Overview
What is Community Enterprises Corporation Inc?
Community Enterprises Corporation Inc is a nonprofit organization located at 9 Spring St, Freehold, New Jersey (07728). Their primary role is to manage affordable housing for individuals who are low to moderate income consumers of mental health services. The corporation aims to support organizations that commit to providing economic opportunities and safe, decent, affordable, and permanent supportive housing to low-income persons with special needs. Their mission is to serve and assist these organizations in their mission, contributing to the well-being of the community. With a workforce of 21 employees, Community Enterprises Corporation Inc is committed to improving the living conditions and prospects of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
Community Enterprises Corporation Inc has received a strong Four-Star rating from Charity Navigator, reflecting its excellent performance in accountability and finance. The rating indicates the charity's commitment to maintaining high standards in financial management and governance, with a perfect score on various accountability metrics, including board independence and financial oversight.
The organization boasts a fully independent board of directors, which is crucial for ensuring unbiased decision-making. It also has a robust financial structure, as demonstrated by its low liabilities to assets ratio and a high program expense ratio. These factors suggest that a significant portion of its resources is directed towards its mission rather than administrative costs.
While the charity excels in accountability, the summary does not highlight any potential areas for improvement or limitations. Overall, Community Enterprises Corporation Inc is recognized for its transparency and effective use of funds, making it a reliable choice for donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Community Enterprises Corporation Inc legitimate?
Community Enterprises Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Enterprises Corporation 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: $91,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,729
For more financial information, click here
What is the mission statement of Community Enterprises Corporation Inc?
Community Enterprises Corporation Inc's mission is centered around providing assistance to organizations that are dedicated to offering economic opportunities and secure, decent, affordable, and permanent supportive housing for individuals with special needs who fall under low-income categories. The corporation's mission is to support these organizations in their endeavors, aiming to ensure that individuals with special needs have access to such necessities. Community Enterprises Corporation Inc serves as a consumer-operated manager of affordable housing for low to moderate income consumers of mental health services.
Who is the CEO of Community Enterprises Corporation Inc?
Victor Luna is the President of Community Enterprises Corporation Inc.
What is the revenue of Community Enterprises Corporation Inc?
Community Enterprises Corporation Inc's revenue in 2022 was $2,450,701.
Who are the executives of Community Enterprises Corporation Inc and what are their salaries?
The average compensation at Community Enterprises Corporation Inc during 2022 was $35,977. There are 21 employees at Community Enterprises Corporation Inc.
Here are 7 key members and their salaries:
- Compensation: $91,792
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Community Enterprises Corporation Inc?
Community Enterprises Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Community Enterprises Corporation Inc
Community Enterprises Corporation, a consumer-operated organization, is dedicated to supporting other entities that strive to provide economic opportunities and safe, decent, affordable, and permanent supportive housing for low-income individuals with special needs. The corporation's mission is to contribute to this cause by offering services to these organizations, thereby helping to create a stable living environment for this vulnerable population. By offering these services, Community Enterprises Corporation aims to enhance the overall well-being of these individuals, providing them with a sense of security and independence.
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Impact
October, 2024
Community Enterprises Corporation Inc positively influences the community by facilitating economic opportunities and enhancing living conditions for low-income individuals with special needs. By managing affordable housing tailored for low to moderate-income consumers of mental health services, the organization ensures that these individuals have access to safe and decent living environments. This support not only empowers residents by providing stability but also enhances their overall quality of life.
Through its efforts, Community Enterprises Corporation fosters economic inclusion and promotes supportive living arrangements that can lead to improved mental health outcomes, autonomy, and community integration. By collaborating with other organizations dedicated to similar goals, it strengthens the social safety net for those who are often marginalized, ultimately contributing to a more equitable and supportive community in Freehold, NJ.
This information is meant to be a general summary of Community Enterprises Corporation 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 2022.
- Program Service Revenue: $1,855,069
- Gross Receipts: $2,450,701
Assets and Liabilities:
- Total Assets: $2,778,069
- Total Liabilities: $1,311,358
- Net Assets: $1,466,711
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING & RENTAL INCOME
Revenue
$1,043,596
MANAGEMENT FEES
Revenue
$678,869
RENTAL ASSISTANCE
Revenue
$132,604
Organization Details
Phone
(732) 780-1175Principal Officer
Victor Luna
Main Address
9 SPRING ST, FREEHOLD, NJ, 07728
NTEE Category
Code: A99Z - Arts
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