Overview
What is Housing And Community Development Network Of Nj Inc?
Housing and Community Development Network of NJ Inc is a nonprofit organization situated in Trenton, New Jersey, with a mission to strengthen the capacity of non-profit housing corporations. They achieve this goal by offering networking and support services, fostering capacity building and resource development, and advocating for public policies related to affordable housing. Their work is instrumental in preserving and creating long-term affordable housing solutions in New Jersey. With a team of 18 dedicated individuals, they provide essential resources and education, empowering these housing corporations to make a meaningful impact in their communities.
Official website here: www.hcdnnj.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that Housing And Community Development Network Of NJ Inc has achieved a Four-Star out of Four Star rating, reflecting a strong performance in Accountability & Finance. This high score is particularly significant as it demonstrates the organization's commitment to transparency and responsible management of financial resources.
The nonprofit features a fully independent board, with 94% of its members being independent, which contributes to effective governance. It also excels in its financial oversight, as evidenced by its comprehensive audit committee and no reported material diversion of assets. High program expense ratio indicates that a substantial portion of its funding is directed toward its mission, rather than administrative costs.
Despite the strong financial indicators, details about the organization's specific programs or community impact are not highlighted in the rating summary. While the financial metrics are commendable, potential donors may seek more information regarding the outcomes of the organization's initiatives and how they are making a difference in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Housing And Community Development Network Of Nj Inc legitimate?
Housing And Community Development Network Of Nj Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing And Community Development Network Of Nj Inc 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: $1,228,120
For more financial information, click here
Official website here: www.hcdnnj.org
What is the mission statement of Housing And Community Development Network Of Nj Inc?
The Housing and Community Development Network of New Jersey Inc. is dedicated to strengthening the capabilities of non-profit housing organizations in New Jersey. Their primary goal is to facilitate the creation and preservation of long-term affordable housing. They achieve this by offering networking and support services, capacity building, resource development, and education. Additionally, they advocate for public policies that support their mission. The organization's efforts aim to improve housing affordability and accessibility for the community.
Official website here: www.hcdnnj.org
What is the revenue of Housing And Community Development Network Of Nj Inc?
Housing And Community Development Network Of Nj Inc's revenue in 2023 was $4,872,673.
Official website here: www.hcdnnj.org
Who are the executives of Housing And Community Development Network Of Nj Inc and what are their salaries?
The average compensation at Housing And Community Development Network Of Nj Inc during 2023 was $68,229. There are 18 employees and 20 volunteers at Housing And Community Development Network Of Nj Inc.
Here are 17 key members and their salaries:
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Official website here: www.hcdnnj.org
Where can I find the form 990 for Housing And Community Development Network Of Nj Inc?
Housing And Community Development Network Of Nj Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hcdnnj.org
Learn more at the official website: www.hcdnnj.org
Mission Statement of Housing And Community Development Network Of Nj Inc
Housing And Community Development Network Of NJ Inc, as a non-profit organization, is committed to enhancing the capabilities of housing corporations in New Jersey. Its primary mission is to aid these corporations in creating and preserving long-term affordable housing. To accomplish this, the network provides essential services such as networking and support, capacity building and resource development, and education in public policy advocacy. By offering these resources, Housing And Community Development Network Of NJ Inc empowers these non-profit housing corporations to effectively create and maintain affordable housing options for individuals and families in New Jersey, ensuring that affordable housing remains a viable option for future generations.
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Impact
October, 2024
Housing and Community Development Network of NJ Inc plays a crucial role in increasing the availability of long-term affordable housing in New Jersey. By offering networking and support services to non-profit housing corporations, it enhances their capacity to develop and maintain affordable housing options. This organization also focuses on capacity building and resource development, equipping housing entities with the tools and knowledge necessary to thrive in their mission.
The impact of their educational programs and public policy advocacy extends beyond just housing development; it fosters a more informed and engaged community that can navigate the complexities of housing policies. Through these efforts, the organization helps to ensure that affordable housing remains a priority in New Jersey, benefiting countless individuals and families seeking stable living conditions. Additionally, by facilitating collaboration among housing corporations, it strengthens the overall network dedicated to improving housing access, creating a collective force for change in the state.
This information is meant to be a general summary of Housing And Community Development Network Of Nj Inc. 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: $7,057
- Program Service Revenue: $119,830
- Gross Receipts: $4,872,673
Assets and Liabilities:
- Total Assets: $5,000,275
- Total Liabilities: $612,508
- Net Assets: $4,387,767
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS
Revenue
$112,230
TRAINING FEES
Revenue
$7,600
Organization Details
Founding Year
1989
Principal Officer
Staci Berger
Website
www.hcdnnj.orgNTEE Category
Code: L20Z - Housing
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