Overview
What is Holy Rosary Senior Residence C/O Domus Corp?
Holy Rosary Senior Residence, managed by Domus Corp, is a nonprofit organization situated in Newark, New Jersey. The organization operates a 60-unit housing project, funded by the U.S. Department of Housing and Urban Development (HUD), specifically designed for elderly individuals with limited income. The primary mission of Holy Rosary Senior Residence is to provide suitable housing for this specific group of senior citizens, ensuring they live in a secure and comfortable environment. The organization currently employs a team of four dedicated individuals to oversee and manage the project's operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Holy Rosary Senior Residence C/O Domus Corp has achieved a strong 94% score, reflecting its commitment to accountability and financial transparency. The charity's overall rating is derived entirely from its accountability and finance metrics, indicating a strong performance in these areas. Such a high rating underscores the organization’s reliability in managing its resources effectively.
The organization boasts a fully independent board with 100% of its members meeting this criterion, which is a significant strength as it enhances governance and decision-making integrity. Additionally, Holy Rosary Senior Residence has implemented comprehensive policies, such as conflict of interest and whistleblower protection, which are essential for maintaining ethical standards and transparency. The strong fiscal health is further exemplified by a low liabilities to assets ratio of 5.76% and a program expense ratio of 86.48%, indicating that a substantial portion of the funds is directed towards its programs rather than administrative costs.
While the rating reflects strong accountability, there are no specific limitations or areas for improvement noted in the available data. Overall, Holy Rosary Senior Residence C/O Domus Corp shows a commendable dedication to its mission and effective financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Holy Rosary Senior Residence C/O Domus Corp legitimate?
Holy Rosary Senior Residence C/O Domus Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holy Rosary Senior Residence 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: $113,212
For more financial information, click here
What is the mission statement of Holy Rosary Senior Residence C/O Domus Corp?
The organization known as Holy Rosary Senior Residence, overseen by Domus Corp, is committed to providing housing for low-income senior citizens. This mission is carried out through the maintenance of a 60-unit HUD housing project, specifically designed to accommodate elderly tenants with limited financial means. By offering affordable housing, the organization aims to contribute to the well-being and comfort of this vulnerable group, enabling them to live with dignity and security in their later years.
Who is the CEO of Holy Rosary Senior Residence C/O Domus Corp?
John Westervelt is the Vice Chairperson of Holy Rosary Senior Residence C/O Domus Corp.
What is the revenue of Holy Rosary Senior Residence C/O Domus Corp?
Holy Rosary Senior Residence C/O Domus Corp's revenue in 2022 was $658,082.
Who are the executives of Holy Rosary Senior Residence C/O Domus Corp and what are their salaries?
The average compensation at Holy Rosary Senior Residence C/O Domus Corp during 2022 was $28,303. There are 4 employees at Holy Rosary Senior Residence C/O Domus Corp.
Here are 5 key members and their salaries:
- 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 Holy Rosary Senior Residence C/O Domus Corp?
Holy Rosary Senior Residence C/O Domus Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Holy Rosary Senior Residence C/O Domus Corp
Holy Rosary Senior Residence C/O Domus Corp is dedicated to providing housing for low-income senior citizens. This nonprofit organization manages a 60-unit HUD housing project, offering a home to elderly tenants who fall under this income category. By providing affordable housing, Holy Rosary Senior Residence C/O Domus Corp contributes significantly to the well-being of senior citizens, ensuring they have a safe and comfortable living environment. The organization's mission is essential in addressing the housing needs of this vulnerable population, enabling them to live with dignity and independence.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Holy Rosary Senior Residence, operated by Domus Corp, plays a vital role in providing affordable housing for low-income senior citizens in Newark, NJ. Through its 60-unit HUD housing project, the organization offers a safe and secure living environment for elderly tenants with limited financial resources. By fulfilling its mission of providing housing for low-income seniors, Holy Rosary Senior Residence C/O Domus Corp helps ensure that this vulnerable population has access to quality housing options that meet their needs. Overall, the impact of this initiative is significant in addressing the housing challenges faced by low-income senior citizens in the community, promoting their well-being and security.
This information is meant to be a general summary of Holy Rosary Senior Residence 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: $184
- Program Service Revenue: $656,629
- Gross Receipts: $658,082
Assets and Liabilities:
- Total Assets: $3,522,389
- Total Liabilities: $181,105
- Net Assets: $3,341,284
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT PORTION OF RENT
Revenue
$450,142
TENANT ASSISTANCE - HU
Revenue
$204,997
LAUNDRY REVENUE
Revenue
$1,058
TENANT CHARGES
Revenue
$432
Organization Details
Founding Year
2002
Phone
(973) 596-3984Principal Officer
John Westervelt
Main Address
590 N 7TH STREET, NEWARK, NJ, 07107
NTEE Category
Code: L22 - Housing
If you are a representative of Holy Rosary Senior Residence C/O Domus Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.