Overview
What is Newark Transitional Corporation?
The Newark Transitional Corporation is a nonprofit organization based in Newark, New Jersey, at 212 Peshine Avenue. Their primary mission is to offer transitional housing and emergency shelter for homeless youths and adults, with a goal to bring stability, independence, self-sufficiency, and employable skills to their clients. Consistent with the New Jersey Homeless Act, they provide 24/7 services to assist individuals in need, striving to create a supportive environment for their clients to transition towards self-reliance. The organization operates with a staff of 12 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Newark Transitional Corporation has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored 94%, which is derived solely from its accountability and finance metrics, showcasing a high level of transparency and effectiveness in managing its resources.
The organization excels in several key areas, including having an entirely independent board, a strong financial oversight committee, and comprehensive policies in place for conflicts of interest and whistleblower protections. With a program expense ratio of 85%, Newark Transitional Corporation demonstrates a commitment to directing a significant portion of its funds towards its mission rather than administrative costs.
However, while the rating reflects strong financial health and governance, it is important for potential donors and supporters to consider the impact of the programs offered by the organization. While financial metrics are important, the effectiveness of the programs and services provided to the community should also be evaluated for a complete understanding of the nonprofit's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Newark Transitional Corporation legitimate?
Newark Transitional Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newark Transitional 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: $530,765
For more financial information, click here
What is the mission statement of Newark Transitional Corporation?
The Newark Transitional Corporation is dedicated to providing 24-hour, 7-day-week transitional housing and emergency shelter, in accordance with the New Jersey Homeless Act. Their primary goal is to offer shelter for homeless youths and adults, while fostering stability, independence, self-sufficiency, and employable skills in the lives of their clients. The organization's mission aims to bring about positive changes and help clients achieve a more independent and self-reliant lifestyle.
Who is the CEO of Newark Transitional Corporation?
Elliot Isibor is the Ceo of Newark Transitional Corporation. The CEO's salary of Newark Transitional Corporation is $216,000 and their total compensation is $216,000.
What is the revenue of Newark Transitional Corporation?
Newark Transitional Corporation's revenue in 2023 was $1,312,221.
Who are the executives of Newark Transitional Corporation and what are their salaries?
The average compensation at Newark Transitional Corporation during 2023 was $44,230. There are 12 employees at Newark Transitional Corporation.
Here are 16 key members and their salaries (Newark Transitional Corporation's CEO's salary is $216,000 and their total compensation is $216,000):
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Where can I find the form 990 for Newark Transitional Corporation?
Newark Transitional Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Newark Transitional Corporation
The Newark Transitional Corporation, a dedicated nonprofit organization, is committed to providing transitional housing and emergency shelter services, ensuring round-the-clock support in line with the New Jersey Homeless Act. Their primary mission is to offer shelter to homeless youths and adults, while simultaneously promoting stability, independence, self-sufficiency, and employable skills in their clients' lives. By providing this crucial assistance, the Newark Transitional Corporation aims to bring about a positive transformation in the lives of those they serve, helping them regain their footing and embark on a path toward self-sufficiency.
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Impact
June, 2024
Newark Transitional Corporation provides critical support to homeless youths and adults in Newark, NJ, by offering 24/7 transitional housing and emergency shelter services. Through their programs, the organization aims to bring stability, independence, self-sufficiency, and employable skills to their clients' lives. In doing so, they play a vital role in addressing homelessness and mental health challenges in the community.
This information is meant to be a general summary of Newark Transitional 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 2023.
- Gross Receipts: $1,312,221
Assets and Liabilities:
- Total Assets: $1,148,512
- Total Liabilities: $67,480
- Net Assets: $1,081,032
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Organization Details
Founding Year
1986
Phone
(973) 242-1119Principal Officer
Elliot Isibor
Main Address
212 PESHINE AVENUE, NEWARK, NJ, 07108
NTEE Category
Code: F34Z - Mental health
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