Overview
What is Housing Initiatives Of Princeton Charitable Trust?
Housing Initiatives of Princeton Charitable Trust, located in Princeton, New Jersey, is a nonprofit organization dedicated to alleviating homelessness among low-income working families and individuals. During the 2021-2022 fiscal year, they provided transitional housing to seven families, preventing homelessness and disruption for 8 children and 9 adults. Additionally, they offered rental assistance to 110 adults and 59 children, enabling them to maintain their housing. Housing Initiatives of Princeton collaborates with local agencies to enhance the effectiveness of their rental assistance program. Through two professional case managers, they offer over 150 hours of individualized supportive services, connecting families and children with resources such as employment advice, financial literacy, parenting workshops, and enrichment opportunities. Their mission is to provide affordable housing options that lead to permanent housing and sustained self-sufficiency for those facing homelessness or the imminent threat of homelessness in the Princeton, New Jersey area.
Official website here: www.housinginitiativesofprinceton.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Housing Initiatives Of Princeton Charitable Trust has achieved an impressive 97% rating from Charity Navigator, highlighting its strong performance in accountability and finance. With a program expense ratio of 89.21%, the organization allocates a significant portion of its resources to its programs, demonstrating a commitment to its mission. The organization boasts a fully independent board of directors, which enhances its governance and ensures that decisions are made impartially.
The charity has also implemented several policies that underscore its commitment to transparency and ethical practices, including a conflict of interest policy and a whistleblower policy. Furthermore, the absence of material diversion of assets indicates responsible stewardship of donor funds. The organization maintains comprehensive documentation, including board meeting minutes, which adds to its accountability.
However, while the charity scores high in financial management, it is always essential for potential donors and stakeholders to consider ongoing operational effectiveness and community impact. Overall, the strong ratings reflect a well-managed organization that prioritizes both accountability and program delivery.
This AI summary has been generated from information found on Charity Navigator.
Is Housing Initiatives Of Princeton Charitable Trust legitimate?
Housing Initiatives Of Princeton Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Initiatives Of Princeton Charitable Trust 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: $52,683
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,737
For more financial information, click here
Official website here: www.housinginitiativesofprinceton.org
What is the mission statement of Housing Initiatives Of Princeton Charitable Trust?
The Housing Initiatives Of Princeton Charitable Trust works to offer affordable housing options, facilitating a transition into permanent housing and sustained self-sufficiency. This is aimed at low-income working families and individuals who are either homeless or are at risk of becoming homeless. The organization's mission is to prevent homelessness and provide support to these families and individuals, helping them avoid homelessness and its associated disruptions. During the 2021-2022 fiscal year, Housing Initiatives Of Princeton provided transitional housing to seven families and rental assistance to 169 individuals, preventing homelessness for many. The trust also collaborates with local agencies to make rental assistance a more coordinated effort and offers individualized supportive services, such as employment advice, financial literacy workshops, and parenting classes, to connect families with beneficial resources.
Official website here: www.housinginitiativesofprinceton.org
What is the revenue of Housing Initiatives Of Princeton Charitable Trust?
Housing Initiatives Of Princeton Charitable Trust's revenue in 2024 was $663,337.
Official website here: www.housinginitiativesofprinceton.org
Who are the executives of Housing Initiatives Of Princeton Charitable Trust and what are their salaries?
There 49 volunteers at Housing Initiatives Of Princeton Charitable Trust.
Here are 17 key members and their salaries:
- 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: $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: $0
- Other: $0
- Compensation: $44,333
- Related: $0
- Other: $0
- Compensation: $26,417
- Related: $0
- Other: $0
Official website here: www.housinginitiativesofprinceton.org
Where can I find the form 990 for Housing Initiatives Of Princeton Charitable Trust?
Housing Initiatives Of Princeton Charitable Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.housinginitiativesofprinceton.org
Learn more at the official website: www.housinginitiativesofprinceton.org
Mission Statement of Housing Initiatives Of Princeton Charitable Trust
Housing Initiatives Of Princeton, a charitable trust, is committed to providing affordable housing options to aid low-income working families and individuals who are either homeless or facing imminent homelessness. Their mission is to facilitate a smooth transition into permanent housing and ensure sustained self-sufficiency for these vulnerable groups.
By offering affordable housing options, Housing Initiatives Of Princeton aims to prevent homelessness and minimize disruptions in the lives of qualified individuals and families. During the July 2021 to June 2022 fiscal year, the organization successfully housed seven families consisting of eight children and nine adults through its transitional housing program. Furthermore, Housing Initiatives Of Princeton provided rental assistance, covering back rent and security deposits, for 110 adults and 59 children. This assistance allowed these individuals to avoid homelessness and maintain some stability in their lives.
In addition to its housing initiatives, Housing Initiatives Of Princeton collaborates with other helping agencies in the area to provide a more coordinated effort in providing rental assistance. Through two professional case managers it contracts, as well as board liaisons, over 150 hours of individualized supportive services were provided to connect families and children with beneficial resources. These resources included employment advice, financial literacy programs, parenting workshops, and enrichment opportunities for the growth and education of parents and children. Housing Initiatives Of Princeton plays a crucial role in supporting these families during their journey towards self-sufficiency.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Housing Initiatives Of Princeton Charitable Trust has had a significant impact on the Princeton community by providing affordable housing options to low-income working families and individuals facing homelessness. During the fiscal year 2021-2022, the organization offered transitional housing to seven families, including 8 children and 9 adults. Additionally, they provided rental assistance to 110 adults and 59 children, preventing homelessness and bringing stability to their lives.
Through their collaborative efforts with other agencies, Housing Initiatives Of Princeton Charitable Trust made a coordinated effort in providing rental assistance, ensuring a more comprehensive support system for those in need. The organization also invested over 150 hours in individualized supportive services, focusing on connecting families and children with essential resources like employment advice, financial literacy, parenting workshops, and educational opportunities.
Overall, Housing Initiatives Of Princeton Charitable Trust's dedication to supporting low-income families and individuals in Princeton has made a tangible difference in the lives of those facing housing insecurity, offering them a pathway towards permanent housing and sustained self-sufficiency.
This information is meant to be a general summary of Housing Initiatives Of Princeton Charitable Trust. 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 2024.
- Investment Income: $6,066
- Program Service Revenue: $40,365
- Gross Receipts: $691,290
Assets and Liabilities:
- Total Assets: $740,507
- Total Liabilities: $149,385
- Net Assets: $591,122
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$40,365
Organization Details
Founding Year
2010
Principal Officer
Thomas Pinneo
NTEE Category
Code: L40 - Housing
If you are a representative of Housing Initiatives Of Princeton Charitable Trust and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.