Overview
What is Adti Housing Corp?
Adti Housing Corp is a subsidiary established under Alternatives, Inc., a New Jersey-based nonprofit organization. Its primary mission is to provide affordable housing solutions for individuals with special needs, who are clients of Alternatives, Inc., as well as the general public with low to moderate income. The corporation aims to contribute to the housing needs of these groups, ensuring they have access to affordable living spaces. Adti Housing Corp. is located at 600 First Avenue, Raritan, New Jersey.
Official website here: www.alternativesinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Adti Housing Corp has achieved a remarkable score of 96% on Charity Navigator, reflecting a strong commitment to accountability and financial transparency. This high rating is particularly significant as it is derived solely from a comprehensive assessment of their financial practices, which indicates a robust operational framework. The organization scored full points in multiple aspects, showcasing their effectiveness in governance and fiscal responsibility.
The charity demonstrates a high level of independence among its board members, with 88% being independent, which is indicative of a strong governance structure. Their financial health is reinforced by a favorable liabilities to assets ratio of 50.56%, signaling that they are managing their financial obligations well. Additionally, their program expense ratio of 97.31% suggests that the majority of their funds are directed towards their programs, highlighting their focus on mission-driven activities.
While the data presents a compelling case for Adti Housing Corp's efficacy and transparency, it is essential for potential donors and stakeholders to consider ongoing performance and community impact. The strong governance policies, including a whistleblower policy and conflict of interest policy, further enhance their credibility, but continuous engagement and feedback from the communities they serve will be crucial for long-term sustainability and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Adti Housing Corp legitimate?
Adti Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adti Housing 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alternativesinc.org
What is the mission statement of Adti Housing Corp?
Adti Housing Corp, a subsidiary of Alternatives, Inc., a New Jersey-based not-for-profit organization, is committed to providing affordable housing solutions. Its primary objective is to cater to the housing needs of Alternatives, Inc.'s clients with special requirements, along with offering affordable housing options for individuals from the general public with low to moderate income levels. The corporation's purpose is deeply rooted in making housing accessible and affordable for these groups. Further details about Alternatives, Inc. can be found in Schedule O.
Official website here: www.alternativesinc.org
What is the revenue of Adti Housing Corp?
Adti Housing Corp's revenue in 2024 was $1,461,447.
Official website here: www.alternativesinc.org
Who are the executives of Adti Housing Corp and what are their salaries?
There 8 volunteers at Adti Housing Corp.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $194,364
- Other: $4,399
- Compensation: $0
- Related: $146,925
- Other: $3,098
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.alternativesinc.org
Where can I find the form 990 for Adti Housing Corp?
Adti Housing Corp's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.alternativesinc.org
Learn more at the official website: www.alternativesinc.org
Mission Statement of Adti Housing Corp
Adti Housing Corp, a subsidiary of Alternatives, Inc., a New Jersey-based not-for-profit corporation, is committed to providing affordable housing solutions. Its primary mission is to cater to the housing needs of clients of Alternatives, Inc., offering them affordable, low-income housing. Additionally, Adti Housing Corp extends its services to the general public, providing affordable housing options for low and moderate-income individuals. The corporation's goal is to create a living environment that is accessible and affordable, thereby contributing to the overall well-being of the community.
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Impact
October, 2024
Adti Housing Corp significantly impacts the community by addressing the critical need for affordable housing, particularly for individuals with special needs and those from low to moderate-income backgrounds. By focusing on creating housing options for these underserved groups, Adti Housing Corp ensures that vulnerable populations have access to safe and stable living conditions. This commitment not only enhances individual well-being but also fosters community integration and support. Their work in Raritan, NJ, helps to alleviate housing insecurity, promoting greater social equity and quality of life for the clients and members of the general public they serve.
This information is meant to be a general summary of Adti Housing 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 2024.
- Investment Income: $17,834
- Program Service Revenue: $1,327,680
- Gross Receipts: $1,461,447
Assets and Liabilities:
- Total Assets: $9,294,425
- Total Liabilities: $4,747,895
- Net Assets: $4,546,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,327,680
Organization Details
Founding Year
1993
Principal Officer
Joseph Mattia
Website
www.alternativesinc.orgNTEE Category
Code: L20Z - Housing
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