Overview
What is North 25 Housing Corporation?
North 25 Housing Corporation is a nonprofit organization dedicated to offering affordable housing and community support. By managing North 25 gp llc, the corporation serves as the general partner for North 25 urban renewal preservation lp. Their primary goal is to provide subsidized housing to low-income individuals and families, ensuring access to housing that is within their financial means. Beyond housing, North 25 Housing Corporation also contributes to the community by offering various services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (71%, Two-Star out of Four Stars)
North 25 Housing Corporation has received a Two-Star rating from Charity Navigator, indicating that there are areas in need of improvement. The organization demonstrates strong accountability in certain aspects, such as having a fully independent board and a high program expense ratio of 98.34%, which suggests that most of its resources are directed towards its mission-related activities.
However, there are notable deficiencies in its financial practices. The organization has not provided financial statements or tax forms on its website, leading to a score of zero in these categories. Additionally, the absence of a whistleblower policy and a document retention and destruction policy raises concerns about governance and transparency.
While the organization has strengths in its governance structure, the lack of required financial documentation and policies limits its overall effectiveness and accountability. Addressing these shortcomings could improve its rating and enhance trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is North 25 Housing Corporation legitimate?
North 25 Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North 25 Housing 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:
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Professional Fundraising Fees: $0
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For more financial information, click here
What is the mission statement of North 25 Housing Corporation?
North 25 Housing Corporation is committed to providing low-income housing and community service. They achieve this goal through their ownership of North 25 gp llc, which manages the general partner of North 25 urban renewal preservation lp. This entity is dedicated to offering subsidized housing for individuals and families with moderate to low income levels. The corporation's mission is centered around enhancing living conditions for those in need and contributing to the community at large.
Who is the CEO of North 25 Housing Corporation?
R Denise Lyles is the President of North 25 Housing Corporation.
What is the revenue of North 25 Housing Corporation?
North 25 Housing Corporation's revenue in 2022 was $821,373.
Who are the executives of North 25 Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for North 25 Housing Corporation?
North 25 Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North 25 Housing Corporation
North 25 Housing Corporation, as a mission-driven organization, is dedicated to providing low-income housing and community service. It accomplishes this by overseeing North 25 gp llc, which acts as the general partner for North 25 urban renewal preservation lp. This partnership aims to offer subsidized housing to individuals and families with modest incomes. By doing so, North 25 Housing Corporation plays a significant role in addressing housing needs within the community, contributing to a more equitable living environment for those in need.
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Impact
October, 2024
North 25 Housing Corporation significantly impacts the Trenton, NJ community by addressing the critical need for affordable housing and essential community services. Through its ownership of North 25 GP LLC, the organization manages initiatives like the North 25 Urban Renewal Preservation LP, which focuses on providing subsidized housing for low to moderate-income individuals and families.
By creating and maintaining accessible housing options, North 25 Housing Corporation plays a vital role in enhancing community stability and promoting social equity. Their efforts help combat homelessness and ensure that families have a safe and supportive environment in which to thrive. In addition to housing, the corporation actively engages in community service, reinforcing its commitment to improving overall quality of life for residents in the area. This multifaceted approach not only addresses immediate housing needs but also fosters long-term community development and resilience.
This information is meant to be a general summary of North 25 Housing 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 2022.
- Investment Income: $36,978
- Program Service Revenue: $784,395
- Gross Receipts: $821,373
Assets and Liabilities:
- Total Assets: $8,095,122
- Total Liabilities: $1,472,469
- Net Assets: $6,622,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE
SALE OF TAX CREDITS
Revenue
$784,395
SOCIAL SERVICE COST REIMB
SUPERVISORY MANAGEMNT FEE
Organization Details
Founding Year
1977
Principal Officer
R Denise Lyles
Main Address
260 NORTH WILLOW STREET, TRENTON, NJ, 08618
NTEE Category
Code: L20 - Housing
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