Overview
What is Pineridge Brook Corp?
Pineridge Brook Corp is a nonprofit organization situated in Neptune, New Jersey. The corporation primarily focuses on providing housing facilities, specifically 47 apartments designed for senior and handicapped individuals. Financed through the HUD, these apartments ensure an average occupancy rate of 95%. The organization's mission, as stated, is to serve the community with compassion, enabling individuals to enjoy a fulfilling life with abundant choices. With a workforce of six employees, Pineridge Brook Corp is dedicated to enhancing the living conditions of its residents.
Official website here: www.umcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Pineridge Brook Corp has received a Two-Star rating from Charity Navigator, primarily reflecting its accountability and financial health. The organization has a strong governance structure, as evidenced by having 100% independent board members and an effective audit and oversight committee. This indicates a commitment to transparency and ethical management.
However, the charity's overall score is impacted by its financial metrics, notably a concerning liabilities to assets ratio of 146.69%, which suggests potential financial instability. While the program expense ratio is relatively decent at 63.65%, the absence of its tax form on the nonprofit's website is a notable gap in transparency.
In summary, while Pineridge Brook Corp demonstrates strong governance and accountability structures, its financial practices raise some concerns that potential donors should be aware of. Addressing these financial issues could enhance the organization’s rating and overall trust with the public.
This AI summary has been generated from information found on Charity Navigator.
Is Pineridge Brook Corp legitimate?
Pineridge Brook Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pineridge Brook 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: $236,414
For more financial information, click here
Official website here: www.umcommunities.org
What is the mission statement of Pineridge Brook Corp?
Pineridge Brook Corp's mission is centered around compassionately serving the community, enabling all individuals to have the freedom to pursue a fulfilling life. This mission is carried out by providing senior and handicapped individuals with comfortable living spaces, with an average occupancy rate of 95%. The corporation's aim is not just to provide housing, but to create an environment that allows people to make choices leading to an abundant life.
Official website here: www.umcommunities.org
Who is the CEO of Pineridge Brook Corp?
Lawrence D Carlson is the Secretary of Pineridge Brook Corp.
Official website here: www.umcommunities.org
What is the revenue of Pineridge Brook Corp?
Pineridge Brook Corp's revenue in 2022 was $874,567.
Official website here: www.umcommunities.org
Who are the executives of Pineridge Brook Corp and what are their salaries?
The average compensation at Pineridge Brook Corp during 2022 was $39,402. There are 6 employees and 35 volunteers at Pineridge Brook Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $449,305
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.umcommunities.org
Where can I find the form 990 for Pineridge Brook Corp?
Pineridge Brook Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umcommunities.org
Learn more at the official website: www.umcommunities.org
Mission Statement of Pineridge Brook Corp
Pineridge Brook Corp, a compassionate organization, is dedicated to serving the community with the aim that all individuals, particularly seniors and those with disabilities, have the freedom to choose a fulfilling life. Their mission is centered around this objective, striving to make a positive impact within their community. Through their efforts, they provide 47 housing units for these individuals, which are financed by the U.S. Department of Housing and Urban Development (HUD). The corporation ensures an average occupancy rate of 95%, demonstrating their commitment to providing a safe and supportive living environment.
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Impact
October, 2024
Pineridge Brook Corp has a significant impact on the community by providing stable and affordable housing for senior and handicapped individuals in Neptune, NJ. With 47 apartments financed through HUD, it plays a crucial role in meeting the housing needs of vulnerable populations. Maintained occupancy rates averaging 95% reflect a strong demand and the effectiveness of its service. By ensuring that residents have a safe and supportive environment, Pineridge Brook Corp helps empower them to lead more fulfilling lives, fostering a sense of community and belonging. Its mission of compassionately serving individuals aligns with the goal of enabling all residents to make choices that lead to abundant life, underscoring the organization's commitment to enhancing the quality of life in the area.
This information is meant to be a general summary of Pineridge Brook 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: $151
- Program Service Revenue: $854,854
- Gross Receipts: $874,567
Assets and Liabilities:
- Total Assets: $4,305,950
- Total Liabilities: $6,089,850
- Net Assets: -$1,783,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & contracts gov agen
Revenue
$678,262
Other Revenue
Revenue
$774
Rent from residents
Revenue
$175,818
Organization Details
Founding Year
2001
Phone
(732) 922-9800Principal Officer
Lawrence D Carlson
Main Address
3311 State Route 33, Neptune, NJ, 07753
Website
www.umcommunities.orgNTEE Category
Code: L21 - Housing
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