Overview
What is Burnet Walnut Corporation?
Burnet Walnut Corporation is a nonprofit organization situated in Neptune, New Jersey, with a specific focus on providing housing for senior and handicapped individuals. Financed through HUD, the organization offers 76 apartments, maintaining an average occupancy rate of 97%. This corporation operates with a mission to compassionately serve the community, enabling individuals to pursue a fulfilling life. They strive to create an environment where all residents have the freedom to choose their path towards abundance. The organization is staffed by a team of six dedicated employees.
Official website here: www.umcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Burnet Walnut Corporation has earned a Three-Star rating from Charity Navigator, reflecting a solid overall score of 81%. This score is derived entirely from its Accountability & Finance metrics, indicating that the organization maintains a strong focus on financial governance and transparency. The charity's financial oversight is bolstered by a fully independent board, which is a critical factor in fostering trust and accountability among stakeholders.
The organization's strengths include an impressive score in various accountability categories. It has received full marks for having a majority of independent board members, effective audit and oversight mechanisms, and comprehensive policies in place for conflict of interest, whistleblower protection, and document retention. These elements contribute to a high level of financial integrity, ensuring that funds are managed responsibly.
One notable aspect is the program expense ratio, which stands at 70.37%, signifying that a significant portion of its resources is directed toward its programs. However, while the overall rating is positive, the score primarily reflects financial practices rather than programmatic impact, leaving room for further evaluation of its effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Burnet Walnut Corporation legitimate?
Burnet Walnut Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burnet Walnut 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: $272,703
For more financial information, click here
Official website here: www.umcommunities.org
What is the mission statement of Burnet Walnut Corporation?
The Burnet Walnut Corporation's mission, as stated, is centered around compassionately serving the community. This mission aims to ensure that all individuals, regardless of their age or abilities, have the freedom to pursue a fulfilling life in abundance. The corporation's activities are geared towards serving this mission, as evidenced by its provision of 76 apartments for senior and handicapped individuals, which are primarily financed through HUD. The occupancy of these apartments averages at 97%, demonstrating the corporation's commitment to its mission.
Official website here: www.umcommunities.org
Who is the CEO of Burnet Walnut Corporation?
Lawrence D Carlson is the Secretary of Burnet Walnut Corporation.
Official website here: www.umcommunities.org
What is the revenue of Burnet Walnut Corporation?
Burnet Walnut Corporation's revenue in 2022 was $1,463,145.
Official website here: www.umcommunities.org
Who are the executives of Burnet Walnut Corporation and what are their salaries?
The average compensation at Burnet Walnut Corporation during 2022 was $45,450. There are 6 employees and 35 volunteers at Burnet Walnut Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $449,305
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.umcommunities.org
Where can I find the form 990 for Burnet Walnut Corporation?
Burnet Walnut Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umcommunities.org
Learn more at the official website: www.umcommunities.org
Mission Statement of Burnet Walnut Corporation
Burnet Walnut Corporation, as a compassionate organization, is dedicated to serving the community with the goal of enabling all individuals to have the freedom to choose a prosperous life. Their mission, in simple terms, is to make a positive impact in the community, ensuring that everyone has the opportunity to pursue a fulfilling existence. The corporation operates 76 apartments specifically designed for senior and handicapped individuals, demonstrating their commitment to providing safe and comfortable living spaces for those in need. The high occupancy rate of 97% indicates the success of their efforts and the demand for their services. The organization's mission is not limited to providing housing but extends to the overall well-being of the community, fostering an environment where everyone can thrive.
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Impact
October, 2024
Burnet Walnut Corporation significantly impacts the Neptune, NJ community by providing 76 well-maintained apartments for senior and handicapped individuals. With an impressive occupancy rate averaging 97%, it addresses critical housing needs for vulnerable populations, ensuring they have a safe and supportive living environment. The organization's mission focuses on compassionately serving the community, empowering residents to live abundant lives with dignity and choice. By offering accessible housing options, Burnet Walnut Corporation fosters a sense of community and belonging, helping individuals thrive in their later years or in the face of challenges associated with disabilities.
This information is meant to be a general summary of Burnet Walnut 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: $95
- Program Service Revenue: $1,398,886
- Gross Receipts: $1,463,145
Assets and Liabilities:
- Total Assets: $1,338,285
- Total Liabilities: $2,446,276
- Net Assets: -$1,107,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & contracts gov agen
Revenue
$1,214,065
Other revenue
Revenue
$5,090
Rent from residents
Revenue
$179,731
Organization Details
Founding Year
1984
Phone
(732) 922-9800Principal Officer
Lawrence D Carlson
Main Address
3311 State Route 33, Neptune, NJ, 07753
Website
www.umcommunities.orgNTEE Category
Code: L22 - Housing
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