Overview
What is Central Jersey Housing Resource Center?
The Central Jersey Housing Resource Center, formerly known as Somerset County Council on Affordable Housing, is a nonprofit organization based in Somerville, New Jersey. With a mission to address housing challenges faced by families with limited income, it operates as an administrative agent for affordable housing units in six local municipalities. The center is responsible for administering mandated affordability controls for approximately 1,021 restricted units, which are intended for very low, low-, and moderate-income households earning less than 80% of the median income. The organization brings together representatives from various sectors, including corporate and financial institutions, real estate and development communities, social service providers, government leaders, and housing advocates, to collaboratively work towards finding housing solutions for those in need. The Central Jersey Housing Resource Center employs a team of 11 individuals dedicated to this mission.
Official website here: www.cjhrc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Central Jersey Housing Resource Center has received a high rating of 96% from Charity Navigator, indicating strong accountability and financial health. This score reflects the organization’s commitment to transparency and responsible fiscal management, as evidenced by its perfect scores in areas such as independent board members and financial oversight. The organization's financial statements are well-audited, and it has no material diversions of assets, showcasing its integrity in handling funds.
The nonprofit operates with a robust governance structure, featuring a fully independent board and effective policies on conflict of interest, whistleblowing, and document retention. The high program expense ratio of nearly 90% suggests that a significant portion of its expenses goes directly toward its mission-related activities, reinforcing its focus on delivering impact rather than administrative costs.
While the organization demonstrates strong financial practices and governance, the summary does not provide specific information about the programs or services offered. Potential donors and beneficiaries may wish to seek additional details regarding the tangible outcomes of its initiatives to better understand the center's community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Central Jersey Housing Resource Center legitimate?
Central Jersey Housing Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Jersey Housing Resource Center 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: $109,979
Professional Fundraising Fees: $0
Other Salaries and Wages: $361,163
For more financial information, click here
Official website here: www.cjhrc.org
What is the mission statement of Central Jersey Housing Resource Center?
The Central Jersey Housing Resource Center, formerly known as Somerset County Council on Affordable Housing, is a collaborative effort involving representatives from various sectors such as corporate and financial institutions, real estate and development communities, social service providers, government leaders, and housing advocates. Their mission is to address the challenges faced by households struggling to secure housing that caters to their specific needs and financial capabilities. The organization aims to resolve these issues locally, working towards ensuring that appropriate housing solutions are accessible to all.
Official website here: www.cjhrc.org
Who is the CEO of Central Jersey Housing Resource Center?
Harris Faqueri is the President of Central Jersey Housing Resource Center.
Official website here: www.cjhrc.org
What is the revenue of Central Jersey Housing Resource Center?
Central Jersey Housing Resource Center's revenue in 2022 was $750,486.
Official website here: www.cjhrc.org
Who are the executives of Central Jersey Housing Resource Center and what are their salaries?
The average compensation at Central Jersey Housing Resource Center during 2022 was $42,831. There are 11 employees and 46 volunteers at Central Jersey Housing Resource Center.
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Official website here: www.cjhrc.org
Where can I find the form 990 for Central Jersey Housing Resource Center?
Central Jersey Housing Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cjhrc.org
Learn more at the official website: www.cjhrc.org
Mission Statement of Central Jersey Housing Resource Center
The Central Jersey Housing Resource Center, previously known as Somerset County Council on Affordable Housing, is a collaborative non-profit organization comprising representatives from various sectors, including financial institutions, real estate and development communities, social service providers, government leaders, and housing advocates. Their primary mission is to address the challenges faced by households struggling to secure housing that meets their specific needs and financial capabilities. This mission is carried out through their collective efforts to resolve housing-related issues, aiming to make housing more accessible and affordable for all. The Central Jersey Housing Resource Center serves as a bridge between different stakeholders, working collaboratively to create sustainable solutions for households in need.
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Impact
October, 2024
Central Jersey Housing Resource Center significantly influences the housing landscape by addressing the challenges faced by households struggling to secure appropriate housing. By acting as the administrative agent for affordable housing units in six municipalities across New Jersey, it plays a crucial role in managing approximately 1,021 restricted units designated for very low, low-, and moderate-income households—those earning less than 80% of the median income.
The organization works collaboratively with a diverse group of stakeholders, including corporate and financial institutions, the real estate and development communities, social service providers, government leaders, and housing advocates. This alliance strengthens its capacity to create effective solutions and ensure that families have access to safe and affordable housing options. The impactful work of the Central Jersey Housing Resource Center not only enhances the well-being of individuals in need but also fosters community stability and inclusivity in the region.
This information is meant to be a general summary of Central Jersey Housing Resource Center. 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: $1,200
- Program Service Revenue: $313,116
- Gross Receipts: $750,486
Assets and Liabilities:
- Total Assets: $653,158
- Total Liabilities: $154,994
- Net Assets: $498,164
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUNICIPAL & DEVELOPER
Revenue
$308,270
CONTRACT SERVICES
Revenue
$4,846
Organization Details
Founding Year
1994
Phone
(908) 446-0039Principal Officer
Harris Faqueri
Main Address
92 EAST MAIN STREET SUITE 407, SOMERVILLE, NJ, 08876
Website
www.cjhrc.orgNTEE Category
Code: L20Z - Housing
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