Overview
What is Euell Development Limited Dividend Housing Corporation A/K/A Taylor House?
Euell Development Limited Dividend Housing Corporation, also known as Taylor House, is a nonprofit organization based in Newark, New Jersey. Their primary focus is the operation of a nine-unit low-income housing complex, adhering to regulations set by the New Jersey Housing & Mortgage Finance Agency. The organization's mission is to provide affordable housing in Jersey City, New Jersey, aimed at supporting individuals with lower incomes. While the information provided does not delve into additional programs or services, it highlights their commitment to ensuring housing accessibility for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%, Zero-Star out of Four Star Rating. This rating indicates significant concerns regarding the accountability and financial practices of Euell Development Limited Dividend Housing Corporation. A score of 48% suggests that the organization has notable deficiencies in several critical areas, which may impact its overall effectiveness and reliability as a nonprofit.
The organization does have some strengths, such as having a majority independent board and a strong program expense ratio, indicating that it allocates a substantial portion of its resources to its programs. However, it falls short in several areas, including the lack of an independent board size and transparency measures such as a conflict of interest policy and a whistleblower policy. These issues raise questions about governance and operational integrity.
Additionally, the lack of a website to share important documents and financial information with the public is a significant limitation. Transparency is crucial for building trust with stakeholders, and the absence of these practices may hinder the nonprofit's ability to secure support and engage the community effectively. Overall, while there are positive aspects to the organization, the substantial weaknesses highlighted by the rating warrant careful consideration by potential donors and partners.
This AI summary has been generated from information found on Charity Navigator.
Is Euell Development Limited Dividend Housing Corporation A/K/A Taylor House legitimate?
Euell Development Limited Dividend Housing Corporation A/K/A Taylor House is a legitimate nonprofit organization registered as a 501(c)(3) entity. Euell Development Limited Dividend Housing Corporation A/K/A Taylor House 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: $0
For more financial information, click here
What is the mission statement of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House?
Euell Development Limited Dividend Housing Corporation, also known as Taylor House, is dedicated to serving the community by operating nine low-income housing units. The organization's primary focus is on providing affordable living spaces, operating under the regulations set by the New Jersey Housing and Mortgage Finance Agency. Their mission is centered around providing a housing solution for individuals with limited financial resources, thereby contributing to a more inclusive and equitable community.
Who is the CEO of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House?
J Kenneth Pagano is the Manager of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House.
What is the revenue of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House?
Euell Development Limited Dividend Housing Corporation A/K/A Taylor House's revenue in 2020 was $62,602.
Who are the executives of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Euell Development Limited Dividend Housing Corporation A/K/A Taylor House?
Euell Development Limited Dividend Housing Corporation A/K/A Taylor House's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House
Euell Development Limited Dividend Housing Corporation A/K/A Taylor House is an organization committed to operating nine low-income housing units. The primary mission of this nonprofit is to provide affordable housing solutions for individuals who fall under the low-income bracket. Operating under the regulations set by the New Jersey Housing & Mortgage Finance Agency, Euell Development Limited Dividend Housing Corporation A/K/A Taylor House ensures that these housing units are managed and maintained to a high standard, providing a safe and comfortable living environment for its residents. The organization's work is crucial in addressing the housing needs of vulnerable individuals in the community, contributing to a more equitable living situation.
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Impact
August, 2024
The impact of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House is focused on providing affordable housing to low-income individuals in Jersey City, New Jersey. This organization owns and operates a nine-unit low-income housing complex, adhering to regulations set by the New Jersey Housing & Mortgage Finance Agency. Through their activities, they contribute to addressing the housing needs of vulnerable populations in the community, helping to improve their quality of life and stability.
This information is meant to be a general summary of Euell Development Limited Dividend Housing Corporation A/K/A Taylor House. 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 2020.
- Investment Income: $50
- Program Service Revenue: $62,552
- Gross Receipts: $62,602
Assets and Liabilities:
- Total Assets: $401,650
- Total Liabilities: $519,208
- Net Assets: -$117,558
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$62,552
Organization Details
Founding Year
1992
Phone
(973) 643-8588Principal Officer
J Kenneth Pagano
Main Address
PO BOX 1750, NEWARK, NJ, 07102
NTEE Category
Code: L21 - Housing
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