Overview
What is Monmouth Council No 9 Civil Service Assoc Housing Corporation?
Monmouth Council No 9 Civil Service Assoc Housing Corporation is a nonprofit organization situated in Asbury Park, New Jersey. They are dedicated to addressing the housing needs of individuals with limited financial resources by operating a low to moderate income housing project. This project provides accommodation for 220 tenant units, serving as an affordable housing solution. The organization's mission is to expand the availability of affordable housing options, aiming to make a positive impact on the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Monmouth Council No 9 Civil Service Assoc Housing Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The high score is derived from a single beacon score, emphasizing their financial health and operational transparency. With 100% of board members being independent, the organization demonstrates robust governance practices.
The organization excels in several areas, including an outstanding audit and oversight committee. They have no reported material diversion of assets, and their financial policies, such as conflict of interest and whistleblower protections, are well established. Additionally, the ratio of program expenses is commendably high at 82.21%, indicating a strong focus on mission-related activities.
While the data paints a positive picture of Monmouth Council No 9, ongoing evaluation of their programs and outcomes could provide more insight into their overall impact in the community. Nonetheless, the existing financial practices and governance structure suggest a reliable and effective organization.
This AI summary has been generated from information found on Charity Navigator.
Is Monmouth Council No 9 Civil Service Assoc Housing Corporation legitimate?
Monmouth Council No 9 Civil Service Assoc Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monmouth Council No 9 Civil Service Assoc 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: $0
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What is the mission statement of Monmouth Council No 9 Civil Service Assoc Housing Corporation?
The Monmouth Council No 9 Civil Service Assoc Housing Corporation is dedicated to providing a mission centered around affordable housing. Their primary objective is to offer housing options for individuals with limited financial means. Through their low to moderate income housing project, they strive to make housing accessible to a significant number of tenants. This housing corporation plays a crucial role in addressing the housing needs of those who may otherwise struggle to secure suitable accommodations.
Who is the CEO of Monmouth Council No 9 Civil Service Assoc Housing Corporation?
Peter Avakian is the President of Monmouth Council No 9 Civil Service Assoc Housing Corporation.
What is the revenue of Monmouth Council No 9 Civil Service Assoc Housing Corporation?
Monmouth Council No 9 Civil Service Assoc Housing Corporation's revenue in 2022 was $4,550,784.
Who are the executives of Monmouth Council No 9 Civil Service Assoc Housing Corporation and what are their salaries?
There 5 volunteers at Monmouth Council No 9 Civil Service Assoc Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Monmouth Council No 9 Civil Service Assoc Housing Corporation?
Monmouth Council No 9 Civil Service Assoc Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Monmouth Council No 9 Civil Service Assoc Housing Corporation
Monmouth Council No 9 Civil Service Assoc Housing Corporation is dedicated to providing affordable housing options for individuals with limited financial means. This nonprofit organization operates a low to moderate income housing project, offering accommodation for 220 tenant units. The primary mission of Monmouth Council No 9 Civil Service Assoc Housing Corporation is to create a conducive living environment for individuals who may struggle financially, ensuring they have a place to call home. By providing affordable housing, this organization contributes to the overall well-being of the community, enabling individuals to focus on other aspects of their lives, such as education, employment, and personal development.
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Impact
October, 2024
Monmouth Council No 9 Civil Service Assoc Housing Corporation significantly impacts the community by providing essential affordable housing options in Asbury Park, NJ. By developing a low to moderate-income housing project with 220 tenant units, it addresses the urgent need for accessible housing among individuals and families with limited financial means. This initiative not only enhances the quality of life for residents but also contributes to the stability and growth of the local community. Affordable housing plays a crucial role in reducing homelessness, fostering economic stability, and promoting a diverse and inclusive environment. Through its efforts, the organization helps to create a sustainable community where individuals can thrive.
This information is meant to be a general summary of Monmouth Council No 9 Civil Service Assoc 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: $116,622
- Program Service Revenue: $4,276,820
- Gross Receipts: $4,597,684
Assets and Liabilities:
- Total Assets: $14,185,434
- Total Liabilities: $203,082
- Net Assets: $13,982,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8
Revenue
$3,117,548
APARTMENT RENTS
Revenue
$1,243,734
INSURANCE REIMBURSEMEN
Revenue
$278,649
VACANCY ADJUSTMENTS
Revenue
-$363,111
Organization Details
Founding Year
1980
Phone
(732) 774-3022Principal Officer
Peter Avakian
Main Address
206-220 FIRST AVE, ASBURY PARK, NJ, 077126231
NTEE Category
Code: L30 - Housing
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