Overview
What is St Clare Homes Property Inc?
St. Clare Homes Property Inc is a nonprofit organization situated in Newark, New Jersey, specifically at 77 Academy Street. Their primary mission is to offer and maintain affordable supportive housing for approximately 230 families and individuals who are at risk of homelessness due to living with HIV/AIDS. The organization is dedicated to ensuring that these individuals have suitable housing options, thereby preventing them from being homeless. To achieve this, St. Clare Homes Property Inc owns, maintains, and controls properties in New Jersey specifically for the housing of individuals with disabilities who might otherwise struggle to afford appropriate housing. Their commitment extends beyond providing housing, as they also offer supportive services to help residents and their families live independently in the community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 84%, Three-Star out of Four Star rating.
St Clare Homes Property Inc has received a solid rating of 84%, reflecting its strong performance in accountability and finance. The organization has a fully independent board, which is crucial for maintaining transparency and effective governance. They excel in several areas, including their financial statements oversight, conflict of interest policy, and whistleblower policy, indicating robust operational standards.
The charity’s program expense ratio is commendable, with nearly 80% of its expenditures directed towards its programs, which showcases its commitment to fulfilling its mission. However, while the organization performs well in many accountability metrics, its liabilities to assets ratio suggests there may be some financial risks that warrant monitoring. This area could benefit from improved financial management strategies to enhance overall stability.
Despite these limitations, St Clare Homes Property Inc demonstrates a strong commitment to ethical governance and effective program execution, making it a reliable choice for potential donors looking to support their initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is St Clare Homes Property Inc legitimate?
St Clare Homes Property Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. St Clare Homes Property 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: $355,652
For more financial information, click here
What is the mission statement of St Clare Homes Property Inc?
St. Clare Homes Property Inc's mission is centered around providing housing for individuals and families affected by HIV/AIDS who might otherwise struggle with homelessness. The organization is committed to offering supportive services to help these residents and their families live independently in the community. By identifying and maintaining affordable housing, St. Clare Homes Property Inc aims to accommodate approximately 230 families and individuals, thereby mitigating their risk of homelessness.
What is the revenue of St Clare Homes Property Inc?
St Clare Homes Property Inc's revenue in 2024 was $1,248,794.
Who are the executives of St Clare Homes Property Inc and what are their salaries?
There 8 volunteers at St Clare Homes Property Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $137,983
- Other: $28,565
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- 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
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for St Clare Homes Property Inc?
St Clare Homes Property Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of St Clare Homes Property Inc
St. Clare Homes Property Inc is dedicated to providing housing solutions for individuals and families living with HIV/AIDS who might otherwise face homelessness. Recognizing the significant challenge of securing suitable housing for this vulnerable population, the organization takes it upon itself to own, maintain, and control properties in various locations across New Jersey. Its primary mission is to offer supportive housing services, ensuring that the residents and their families can live independently in the community. St. Clare Homes Property Inc goes beyond just providing housing; it ensures that the residents have access to the necessary supportive services they require to maintain their independence. This commitment to supporting its residents extends to approximately 230 families and individuals, thus providing them with a safe and secure living environment.
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Impact
October, 2024
St. Clare Homes Property Inc. plays a critical role in providing affordable supportive housing for families and individuals impacted by HIV/AIDS in Newark, New Jersey. By identifying and maintaining properties for those who might otherwise struggle to find safe and suitable housing, the organization directly addresses the pressing issue of homelessness within this vulnerable population.
The impact of St. Clare Homes can be measured by its ability to house approximately 230 families and individuals, offering them a stable living environment that fosters independence. This support not only enhances their quality of life but also alleviates the risk of homelessness, enabling residents to remain active members of their communities.
Additionally, St. Clare Homes is committed to providing essential supportive services that empower residents and their families to live independently. These services are integral to helping individuals manage their health and well-being, fostering a sense of community and belonging, which is vital for those facing the challenges associated with HIV/AIDS.
Overall, St. Clare Homes significantly contributes to the well-being of its residents by ensuring access to affordable, stable housing while providing support that encourages independence and resilience.
This information is meant to be a general summary of St Clare Homes Property 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 2024.
- Investment Income: $20,979
- Program Service Revenue: $1,227,472
- Gross Receipts: $1,248,794
Assets and Liabilities:
- Total Assets: $6,557,517
- Total Liabilities: $3,790,528
- Net Assets: $2,766,989
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME AND CHARGES
Revenue
$1,227,472
Organization Details
Founding Year
1985
Principal Officer
Annie C Chen
NTEE Category
Code: P80 - Human services
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