Overview
What is Edison Affordable Housing Inc?
Edison Affordable Housing Inc is a nonprofit organization situated in Edison, New Jersey, committed to providing affordable housing solutions for low-income and very low-income families. Their primary mission is to ensure that these families have access to safe and decent living spaces, contributing significantly to their community. The organization's activities center around offering low-income housing, which is a crucial service that addresses the housing needs of individuals who might otherwise struggle to secure adequate housing. By providing such accommodations, Edison Affordable Housing Inc plays a vital role in promoting social equality and fostering a supportive environment in the community it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Edison Affordable Housing Inc has received a low rating of 50%, resulting in a One-Star out of Four Stars designation from Charity Navigator. This score reflects significant concerns regarding the organization's accountability and financial practices, particularly highlighted by the absence of independent board members and a lack of critical policies, such as conflict of interest and whistleblower protections.
Despite these shortcomings, the organization demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 88.84%. This indicates that a substantial portion of its expenditures are directed towards its programs rather than administrative costs. However, the lack of transparency and proper governance structures may raise concerns among potential donors and stakeholders.
Overall, while Edison Affordable Housing Inc effectively uses its funds for programs, the glaring deficiencies in governance and accountability could pose risks to its long-term sustainability and trustworthiness. Interested individuals and donors should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Edison Affordable Housing Inc legitimate?
Edison Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edison Affordable Housing 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 Edison Affordable Housing Inc?
Edison Affordable Housing Inc is committed to providing decent, secure, and reasonably priced housing for families with low and very low income levels. This non-profit organization's mission is centered around ensuring that these families have access to suitable housing, thereby enhancing their living conditions. Edison Affordable Housing Inc achieves this by offering various housing programs designed to cater to the needs of those in financial hardship. The organization's activities primarily focus on delivering affordable housing solutions.
Who is the CEO of Edison Affordable Housing Inc?
Carlos Sanchez is the President of Edison Affordable Housing Inc.
What is the revenue of Edison Affordable Housing Inc?
Edison Affordable Housing Inc's revenue in 2023 was $58,408.
Who are the executives of Edison Affordable Housing 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 Edison Affordable Housing Inc?
Edison Affordable Housing Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Edison Affordable Housing Inc
Edison Affordable Housing Inc, a nonprofit organization, is dedicated to providing decent, safe, and affordable housing solutions to low-income and very low-income families. The mission of this organization is to make a significant impact in the lives of those in need, ensuring they have access to secure and reasonably priced residences. By offering such housing options, Edison Affordable Housing Inc aims to uplift the community and contribute to a more equitable society. The organization's programs are tailored to meet the housing demands of those who may not be able to secure homes otherwise, thereby promoting a sense of stability and well-being among the beneficiaries.
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Impact
August, 2024
Edison Affordable Housing Inc's impact lies in its crucial mission to provide decent, safe, and affordable housing to low and very low-income families in the township of Edison, New Jersey. By offering housing programs tailored to those in need, this organization plays a vital role in addressing housing insecurity and improving the quality of life for vulnerable populations in the community. Through their efforts, they contribute to creating more stable and sustainable living conditions for individuals and families facing economic challenges.
This information is meant to be a general summary of Edison Affordable Housing 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 2023.
- Investment Income: $221
- Program Service Revenue: $58,187
- Gross Receipts: $58,408
Assets and Liabilities:
- Total Assets: $735,541
- Total Liabilities: $29,637
- Net Assets: $705,904
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT & DEVELOPER FEES
Revenue
$35,372
RENTAL REVENUE
Revenue
$22,815
Organization Details
Founding Year
2005
Phone
(908) 561-2525Principal Officer
Carlos Sanchez
Main Address
14 THE REV SAMUEL CARPENTER BLVD, EDISON, NJ, 08820
NTEE Category
Code: L20 - Housing
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