Overview
What is The Heart Of Camden Inc?
The Heart of Camden Inc is a nonprofit organization situated in Camden, New Jersey, with a primary focus on community development. Their housing program offers rehabilitated homes to low and moderate-income families, primarily funded through donations, grants, and fundraising events. The organization assists eligible buyers in securing mortgages from reliable lenders for completed properties, and in some cases, serves as the lender itself through mortgage or lease-to-own arrangements. Beyond housing, The Heart of Camden Inc is dedicated to revitalizing the neighborhood through various non-housing projects and partnerships. Their ultimate goal is to improve the lives and restore dignity of the residents in the Waterfront South community of Camden, New Jersey, by promoting housing restoration, economic expansion, and human development.
Official website here: www.heartofcamden.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating on Charity Navigator)
The Heart Of Camden Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With an Accountability & Finance score of 96, the organization demonstrates effective oversight and governance, including 100% independent board members and no reported material diversion of assets, ensuring that resources are utilized responsibly.
Additionally, the organization excels in its program expense ratio, dedicating 74.66% of its expenses directly to its programs. The nonprofit also shines in its engagement with constituents, receiving a perfect score in feedback collection, usage, and challenges, which highlights its responsiveness to the community it serves. Furthermore, its equity strategies score indicates a commitment to fostering inclusivity, although there is room for improvement in equity policies and processes.
While the organization is performing well across many metrics, it is important for potential donors and supporters to consider its equity strategies, as this aspect could affect the overall effectiveness of its community impact. Overall, The Heart Of Camden Inc stands out as a well-managed nonprofit with a strong track record of financial integrity and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Heart Of Camden Inc legitimate?
The Heart Of Camden Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Heart Of Camden 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: $97,820
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,508
For more financial information, click here
Official website here: www.heartofcamden.org
What is the mission statement of The Heart Of Camden Inc?
The Heart of Camden Inc's mission is centered around restoring dignity and improving the quality of life for a specific community. This is achieved through various programs, primarily focusing on housing restoration and economic expansion. Furthermore, the organization's mission extends to human development, aiming to uplift the community as a whole. Their housing program provides rehabilitated homes to low and moderate-income families, primarily funded through donations, grants, and fundraising efforts. The organization also assists qualified buyers in obtaining mortgages and, in some cases, acts as the lender themselves, offering mortgage or lease-to-own arrangements. Beyond housing, The Heart of Camden Inc is committed to neighborhood revitalization, undertaking non-housing projects and forming partnerships to ensure full community transformation.
Official website here: www.heartofcamden.org
Who is the CEO of The Heart Of Camden Inc?
Carlos Morales is the Executive Director of The Heart Of Camden Inc.
Official website here: www.heartofcamden.org
What is the revenue of The Heart Of Camden Inc?
The Heart Of Camden Inc's revenue in 2022 was $925,806.
Official website here: www.heartofcamden.org
Who are the executives of The Heart Of Camden Inc and what are their salaries?
The average compensation at The Heart Of Camden Inc during 2022 was $34,266. There are 5 employees and 275 volunteers at The Heart Of Camden Inc.
Here are 19 key members and their salaries:
- Compensation: $97,820
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Official website here: www.heartofcamden.org
Where can I find the form 990 for The Heart Of Camden Inc?
The Heart Of Camden Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heartofcamden.org
Learn more at the official website: www.heartofcamden.org
Mission Statement of The Heart Of Camden Inc
The Heart of Camden Inc, a nonprofit organization, is committed to restoring dignity and enhancing the quality of life for residents within the Waterfront South community in New Jersey. Their mission is twofold: firstly, they focus on housing restoration, aiming to provide rehabilitated homes to low and moderate income families. Secondly, they prioritize economic expansion and human development, seeking to foster growth and improvement in the community as a whole. The organization primarily relies on donor contributions, grants, and fundraising to support their housing program. They assist qualified buyers in obtaining mortgages from reputable lenders for completed properties, and in some cases, they serve as the lender themselves through either a mortgage or lease-to-own arrangement. Beyond housing, The Heart of Camden Inc is engaged in full neighborhood revitalization, investing in non-housing neighborhood projects and partnerships to further enhance the well-being of the community.
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Impact
October, 2024
The Heart of Camden Inc significantly enhances the quality of life for residents in the Waterfront South community of Camden, New Jersey. By focusing on revitalizing neighborhoods through housing restoration and economic expansion, it addresses critical needs for low- and moderate-income families. The organization's housing program successfully rehabilitates homes, making them accessible to those who might otherwise struggle to secure adequate living conditions.
Additionally, Heart of Camden assists qualified buyers in obtaining mortgages, ensuring that families can establish stable roots in their community. Their approach includes not only facilitating homeownership but also offering innovative financing options like lease-to-own arrangements, which help more families secure a home.
Beyond housing, the organization actively engages in neighborhood revitalization projects, fostering strong partnerships that lead to comprehensive community development. This holistic focus on human development and economic opportunity empowers residents, restores dignity, and nurtures a sense of belonging in Camden's Waterfront South area. Overall, The Heart of Camden Inc plays a pivotal role in transforming lives and enhancing the fabric of the community.
This information is meant to be a general summary of The Heart Of Camden 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: $7
- Program Service Revenue: $28,410
- Gross Receipts: $939,870
Assets and Liabilities:
- Total Assets: $553,768
- Total Liabilities: $136,644
- Net Assets: $417,124
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$28,410
Organization Details
Founding Year
1984
Phone
(856) 966-1212Principal Officer
Carlos Morales
Main Address
1840 BROADWAY, CAMDEN, NJ, 08104
Website
www.heartofcamden.orgNTEE Category
Code: L80 - Housing
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