Overview
What is Shalom Towers Inc C/O Community Realty Management Inc?
Shalom Towers Inc C/O Community Realty Management Inc is a nonprofit organization situated in Ventnor, New Jersey, specifically at 7301 Marshall Avenue. Their primary mission is to offer decent and affordable housing for low-income elderly and disabled individuals on a non-profit basis. With a small workforce of 11 employees, they strive to provide essential housing solutions for those in need, contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Shalom Towers Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization demonstrates strong financial accountability with a high program expense ratio of 81.55%, allowing a significant portion of its funds to support its mission. Additionally, it boasts a fully independent board, which is a positive aspect in terms of governance.
However, the organization has several notable weaknesses that have impacted its overall score. These include a lack of a conflict of interest policy, missing documents related to its website on the tax form, and deficiencies in its document retention and destruction policies. The liabilities to assets ratio is also concerning, as it stands at 169.03%, signaling potential financial instability.
Overall, while Shalom Towers Inc shows promise with its strong governance and program expenditures, it must address its policy gaps and financial ratios to enhance its accountability and transparency in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Shalom Towers Inc C/O Community Realty Management Inc legitimate?
Shalom Towers Inc C/O Community Realty Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shalom Towers Inc C/O Community Realty Management 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $482,718
For more financial information, click here
What is the mission statement of Shalom Towers Inc C/O Community Realty Management Inc?
Shalom Towers Inc C/O Community Realty Management Inc is committed to providing decent and affordable housing for low-income elderly and disabled individuals on a non-profit basis. Their mission is to ensure that this vulnerable group has access to suitable living arrangements, promoting a sense of dignity and security. They operate with a strong focus on community service, aiming to make a positive impact in people's lives by providing them with a place they can call home. The organization's efforts are driven by a belief in social responsibility, working towards a more inclusive and equitable society.
Who is the CEO of Shalom Towers Inc C/O Community Realty Management Inc?
Yale Steingard is the Trustee of Shalom Towers Inc C/O Community Realty Management Inc.
What is the revenue of Shalom Towers Inc C/O Community Realty Management Inc?
Shalom Towers Inc C/O Community Realty Management Inc's revenue in 2022 was $2,547,271.
Who are the executives of Shalom Towers Inc C/O Community Realty Management Inc and what are their salaries?
The average compensation at Shalom Towers Inc C/O Community Realty Management Inc during 2022 was $43,883. There are 11 employees at Shalom Towers Inc C/O Community Realty Management Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Shalom Towers Inc C/O Community Realty Management Inc?
Shalom Towers Inc C/O Community Realty Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shalom Towers Inc C/O Community Realty Management Inc
Shalom Towers Inc C/O Community Realty Management Inc is committed to providing decent and affordable housing for low-income elderly and disabled individuals on a non-profit basis. This organization's mission is to ensure that those who are financially constrained and require assistance for their housing needs have a reliable and suitable place to live. By operating on a non-profit basis, Shalom Towers Inc C/O Community Realty Management Inc is able to prioritize affordability and accessibility, making it possible for these vulnerable groups to maintain a stable living environment. The organization's mission is instrumental in addressing the housing needs of this demographic, thereby contributing to their overall well-being and quality of life.
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Impact
October, 2024
Shalom Towers Inc C/O Community Realty Management Inc plays a crucial role in addressing housing shortages for vulnerable populations, specifically low-income elderly and disabled individuals. By focusing on providing decent and affordable housing, the organization contributes to enhanced living conditions, stability, and quality of life for its residents in Ventnor, NJ. This impact extends beyond mere housing; it fosters community integration and supports the overall well-being of its residents by creating a safe and supportive living environment.
Additionally, by concentrating on low-income groups, Shalom Towers Inc helps alleviate financial stress, allowing residents to allocate their limited resources to essential needs such as healthcare, nutrition, and social activities. This not only promotes independence among elderly and disabled individuals but also encourages a more inclusive community where all members can thrive. Consequently, the organization's efforts play a vital part in promoting social equity and ensuring that those most in need have access to safe, affordable housing options.
This information is meant to be a general summary of Shalom Towers Inc C/O Community Realty Management 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 2022.
- Investment Income: $135
- Program Service Revenue: $2,492,988
- Gross Receipts: $2,547,271
Assets and Liabilities:
- Total Assets: $3,906,732
- Total Liabilities: $6,626,719
- Net Assets: -$2,719,987
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$2,474,795
COMMISSARY REVENUE
Revenue
$18,193
Organization Details
Founding Year
1982
Phone
(609) 646-8861Principal Officer
Yale Steingard
Main Address
7301 MARSHALL AVENUE, VENTNOR, NJ, 08406
NTEE Category
Code: L20Z - Housing
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