Overview
What is Montclair Senior Housing Corporation?
Montclair Senior Housing Corporation is a nonprofit organization situated in Montclair, New Jersey. Its primary mission is to offer affordable housing solutions to senior citizens and other qualified individuals. Based at 340 Orange Road, this organization strives to make housing accessible for those who may otherwise struggle financially. With a dedicated team of 7 employees, Montclair Senior Housing Corporation is committed to enhancing the living conditions of its community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Montclair Senior Housing Corporation has received a two-star rating from Charity Navigator, with an overall score of 65%. While the organization excels in accountability and finance, scoring a perfect 100%, it faces significant challenges in transparency and governance practices. The presence of a majority independent board and effective financial oversight are commendable strengths, indicating a commitment to responsible financial management.
However, the organization has several areas for improvement that have negatively impacted its rating. Key policies, such as conflict of interest and whistleblower protections, are missing, which raises concerns about governance and ethical standards. Additionally, the failure to provide essential documents, including tax forms on its website and board meeting minutes, further detracts from the organization's transparency.
Despite a high program expense ratio of 94.69%, indicating that a substantial portion of funding is directed toward program activities, the organization's overall effectiveness is hindered by these transparency and policy gaps. Addressing these limitations will be crucial for Montclair Senior Housing Corporation to improve its standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Montclair Senior Housing Corporation legitimate?
Montclair Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair Senior 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: $228,366
For more financial information, click here
What is the mission statement of Montclair Senior Housing Corporation?
Montclair Senior Housing Corporation's mission is centered around providing affordable housing opportunities for senior citizens and qualifying individuals. The organization's primary goal is to ensure that these groups have access to suitable living spaces, thereby enhancing their quality of life. The corporation's activities are geared towards fulfilling this mission, as demonstrated by its history of providing affordable housing solutions. By doing so, the organization aims to contribute positively to the lives of its beneficiaries, promoting dignity and independence in their golden years.
Who is the CEO of Montclair Senior Housing Corporation?
John T Wynn is the President of Montclair Senior Housing Corporation.
What is the revenue of Montclair Senior Housing Corporation?
Montclair Senior Housing Corporation's revenue in 2022 was $2,096,608.
Who are the executives of Montclair Senior Housing Corporation and what are their salaries?
The average compensation at Montclair Senior Housing Corporation during 2022 was $32,624. There are 7 employees at Montclair Senior Housing Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Montclair Senior Housing Corporation?
Montclair Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montclair Senior Housing Corporation
Montclair Senior Housing Corporation, as a nonprofit organization, is dedicated to an essential mission. It strives to make affordable housing accessible for senior citizens and other eligible individuals. By providing such housing, the corporation aims to contribute positively to the lives of these individuals, ensuring they can live with dignity and security. The organization's primary objective is to bridge the gap between the need for affordable housing and its availability, thereby enhancing the living conditions of its beneficiaries.
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Impact
October, 2024
Montclair Senior Housing Corporation significantly impacts the community by providing affordable housing for senior citizens and other qualified individuals in Montclair, NJ. By addressing the critical need for accessible living arrangements, the organization helps to enhance the quality of life for seniors, ensuring they have safe and adequate shelter. This initiative promotes stability and independence for older adults, allowing them to remain active and engaged in the community. Through its efforts, Montclair Senior Housing Corporation plays a crucial role in fostering a supportive environment that champions the well-being of vulnerable populations.
This information is meant to be a general summary of Montclair Senior 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: $621
- Program Service Revenue: $2,095,987
- Gross Receipts: $2,096,608
Assets and Liabilities:
- Total Assets: $4,350,674
- Total Liabilities: $4,625,279
- Net Assets: -$274,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$2,086,111
Laundry and vending income
Revenue
$6,783
Other
Revenue
$3,093
Organization Details
Founding Year
1981
Phone
(973) 746-1537Principal Officer
John T Wynn
Main Address
340 Orange Road, Montclair, NJ, 07042
NTEE Category
Code: L22Z - Housing
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