Overview
What is Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments?
Irvington Uaw Housing Corporation's Dab Edward and Lois Gray Apartments is a nonprofit organization situated in Brunswick, New Jersey. Its main mission is to offer affordable housing to individuals, primarily low-income families and individuals, who meet certain criteria set by the US Department of Housing and Urban Development (HUD) or the New Jersey Housing and Mortgage Finance Agency (HMFA). The organization operates under income qualifications, as required by federal and state laws, and is limited to qualified applicants through deed restrictions and financial agreements with HUD or HMFA. The nonprofit aims to serve a public purpose, providing and promoting affordable housing opportunities to low and moderate-income disabled or senior citizens in New Jersey. It currently employs 14 individuals in its mission to operate the housing community.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments has achieved a strong Four-Star rating from Charity Navigator, reflecting its commitment to accountability and finance. The charity's overall score is predominantly based on its accountability measures, with a perfect score in areas such as material asset diversion and governance policies, indicating a high level of transparency and responsible financial management.
The organization demonstrates robust governance, with 63% of its board members being independent, which enhances its ability to maintain objective oversight. Additionally, the absence of any material diversion of assets further underlines its integrity. The high program expense ratio of 92.84% suggests that a significant majority of funds are allocated towards fulfilling its mission effectively.
Despite these strengths, the summary does not provide specific details on the organization's programs or impact, which could offer deeper insights into its operational effectiveness and community contributions. Nonetheless, the financial and governance metrics present a positive picture of its organizational health.
This AI summary has been generated from information found on Charity Navigator.
Is Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments legitimate?
Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments 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: $274,840
For more financial information, click here
What is the mission statement of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments?
The Irvington Uaw Housing Corporation's mission, specifically for the Dab Edward and Lois Gray Apartments, is centered around serving a public purpose. Their primary goal is to offer and promote affordable housing opportunities to low-income disabled or senior citizens in New Jersey. The corporation operates the housing community in accordance with a state policy that permits the establishment and operation of affordable housing by non-profit entities. Their mission is to continue providing this service, contributing to the community by offering an affordable housing solution for a specific demographic.
Who is the CEO of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments?
Joe Latoof is the President of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments.
What is the revenue of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments?
Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments's revenue in 2022 was $2,450,184.
Who are the executives of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments and what are their salaries?
The average compensation at Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments during 2022 was $19,631. There are 14 employees at Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $206,727
- Other: $4,958
- Compensation: $0
- Related: $58,163
- Other: $924
- Compensation: $0
- Related: $58,163
- Other: $1,874
- Compensation: $0
- Related: $61,913
- Other: $696
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $106,047
- Other: $32,555
- Compensation: $0
- Related: $166,806
- Other: $33,202
- Compensation: $0
- Related: $161,998
- Other: $2,875
- Compensation: $0
- Related: $148,008
- Other: $14,646
Where can I find the form 990 for Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments?
Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments
Irvington UAW Housing Corporation, specifically focusing on Dab Edward and Lois Gray Apartments, is dedicated to serving a public purpose and providing affordable housing opportunities for low and moderate-income disabled or senior citizens in New Jersey. This non-profit organization carries out its mission by operating a housing community in accordance with a state law that permits the establishment and operation of affordable housing by non-profit entities. The central objective of Irvington UAW Housing Corporation is to ensure that disadvantaged individuals within the senior and disabled demographics have access to affordable housing options, thereby promoting social equity and inclusivity.
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Impact
October, 2024
Irvington UAW Housing Corporation Dab Edward And Lois Gray Apartments plays a vital role in providing affordable housing options for low and moderate-income individuals, particularly those who are disabled or senior citizens in New Jersey. By offering subsidized housing, it addresses a critical need in the community, ensuring that vulnerable populations have access to safe and stable living environments.
The apartments are designed to accommodate individuals who meet specific income qualifications, aligning with the guidelines set by the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (HMFA). This structured approach not only helps maintain affordability but also ensures that resources are allocated to those who need them most, thereby fostering inclusivity within the housing market.
In operating within a framework that includes deed restrictions and financial agreements, the organization reinforces accountability and adherence to federal and state housing regulations. This commitment extends beyond just providing shelter; it actively promotes a sense of community and security for its residents. By focusing on accessibility for those with disabilities and seniors, Irvington UAW Housing embodies a mission that contributes positively to social equity and overall community well-being.
This information is meant to be a general summary of Irvington Uaw Housing Corporation Dab Edward And Lois Gray Apartments. 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: $13,554
- Program Service Revenue: $822,457
- Gross Receipts: $2,450,184
Assets and Liabilities:
- Total Assets: $8,131,821
- Total Liabilities: $1,669,118
- Net Assets: $6,462,703
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$507,253
OTHER REVENUE
Revenue
$315,204
Organization Details
Founding Year
1998
Phone
(732) 640-2088Principal Officer
Joe Latoof
Main Address
88 HUNTINGTON STREET, BRUNSWICK, NJ, 08901
NTEE Category
Code: L80Z - Housing
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