Overview
What is Village Apartments Of Cherry Hillnjinc?
Village Apartments of Cherry Hillnjinc is a nonprofit organization located in Camden, New Jersey, specifically at 1845 Haddon Avenue, 08103. Their primary mission is to enhance the living conditions of elderly and handicapped individuals by providing them with housing. The organization has 149 units that are subsidized by the Federal Department of Housing and Urban Development (HUD) under HUD Section 8, ensuring affordable housing for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Village Apartments Of Cherry Hillnjinc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting a score of 60%. While the organization demonstrates a strong commitment to its programs with an impressive program expense ratio of 82.25%, which indicates that a significant portion of its spending goes directly to its mission, it faces serious challenges in its governance and financial transparency.
A key area of concern is the lack of independent board members, which could impact its accountability and overall oversight. Additionally, essential policies, such as conflict of interest and transparency in financial reporting, are missing or inadequately addressed, as seen with the absence of a listed website on the tax form and failure to post tax forms on its website. Although the organization has a whistleblower policy and maintains board meeting minutes effectively, the overall governance structure shows significant room for improvement.
The organization must address its financial liabilities, with a concerning liabilities to assets ratio of 173.95%, indicating potential financial instability. The combination of governance weaknesses and financial concerns highlights the need for Village Apartments Of Cherry Hillnjinc to enhance its accountability and transparency measures to improve its standing and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Village Apartments Of Cherry Hillnjinc legitimate?
Village Apartments Of Cherry Hillnjinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village Apartments Of Cherry Hillnjinc 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: $40,548
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,768
For more financial information, click here
What is the mission statement of Village Apartments Of Cherry Hillnjinc?
The Village Apartments, an organization, is committed to providing housing for elderly and handicapped individuals. This is facilitated through 149 units that are subsidized by the Federal Department of Housing and Urban Development under HUD Section 8. The mission of the organization is to promote and ensure the welfare of these individuals by offering them a place to call home. The Village Apartments strives to make a significant positive impact in the lives of those in need, providing them with a safe and secure living environment.
What is the revenue of Village Apartments Of Cherry Hillnjinc?
Village Apartments Of Cherry Hillnjinc's revenue in 2023 was $2,045,655.
Who are the executives of Village Apartments Of Cherry Hillnjinc and what are their salaries?
There 5 volunteers at Village Apartments Of Cherry Hillnjinc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $30,087
- Related: $127,259
- Other: $4,838
- Compensation: $7,745
- Related: $32,759
- Other: $9,367
Where can I find the form 990 for Village Apartments Of Cherry Hillnjinc?
Village Apartments Of Cherry Hillnjinc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Village Apartments Of Cherry Hillnjinc
Village Apartments of Cherry Hillnjinc is an organization dedicated to providing housing for elderly and handicapped individuals. Its mission is to promote their welfare and ensure they have a place to call home. The organization achieves this by operating 149 subsidized housing units, funded by the Federal Department of Housing and Urban Development under HUD Section 8. This commitment to providing suitable living arrangements for the vulnerable elderly and handicapped individuals is a testament to Village Apartments of Cherry Hillnjinc's dedication to improving their quality of life.
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Impact
October, 2024
Village Apartments of Cherry Hill, NJ, plays a critical role in enhancing the quality of life for elderly and handicapped individuals by providing accessible housing options. With 149 subsidized units, the organization alleviates housing insecurity by offering affordable living environments tailored to the needs of its residents.
This initiative promotes the welfare of vulnerable populations, creating a supportive community that fosters independence and well-being. By collaborating with the federal Department of Housing and Urban Development under HUD Section 8, Village Apartments ensures that residents have access to necessary resources, enabling them to live with dignity and security.
The impact of Village Apartments extends beyond mere housing; it cultivates a sense of belonging and community among its residents, empowering them and improving their overall quality of life in Camden, NJ.
This information is meant to be a general summary of Village Apartments Of Cherry Hillnjinc. 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 2023.
- Investment Income: $6,114
- Program Service Revenue: $466,743
- Gross Receipts: $2,045,655
Assets and Liabilities:
- Total Assets: $3,554,647
- Total Liabilities: $6,183,633
- Net Assets: -$2,628,986
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTALS
Revenue
$466,743
Organization Details
Founding Year
1983
Principal Officer
Robert Waite
NTEE Category
Code: L22Z - Housing
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