Overview
What is Mt Carmel Gardens Inc C/O Crm Inc?
Mt Carmel Gardens Inc C/O Crm Inc is a nonprofit organization situated in Pleasville, New Jersey. Their primary mission is to provide affordable housing to low-income families. They receive financial assistance in the form of an interest subsidy from the HUD under Section 236 of the National Housing Act. This subsidy allows them to rent apartments at reduced costs, thereby serving a vital need in the community. The organization's activities are centered around housing assistance, aiming to make housing more accessible for families in need.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star Rating)
Mt Carmel Gardens Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is derived entirely from its Accountability & Finance beacon, showing a strong commitment to financial integrity and transparency. An independent board comprised of 100% members and a robust audit and oversight committee contribute to this high rating.
The organization demonstrates effective financial management with a program expense ratio of 78.19%, indicating that a significant majority of its resources are directed toward program services. Additionally, the absence of any material diversion of assets and a favorable liabilities to assets ratio of 9.68% reflect responsible stewardship of funds. These factors enhance the charity's reputation and trustworthiness.
While Mt Carmel Gardens Inc has strengths in governance and financial management, the lack of additional beacons or ratings means that prospective donors may want to consider further information about the organization's program impact and specific initiatives. Overall, the charity stands out for its accountability and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Carmel Gardens Inc C/O Crm Inc legitimate?
Mt Carmel Gardens Inc C/O Crm Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Carmel Gardens Inc C/O Crm 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: $97,662
For more financial information, click here
What is the mission statement of Mt Carmel Gardens Inc C/O Crm Inc?
Mt Carmel Gardens Inc C/O Crm Inc, as an organization, is primarily focused on providing affordable housing solutions. They specifically cater to low-income families, offering them apartments to reside in. To make these housing options more financially accessible, the organization receives an interest subsidy from the HUD under Section 236 of the National Housing Act. This subsidy plays a crucial role in making housing more affordable for the families they serve. The organization's mission can be summarized as providing affordable housing opportunities for low-income families, with the support of the HUD subsidy.
Who is the CEO of Mt Carmel Gardens Inc C/O Crm Inc?
Reverend Dr Donald D Moo is the Principal Officer of Mt Carmel Gardens Inc C/O Crm Inc.
What is the revenue of Mt Carmel Gardens Inc C/O Crm Inc?
Mt Carmel Gardens Inc C/O Crm Inc's revenue in 2022 was $726,777.
Who are the executives of Mt Carmel Gardens Inc C/O Crm Inc and what are their salaries?
There 5 volunteers at Mt Carmel Gardens Inc C/O Crm Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Mt Carmel Gardens Inc C/O Crm Inc?
Mt Carmel Gardens Inc C/O Crm Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Carmel Gardens Inc C/O Crm Inc
Mt Carmel Gardens Inc C/O Crm Inc, as a nonprofit organization, is dedicated to providing affordable housing solutions for low-income families. This is achieved through a financial aid mechanism, with the organization receiving an interest subsidy from the HUD under Section 236 of the National Housing Act. This subsidy allows Mt Carmel Gardens Inc C/O Crm Inc to offer reasonably priced apartments, making home ownership an attainable goal for families who might otherwise struggle with high housing costs. By providing affordable housing, the organization is contributing significantly to the well-being and stability of these families, enabling them to focus on other essential aspects of their lives.
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Impact
October, 2024
Mt. Carmel Gardens Inc. plays a significant role in providing affordable housing to low-income families in Pleasantville, NJ. By renting apartments specifically to those who may struggle to find secure and stable housing, the organization addresses a critical need within the community. The interest subsidy received from HUD under Section 236 of the National Housing Act enables the organization to lower rental costs, enhancing accessibility for families facing financial challenges.
This commitment to affordable housing not only supports individual families but also contributes to the overall well-being of the community by fostering stability and promoting inclusive living environments. The efforts of Mt. Carmel Gardens Inc. help alleviate some of the pressures of the housing crisis, ensuring that vulnerable populations have a place to call home.
This information is meant to be a general summary of Mt Carmel Gardens Inc C/O Crm 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 2022.
- Investment Income: $69
- Program Service Revenue: $698,563
- Gross Receipts: $726,777
Assets and Liabilities:
- Total Assets: $824,232
- Total Liabilities: $112,369
- Net Assets: $711,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$698,563
Organization Details
Founding Year
1974
Phone
(609) 646-8861Principal Officer
Reverend Dr Donald D Moo
Main Address
36 SOUTH MAIN STREET, PLEASANTVILLE, NJ, 08232
NTEE Category
Code: L21 - Housing
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