Overview
What is Hudson County Housing Resource Center Inc?
Hudson County Housing Resource Center Inc is a nonprofit organization situated in Jersey City, New Jersey, at 830 Bergen Avenue 5A. Their primary mission is to safeguard and augment Hudson County's inventory of affordable housing, aiming to curb homelessness. As a Community Housing Development Organization (CHDO), they are dedicated to offering decent and affordable housing options to low and moderate-income families, aiming to alleviate excessive housing demand. Their activities include offering advisory and referral services to both tenants and landlords through a general housing assistance program. With a team of five employees, they strive to make a positive impact on their community by ensuring adequate housing for those in need.
Official website here: www.hudsonhrc.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 84%, Three-Star out of Four Star rating.
Hudson County Housing Resource Center Inc has earned an 84% score, reflecting a solid level of accountability and finance management. The rating is based entirely on their performance in these areas, indicating a strong grasp of financial oversight and governance. The organization boasts a fully independent board, with all members meeting the independent criteria, contributing to its positive evaluation.
Strengths of the organization include a high program expense ratio of 96.37%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has no material diversions of assets, further demonstrating its financial integrity. However, it lacks some policies that are typically regarded as best practices, such as a conflict of interest policy and a whistleblower policy, which could enhance its governance framework.
Overall, while Hudson County Housing Resource Center Inc demonstrates commendable financial accountability and a strong commitment to its programs, the absence of specific governance policies may raise concerns for some stakeholders regarding transparency and ethical oversight in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson County Housing Resource Center Inc legitimate?
Hudson County Housing Resource Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson County Housing Resource Center 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: $106,022
For more financial information, click here
Official website here: www.hudsonhrc.org
What is the mission statement of Hudson County Housing Resource Center Inc?
Hudson County Housing Resource Center Inc's mission is centered around safeguarding and enhancing the availability of affordable housing in the community. Acting as a Community Housing Development Organization (CHDO), the center strives to offer decent, affordable housing options to families with low to moderate income. This initiative aims to alleviate the pressing issue of excessive housing need. The organization provides advisory and referral services to assist both tenants and landlords, contributing to the overall housing sector.
Official website here: www.hudsonhrc.org
What is the revenue of Hudson County Housing Resource Center Inc?
Hudson County Housing Resource Center Inc's revenue in 2023 was $1,066,307.
Official website here: www.hudsonhrc.org
Who are the executives of Hudson County Housing Resource Center Inc and what are their salaries?
The average compensation at Hudson County Housing Resource Center Inc during 2023 was $53,011. There are 2 employees at Hudson County Housing Resource Center Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.hudsonhrc.org
Where can I find the form 990 for Hudson County Housing Resource Center Inc?
Hudson County Housing Resource Center Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hudsonhrc.org
Learn more at the official website: www.hudsonhrc.org
Mission Statement of Hudson County Housing Resource Center Inc
Hudson County Housing Resource Center Inc, as a community housing development organization (CHDO), is dedicated to a mission that involves protecting, maintaining, and expanding the availability of affordable housing in the community. Their primary goal is to assist low and moderate-income families, aiming to alleviate the pressing issue of overwhelming housing need. By providing decent and affordable housing options, Hudson County Housing Resource Center Inc strives to contribute to the reduction of this need, thereby preventing homelessness. Their mission is centered on the belief that everyone deserves a secure and comfortable living space, regardless of their income level. The organization's activities include offering advisory and referral services to both tenants and landlords through their general housing assistance program, aiming to facilitate a harmonious relationship between the two parties.
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Impact
October, 2024
Hudson County Housing Resource Center Inc plays a vital role in enhancing the quality of life for low and moderate income families in Jersey City and beyond. By protecting, maintaining, and expanding the stock of affordable housing, the organization addresses the critical issue of housing accessibility in the region.
Its commitment to preventing homelessness is evident through its comprehensive housing assistance programs, which provide advisory and referral services for both tenants and landlords. This ensures that individuals and families have access to vital resources, helping them navigate the housing landscape effectively.
By striving to deliver decent and affordable housing options, the center not only mitigates overwhelming housing needs but also contributes to the overall stability and wellbeing of the community. The impact of Hudson County Housing Resource Center Inc is felt through the increased availability of affordable housing, reduced incidences of homelessness, and improved living conditions for those most in need.
This information is meant to be a general summary of Hudson County Housing Resource Center 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.
- Program Service Revenue: $90,871
- Gross Receipts: $1,066,307
Assets and Liabilities:
- Total Assets: $1,798,109
- Total Liabilities: $48,624
- Net Assets: $1,749,485
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental income
Revenue
$86,570
Miscellaneous income
Revenue
$4,301
Organization Details
Founding Year
1991
Principal Officer
Joan Michaelson
Website
www.hudsonhrc.orgNTEE Category
Code: L200 - Housing
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