Overview
What is Oyster Bay Urban Renewal Inc?
Oyster Bay Urban Renewal Inc is a nonprofit organization situated at 50 Beers Street, Keyport, New Jersey 07735. Its primary mission is to provide affordable housing options for senior citizens with low incomes. Established with this purpose in mind, the organization has dedicated its efforts towards fulfilling this need in the community. The team at Oyster Bay Urban Renewal Inc comprises seven individuals, all working towards this commendable goal.
Official website here: www.coughlinmgt.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
Oyster Bay Urban Renewal Inc has received an overall score of 84%, reflecting its commitment to accountability and financial management. This score is derived entirely from its Accountability & Finance metrics, demonstrating a strong emphasis on responsible practices. The organization boasts a 100% independent board, ensuring that governance is free from conflicts of interest.
The nonprofit excels in its financial oversight, with every aspect of its financial practices meeting high standards. This includes a perfect score for its audit and oversight committee and transparency in its financial statements. Additionally, the organization has shown diligence in adhering to numerous policies, ensuring proper governance and safeguarding of its assets.
However, while the financial and governance scores are commendable, the absence of information related to programmatic impact or community feedback limits a comprehensive evaluation. Although the financial health and governance are strong, insights into the effectiveness of its programs would provide a fuller picture of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Oyster Bay Urban Renewal Inc legitimate?
Oyster Bay Urban Renewal Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oyster Bay Urban Renewal 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: $27,405
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Official website here: www.coughlinmgt.com
What is the mission statement of Oyster Bay Urban Renewal Inc?
Oyster Bay Urban Renewal Inc was established with the mission to provide affordable senior housing for low-income senior citizens. The organization's primary activity is centered around this mission, aiming to make senior living more affordable for those in need. To accomplish this, they focus on providing resident senior housing. The organization's goal is to make a significant impact in the lives of senior citizens by addressing the housing affordability issue. It strives to create an environment where elderly individuals can live comfortably and independently, regardless of their financial circumstances.
Official website here: www.coughlinmgt.com
What is the revenue of Oyster Bay Urban Renewal Inc?
Oyster Bay Urban Renewal Inc's revenue in 2023 was $3,921,416.
Official website here: www.coughlinmgt.com
Who are the executives of Oyster Bay Urban Renewal Inc and what are their salaries?
The average compensation at Oyster Bay Urban Renewal Inc during 2023 was $3,426. There are 8 employees at Oyster Bay Urban Renewal Inc.
Here are 5 key members and their salaries:
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Official website here: www.coughlinmgt.com
Where can I find the form 990 for Oyster Bay Urban Renewal Inc?
Oyster Bay Urban Renewal Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.coughlinmgt.com
Learn more at the official website: www.coughlinmgt.com
Mission Statement of Oyster Bay Urban Renewal Inc
Oyster Bay Urban Renewal Inc, a nonprofit organization, was established with a mission to provide affordable senior housing for low-income senior citizens. The goal of this organization is to help alleviate the housing challenges faced by elderly individuals with limited financial means. By offering affordable residential units, Oyster Bay Urban Renewal Inc aims to ensure that senior citizens can maintain a dignified living standard, free from the burden of exorbitant housing costs. The organization's mission is an essential contribution to the community, ensuring that senior citizens can age with dignity and independence, without worrying about housing affordability.
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Impact
October, 2024
Oyster Bay Urban Renewal Inc plays a crucial role in addressing the housing needs of low-income senior citizens in Keyport, NJ. By providing affordable housing options specifically designed for seniors, the organization helps ensure that vulnerable populations have access to safe and dignified living conditions. This impact is significant as it supports not only the well-being of individual seniors but also contributes to the overall stability of the community by fostering an inclusive environment where older residents can thrive. Through its efforts, Oyster Bay Urban Renewal Inc alleviates the challenges many seniors face in finding affordable housing, thus enhancing their quality of life and fostering a sense of belonging within the community.
This information is meant to be a general summary of Oyster Bay Urban Renewal 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 2023.
- Investment Income: $21,500
- Program Service Revenue: $1,371,227
- Gross Receipts: $3,921,416
Assets and Liabilities:
- Total Assets: $23,250,569
- Total Liabilities: $15,700,736
- Net Assets: $7,549,833
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$1,395,951
ANTENNA RENTAL
Revenue
$23,425
EXCESS RENTS
Revenue
$1,920
LESS: RENTAL CONCESSIO
Revenue
-$17,550
LESS: VACANCY LOSSES
Revenue
-$32,519
Organization Details
Founding Year
1972
Principal Officer
Joseph Carey
Website
www.coughlinmgt.comNTEE Category
Code: L21 - Housing
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