Overview
What is Long Hill Township Community Housing Development Corp?
Long Hill Township Community Housing Development Corp is a nonprofit organization situated in Stirling, New Jersey, specifically at 1449 Valley Road. Their primary mission is to manage and operate Lounsberry Meadow, a low to moderate-income apartment complex primarily intended for handicapped individuals and senior citizens. The organization's activities are focused on ensuring the proper functioning of this complex, providing a safe and comfortable living environment for its residents. With a small team of just two employees, Long Hill Township Community Housing Development Corp is dedicated to serving this specific community and enhancing their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Long Hill Township Community Housing Development Corp has achieved a commendable Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The organization scored 82% in the Accountability & Finance category, showcasing effective governance and transparency in its financial practices.
The nonprofit demonstrates a commitment to maintaining an independent board, with all members being independent, which is a strong indicator of good governance. Its financial health is also notable, as evidenced by a low liabilities-to-assets ratio of 22.35%, indicating sound financial management. Furthermore, the organization allocates a significant portion of its budget to program expenses, with a program expense ratio of 91.38%, underscoring its dedication to fulfilling its mission.
While the organization has strengths in operational efficiency and financial oversight, specific programmatic outcomes and impact metrics are not detailed in the available data. This absence may limit the ability to fully assess the effectiveness of its initiatives in housing development and community support. Overall, the nonprofit's strong financial practices contribute positively to its reputation in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Long Hill Township Community Housing Development Corp legitimate?
Long Hill Township Community Housing Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Hill Township Community Housing Development Corp 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:
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Other Salaries and Wages: $55,287
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What is the mission statement of Long Hill Township Community Housing Development Corp?
The Long Hill Township Community Housing Development Corp primarily focuses on the operation of Lounsberry Meadow, a low to moderate-income apartment complex. This complex is specifically designed to cater to handicapped individuals and senior citizens. The organization's mission is centered around managing and maintaining this housing facility, ensuring it provides a suitable living environment for its residents. By operating Lounsberry Meadow, the corporation contributes to the provision of affordable housing options for those in need, particularly the elderly and individuals with disabilities.
Who is the CEO of Long Hill Township Community Housing Development Corp?
Jon Caputo is the President of Long Hill Township Community Housing Development Corp.
What is the revenue of Long Hill Township Community Housing Development Corp?
Long Hill Township Community Housing Development Corp's revenue in 2022 was $589,004.
Who are the executives of Long Hill Township Community Housing Development Corp and what are their salaries?
The average compensation at Long Hill Township Community Housing Development Corp during 2022 was $27,644. There are 2 employees at Long Hill Township Community Housing Development Corp.
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Where can I find the form 990 for Long Hill Township Community Housing Development Corp?
Long Hill Township Community Housing Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Long Hill Township Community Housing Development Corp
Long Hill Township Community Housing Development Corp is primarily dedicated to managing Lounsberry Meadow, a low to moderate-income apartment complex. This complex is specifically designed for individuals with disabilities and senior citizens, providing them with affordable housing options. The organization's mission is centered around ensuring the smooth operation of Lounsberry Meadow, ensuring that its residents have a secure and comfortable living environment.
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Impact
July, 2024
Long Hill Township Community Housing Development Corp's impact can be seen through its operation of Lounsberry Meadow, a low to moderate-income apartment complex in Stirling, NJ. This organization provides housing for handicapped persons and senior citizens, offering them a safe and affordable place to live. By managing this apartment complex, Long Hill Township Community Housing Development Corp plays a vital role in addressing the housing needs of vulnerable populations within the community, ensuring they have access to suitable accommodation that meets their specific requirements.
This information is meant to be a general summary of Long Hill Township Community Housing Development Corp. 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: $67,557
- Program Service Revenue: $465,957
- Gross Receipts: $715,774
Assets and Liabilities:
- Total Assets: $1,939,889
- Total Liabilities: $433,665
- Net Assets: $1,506,224
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT RECEIPTS-TENANT
Revenue
$424,039
TENANT ASSISTANCE PAYM
Revenue
$38,156
LAUNDRY AND TENANT CHA
Revenue
$3,762
Organization Details
Founding Year
1990
Phone
(908) 647-0544Principal Officer
Jon Caputo
Main Address
1449 VALLEY ROAD, STIRLING, NJ, 07980
NTEE Category
Code: L22Z - Housing
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