Overview
What is Hillsdale Senior Housing Corp?
Hillsdale Senior Housing Corp is a nonprofit organization devoted to catering to the housing needs of the elderly and individuals with disabilities. Their primary mission involves offering federally assisted housing, ensuring a comfortable living environment for senior citizens and retirees. The corporation specializes in senior housing, providing a range of residential communities that prioritize the needs of the elderly population.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Hillsdale Senior Housing Corp has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 71%. This rating suggests that while the organization demonstrates strong governance elements, such as having a fully independent board and a robust oversight committee, there are significant areas requiring attention, particularly in their accountability practices and financial transparency.
The organization excels in areas like program expense ratio, where it allocates a high percentage of its funds directly to programs, indicating a commitment to its mission. However, the absence of key policies, such as a whistleblower policy and a document retention policy, raises concerns about its operational transparency and accountability. Additionally, the lack of publicly posted tax documents may hinder potential donors’ ability to assess the nonprofit’s financial health.
Another notable concern is the high liabilities to assets ratio, which may signal financial instability. While Hillsdale Senior Housing Corp performs well in certain aspects of governance, addressing these limitations will be crucial for improving its overall rating and ensuring greater trust from stakeholders and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Hillsdale Senior Housing Corp legitimate?
Hillsdale Senior Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hillsdale Senior Housing Corp 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 Hillsdale Senior Housing Corp?
Hillsdale Senior Housing Corporation is dedicated to providing housing solutions for the elderly and handicapped. The organization specializes in senior citizens' housing and retirement communities, offering federally assisted housing. Their mission is centered around ensuring that the elderly have access to comfortable and supportive living spaces, enhancing their quality of life in their later years. Hillsdale Senior Housing Corporation strives to create a sense of community and security for its residents, fostering an environment that caters to their unique needs and requirements.
Who is the CEO of Hillsdale Senior Housing Corp?
Thomas Bisdale is the President of Hillsdale Senior Housing Corp.
What is the revenue of Hillsdale Senior Housing Corp?
Hillsdale Senior Housing Corp's revenue in 2023 was $1,630,778.
Who are the executives of Hillsdale Senior Housing Corp and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Hillsdale Senior Housing Corp?
Hillsdale Senior Housing Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Hillsdale Senior Housing Corp
Hillsdale Senior Housing Corporation, a distinguished nonprofit organization, is dedicated to providing housing solutions for the elderly and individuals with disabilities. This organization specializes in senior citizens' housing and retirement communities, offering federally assisted accommodation options. By offering these services, Hillsdale Senior Housing Corporation aims to cater to the unique needs of the elderly population, ensuring they have access to comfortable and supportive living environments. The corporation's mission is to enhance the quality of life for the elderly, providing them with a safe and secure place to live and age gracefully.
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Impact
October, 2024
Hillsdale Senior Housing Corp significantly impacts the community by providing essential housing solutions for the elderly and handicapped. By offering federally assisted housing options, the organization ensures that senior citizens have access to safe, affordable living environments tailored to their needs. This focus on senior citizens' housing and retirement communities not only enhances the quality of life for residents but also fosters a sense of community and support among individuals facing similar life stages. In Hillsdale, NJ, this organization plays a crucial role in addressing the unique housing challenges faced by older adults, ultimately promoting their well-being and independence.
This information is meant to be a general summary of Hillsdale Senior Housing Corp. 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: $1,041
- Program Service Revenue: $445,714
- Gross Receipts: $1,630,778
Assets and Liabilities:
- Total Assets: $2,361,182
- Total Liabilities: $4,367,276
- Net Assets: -$2,006,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT PAYMENTS
Revenue
$343,374
RECAPTURE OF RES RECEIPTS
Revenue
$100,478
LAUNDRY REVENUE
Revenue
$1,862
Organization Details
Founding Year
1983
Phone
(201) 666-5290Principal Officer
Thomas Bisdale
Main Address
32 PIERMONT AVENUE, HILLSDALE, NJ, 07642
NTEE Category
Code: L22 - Housing
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