Overview
What is High Street Uaw Senior Citizens Hsg Corp?
High Street UAW Senior Citizens Hsg Corp, operating under the name Thomas Natchuras Apartments, is a nonprofit organization situated in New Brunswick, New Jersey. Its primary mission is to provide affordable and subsidized housing for individuals who meet certain eligibility criteria set by either the US Department of Housing and Urban Development (HUD) or the New Jersey Housing and Mortgage Finance Agency (HMFA). The organization limits the rental of its apartments to individuals who qualify for these affordable housing programs, requiring income qualifications in line with federal and state laws. High Street UAW's aim is to serve a public purpose by offering housing opportunities to low and moderate-income disabled or senior citizens in New Jersey. It continues to operate its housing community under New Jersey's regulations, enabling non-profit entities to develop and manage affordable housing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
High Street Uaw Senior Citizens Hsg Corp, operating as Thomas Natchuras Apartments, has achieved a commendable Four-Star out of Four Star rating, reflecting its strong performance in accountability and finance. The overall score is derived entirely from a single beacon score, with a notable emphasis on financial practices and governance. The organization demonstrates a solid commitment to transparency, evidenced by their high marks in areas such as board independence and the presence of essential policies.
The organization boasts a 63% independent board, showcasing a commitment to governance and oversight. Their financial integrity is further highlighted by a low liabilities to assets ratio of 33.65%, and a remarkable program expense ratio of 92.64%, indicating that a substantial portion of their resources is directed toward their programs rather than administrative costs. The presence of documented policies regarding whistleblower protections and conflict of interest further enhances their credibility.
While the data indicates strong financial practices and governance, there are no noted limitations in the ratings provided, suggesting that the organization maintains effective operational standards. This level of accountability positions High Street Uaw Senior Citizens Hsg Corp as a reliable nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is High Street Uaw Senior Citizens Hsg Corp legitimate?
High Street Uaw Senior Citizens Hsg Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Street Uaw Senior Citizens Hsg 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: $315,050
For more financial information, click here
What is the mission statement of High Street Uaw Senior Citizens Hsg Corp?
High Street UAW, operating under the name Thomas Natchuras Apartments, is committed to serving a public purpose by providing and promoting affordable housing opportunities for low and moderate-income disabled or senior citizens in New Jersey. In line with the state's policy allowing non-profit entities to develop and operate such housing, High Street UAW continues to operate the housing community, ensuring affordable living options remain accessible for its targeted population.
Who is the CEO of High Street Uaw Senior Citizens Hsg Corp?
Joe Latoof is the President of High Street Uaw Senior Citizens Hsg Corp.
What is the revenue of High Street Uaw Senior Citizens Hsg Corp?
High Street Uaw Senior Citizens Hsg Corp's revenue in 2022 was $1,562,564.
Who are the executives of High Street Uaw Senior Citizens Hsg Corp and what are their salaries?
The average compensation at High Street Uaw Senior Citizens Hsg Corp during 2022 was $28,641. There are 11 employees at High Street Uaw Senior Citizens Hsg Corp.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $206,727
- Other: $4,958
- Compensation: $0
- Related: $58,163
- Other: $1,874
- Compensation: $0
- Related: $58,163
- Other: $924
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $61,913
- Other: $696
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $161,998
- Other: $2,875
- Compensation: $0
- Related: $166,806
- Other: $33,202
- Compensation: $0
- Related: $148,008
- Other: $14,646
- Compensation: $0
- Related: $106,047
- Other: $32,555
Where can I find the form 990 for High Street Uaw Senior Citizens Hsg Corp?
High Street Uaw Senior Citizens Hsg Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of High Street Uaw Senior Citizens Hsg Corp
High Street UAW Senior Citizens Housing Corp., also known as Thomas Natchuras Apartments, is dedicated to serving a public purpose and promoting affordable housing opportunities for low-income disabled or senior citizens in New Jersey. In line with its mission, the organization operates a housing community, adhering to a state policy that allows for the establishment and operation of affordable housing by non-profit entities. The primary goal of High Street UAW is to provide a supportive living environment for this specific demographic, ensuring they have access to housing that fits their financial means.
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Impact
October, 2024
High Street Uaw Senior Citizens Housing Corp significantly enhances the quality of life for low and moderate-income senior citizens and individuals with disabilities in New Jersey. By providing affordable and subsidized housing options, it addresses critical housing needs for vulnerable populations who may otherwise struggle to find safe and suitable living conditions.
The organization prioritizes individuals based on their specific needs and ensures that its housing initiatives comply with federal and state income qualifications. This targeted approach helps maintain a diverse community of residents who share similar economic challenges. The incorporation of deed restrictions and financial agreements with agencies like HUD and HMFA ensures that the housing remains accessible to those who require it the most.
Moreover, High Street Uaw actively fosters community development by creating a supportive environment for its residents. This initiative not only aids in securing stability for low-income families and individuals but also promotes social engagement among seniors and disabled individuals, contributing to a more inclusive and connected community. Ultimately, High Street Uaw plays a vital role in alleviating housing insecurity, improving residents' standard of living, and helping to foster economic stability within New Brunswick, NJ.
This information is meant to be a general summary of High Street Uaw Senior Citizens Hsg 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.
- Program Service Revenue: $377,192
- Gross Receipts: $1,562,564
Assets and Liabilities:
- Total Assets: $3,810,196
- Total Liabilities: $1,353,232
- Net Assets: $2,456,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$372,643
OTHER REVENUE
Revenue
$4,549
Organization Details
Founding Year
1973
Phone
(732) 640-2088Principal Officer
Joe Latoof
Main Address
88 HUNTING STREET, NEW BRUNSWICK, NJ, 08901
NTEE Category
Code: L22Z - Housing
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