Overview
What is Wharton Senior Citizen Housing Inc?
Wharton Senior Citizen Housing Inc is a dedicated nonprofit organization situated in Wharton, New Jersey. Their primary mission is to provide affordable housing options for senior citizens residing within the local borough. The organization's activities encompass offering low-income housing accommodations, ensuring that elderly residents have access to safe and suitable living spaces in the area. The nonprofit's operations are based at 10 Robert Street, contributing to the community's support system for senior citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
Wharton Senior Citizen Housing Inc has received a One-Star rating due to its low overall score, which is entirely determined by its Accountability & Finance metrics. While the organization has commendable governance features, including a fully independent board and strong conflict of interest and whistleblower policies, these strengths are overshadowed by significant financial concerns. The organization reported a liabilities to assets ratio of 0.09%, indicating potential financial instability, and it has not allocated any funds towards programs, reflected in a program expense ratio of 0.00%.
The strengths in governance and compliance are notable, as the charity maintains a high standard for board independence and transparency. However, the absence of program spending raises questions about the organization’s operational effectiveness and its ability to fulfill its mission. Stakeholders and potential donors should consider these financial metrics seriously when evaluating the nonprofit's capacity to serve its intended population.
In summary, while Wharton Senior Citizen Housing Inc demonstrates robust governance practices, the lack of program expenses suggests a critical need for improvement in its financial management and service delivery. Interested parties should weigh these factors carefully before engaging with or supporting the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Wharton Senior Citizen Housing Inc legitimate?
Wharton Senior Citizen Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wharton Senior Citizen Housing 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: $0
For more financial information, click here
What is the mission statement of Wharton Senior Citizen Housing Inc?
Wharton Senior Citizen Housing Inc is committed to providing low-income housing for senior citizens. Their mission is to ensure that elderly individuals in need have a place to call home. They specifically focus on serving the senior citizen community in the borough of Wharton, New Jersey. The organization's primary goal is to provide affordable housing options for this population, enhancing their quality of life and providing them with a secure living environment. Although not explicitly mentioned, it can be inferred that they aim to promote independence and dignity for these senior citizens through their housing services.
Who is the CEO of Wharton Senior Citizen Housing Inc?
Kevin Finnegan is the President of Wharton Senior Citizen Housing Inc.
What is the revenue of Wharton Senior Citizen Housing Inc?
Wharton Senior Citizen Housing Inc's revenue in 2022 was $10,744.
Who are the executives of Wharton Senior Citizen Housing Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Wharton Senior Citizen Housing Inc?
Wharton Senior Citizen Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wharton Senior Citizen Housing Inc
Wharton Senior Citizen Housing Inc is dedicated to providing low-income housing for senior citizens in their community. This nonprofit organization's mission is to create a living environment where elderly individuals can reside comfortably and securely, without the burden of high housing costs. By offering affordable housing options, Wharton Senior Citizen Housing Inc aims to improve the quality of life for senior citizens, enabling them to focus on their well-being and personal growth rather than worrying about their housing expenses. The organization's commitment to low-income housing for senior citizens is a crucial contribution to the community, ensuring that elderly individuals have access to safe and comfortable living spaces, regardless of their financial circumstances.
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Impact
August, 2024
Wharton Senior Citizen Housing Inc provides essential low-income housing for senior citizens in the Wharton, New Jersey area. This organization plays a crucial role in ensuring that elderly residents have access to safe and affordable housing options, addressing a pressing need in the community. By offering this support, Wharton Senior Citizen Housing Inc contributes to the well-being and quality of life of senior citizens in the borough, allowing them to age in place with dignity and security. Furthermore, the organization helps to foster a sense of community and support among its residents, creating a positive impact on social connections and overall health outcomes.
This information is meant to be a general summary of Wharton Senior Citizen Housing 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.
- Investment Income: $744
- Gross Receipts: $10,744
Assets and Liabilities:
- Total Assets: $1,351,023
- Total Liabilities: $1,305
- Net Assets: $1,349,718
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Organization Details
Founding Year
1994
Phone
(973) 361-8444Principal Officer
Kevin Finnegan
Main Address
10 ROBERT STREET, WHARTON, NJ, 07885
NTEE Category
Code: L22 - Housing
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