Overview
What is Morris County Affordable Housing Corporation?
Morris County Affordable Housing Corporation is a nonprofit organization located in Morristown, New Jersey, with a focus on providing affordable housing solutions for families within the county. With a small team of just two dedicated individuals, this organization is committed to making a significant impact in the local community. Their primary mission is to ensure that families in need have access to affordable housing, aligning with their activity and mission descriptions. Based in Ketch Road, this organization stands as a beacon of hope and support for those who require affordable housing options in Morris County, New Jersey.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Morris County Affordable Housing Corporation has received a Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating is primarily based on the organization’s accountability and finance practices, which indicate a strong governance structure with 100% independent board members and a favorable liabilities to assets ratio of 14.30%. Additionally, the organization has demonstrated effective program expenditure, with 74.76% of its budget allocated to programs.
While the organization possesses several strengths, there are some areas for improvement. Notably, it lacks a whistleblower policy and document retention and destruction policy, which are important for transparency and accountability. Furthermore, the absence of documented board meeting minutes raises concerns regarding the organization's record-keeping practices.
Overall, the Morris County Affordable Housing Corporation displays solid financial health and governance metrics, but the noted limitations highlight opportunities for enhancing its operational policies and documentation practices. Addressing these areas could further strengthen its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Morris County Affordable Housing Corporation legitimate?
Morris County Affordable Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morris County Affordable Housing Corporation 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: $5,091
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Morris County Affordable Housing Corporation?
The Morris County Affordable Housing Corporation is committed to providing affordable housing solutions for families within its jurisdiction. This mission is carried out through various initiatives, all aimed at making housing accessible for those who might otherwise struggle with the cost. By offering affordable housing options, the corporation seeks to contribute positively to the well-being and stability of the community. Their activities are centered around this primary goal, ensuring that families have a decent place to call home.
Who is the CEO of Morris County Affordable Housing Corporation?
Janet Hess is the Trustee of Morris County Affordable Housing Corporation.
What is the revenue of Morris County Affordable Housing Corporation?
Morris County Affordable Housing Corporation's revenue in 2022 was $107,846.
Who are the executives of Morris County Affordable Housing Corporation and what are their salaries?
The average compensation at Morris County Affordable Housing Corporation during 2022 was $2,546. There are 2 employees at Morris County Affordable Housing Corporation.
Here are 7 key members and their salaries:
- Compensation: $2,661
- Related: $0
- Other: $0
- Compensation: $2,430
- 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
Where can I find the form 990 for Morris County Affordable Housing Corporation?
Morris County Affordable Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Morris County Affordable Housing Corporation
Morris County Affordable Housing Corporation is dedicated to providing affordable housing solutions for families residing in New Jersey's Morris County. The organization's mission is clear and straightforward; it aims to alleviate housing affordability issues and contribute to a more inclusive community. By offering affordable housing options, Morris County Affordable Housing Corporation enables families to secure a stable living environment, which is essential for personal growth and overall wellbeing. The corporation's mission is a testament to its commitment to addressing housing inequalities and promoting social justice. It is an active participant in shaping a society where everyone, regardless of their financial circumstances, has access to a roof over their heads and a sense of belonging.
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Impact
October, 2024
Morris County Affordable Housing Corporation significantly impacts the community by ensuring access to affordable housing for families in Morris County, New Jersey. By focusing on this essential need, it plays a crucial role in alleviating housing insecurity and fostering stable home environments. The corporation's efforts help to create a more balanced and inclusive community, directly benefiting families seeking safe and affordable living options. Through its initiatives, it contributes to the overall economic and social health of the region, allowing families to thrive in a supportive environment.
This information is meant to be a general summary of Morris County Affordable Housing Corporation. 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: $10,498
- Gross Receipts: $107,846
Assets and Liabilities:
- Total Assets: $2,195,965
- Total Liabilities: $326,990
- Net Assets: $1,868,975
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Organization Details
Founding Year
1995
Phone
(973) 540-0389Principal Officer
Janet Hess
Main Address
99 KETCH ROAD, MORRISTOWN, NJ, 07960
NTEE Category
Code: L20 - Housing
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