Overview
What is South Brunswick Community Dev Corp?
South Brunswick Community Development Corporation is a nonprofit organization situated in Kendall Park, New Jersey. The primary focus of this organization is the ownership and operation of a low-income housing project, designed specifically for the elderly and disabled. This project, which consists of 84 units, provides a safe and comfortable living environment for income-eligible individuals. The organization's mission is to foster a caring community within this housing project, ensuring the well-being of its residents. With a small workforce of 9 dedicated employees, South Brunswick Community Development Corporation is committed to offering vital housing solutions for the elderly and disabled population.
Official website here: www.southbrunswickseniorhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating. This rating indicates that South Brunswick Community Dev Corp has demonstrated a solid level of performance in its accountability and financial management. The organization has particularly excelled in maintaining an independent board, with 100% of its members being independent, as well as achieving full scores in several key governance areas including audit oversight and conflict of interest policies.
The nonprofit's financial practices are commendable, with a program expense ratio of 78.81%, meaning that a significant portion of its funding goes directly towards its programs. This efficiency reflects a strong commitment to utilizing resources effectively for its mission. The organization also has listed policies for whistleblower protection and document retention, which further strengthen its governance.
While the charity has received good marks in various areas, it is always important for potential donors and supporters to consider how these ratings translate into real-world impact. The three-star rating indicates that while the organization is performing well, there may still be areas for improvement in order to reach higher levels of recognition and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is South Brunswick Community Dev Corp legitimate?
South Brunswick Community Dev Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Brunswick Community Dev Corp 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: $67,562
Professional Fundraising Fees: $0
Other Salaries and Wages: $218,981
For more financial information, click here
Official website here: www.southbrunswickseniorhousing.org
What is the mission statement of South Brunswick Community Dev Corp?
The South Brunswick Community Development Corporation's mission is centered around providing housing for income-eligible elderly and disabled individuals. Specifically, the organization operates a low-income multi-family housing project, consisting of 84 units, with a focus on offering a safe and comfortable living environment. The corporation aims to foster a caring community atmosphere, ensuring that its residents feel supported and well-cared for.
Official website here: www.southbrunswickseniorhousing.org
Who is the CEO of South Brunswick Community Dev Corp?
Walter Runyon is the President of South Brunswick Community Dev Corp.
Official website here: www.southbrunswickseniorhousing.org
What is the revenue of South Brunswick Community Dev Corp?
South Brunswick Community Dev Corp's revenue in 2022 was $1,132,633.
Official website here: www.southbrunswickseniorhousing.org
Who are the executives of South Brunswick Community Dev Corp and what are their salaries?
The average compensation at South Brunswick Community Dev Corp during 2022 was $31,838. There are 9 employees at South Brunswick Community Dev Corp.
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- Compensation: $134,498
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- Other: $5,482
Official website here: www.southbrunswickseniorhousing.org
Where can I find the form 990 for South Brunswick Community Dev Corp?
South Brunswick Community Dev Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southbrunswickseniorhousing.org
Learn more at the official website: www.southbrunswickseniorhousing.org
Mission Statement of South Brunswick Community Dev Corp
South Brunswick Community Development Corporation is dedicated to providing safe and comfortable housing for income-eligible seniors and disabled individuals. This nonprofit organization operates a low-income multi-family housing project, which comprises 84 units. By owning and managing this project, South Brunswick Community Development Corporation works tirelessly to create a nurturing community environment for its residents. The mission of this organization is to ensure that elderly and disabled individuals have a place to call home, a place where they can feel secure and well-cared for.
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Impact
October, 2024
South Brunswick Community Dev Corp plays a vital role in enhancing the quality of life for seniors and disabled individuals in Kendall Park, New Jersey. By owning and operating a low-income multi-family housing project, it provides 84 units specifically designed to offer safe and comfortable living spaces for income-eligible residents.
The organization fosters a caring community environment, ensuring that its residents not only have access to affordable housing but also live in a supportive setting tailored to their needs. This initiative addresses critical housing shortages for vulnerable populations, allowing seniors and disabled persons to thrive in a secure and friendly atmosphere. Through its efforts, South Brunswick Community Dev Corp contributes to better living conditions, social cohesion, and overall community well-being.
This information is meant to be a general summary of South Brunswick Community Dev Corp. 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: $47,447
- Program Service Revenue: $1,016,604
- Gross Receipts: $1,144,995
Assets and Liabilities:
- Total Assets: $5,725,816
- Total Liabilities: $6,141,745
- Net Assets: -$415,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDY REVENUE
Revenue
$624,215
TENANT REVENUE
Revenue
$279,655
CONGREGATE SERVICES
Revenue
$107,087
LAUNDRY REVENUE
Revenue
$5,647
Organization Details
Founding Year
1977
Phone
(732) 297-7966Principal Officer
Walter Runyon
Main Address
3424 ROUTE 27, KENDALL PARK, NJ, 08824
NTEE Category
Code: L200 - Housing
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