Inc's revenue in 2023 was $2,602,116.
Who are the executives of Somerville Senior Citizens Housing Inc and what are their salaries?
The average compensation at Somerville Senior Citizens Housing Inc during 2023 was $37,184. There are 9 employees at Somerville Senior Citizens Housing Inc.
Here are 9 key members and their salaries:
- Compensation: $99,920
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Somerville Senior Citizens Housing Inc?
Somerville Senior Citizens Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Somerville Senior Citizens Housing Inc
Somerville Senior Citizens Housing Inc is dedicated to providing low-income housing for senior citizens. The management of this organization is committed to adhering to various laws and regulations governing fair housing, civil rights, and the Americans with Disabilities Act. They strive to comply not only with the letter of these regulations but also with their spirit, ensuring that their policies and procedures align with these principles. The organization regularly reviews its compliance status and makes necessary adjustments to maintain its commitment to these regulations.
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Impact
October, 2024
Somerville Senior Citizens Housing Inc. significantly enhances the quality of life for low-income senior citizens and disabled individuals in Somerville, NJ. By providing 152 affordable apartments, the organization ensures that these vulnerable populations have access to stable and secure housing. This not only addresses the pressing need for affordable living arrangements but also fosters a sense of community and belonging among residents.
The commitment to upholding fair housing laws, civil rights, and the Americans with Disabilities Act demonstrates a dedication to inclusivity and respect for all tenants. Regular reviews of compliance policies reflect a proactive approach to maintaining high standards and responding to the evolving needs of the community.
In essence, Somerville Senior Citizens Housing Inc. plays a crucial role in promoting stability and dignity for seniors, empowering them to lead independent lives while also ensuring their rights and needs are met. The impact is profound, as it contributes to the overall well-being of individuals who might otherwise face housing insecurity.
This information is meant to be a general summary of Somerville Senior Citizens 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 2023.
- Investment Income: $39,046
- Program Service Revenue: $794,044
- Gross Receipts: $2,602,116
Assets and Liabilities:
- Total Assets: $7,511,095
- Total Liabilities: $982,163
- Net Assets: $6,528,932
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$765,812
TENANT SERVICES
Revenue
$28,232
Organization Details
Founding Year
1978
Phone
(908) 722-4244Principal Officer
Janice Reitman
Main Address
1 MOUNTAIN AVENUE, SOMERVILLE, NJ, 08876
NTEE Category
Code: L22 - Housing
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