Overview
What is Ridgefield Park Senior Citizens Housing?
Ridgefield Park Senior Citizens Housing is a dedicated nonprofit organization situated in Ridgefield Park. Their primary mission is to provide subsidized housing for elderly and handicapped individuals with low to moderate incomes. They meticulously allocate all their resources towards accomplishing this objective, ensuring that the elderly and disabled community have a suitable living space.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79% (Three-Star out of Four Star rating)
Ridgefield Park Senior Citizens Housing has received a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The organization scored particularly well in areas such as board independence and financial oversight, reflecting strong governance practices. The absence of material asset diversion and the presence of both a conflict of interest and whistleblower policy contribute positively to its accountability.
However, the overall score is impacted by the organization’s liabilities to assets ratio, which stands at 153.28%, indicating that the organization has more liabilities than assets. This could raise concerns regarding financial stability and sustainability. While the program expense ratio is commendable at 70.84%, demonstrating that a significant portion of funds is directed toward its mission, the high liability ratio suggests a need for careful financial management moving forward.
In summary, Ridgefield Park Senior Citizens Housing demonstrates a solid commitment to accountability and financial practices, but potential donors and stakeholders should be mindful of its financial stability as indicated by its liabilities. Overall, the organization appears to be on a positive track but must address its financial challenges to ensure long-term effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ridgefield Park Senior Citizens Housing legitimate?
Ridgefield Park Senior Citizens Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridgefield Park Senior Citizens Housing 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: $43,957
For more financial information, click here
What is the mission statement of Ridgefield Park Senior Citizens Housing?
Ridgefield Park Senior Citizens Housing is committed to providing subsidized housing for low and moderate-income elderly and handicapped individuals. Their primary focus is to allocate all expenses towards this purpose, ensuring affordable living for this specific demographic. The organization's mission prioritizes the needs of this vulnerable population, offering them a secure and affordable living space.
Who is the CEO of Ridgefield Park Senior Citizens Housing?
Arleen Von Salzen is the Trustee of Ridgefield Park Senior Citizens Housing.
What is the revenue of Ridgefield Park Senior Citizens Housing?
Ridgefield Park Senior Citizens Housing's revenue in 2022 was $722,503.
Who are the executives of Ridgefield Park Senior Citizens Housing and what are their salaries?
The average compensation at Ridgefield Park Senior Citizens Housing during 2022 was $21,978. There are 2 employees and 4 volunteers at Ridgefield Park Senior Citizens Housing.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ridgefield Park Senior Citizens Housing?
Ridgefield Park Senior Citizens Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ridgefield Park Senior Citizens Housing
Ridgefield Park Senior Citizens Housing is committed to providing subsidized housing for low and moderate-income elderly and handicapped individuals. The organization dedicates all its resources to fulfilling this purpose, ensuring a comfortable living environment for its residents. By offering subsidized housing, Ridgefield Park Senior Citizens Housing aims to support those in need, making housing more affordable and accessible. This mission is crucial in ensuring that the elderly and handicapped population has access to safe and secure living conditions, thereby enhancing their quality of life.
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Impact
October, 2024
Ridgefield Park Senior Citizens Housing significantly impacts the lives of low and moderate-income elderly and handicapped individuals in Ridgefield Park, NJ. By providing subsidized housing, it ensures that these vulnerable populations have access to safe and affordable living accommodations. This support is crucial in helping residents maintain their independence and dignity while alleviating financial stresses often associated with housing costs. The dedicated focus on serving those in need reflects a commitment to enhancing the quality of life for seniors and individuals with disabilities, fostering a sense of community and belonging. Ultimately, Ridgefield Park Senior Citizens Housing plays a vital role in promoting stability and well-being among its residents.
This information is meant to be a general summary of Ridgefield Park Senior Citizens Housing. 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: $1,163
- Program Service Revenue: $721,195
- Gross Receipts: $722,503
Assets and Liabilities:
- Total Assets: $1,822,454
- Total Liabilities: $2,793,522
- Net Assets: -$971,068
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING ASSISTANCE PMT
Revenue
$581,368
TENANT PORTION OF RENT
Revenue
$130,526
OTHER REVENUE
Revenue
$6,166
LAUNDRY AND VENDING
Revenue
$3,135
Organization Details
Founding Year
1981
Phone
(609) 989-8500Principal Officer
Arleen Von Salzen
Main Address
278 MAIN STREET, RIDGEFIELD PARK, NJ, 07660
NTEE Category
Code: L22Z - Housing
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