Overview
What is Cathedral Square Housing Inc?
Cathedral Square Housing Inc is a nonprofit organization situated in Princeton, New Jersey. Their primary mission is to offer subsidized housing options for low-income elderly and handicapped individuals, adhering to Section 8 regulations. With a focus on affordability, this organization aims to provide a comfortable living environment for senior citizens who may be financially challenged. With a small team of 15 dedicated individuals, Cathedral Square Housing Inc continues to make a significant impact in the community, ensuring that eligible individuals have access to suitable housing solutions.
Official website here: www.cssch.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cathedral Square Housing Inc has received a two-star rating from Charity Navigator, indicating a need for improvement despite strong accountability and financial practices. The organization scored 100% in accountability and finance, reflecting solid governance with a majority of independent board members and good oversight regarding audits. However, the overall score stands at 69%, suggesting that while financial management is strong, other areas require attention.
The strengths of Cathedral Square Housing include effective program expenses, where 88.18% of its budget is directed towards programs, demonstrating a commitment to its mission. Nonetheless, significant weaknesses are noted in governance policies, as the organization lacks conflict of interest and whistleblower policies, as well as a document retention policy. Additionally, the absence of the tax form on the nonprofit's website raises transparency concerns.
Another critical area of concern is the high liabilities to assets ratio of 104.22%, indicating that the organization may have more obligations than assets, which could affect its long-term financial stability. Addressing these governance and financial issues could enhance its rating and overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral Square Housing Inc legitimate?
Cathedral Square Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral Square 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: $341,939
For more financial information, click here
Official website here: www.cssch.com
What is the mission statement of Cathedral Square Housing Inc?
Cathedral Square Housing Inc is committed to providing affordable housing for low-income senior citizens. The organization's mission is to offer subsidized housing in adherence to Section 8, ensuring that elderly and handicapped individuals have access to suitable living spaces. By offering affordable housing, Cathedral Square Housing Inc aims to contribute to the well-being and independence of its senior residents, enabling them to maintain a decent quality of life. The organization's housing solutions cater to the specific needs of low-income senior citizens, providing them with a sense of security and stability.
Official website here: www.cssch.com
Who is the CEO of Cathedral Square Housing Inc?
John Dermond is the President of Cathedral Square Housing Inc.
Official website here: www.cssch.com
What is the revenue of Cathedral Square Housing Inc?
Cathedral Square Housing Inc's revenue in 2022 was $1,664,818.
Official website here: www.cssch.com
Who are the executives of Cathedral Square Housing Inc and what are their salaries?
The average compensation at Cathedral Square Housing Inc during 2022 was $22,796. There are 15 employees and 25 volunteers at Cathedral Square Housing Inc.
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cssch.com
Where can I find the form 990 for Cathedral Square Housing Inc?
Cathedral Square Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cssch.com
Learn more at the official website: www.cssch.com
Mission Statement of Cathedral Square Housing Inc
Cathedral Square Housing Inc, a nonprofit organization, is dedicated to providing affordable housing for low-income senior citizens. Their mission is to offer subsidized housing for elderly and handicapped individuals in accordance with Section 8, ensuring that they have a safe and comfortable living space. By doing so, Cathedral Square Housing Inc aims to contribute to the well-being and independence of the elderly population, providing them with a dignified living environment.
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Impact
October, 2024
Cathedral Square Housing Inc significantly enhances the quality of life for low-income senior citizens by offering affordable housing solutions. By providing subsidized housing in accordance with Section 8 guidelines, the organization ensures that elderly and handicapped individuals have access to safe and stable living environments. Located in Princeton, NJ, Cathedral Square Housing Inc plays a crucial role in addressing the pressing need for affordable housing among vulnerable populations, fostering community well-being, and promoting independence for seniors. Through its commitment to affordable living, the organization directly impacts the lives of its residents, allowing them to thrive in a supportive community setting.
This information is meant to be a general summary of Cathedral Square 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: $318
- Program Service Revenue: $314,929
- Gross Receipts: $1,664,818
Assets and Liabilities:
- Total Assets: $3,853,325
- Total Liabilities: $4,210,013
- Net Assets: -$356,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$314,929
Organization Details
Founding Year
1982
Phone
(609) 989-8500Principal Officer
John Dermond
Main Address
PO BOX 3709, PRINCETON, NJ, 08543
Website
www.cssch.comNTEE Category
Code: L22 - Housing
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