Overview
What is East Brunswick Community Housing Corporation?
The East Brunswick Community Housing Corporation (EBCHC) is a dedicated nonprofit organization situated in East Brunswick, New Jersey. Established with a mission to provide affordable housing, EBCHC acquires, constructs, maintains, and operates projects to accommodate 67 families with low, moderate, and very low incomes who might struggle to secure decent living spaces otherwise. By offering affordable housing options, EBCHC plays a vital role in promoting equitable living conditions within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The East Brunswick Community Housing Corporation has earned a commendable Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 86% overall, reflecting a robust commitment to transparency and governance, which is critical for donor trust and community support.
A notable strength of the organization is its fully independent board, with all members meeting the criteria for independence. The board's structure and the presence of an Audit and Oversight Committee contribute to effective oversight, ensuring that financial practices align with best standards. Additionally, the organization demonstrates a high program expense ratio of 98.03%, suggesting that most of its funds are directed towards its mission-driven programs rather than administrative costs.
However, while the financial indicators are strong, the rating is derived solely from the Accountability & Finance category. There are no additional performance metrics provided, which may limit a comprehensive understanding of the organization’s overall impact. Nevertheless, the existing data highlights a well-managed nonprofit with a commitment to financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is East Brunswick Community Housing Corporation legitimate?
East Brunswick Community Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Brunswick Community 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.
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What is the mission statement of East Brunswick Community Housing Corporation?
The East Brunswick Community Housing Corporation was established with the mission to acquire, construct, maintain, and operate projects that provide affordable housing for individuals who might otherwise struggle to secure decent housing. This organization's primary goal is to make housing accessible for low-income families, catering to 67 very low, low, and moderate income families. The corporation's activities are dedicated to alleviating housing affordability issues and ensuring that everyone has a roof over their heads.
Who is the CEO of East Brunswick Community Housing Corporation?
Susan Fein is the Trustee of East Brunswick Community Housing Corporation.
What is the revenue of East Brunswick Community Housing Corporation?
East Brunswick Community Housing Corporation's revenue in 2022 was $1,337,575.
Who are the executives of East Brunswick Community Housing Corporation and what are their salaries?
There 13 volunteers at East Brunswick Community Housing Corporation.
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Where can I find the form 990 for East Brunswick Community Housing Corporation?
East Brunswick Community Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of East Brunswick Community Housing Corporation
East Brunswick Community Housing Corporation (EBCHC) was established with a mission to make a significant impact in the housing sector. This nonprofit organization was formed with the primary goal of acquiring, constructing, maintaining, and operating projects that provide affordable housing for individuals who might otherwise struggle to secure decent living spaces. By offering affordable housing options, EBCHC aims to cater to the needs of 67 families falling under the categories of very low, low, and moderate income. The organization's mission is rooted in the belief that everyone deserves a decent place to call home, regardless of their financial situation. By providing affordable housing, EBCHC contributes to the overall well-being and stability of these families, empowering them to focus on other essential aspects of their lives.
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Impact
October, 2024
East Brunswick Community Housing Corporation significantly impacts the community by providing access to affordable housing for 67 very low, low, and moderate-income families in East Brunswick, NJ. By acquiring, constructing, maintaining, and operating housing projects, it ensures that individuals who might otherwise struggle to secure safe and decent housing have viable options. This initiative not only helps to improve the living conditions of families but also promotes social and economic stability within the community, enabling residents to thrive in a supportive environment. Through its efforts, the Corporation addresses critical housing needs, contributing to the overall well-being of East Brunswick's diverse population.
This information is meant to be a general summary of East Brunswick Community 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: $2,703
- Program Service Revenue: $880,059
- Gross Receipts: $1,337,575
Assets and Liabilities:
- Total Assets: $10,074,332
- Total Liabilities: $1,641,656
- Net Assets: $8,432,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$880,059
Organization Details
Founding Year
1978
Phone
(732) 257-1387Principal Officer
Susan Fein
Main Address
PO Box 185, East Brunswick, NJ, 08816
NTEE Category
Code: L20Z - Housing
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