Overview
What is Foresight Affordable Housing-Pennsv?
Foresight Affordable Housing-Pennsv is a nonprofit organization located at 6601 Ventnor Avenue Suite 23, Ventnor, New Jersey 08406. Their primary mission is to maintain and enhance housing facilities for individuals residing in HUD Project 035-EH016. Through HUD grants, such as NJ39CS9700200, they provide housing assistance tailored to meet the unique needs of the project's inhabitants. This support aims to ensure that the housing facilities cater adequately to their residents, enhancing their overall living conditions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Foresight Affordable Housing-Pennsv has received a score of 79%, resulting in a Three-Star rating from Charity Navigator. This rating reflects strong accountability and financial practices, as it is calculated entirely from the Accountability & Finance beacon, where the organization scored well in various governance and financial metrics.
The organization demonstrates significant strengths, including a fully independent board and robust financial oversight mechanisms. With a program expense ratio of 96.42%, it shows a commitment to directing resources towards its mission. Additionally, Foresight Affordable Housing has comprehensive policies in place, such as conflict of interest and whistleblower policies, which enhance its accountability.
However, a notable limitation is the organization's liabilities to assets ratio of 260.05%, indicating potential financial risk that could affect its stability and sustainability. Overall, while Foresight Affordable Housing demonstrates strong governance and financial management, stakeholders should be aware of the high liability level.
This AI summary has been generated from information found on Charity Navigator.
Is Foresight Affordable Housing-Pennsv legitimate?
Foresight Affordable Housing-Pennsv is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foresight Affordable Housing-Pennsv 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: $222,101
For more financial information, click here
What is the mission statement of Foresight Affordable Housing-Pennsv?
Foresight Affordable Housing-Pennsv's mission is centered around maintaining and providing housing facilities and services, specifically tailored to the unique needs of its inhabitants, through the utilization of housing assistance provided by HUD (Housing and Urban Development). Their objective is to ensure that the housing facilities and services they offer meet the specific requirements of the residents living in HUD Project 035-EH016. They receive support for this mission through a HUD Service Coordinator grant with the grant number NJ39CS9700200.
Who is the CEO of Foresight Affordable Housing-Pennsv?
Donald Reape is the President of Foresight Affordable Housing-Pennsv.
What is the revenue of Foresight Affordable Housing-Pennsv?
Foresight Affordable Housing-Pennsv's revenue in 2022 was $1,551,863.
Who are the executives of Foresight Affordable Housing-Pennsv and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $82,117
- Other: $13,626
- Compensation: $0
- Related: $33,392
- Other: $13,632
- Compensation: $0
- Related: $17,829
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
- Compensation: $0
- Related: $2,000
- Other: $0
Where can I find the form 990 for Foresight Affordable Housing-Pennsv?
Foresight Affordable Housing-Pennsv's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foresight Affordable Housing-Pennsv
Foresight Affordable Housing-Pennsv is committed to maintaining and providing housing facilities and services to individuals who reside in HUD Project 035-EH016. The organization's mission is centered around meeting the unique needs of these inhabitants through housing assistance provided by HUD. By doing so, Foresight Affordable Housing-Pennsv aims to create an environment that caters to the specific requirements of its residents, ultimately enhancing their living conditions. The service coordinator for this endeavor is funded by a HUD grant with the grant number NJ39CS9700200, further emphasizing the organization's dedication to this cause.
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Impact
October, 2024
Foresight Affordable Housing-Pennsv plays a crucial role in providing essential housing services to the residents of HUD Project 035-EH016 in Ventnor, NJ. By facilitating housing assistance through partnerships with HUD, the initiative ensures that the specific needs of its inhabitants are effectively met, enhancing their quality of life.
The service coordinator funded by HUD grant NJ39CS9700200 offers tailored support to residents, helping them navigate housing resources and ensuring they have access to necessary services. This commitment to maintaining and improving housing facilities fosters a more stable living environment, which can positively impact community wellness, security, and social cohesion.
By addressing the housing challenges faced by vulnerable populations, Foresight Affordable Housing-Pennsv not only provides shelter but also promotes dignity and stability for its residents, ultimately contributing to stronger and healthier communities.
This information is meant to be a general summary of Foresight Affordable Housing-Pennsv. 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: $570
- Program Service Revenue: $1,509,424
- Gross Receipts: $1,551,863
Assets and Liabilities:
- Total Assets: $2,795,136
- Total Liabilities: $6,890,314
- Net Assets: -$4,095,178
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
202 RENTAL INCOME
Revenue
$1,460,410
OTHER PROGRAM INCOME
Revenue
$49,014
Organization Details
Founding Year
1979
Phone
(856) 596-0500Principal Officer
Donald Reape
Main Address
6601 VENTNOR AVENUE SUITE 23, VENTNOR, NJ, 08406
NTEE Category
Code: L21 - Housing
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