Overview
What is Clifton Senior Housing Corp Co Crest Management Services Inc?
Clifton Senior Housing Corp Co Crest Management Services Inc is a nonprofit organization situated in Clifton, New Jersey. Their primary mission is to offer subsidized rental apartments for elderly and handicapped individuals, providing them with a safe and affordable living space. This mission is carried out through their core activity, which involves managing rental apartments specifically designed for this demographic. The organization's location at 50 MT Prospect Avenue in Clifton, New Jersey, further underscores its commitment to serving the community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 1-Star out of Four Stars (52%)
Clifton Senior Housing Corp Co Crest Management Services Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board of directors, it fails to provide essential financial documentation, which has severely impacted its score. The absence of financial statements and several governance policies raises questions about transparency and adherence to best practices.
On a positive note, the organization does have a high program expense ratio of 84.55%, suggesting that a substantial portion of its funds is allocated directly to its programs rather than administrative costs. This commitment to programmatic spending indicates that the organization is focused on delivering services to its constituents. However, the liabilities to assets ratio of 176.27% is particularly concerning, as it suggests potential financial instability.
Overall, while Clifton Senior Housing Corp Co Crest Management Services Inc demonstrates some strengths in governance structure and program spending, the lack of financial transparency and essential policies significantly undermines its credibility and effectiveness. Stakeholders may want to exercise caution and seek further information before supporting this nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Clifton Senior Housing Corp Co Crest Management Services Inc legitimate?
Clifton Senior Housing Corp Co Crest Management Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clifton Senior Housing Corp Co Crest Management Services 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.
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What is the mission statement of Clifton Senior Housing Corp Co Crest Management Services Inc?
Clifton Senior Housing Corp Co, in partnership with Crest Management Services Inc, is committed to providing subsidized rental apartments for the elderly and handicapped individuals. Their mission is centered around ensuring affordable housing options for these vulnerable populations, aiming to enhance their quality of life and provide them with a comfortable living environment. The corporation's activities revolve around offering subsidized rental apartments, thereby providing a crucial support system for these individuals, enabling them to maintain their independence and dignity.
Who is the CEO of Clifton Senior Housing Corp Co Crest Management Services Inc?
Albert Greco is the Treasurer of Clifton Senior Housing Corp Co Crest Management Services Inc.
What is the revenue of Clifton Senior Housing Corp Co Crest Management Services Inc?
Clifton Senior Housing Corp Co Crest Management Services Inc's revenue in 2022 was $2,369,983.
Who are the executives of Clifton Senior Housing Corp Co Crest Management Services Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Clifton Senior Housing Corp Co Crest Management Services Inc?
Clifton Senior Housing Corp Co Crest Management Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clifton Senior Housing Corp Co Crest Management Services Inc
Clifton Senior Housing Corp Co Crest Management Services Inc is dedicated to providing subsidized rental apartments for elderly and handicapped individuals. This nonprofit organization's mission is to create an environment where these individuals can live comfortably and independently. By offering subsidized housing, Clifton Senior Housing Corp Co Crest Management Services Inc aims to alleviate the financial burden often associated with housing for this population. This allows seniors and individuals with disabilities to focus on their health and well-being, rather than worrying about their living expenses. The organization's mission is a critical contribution to ensuring that these often vulnerable individuals have access to safe and affordable housing.
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Impact
October, 2024
Clifton Senior Housing Corp Co Crest Management Services Inc plays a vital role in the community by providing subsidized rental apartments for elderly and handicapped individuals. This organization addresses the critical need for affordable housing options, ensuring that vulnerable populations have access to safe and suitable living conditions. By focusing on this demographic, the organization contributes to improved quality of life, allowing residents to maintain their independence and dignity.
The impact of their work extends beyond individual housing units; it fosters a sense of community among residents, offering social support and engagement opportunities. By alleviating the financial burden of housing costs, Clifton Senior Housing enhances the overall well-being of its residents, promoting mental and physical health. Additionally, the presence of such housing initiatives can positively influence the broader community by freeing up market-rate housing for other residents and contributing to the local economy. Overall, Clifton Senior Housing Corp Co Crest Management Services Inc significantly enriches the lives of elderly and handicapped individuals while strengthening the community in Clifton, NJ.
This information is meant to be a general summary of Clifton Senior Housing Corp Co Crest Management Services 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: $1,040
- Program Service Revenue: $2,287,940
- Gross Receipts: $2,369,983
Assets and Liabilities:
- Total Assets: $4,221,009
- Total Liabilities: $7,625,421
- Net Assets: -$3,404,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$715,332
TENANT ASSISTANCE PAYMENTS
Revenue
$1,572,608
Organization Details
Founding Year
1982
Phone
(973) 778-8533Principal Officer
Albert Greco
Main Address
50 MT PROSPECT AVENUE, CLIFTON, NJ, 07013
NTEE Category
Code: L22Z - Housing
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