Overview
What is Teaneck Senior Citizens Housing Inc?
Teaneck Senior Citizens Housing Inc is a nonprofit organization situated in Teaneck, New Jersey. It specializes in the operation of a low-to-moderate income housing development, providing benefits for approximately 175 senior citizens living in the area. This organization's primary mission is dedicated to managing and maintaining this housing development, ensuring the comfort and well-being of its elderly residents. The nonprofit, with a workforce of eight individuals, plays an essential role in supporting the senior community of Teaneck, New Jersey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Teaneck Senior Citizens Housing Inc has achieved a solid rating of 82%, reflecting a strong emphasis on accountability and financial integrity. The organization stands out with 100% of its board members being independent, which signifies a commitment to unbiased governance. This independence, coupled with a robust audit and oversight committee, highlights the nonprofit's dedication to maintaining transparent financial practices.
The charity's financial health is noteworthy, with a low liabilities to assets ratio of 4.09%, indicating effective management of resources. The organization allocates all of its expenses towards programs, achieving a perfect program expense ratio. This demonstrates a clear focus on fulfilling its mission to support senior citizens in the community.
Despite these strengths, the single beacon score indicates that the overall rating is exclusively based on accountability and finance metrics. While this provides valuable insights into the organization's governance and financial stability, it may not reflect other aspects such as programmatic impact or community engagement. Overall, Teaneck Senior Citizens Housing Inc shows a commendable level of financial responsibility, appealing to donors who prioritize transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Teaneck Senior Citizens Housing Inc legitimate?
Teaneck Senior Citizens Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teaneck Senior Citizens Housing 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $486,286
For more financial information, click here
What is the mission statement of Teaneck Senior Citizens Housing Inc?
Teaneck Senior Citizens Housing Inc's mission revolves around operating a low to moderate housing development, benefiting approximately 175 senior citizens. The primary objective of this organization is to manage and maintain this housing facility, providing a suitable living environment for the senior population. By operating this housing development, the organization aims to contribute positively to the lives of these seniors, enhancing their quality of life. The operation of this housing development is a significant endeavor, ensuring that senior citizens have access to safe, comfortable, and affordable housing options.
Who is the CEO of Teaneck Senior Citizens Housing Inc?
Levonne Turner is the President of Teaneck Senior Citizens Housing Inc.
What is the revenue of Teaneck Senior Citizens Housing Inc?
Teaneck Senior Citizens Housing Inc's revenue in 2022 was $3,293,115.
Who are the executives of Teaneck Senior Citizens Housing Inc and what are their salaries?
The average compensation at Teaneck Senior Citizens Housing Inc during 2022 was $60,786. There are 8 employees at Teaneck Senior Citizens Housing Inc.
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Where can I find the form 990 for Teaneck Senior Citizens Housing Inc?
Teaneck Senior Citizens Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teaneck Senior Citizens Housing Inc
Teaneck Senior Citizens Housing Inc is dedicated to operating a low to moderate housing development, providing a beneficial living environment for approximately 175 senior citizens. This organization's mission is centered around managing this housing development, ensuring the well-being and comfort of its elderly residents. The operation of this housing development serves as a vital resource for these senior citizens, offering them a secure and supportive community.
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Impact
October, 2024
Teaneck Senior Citizens Housing Inc plays a crucial role in providing affordable housing for approximately 175 senior citizens in Teaneck, New Jersey. By operating a low to moderate housing development, it ensures that older residents have access to safe and secure living environments that cater to their specific needs. This initiative not only addresses the housing challenges that many seniors face but also fosters a sense of community among residents. The development promotes social interaction and support networks, enhancing the overall quality of life for seniors in the area. Ultimately, Teaneck Senior Citizens Housing Inc contributes significantly to the well-being and stability of its residents, making a positive impact on the community as a whole.
This information is meant to be a general summary of Teaneck Senior Citizens Housing 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: $49,930
- Program Service Revenue: $868,812
- Gross Receipts: $3,293,115
Assets and Liabilities:
- Total Assets: $10,173,161
- Total Liabilities: $408,561
- Net Assets: $9,764,600
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$852,762
Garage and Parking
Revenue
$16,050
Organization Details
Founding Year
1978
Principal Officer
Levonne Turner
Main Address
5 DOGWOOD LANE, Teaneck, NJ, 07666
NTEE Category
Code: L220 - Housing
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