Overview
What is Columbian Towers Development Co Of Hoboken Nj?
Columbian Towers Development Co of Hoboken NJ is a small-scale nonprofit organization, situated at 518 Gregory Ave, Weehawken, New Jersey. Their primary mission is to contribute financially to recognized charitable organizations, specifically those categorized as 501(C)(3). With a workforce of just two individuals, they dedicate their resources towards supporting the noble causes and initiatives of these charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Columbian Towers Development Co of Hoboken, NJ has received a Two-Star rating from Charity Navigator, reflecting a 73% overall score. This rating is derived solely from its Accountability & Finance beacon, indicating a strong focus on financial responsibility and governance practices. The organization excels in several key areas, including having a fully independent board, with all 10 members meeting the criteria for independence. Additionally, there is no material diversion of assets, and the organization documents its board meeting minutes, which are important indicators of transparency.
The financial ratios are also favorable, with a liabilities to assets ratio of 0.49%, showing sound fiscal management. The program expense ratio is notably high at 100%, indicating that all expenditures are directed towards its programs, which is a positive sign for potential donors looking for effective use of their contributions.
However, the overall score of 73% suggests that while the organization demonstrates strong governance and financial health, there may be areas for improvement that could enhance its rating further. Potential supporters may want to consider these aspects in conjunction with the organization’s mission and impact when making their giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Columbian Towers Development Co Of Hoboken Nj legitimate?
Columbian Towers Development Co Of Hoboken Nj is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbian Towers Development Co Of Hoboken Nj 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: $67,741
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,991
For more financial information, click here
What is the mission statement of Columbian Towers Development Co Of Hoboken Nj?
The Columbian Towers Development Company, based anonymously, is committed to making contributions to Charitable Organizations that hold a 501C3 status. Their mission is centered around providing financial support to these charitable entities. This philanthropic approach aims to contribute positively to various societal causes and needs. The company's actions are driven by the belief in the transformative power of charitable contributions, which can significantly impact the lives of many. By offering financial assistance, the Columbian Towers Development Company helps these organizations to further their missions and serve their communities effectively.
Who is the CEO of Columbian Towers Development Co Of Hoboken Nj?
John Jangelone is the Principal Officer of Columbian Towers Development Co Of Hoboken Nj.
What is the revenue of Columbian Towers Development Co Of Hoboken Nj?
Columbian Towers Development Co Of Hoboken Nj's revenue in 2022 was $100,966.
Who are the executives of Columbian Towers Development Co Of Hoboken Nj and what are their salaries?
The average compensation at Columbian Towers Development Co Of Hoboken Nj during 2022 was $59,866. There are 2 employees at Columbian Towers Development Co Of Hoboken Nj.
Here are 10 key members and their salaries:
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- Compensation: $67,166
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Where can I find the form 990 for Columbian Towers Development Co Of Hoboken Nj?
Columbian Towers Development Co Of Hoboken Nj's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Columbian Towers Development Co Of Hoboken Nj
Columbian Towers Development Co of Hoboken NJ is committed to making a positive impact by offering contributions to charitable organizations that hold 501(C)(3) status. This organization's mission is centered around providing financial aid to these non-profit entities, aiming to support their causes and enhance their capacity to make a difference in various communities. By offering contributions, Columbian Towers Development Co of Hoboken NJ plays a crucial role in the charitable sector, enabling these organizations to continue their work in addressing a wide range of societal issues.
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Impact
October, 2024
Columbian Towers Development Co of Hoboken, NJ, significantly impacts the community through its contributions to various charitable organizations. By supporting 501(c)(3) entities, it plays a crucial role in enhancing the charitable landscape in Weehawken and surrounding areas. This focus on philanthropy not only helps improve housing stability and access but also fosters community development and well-being. Their commitment to charitable giving aids in addressing local needs, empowering vulnerable populations, and promoting social equity. Through these contributions, Columbian Towers Development Co strengthens the fabric of the community, enabling more robust support systems for those in need.
This information is meant to be a general summary of Columbian Towers Development Co Of Hoboken Nj. 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: $100,966
- Gross Receipts: $200,991
Assets and Liabilities:
- Total Assets: $4,462,316
- Total Liabilities: $22,052
- Net Assets: $4,440,264
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Organization Details
Founding Year
1984
Phone
(201) 222-1522Principal Officer
John Jangelone
Main Address
518 Gregory Ave, Weehawken, NJ, 07086
NTEE Category
Code: L21 - Housing
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