Overview
What is Spotswood Reformed Church Senior Citizens Housing Corp?
Spotswood Reformed Church Senior Citizens Housing Corp is a nonprofit organization situated in Spotswood, New Jersey, specifically at 250 Crescent Avenue. Their primary mission is to provide affordable housing facilities for low-income and handicapped citizens, adhering to the guidelines of their HUD contract, number 031-11066. This dedicated organization, with a workforce of 11 individuals, is committed to contributing to the community by offering housing solutions that cater to the needs of underprivileged citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%
Spotswood Reformed Church Senior Citizens Housing Corp holds a Three-Star out of Four Star rating from Charity Navigator, indicating a solid level of accountability and financial management. The organization's strengths lie in its governance structure, with a 100% independent board and effective oversight through an Audit and Oversight Committee. Additionally, it has policies in place for conflict of interest, whistleblower protection, and document management, which contribute positively to its transparency.
The charity demonstrates a strong program expense ratio of 87.97%, suggesting that a significant portion of its funds is directed toward its mission. However, it has a high liabilities to assets ratio of 133.28%, which may raise concerns about its financial stability and ability to meet its obligations. This aspect could be a limitation for potential donors or supporters who prioritize financial health in their evaluations.
Overall, while the organization showcases commendable governance practices and a commitment to mission-focused spending, the financial stability indicated by its liabilities may warrant further scrutiny. Prospective donors should consider these factors when assessing their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Spotswood Reformed Church Senior Citizens Housing Corp legitimate?
Spotswood Reformed Church Senior Citizens Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spotswood Reformed Church 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: $213,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $530,041
For more financial information, click here
What is the mission statement of Spotswood Reformed Church Senior Citizens Housing Corp?
Spotswood Reformed Church Senior Citizens Housing Corp is committed to providing affordable housing for low-income and handicapped individuals. They adhere to the guidelines set by the HUD Contract 031-11066, ensuring their services meet these standards. Their primary objective is to offer housing solutions that cater to this specific group of individuals, thereby contributing to their well-being and providing them with a secure living environment.
Who is the CEO of Spotswood Reformed Church Senior Citizens Housing Corp?
Ken Van Wageninge is the Trustee of Spotswood Reformed Church Senior Citizens Housing Corp.
What is the revenue of Spotswood Reformed Church Senior Citizens Housing Corp?
Spotswood Reformed Church Senior Citizens Housing Corp's revenue in 2022 was $2,542,732.
Who are the executives of Spotswood Reformed Church Senior Citizens Housing Corp and what are their salaries?
The average compensation at Spotswood Reformed Church Senior Citizens Housing Corp during 2022 was $67,626. There are 11 employees and 3 volunteers at Spotswood Reformed Church Senior Citizens Housing Corp.
Here are 11 key members and their salaries:
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- Compensation: $151,232
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- Other: $31,307
- Compensation: $108,954
- Related: $0
- Other: $43,142
Where can I find the form 990 for Spotswood Reformed Church Senior Citizens Housing Corp?
Spotswood Reformed Church Senior Citizens Housing Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spotswood Reformed Church Senior Citizens Housing Corp
Spotswood Reformed Church Senior Citizens Housing Corp is dedicated to providing affordable housing solutions for low-income and handicapped individuals. In accordance with their HUD contract number 031-11066, this nonprofit organization strives to ensure that suitable living spaces are made available to those who require them the most. By fulfilling this mission, Spotswood Reformed Church Senior Citizens Housing Corp contributes to the betterment of the community by providing a vital service to those in need.
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Impact
October, 2024
Spotswood Reformed Church Senior Citizens Housing Corp plays a crucial role in enhancing the quality of life for low-income and handicapped citizens in the community. By providing low rental housing that complies with HUD regulations, the organization ensures that vulnerable populations have access to safe and affordable living arrangements.
This initiative not only addresses immediate housing needs but also fosters a sense of community and security among residents. By alleviating the financial burden of housing costs, residents can allocate their limited resources towards essential needs such as healthcare, nutrition, and social activities, thus promoting overall well-being. Additionally, the focus on compliance with HUD standards ensures that the facilities meet safety and accessibility requirements, further supporting a dignified living environment for those it serves.
In summary, Spotswood Reformed Church Senior Citizens Housing Corp significantly impacts the community by providing essential housing solutions that empower low-income and handicapped individuals, resulting in improved life circumstances and enhanced community connection.
This information is meant to be a general summary of Spotswood Reformed Church 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: $1,861
- Program Service Revenue: $2,353,625
- Gross Receipts: $2,542,732
Assets and Liabilities:
- Total Assets: $2,408,277
- Total Liabilities: $3,635,518
- Net Assets: -$1,227,241
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD - RENTAL ASSISTANC
Revenue
$1,847,769
TENANT RENTS
Revenue
$502,856
LAUNDRY REVENUE
Revenue
$3,000
Organization Details
Founding Year
1976
Phone
(732) 251-3242Principal Officer
Ken Van Wageninge
Main Address
250 CRESCENT AVE, SPOTSWOOD, NJ, 08884
NTEE Category
Code: L220 - Housing
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