Overview
What is Friends Of The Carpenter?
Friends of the Carpenter is a nonprofit organization committed to assisting low-income families in attaining housing. They accomplish this by providing resources for the purchase, sale, and lease of real estate. Furthermore, they offer lending funds to individuals to help them buy and renovate homes on a fair and impartial basis. This organization is dedicated to making housing more accessible for those in need, thereby contributing positively to their living situation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Friends Of The Carpenter has received a "Needs Improvement" rating, indicating that while there are strengths in its accountability and finance practices, there are areas that require attention. The organization scored exceptionally well in governance with a perfect score for having an independent board and maintaining clear documentation of board meeting minutes. Additionally, it has a strong liabilities to assets ratio, demonstrating sound financial management.
However, the program expense ratio is somewhat concerning, sitting at 63.41%, which indicates that a larger portion of its expenses may not be going directly to program services. This could suggest inefficiencies in how the organization allocates its resources. Stakeholders may want to keep an eye on how the organization addresses these issues moving forward to ensure continued support and growth.
Overall, while Friends Of The Carpenter shows solid governance and financial responsibility, potential donors and supporters should consider its program efficiency and the impact of its spending on overall mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of The Carpenter legitimate?
Friends Of The Carpenter is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of The Carpenter submitted a form 990EZ, 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.
What is the mission statement of Friends Of The Carpenter?
Friends of the Carpenter, as an organization, is dedicated to assisting low-income families in securing housing. They accomplish this by facilitating the purchase, sale, and lease of real estate. Furthermore, Friends of the Carpenter offers lending funds to individuals for the purpose of purchasing and refurbishing homes on a non-discriminatory basis. This mission aims to make housing more accessible for those in need, thereby contributing to improved living conditions for vulnerable families.
Who is the CEO of Friends Of The Carpenter?
Janice Allen is the President of Friends Of The Carpenter.
What is the revenue of Friends Of The Carpenter?
Friends Of The Carpenter's revenue in 2022 was $14,740.
Who are the executives of Friends Of The Carpenter and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990EZ for Friends Of The Carpenter?
Friends Of The Carpenter's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of The Carpenter
Friends of the Carpenter is a dedicated organization that aims to assist low-income families in their quest for secure housing. The nonprofit accomplishes this by facilitating the purchase, sale, and/or lease of real estate, thereby providing a viable housing solution. Furthermore, Friends of the Carpenter extends lending funds to individuals seeking to purchase and renovate homes on a non-discriminatory basis. This mission is vital in ensuring that individuals and families have access to suitable living spaces, thereby contributing to their overall well-being and stability.
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Impact
August, 2024
Friends of the Carpenter's impact can be seen in its dedicated support for low-income families in obtaining housing. Through facilitating the purchase, sale, and lease of real estate, as well as providing lending funds for home purchasing and rehabilitation on a non-discriminatory basis, this organization plays a crucial role in helping individuals secure stable and affordable housing. Its efforts not only address immediate housing needs but also contribute to long-term stability and empowerment within the community.
This information is meant to be a general summary of Friends Of The Carpenter. 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.
- Program Service Revenue: $14,740
- Gross Receipts: $14,740
Assets and Liabilities:
- Total Assets: $3,700
- Total Liabilities: $0
- Net Assets: $3,700
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Organization Details
Principal Officer
Janice Allen
Main Address
40 Mercer Ave, North Plainfield, NJ, 07060
NTEE Category
Code: L20 - Housing
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