Overview
What is Abiding Peace Senior Housing Corporation?
Abiding Peace Senior Housing Corporation, doing business as Mount Olive Manor I & II, is a nonprofit organization situated in Mount Olive, New Jersey. This faith-based entity provides affordable housing for seniors aged 62 and above, operating under Section 202 of the National Housing Act. The organization's 111-unit residential facility is regulated by the U.S. Department of Housing and Urban Development to ensure appropriate rental charges, operating expenses, and methods. With a mission rooted in Christian values and love, Lutheran Social Ministries of New Jersey serves a wider population, including vulnerable individuals and those with limited options, through various healthcare and social services in New Jersey. The organization employs a team of four dedicated individuals.
Official website here: www.lsmnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Abiding Peace Senior Housing Corporation has achieved an impressive 96% rating on Charity Navigator, which indicates a strong commitment to accountability and financial transparency. The organization received a Four-Star rating, reflecting its effective governance and sound financial practices. Notably, the charity's score is derived entirely from its accountability and finance metrics, showcasing its focus on responsible management.
The organization boasts a fully independent board of directors, with 100% of members being independent and a well-structured oversight committee. These factors contribute to its high scores in areas like financial statements and various governance policies, all of which are in place to ensure integrity and transparency. The charity's low ratio of liabilities to assets further indicates financial stability and prudent resource management.
Despite its strong performance in financial accountability, specific programmatic impact data is not highlighted in the overview. While the program expense ratio is commendable at 93.36%, offering insight into funds allocated toward its mission, further details on the effectiveness of these programs would provide a more comprehensive understanding of its overall impact in the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Abiding Peace Senior Housing Corporation legitimate?
Abiding Peace Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Abiding Peace Senior Housing 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: $196,234
For more financial information, click here
Official website here: www.lsmnj.org
What is the mission statement of Abiding Peace Senior Housing Corporation?
Abiding Peace Senior Housing Corporation, as a faith-based organization, serves the elderly population aged 62 and above by providing housing. In line with the power of the Holy Spirit and God's love, Lutheran Social Ministries of NJ's mission is to assist individuals who are in need, hurt, or have limited choices. This is achieved through various health care and social services in New Jersey. Abiding Peace Senior Housing Corporation, operating under Section 202 of the National Housing Act, provides affordable housing for qualified elderly residents, with its operations overseen by the U.S. Department of Housing and Urban Development in terms of rental charges, expenses, and methods.
Official website here: www.lsmnj.org
Who is the CEO of Abiding Peace Senior Housing Corporation?
Colleen P Frankenfield is the CEO of Abiding Peace Senior Housing Corporation The CEO's salary of Abiding Peace Senior Housing Corporation is $0 and their total compensation is $772,114.
Official website here: www.lsmnj.org
What is the revenue of Abiding Peace Senior Housing Corporation?
Abiding Peace Senior Housing Corporation's revenue in 2023 was $1,251,537.
Official website here: www.lsmnj.org
Who are the executives of Abiding Peace Senior Housing Corporation and what are their salaries?
The average compensation at Abiding Peace Senior Housing Corporation during 2023 was $17,839. There are 11 employees and 9 volunteers at Abiding Peace Senior Housing Corporation.
Here are 12 key members and their salaries (Abiding Peace Senior Housing Corporation's CEO's salary is $0 and their total compensation is $772,114):
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- Related: $727,329
- Other: $44,785
- Compensation: $0
- Related: $345,235
- Other: $23,200
Official website here: www.lsmnj.org
Where can I find the form 990 for Abiding Peace Senior Housing Corporation?
Abiding Peace Senior Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lsmnj.org
Learn more at the official website: www.lsmnj.org
Mission Statement of Abiding Peace Senior Housing Corporation
Abiding Peace Senior Housing Corporation, a faith-based organization, is dedicated to providing housing for individuals who have reached the age of 62. This non-profit corporation operates under the guiding principles of the Holy Spirit and in response to God's love as revealed in the Gospel. In keeping with Lutheran Social Ministries of New Jersey's mission, Abiding Peace Senior Housing Corporation serves those who are in need or have limited choices, extending their compassionate care through an array of health care and social services.
In line with its mission, Abiding Peace Senior Housing Corporation operates a residential facility, Mount Olive Manor and Mount Olive Manor II, which houses 111 eligible elderly residents. This organization operates under Section 202 of the National Housing Act, ensuring affordable housing for those in need. The U.S. Department of Housing and Urban Development regulates the project's rental charges, operating expenses, and operating methods, ensuring that Abiding Peace Senior Housing Corporation continues to uphold its commitment to providing affordable housing for its residents.
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Impact
October, 2024
Abiding Peace Senior Housing Corporation plays a vital role in providing secure and affordable housing for elderly individuals aged 62 and older in Mount Olive, New Jersey. By operating a 111-unit residential facility, it addresses a significant need for accessible living options tailored to seniors, ensuring they have a safe and supportive environment.
Additionally, the organization's foundation is inspired by faith, aiming to uplift and serve those in need through its commitment to community care. This approach fosters a sense of belonging and encourages a supportive atmosphere where residents can thrive.
Regulated under Section 202 of the National Housing Act, Abiding Peace Senior Housing Corporation ensures that rental charges and operating expenses remain affordable for its residents. This regulatory oversight helps maintain the quality of living while ensuring that financial barriers do not prevent seniors from accessing housing.
The impact of Abiding Peace extends beyond just providing shelter; it enhances the quality of life for its residents by promoting dignity, independence, and community engagement, addressing both physical housing needs and emotional well-being through its faith-based mission.
This information is meant to be a general summary of Abiding Peace Senior Housing 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.
- Investment Income: $267
- Program Service Revenue: $1,126,081
- Gross Receipts: $1,251,537
Assets and Liabilities:
- Total Assets: $7,685,309
- Total Liabilities: $807,488
- Net Assets: $6,877,821
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$1,126,081
Organization Details
Founding Year
1984
Principal Officer
Colleen P Frankenfield
Website
www.lsmnj.orgNTEE Category
Code: L210 - Housing
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