Overview
What is Immaculate Conception Senior Housing C/O Domus Corp?
Immaculate Conception Senior Housing C/O Domus Corp is a nonprofit organization situated in Newark, New Jersey, specifically at 590 North 7th Street. Their primary mission is to offer affordable housing primarily for senior citizens, operating a 71-unit complex in Elizabeth, NJ. The organization's workforce consists of four dedicated individuals who contribute to providing a safe and comfortable living environment for the elderly population. Their focus on low-income housing is an essential service that ensures senior citizens have access to well-maintained and affordable housing options in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Immaculate Conception Senior Housing C/O Domus Corp demonstrates a strong commitment to accountability and financial health, as evidenced by its 94% score from Charity Navigator. The organization boasts a fully independent board, with all eight members meeting the criteria for independence, and maintains excellent oversight through its audit and oversight committee. Its financial practices indicate a low risk of asset diversion and a robust conflict of interest policy, further enhancing its credibility.
The nonprofit allocates a significant portion of its budget to programs, reflected in a program expense ratio of 86.54%. This suggests that the majority of resources are directed towards fulfilling its mission rather than administrative costs. The organization's low liabilities to assets ratio of 20.21% indicates strong financial stability, which is crucial for long-term sustainability.
Overall, while Immaculate Conception Senior Housing C/O Domus Corp has demonstrated significant strengths in governance and financial management, prospective donors and stakeholders may still want to consider additional qualitative factors such as programmatic impact and community feedback to gain a complete understanding of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Immaculate Conception Senior Housing C/O Domus Corp legitimate?
Immaculate Conception Senior Housing C/O Domus Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Immaculate Conception Senior Housing C/O Domus 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: $123,895
For more financial information, click here
What is the mission statement of Immaculate Conception Senior Housing C/O Domus Corp?
The organization, Immaculate Conception Senior Housing C/O Domus Corp, is primarily dedicated to providing low-income housing for senior citizens. Their mission is centered around this goal, striving to ensure that elderly individuals have access to suitable housing solutions. The organization operates a 71-unit housing complex, providing a residential environment for senior citizens in need. Their focus is on making housing affordable and accessible for this specific demographic, contributing to their overall well-being and quality of life.
Who is the CEO of Immaculate Conception Senior Housing C/O Domus Corp?
John Westervelt is the Vice Chairman of Immaculate Conception Senior Housing C/O Domus Corp.
What is the revenue of Immaculate Conception Senior Housing C/O Domus Corp?
Immaculate Conception Senior Housing C/O Domus Corp's revenue in 2022 was $609,484.
Who are the executives of Immaculate Conception Senior Housing C/O Domus Corp and what are their salaries?
The average compensation at Immaculate Conception Senior Housing C/O Domus Corp during 2022 was $30,974. There are 4 employees at Immaculate Conception Senior Housing C/O Domus Corp.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Immaculate Conception Senior Housing C/O Domus Corp?
Immaculate Conception Senior Housing C/O Domus Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Immaculate Conception Senior Housing C/O Domus Corp
Immaculate Conception Senior Housing C/O Domus Corp is dedicated to providing low-income housing primarily for senior citizens. This nonprofit organization's mission is centered around offering a welcoming and supportive living environment for the elderly, ensuring they have access to decent and affordable housing. By operating a 71-unit housing complex, Immaculate Conception Senior Housing C/O Domus Corp is able to contribute significantly to the well-being of its senior residents, providing them with a sense of security and community. The organization's commitment to this cause is evident in its provision of a comfortable and safe living space, enabling elderly individuals to maintain their independence and dignity in their golden years.
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Impact
July, 2024
Immaculate Conception Senior Housing, operated by Domus Corp, has a significant impact on the community by providing low-income housing primarily for senior citizens. This 71-unit housing complex in Elizabeth, NJ, serves the elderly population, ensuring they have a safe and affordable place to call home. This initiative addresses a critical need in the community, contributing to the well-being and independence of seniors in Newark, NJ. The organization's mission to offer affordable housing to seniors plays a vital role in enhancing the quality of life for elderly residents in the area.
This information is meant to be a general summary of Immaculate Conception Senior Housing C/O Domus 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: $102
- Program Service Revenue: $608,014
- Gross Receipts: $609,484
Assets and Liabilities:
- Total Assets: $2,033,839
- Total Liabilities: $305,184
- Net Assets: $1,728,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT - TENANTS
Revenue
$310,553
RENT - HUD
Revenue
$294,968
LAUNDRY REVENUE
Revenue
$2,250
TENANT CHARGES
Revenue
$243
Organization Details
Founding Year
2002
Phone
(973) 596-3984Principal Officer
John Westervelt
Main Address
590 NORTH 7TH STREET, NEWARK, NJ, 07107
NTEE Category
Code: L22 - Housing
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