Overview
What is Eatontown Senior Housing Corporation?
Eatontown Senior Housing Corporation is a dedicated nonprofit organization with a commendable mission. They specialize in constructing and managing a Senior citizen Housing complex, comprising 197 units, in adherence to the guidelines set by the New Jersey Housing & Finance Agency. The primary goal of this esteemed organization is to cater to the housing needs of the elderly population, providing them with affordable and comfortable living spaces, thereby promoting community and social well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Eatontown Senior Housing Corporation has received an overall rating of 82% from Charity Navigator, which reflects a strong performance in accountability and finance. This rating is solely based on financial metrics, indicating that the organization has a robust financial foundation and high accountability standards. The absence of any material diversion of assets and a strong program expense ratio suggest that the charity is effectively utilizing its resources to serve its mission.
The organization boasts a fully independent board, which enhances its governance and decision-making processes. With 11 independent board members and full scores in board size and meeting documentation, it demonstrates a commitment to transparency and ethical oversight. The effective audit and oversight practices further reinforce trust in its financial management.
While the charity scores well in various financial aspects, the focus remains primarily on accountability and finance, with no additional data on programmatic impacts or community engagement. Stakeholders may benefit from more information related to the outcomes of its services to understand the broader effectiveness of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Eatontown Senior Housing Corporation legitimate?
Eatontown Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eatontown Senior Housing Corporation 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: $337,040
For more financial information, click here
What is the mission statement of Eatontown Senior Housing Corporation?
The Eatontown Senior Housing Corporation, in its mission, constructs a housing complex comprising 197 units, adhering to the guidelines set by the New Jersey Housing & Finance Agency. The primary objective of this organization is to provide affordable housing for the elderly individuals who are income-constrained. This initiative aims to ensure that the elderly population has access to suitable living spaces, thus enhancing their quality of life.
Who is the CEO of Eatontown Senior Housing Corporation?
Ralph Anderson is the President of Eatontown Senior Housing Corporation.
What is the revenue of Eatontown Senior Housing Corporation?
Eatontown Senior Housing Corporation's revenue in 2022 was $3,882,572.
Who are the executives of Eatontown Senior Housing Corporation and what are their salaries?
The average compensation at Eatontown Senior Housing Corporation during 2022 was $37,449. There are 9 employees and 11 volunteers at Eatontown Senior Housing Corporation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Eatontown Senior Housing Corporation?
Eatontown Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eatontown Senior Housing Corporation
Eatontown Senior Housing Corporation, as its mission statement suggests, is dedicated to constructing a Senior citizen Housing complex comprising 197 units. This nonprofit organization operates with the primary objective of providing affordable housing solutions for the elderly who fall under the low-income bracket. The construction of this housing complex is carried out in alignment with the guidelines set by the New Jersey Housing & Finance Agency. This initiative by Eatontown Senior Housing Corporation is a significant contribution towards ensuring that the elderly have access to safe and affordable living spaces, thereby enhancing their quality of life.
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Impact
October, 2024
Eatontown Senior Housing Corporation plays a significant role in addressing the housing needs of the elderly population in Eatontown, NJ. By constructing a senior citizen housing complex comprising 197 units, the organization directly contributes to improving the quality of life for low-income seniors. This initiative ensures that elderly residents have access to affordable housing, fostering a sense of community and stability.
The complex, developed in accordance with the New Jersey Housing and Finance Agency guidelines, is designed to meet the specific needs of older adults. By providing safe, accessible, and affordable living environments, Eatontown Senior Housing Corporation enhances the well-being of its residents, allowing them to age in place comfortably. Furthermore, this initiative helps reduce homelessness and housing insecurity among vulnerable seniors, positively impacting the local community and economy. Through its mission, the organization not only addresses essential housing needs but also promotes social inclusion and support for the elderly.
This information is meant to be a general summary of Eatontown Senior Housing Corporation. 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: $329,706
- Program Service Revenue: $3,543,678
- Gross Receipts: $3,882,572
Assets and Liabilities:
- Total Assets: $14,344,679
- Total Liabilities: $328,371
- Net Assets: $14,016,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 SUBSIDY
Revenue
$2,772,061
DWELLING UNIT RENTAL
Revenue
$771,617
Organization Details
Founding Year
1979
Phone
(732) 542-6702Principal Officer
Ralph Anderson
Main Address
55 WYCKOFF ROAD, EATONTOWN, NJ, 07724
NTEE Category
Code: L22Z - Housing
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