Overview
What is Nj Hand Inc?
Nj Hand Inc is a nonprofit organization, headquartered at 8 Cole's Way, Lakewood, New Jersey. Their primary focus is on developing and selling affordable housing options for low and moderate-income families. With a modest workforce of two individuals, the organization is dedicated to making housing accessible for those who might otherwise struggle to afford it. By investing in affordable housing projects, Nj Hand Inc contributes to the overall well-being and stability of the communities they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Nj Hand Inc has received a Three-Star rating from Charity Navigator, reflecting solid performance in its accountability and finance practices. The organization scores particularly well in areas such as having a fully independent board and strong conflict of interest and whistleblower policies, which are essential for maintaining transparency and trust. The high program expense ratio of approximately 92% indicates that a significant portion of its funds is directed towards its programs rather than administrative costs.
However, while Nj Hand Inc boasts many strengths, its liabilities to assets ratio of around 70.48% raises some concerns about the organization's financial stability. This suggests that the organization may have a high level of debt compared to its assets, which could potentially impact its long-term sustainability. Nevertheless, the absence of any material diversion of assets and the comprehensive governance policies contribute positively to its overall rating.
In summary, Nj Hand Inc demonstrates a commitment to accountability and effective financial management, with notable strengths in board independence and program funding. Potential supporters may wish to consider the financial stability aspect when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Nj Hand Inc legitimate?
Nj Hand Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nj Hand 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: $33,378
For more financial information, click here
What is the mission statement of Nj Hand Inc?
Nj Hand Inc's mission is centered around addressing housing needs for families with modest incomes. They strive to develop and sell affordable housing units, thereby providing a viable living solution for this demographic. This organization is committed to making a tangible impact on the lives of these families, ensuring they have access to decent and affordable housing. Additionally, Nj Hand Inc's activities extend beyond just development, as they also work towards selling these housing units, thereby making the dream of affordable homeownership a reality for many families.
Who is the CEO of Nj Hand Inc?
Shmuel Lefkowitz is the Assistant Vp of Nj Hand Inc.
What is the revenue of Nj Hand Inc?
Nj Hand Inc's revenue in 2022 was $484,898.
Who are the executives of Nj Hand Inc and what are their salaries?
The average compensation at Nj Hand Inc during 2022 was $16,689. There are 2 employees and 5 volunteers at Nj Hand Inc.
Here are 6 key members and their salaries:
- Compensation: $175,541
- 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
Where can I find the form 990 for Nj Hand Inc?
Nj Hand Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nj Hand Inc
Nj Hand Inc, a nonprofit organization, is dedicated to a significant mission. They strive to develop affordable housing options for families with low and moderate incomes. This mission is twofold; they not only develop such housing but also sell it to qualified individuals and families. By doing so, Nj Hand Inc aims to contribute to the housing needs of a segment of society that often faces financial challenges in securing decent and affordable living spaces.
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Impact
July, 2024
Nj Hand Inc's impact can be seen in the development of affordable housing for low and moderate-income families in Lakewood, NJ. By focusing on creating opportunities for these families to own a home, Nj Hand Inc plays a crucial role in addressing the housing needs of this demographic. Through their efforts, they help to create stability and improve the quality of life for individuals and families who may otherwise struggle to find suitable and affordable housing options. This not only provides a sense of security and belonging for these families but also contributes to the overall well-being of the community by promoting homeownership and economic stability.
This information is meant to be a general summary of Nj Hand 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: -$64,573
- Program Service Revenue: $547,971
- Gross Receipts: $1,207,926
Assets and Liabilities:
- Total Assets: $17,003,704
- Total Liabilities: $11,985,861
- Net Assets: $5,017,843
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HOUSING UNITS
Revenue
$547,971
Organization Details
Founding Year
2003
Phone
(732) 367-6090Principal Officer
Shmuel Lefkowitz
Main Address
8 COLES WAY, LAKEWOOD, NJ, 08701
NTEE Category
Code: L20 - Housing
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