Overview
What is Myers Senior Residence C/O Catholic Charities Of The Archdioces?
Myers Senior Residence, managed by Catholic Charities of the Archdiocese, is a nonprofit organization situated in Newark, New Jersey. With a modest workforce of three individuals, their primary mission is to provide 50 units of affordable housing for the elderly with low incomes. The organization's residential property, located at 590 North 7th Street, aims to address the housing needs of this vulnerable population and contribute to their overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Myers Senior Residence, part of Catholic Charities of the Archdiocese, has demonstrated strong performance in its accountability and finance, earning a commendable score of 94%. This rating reflects the charity's commitment to transparency and responsible financial practices, with a focus on utilizing funds effectively for its mission.
Organizational strengths include a fully independent board, which enhances governance and decision-making. The organization also boasts a high program expense ratio of 87.60%, indicating that a significant portion of its resources directly supports its programs. Additionally, its robust policies on conflict of interest, whistleblower protection, and document retention further strengthen its operational integrity.
However, while the organization excels in financial accountability, the summary does not provide specific information on program impact or community feedback, which are also critical elements for assessing a nonprofit's overall effectiveness. Nonetheless, its financial practices and governance structures position it as a trustworthy entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Myers Senior Residence C/O Catholic Charities Of The Archdioces legitimate?
Myers Senior Residence C/O Catholic Charities Of The Archdioces is a legitimate nonprofit organization registered as a 501(c)(3) entity. Myers Senior Residence C/O Catholic Charities Of The Archdioces 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: $84,460
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What is the mission statement of Myers Senior Residence C/O Catholic Charities Of The Archdioces?
Myers Senior Residence, under the auspices of Catholic Charities of the Archdiocese, has a mission to provide low-income housing for elderly individuals who are in need. The organization accomplishes this by offering 50 units of residential housing specifically designed for this demographic. This housing aim is to offer a supportive living environment for the elderly, ensuring they can maintain their independence and dignity while living within their means. The organization's mission is rooted in the belief that everyone deserves a safe and affordable place to call home, regardless of age or income level.
Who is the CEO of Myers Senior Residence C/O Catholic Charities Of The Archdioces?
John Westervelt is the President And Treasurer of Myers Senior Residence C/O Catholic Charities Of The Archdioces.
What is the revenue of Myers Senior Residence C/O Catholic Charities Of The Archdioces?
Myers Senior Residence C/O Catholic Charities Of The Archdioces's revenue in 2022 was $458,331.
Who are the executives of Myers Senior Residence C/O Catholic Charities Of The Archdioces and what are their salaries?
The average compensation at Myers Senior Residence C/O Catholic Charities Of The Archdioces during 2022 was $28,153. There are 3 employees at Myers Senior Residence C/O Catholic Charities Of The Archdioces.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Myers Senior Residence C/O Catholic Charities Of The Archdioces?
Myers Senior Residence C/O Catholic Charities Of The Archdioces's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Myers Senior Residence C/O Catholic Charities Of The Archdioces
Myers Senior Residence, under the auspices of Catholic Charities of the Archdiocese, is a dedicated organization that aims to provide low-income housing for elderly tenants. The mission of this nonprofit is to offer 50 units of residential housing specifically designed for the elderly, thereby contributing to their well-being and comfort. By offering this housing, Myers Senior Residence C/O Catholic Charities Of The Archdioces is playing a significant role in ensuring that low-income elderly individuals have a safe and secure living space, thereby enhancing their quality of life.
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Impact
July, 2024
Myers Senior Residence, operated by Catholic Charities of the Archdiocese, has a significant impact by providing 50 units of affordable housing for low-income elderly tenants in Newark, NJ. This initiative directly addresses the critical need for accessible and safe housing for vulnerable elderly individuals in the community. Through this housing program, Myers Senior Residence improves the quality of life for its residents by ensuring they have a stable and supportive living environment. This valuable service contributes to enhancing the overall well-being and security of the elderly population in Newark.
This information is meant to be a general summary of Myers Senior Residence C/O Catholic Charities Of The Archdioces. 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: $770
- Program Service Revenue: $457,512
- Gross Receipts: $458,331
Assets and Liabilities:
- Total Assets: $8,923,510
- Total Liabilities: $280,491
- Net Assets: $8,643,019
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD RENTAL ASSISTANCE
Revenue
$254,736
RENT - TENANT
Revenue
$202,776
Organization Details
Founding Year
2013
Phone
(973) 596-3984Principal Officer
John Westervelt
Main Address
590 NORTH 7TH STREET, NEWARK, NJ, 07107
NTEE Category
Code: L22 - Housing
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