Overview
What is Cape May Project Inc?
Cape May Project Inc is a nonprofit organization situated in Freehold, New Jersey, with an address at 11 Spring Street. Their primary mission is to support and cater to the needs of elderly and disabled individuals, ensuring their well-being and happiness in their later years. They accomplish this by offering specialized housing facilities and services, tailored to address their unique physical, social, and psychological needs. Through these resources, the organization aims to enhance their health, security, and overall quality of life, enabling them to live more fulfilling lives for an extended period.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (65%, Two-Star out of Four Star rating)
Cape May Project Inc has received a rating of "Needs Improvement," indicating several areas that require attention, particularly in financial accountability and transparency. The organization scored well in governance areas, such as having a fully independent board and strong program expense ratios, which suggests effective allocation of resources towards its mission.
However, significant concerns arise from the organization's financial practices. The liabilities to assets ratio is notably high at 119.04%, indicating potential financial instability. Additionally, Cape May Project Inc has not made critical documents publicly available, such as its tax forms and policies related to whistleblowing and document retention, leading to a lack of transparency that could affect donor trust.
Overall, while Cape May Project Inc demonstrates strong governance and program spending, it needs to address its financial liabilities and improve its transparency by making key documents accessible to the public to enhance its overall standing and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Cape May Project Inc legitimate?
Cape May Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape May Project 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: $0
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What is the mission statement of Cape May Project Inc?
Cape May Project Inc's mission is centered around providing specialized housing facilities and services for elderly or disabled individuals. The organization aims to cater to their physical, social, and psychological needs, enhancing their health, security, happiness, and overall usefulness in living longer. The primary goal is to promote a fulfilling life for these individuals, ensuring their well-being and happiness in their later years.
Who is the CEO of Cape May Project Inc?
Victor Luna is the President of Cape May Project Inc.
What is the revenue of Cape May Project Inc?
Cape May Project Inc's revenue in 2022 was $64,036.
Who are the executives of Cape May Project Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 Cape May Project Inc?
Cape May Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cape May Project Inc
Cape May Project Inc, a nonprofit organization, is dedicated to supporting elderly or disabled individuals by offering them specialized housing facilities and services. The primary goal of this organization is to cater to the physical, social, and psychological needs of these individuals, ultimately promoting their health, security, happiness, and usefulness as they live longer. By providing these accommodations and services, Cape May Project Inc seeks to enhance the overall well-being of its residents, ensuring they can live fulfilling lives with dignity and independence.
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Impact
August, 2024
Cape May Project Inc positively impacts the lives of elderly or disabled individuals by providing them with specialized housing facilities and services tailored to meet their physical, social, and psychological needs. This organization aims to promote the health, security, happiness, and overall well-being of its residents, enabling them to lead longer and more fulfilling lives. By focusing on the unique requirements of this demographic, Cape May Project Inc plays a key role in enhancing the quality of life for those in its care.
This information is meant to be a general summary of Cape May Project 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: $51
- Program Service Revenue: $63,756
- Gross Receipts: $64,036
Assets and Liabilities:
- Total Assets: $1,178,856
- Total Liabilities: $1,403,369
- Net Assets: -$224,513
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$63,756
Organization Details
Founding Year
2009
Phone
(732) 780-1175Principal Officer
Victor Luna
Main Address
11 SPRING STREET, FREEHOLD, NJ, 07728
NTEE Category
Code: L22 - Housing
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