Overview
What is North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments?
North Brunswick UAW Housing Corporation, operating under the name Martin Gerber Apartments, is a nonprofit organization based in New Brunswick, New Jersey. Their primary mission is to provide affordable housing opportunities for low-income, disabled, or senior citizens in the state. This is accomplished through the operation of their housing community, which is allowed under New Jersey's laws that permit the establishment of non-profit entities for affordable housing development and operation. The organization adheres to specified standards set by the U.S. Department of Housing and Urban Development (HUD) or the New Jersey Housing and Mortgage Finance Agency. The rental of apartments is limited to individuals who qualify for the affordable housing programs in their community, and eligibility is based on annual income, age, family status, and U.S. citizenship or eligible immigration status. North Brunswick UAW Housing Corporation operates with a dedicated workforce of 23 employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The North Brunswick UAW Housing Corporation, operating as Martin Gerber Apartments, boasts a strong rating of 94% from Charity Navigator, emphasizing its robust accountability and financial management. The charity's score is derived entirely from its accountability and finance metrics, where it excels in key areas such as board independence and the absence of asset diversion, indicating a well-governed organization.
Strengths highlighted in the evaluation include a 63% independent board and comprehensive policies that promote transparency and ethical governance, such as a conflict of interest policy and a whistleblower policy. The organization also demonstrates strong financial health with a program expense ratio of 94.77%, indicating that a large proportion of its funds are directed towards its mission and programs rather than administrative costs.
While the overall feedback is overwhelmingly positive, there are no significant limitations noted in the data provided. The charity appears to maintain high standards of financial stewardship and accountability, making it a reliable choice for donors seeking to support its housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments legitimate?
North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments 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: $435,597
For more financial information, click here
What is the mission statement of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments?
North Brunswick UAW Housing Corporation, operating as Martin Gerber Apartments, is committed to serving a public purpose. Their primary mission is to offer and advocate for affordable housing opportunities to low-income disabled or senior citizens residing in New Jersey. The corporation intends to continue operating the housing community in accordance with a state policy that permits the establishment and operation of affordable housing by non-profit entities.
Who is the CEO of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments?
Joe Latoof is the President of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments.
What is the revenue of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments?
North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments's revenue in 2022 was $4,195,044.
Who are the executives of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments and what are their salaries?
The average compensation at North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments during 2022 was $18,939. There are 23 employees at North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $206,727
- Other: $4,958
- Compensation: $0
- Related: $58,163
- Other: $1,874
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $58,163
- Other: $924
- Compensation: $0
- Related: $61,913
- Other: $696
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,998
- Other: $2,875
- Compensation: $0
- Related: $166,806
- Other: $33,202
- Compensation: $0
- Related: $148,008
- Other: $14,646
- Compensation: $0
- Related: $106,047
- Other: $32,555
Where can I find the form 990 for North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments?
North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments
North Brunswick UAW Housing Corporation, operating under the name Martin Gerber Apartments, is committed to serving a public purpose. Its primary mission is to provide and promote affordable housing opportunities for low-income disabled or senior citizens in New Jersey. The organization adheres to a state policy that allows for the incorporation of non-profit entities to develop and operate affordable housing communities. By continuing to operate the housing community, North Brunswick UAW Housing Corporation demonstrates its dedication to fulfilling this mission and making a positive impact in the lives of those in need.
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Impact
October, 2024
North Brunswick UAW Housing Corporation plays a vital role in addressing the affordable housing crisis in New Jersey, particularly for low and moderate-income seniors and individuals with disabilities. By offering subsidized housing options, it empowers these vulnerable populations, ensuring they have access to safe and stable living environments that align with their financial capabilities.
The organization strictly adheres to eligibility criteria based on income, disability status, and citizenship, which guarantees that assistance is directed toward those who need it most. This careful screening process not only mitigates socioeconomic disparities but also enhances the quality of life for its residents, fostering a sense of community and belonging.
Additionally, by working within the frameworks established by the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (HMFA), North Brunswick UAW Housing Corporation ensures compliance with federal and state laws while effectively utilizing available resources to serve its community. Its commitment to promoting affordable housing significantly contributes to social equity and the overall well-being of New Jersey's most vulnerable citizens.
This information is meant to be a general summary of North Brunswick Uaw Housing Corporation Dba Martin Gerber Apartments. 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: $9,068
- Program Service Revenue: $886,370
- Gross Receipts: $4,195,044
Assets and Liabilities:
- Total Assets: $8,971,800
- Total Liabilities: $4,181,368
- Net Assets: $4,790,432
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$801,687
OTHER REVENUE
Revenue
$84,683
Organization Details
Founding Year
1995
Phone
(732) 640-2088Principal Officer
Joe Latoof
Main Address
88 HUNTINGTON STREET, NEW BRUNSWICK, NJ, 08901
NTEE Category
Code: T20I - Philanthropy
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