Overview
What is Pequannock Township Senior Citizens Housing Corp?
Pequannock Township Senior Citizens Housing Corp is a nonprofit organization located in Pequannock, New Jersey. Its primary mission is to offer affordable housing for senior citizens who are financially disadvantaged. This retirement home or senior housing program is dedicated to providing a living space for this specific demographic, aiming to enhance their quality of life. The organization's purpose remains to ensure that elderly individuals have access to suitable housing accommodations within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Pequannock Township Senior Citizens Housing Corp has received a Three-Star rating from Charity Navigator, indicating a solid performance in various areas of accountability and finance. With an overall score of 82%, the organization demonstrates strong governance practices, including a fully independent board of directors and meticulous oversight of financial statements.
The charity excels in its financial management, showcasing a program expense ratio of 100%, which means that all of its resources are dedicated to its programs. Additionally, the organization has no reported material diversion of assets, reflecting a commitment to integrity and proper use of funds. The organization's low liabilities to assets ratio of 1.23% further indicates its financial stability.
While the organization shows strengths in its governance and financial practices, the Three-Star rating suggests there may be opportunities for improvement in other areas that could enhance overall performance. Nonetheless, the commitment to accountability is evident through their rigorous adherence to best practices in financial oversight and board governance.
This AI summary has been generated from information found on Charity Navigator.
Is Pequannock Township Senior Citizens Housing Corp legitimate?
Pequannock Township Senior Citizens Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pequannock Township Senior Citizens Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,919
For more financial information, click here
What is the mission statement of Pequannock Township Senior Citizens Housing Corp?
The Pequannock Township Senior Citizens Housing Corp is committed to providing low-income housing for senior citizens. This organization operates with a mission to serve this particular demographic, ensuring they have suitable living accommodations. By offering such housing, the corporation aims to contribute positively to the well-being and comfort of senior citizens in need. This retirement home or senior housing program is dedicated to making a difference in the lives of its residents, providing them with a secure and affordable living environment.
Who is the CEO of Pequannock Township Senior Citizens Housing Corp?
Art Schmidt is the President of Pequannock Township Senior Citizens Housing Corp.
What is the revenue of Pequannock Township Senior Citizens Housing Corp?
Pequannock Township Senior Citizens Housing Corp's revenue in 2022 was $2,371,790.
Who are the executives of Pequannock Township Senior Citizens Housing Corp and what are their salaries?
The average compensation at Pequannock Township Senior Citizens Housing Corp during 2022 was $43,984. There are 5 employees at Pequannock Township Senior Citizens Housing Corp.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Pequannock Township Senior Citizens Housing Corp?
Pequannock Township Senior Citizens Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pequannock Township Senior Citizens Housing Corp
Pequannock Township Senior Citizens Housing Corp is a dedicated organization that focuses on providing low-income housing for senior citizens. In line with its mission, the corporation aims to offer a retirement home or senior housing program that caters to the needs of elderly individuals who may be financially challenged. The primary goal of this non-profit entity is to ensure that senior citizens have access to suitable housing, thereby enhancing their quality of life during their golden years. By offering affordable housing options, Pequannock Township Senior Citizens Housing Corp plays a significant role in supporting senior citizens and enabling them to age with dignity and independence.
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Impact
October, 2024
Pequannock Township Senior Citizens Housing Corp significantly impacts the community by providing low-income housing specifically designed for senior citizens. This initiative addresses a critical need for affordable housing options, ensuring that older adults can maintain their independence and dignity in a supportive environment. The availability of housing apartments tailored for seniors fosters a sense of community and belonging among residents, while also alleviating the financial burden often faced by this demographic. By focusing on affordable options, the organization contributes to the overall well-being of senior citizens in Pequannock, NJ, facilitating an improved quality of life for its residents.
This information is meant to be a general summary of Pequannock Township Senior Citizens Housing 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: $2,219
- Program Service Revenue: $1,102,451
- Gross Receipts: $2,371,790
Assets and Liabilities:
- Total Assets: $15,849,751
- Total Liabilities: $205,405
- Net Assets: $15,644,346
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW INCOME RENTALS
Revenue
$1,102,451
Organization Details
Founding Year
1978
Principal Officer
Art Schmidt
Main Address
101 BOULEVARD, Pequannock, NJ, 07440
NTEE Category
Code: L22 - Housing
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