Overview
What is Garden State Community Development Corporation?
Garden State Community Development Corporation is a nonprofit organization headquartered in Jersey City, New Jersey, specifically at 118 Summit Avenue. Their primary mission is to foster healthy neighborhoods by engaging residents, businesses, government, and the faith-based community in community development initiatives. This involves serving those most vulnerable in society. The corporation provides supportive housing for individuals living with HIV, offering them essential social services. Additionally, they extend job skill training and employment assistance to underemployed and unemployed New Jersey residents. In the real estate sector, Garden State Community Development Corporation develops affordable and supportive housing and manages affordable rental properties. Furthermore, they offer first-time homebuyer education to New Jersey residents, aiming to empower local residents, businesses, and institutions to revitalize their communities mainly in Jersey City.
Official website here: www.gsecdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars
Garden State Community Development Corporation has received a one-star rating from Charity Navigator, indicating concerns about its overall financial health and accountability. While the organization has a fully independent board and shows good program expense ratios, it struggles with transparency, as evidenced by missing financial statements and policies. The liabilities to assets ratio is notably high, raising further concerns about financial stability.
Despite the challenges highlighted in the assessment, user feedback from Great Nonprofits paints a more favorable picture, with at least one reviewer praising the organization's neighborhood improvement efforts and community resource utilization. The positive comments suggest that while there are financial concerns, the impact on the community is recognized and valued by some stakeholders, encouraging volunteerism and support.
However, the lack of certain key policies and financial transparency restricts the ability of potential donors and supporters to fully trust the organization’s operations. Moving forward, addressing these limitations could enhance their accountability and overall score, potentially attracting more community support and improving their standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Garden State Community Development Corporation legitimate?
Garden State Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden State Community Development Corporation 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: $2,548,884
For more financial information, click here
Official website here: www.gsecdc.org
What is the mission statement of Garden State Community Development Corporation?
The Garden State Community Development Corporation's mission is to foster healthy neighborhoods by initiating community development projects that utilize the resources of residents, businesses, government, and the faith-based community. This is done primarily to serve those most vulnerable in society. The organization aims to empower residents, businesses, and other institutions, encouraging them to revitalize their local communities. The corporation provides supportive housing for individuals with HIV, offers social services to those displaced to emergency housing, provides job skill training and placement assistance for unemployed and under-employed New Jersey residents, engages in real estate development of affordable and supportive housing, manages affordable rental housing, and offers first-time home buyer education.
Official website here: www.gsecdc.org
Who is the CEO of Garden State Community Development Corporation?
Carol Mori is the Executive Di of Garden State Community Development Corporation.
Official website here: www.gsecdc.org
What is the revenue of Garden State Community Development Corporation?
Garden State Community Development Corporation's revenue in 2022 was $6,656,067.
Official website here: www.gsecdc.org
Who are the executives of Garden State Community Development Corporation and what are their salaries?
The average compensation at Garden State Community Development Corporation during 2022 was $35,900. There are 71 employees and 10 volunteers at Garden State Community Development Corporation.
Here are 15 key members and their salaries:
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Official website here: www.gsecdc.org
Where can I find the form 990 for Garden State Community Development Corporation?
Garden State Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gsecdc.org
Learn more at the official website: www.gsecdc.org
Mission Statement of Garden State Community Development Corporation
Garden State Community Development Corporation, a nonprofit organization, is committed to fostering healthy neighborhoods through community development initiatives. By leveraging the resources of residents, businesses, government, and the faith-based community, they aim to serve those most vulnerable in society. Their mission is to empower various entities, such as residents and businesses, to revitalize their local communities, primarily focusing on Jersey City, New Jersey.
In carrying out their mission, Garden State Community Development Corporation engages in several activities. They provide supportive housing for individuals living with HIV and offer social services to individuals displaced to emergency housing. Additionally, they offer job skill training and job placement assistance for unemployed and underemployed New Jersey residents. Furthermore, they engage in real estate development, focusing on the construction of affordable and supportive housing. Lastly, they manage affordable rental housing and provide first-time homebuyer education.
By implementing these initiatives, Garden State Community Development Corporation aims to revitalize local communities and improve the lives of those most in need. Their work is centered around empowering individuals and institutions to take an active role in shaping their neighborhoods, ultimately leading to a more vibrant and inclusive society.
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Impact
October, 2024
Garden State Community Development Corporation plays a critical role in revitalizing neighborhoods by fostering collaboration among residents, businesses, government, and the faith-based community, with a focus on supporting those who are most vulnerable. It offers supportive housing specifically for individuals living with HIV, as well as social services for those displaced to emergency housing.
In addition to addressing immediate housing needs, the organization provides job skill training and job placement assistance, helping unemployed and under-employed residents of New Jersey gain meaningful employment. Through real estate development initiatives, it creates affordable and supportive housing options, while also managing affordable rental properties to ensure long-term community stability.
Moreover, the Garden State Community Development Corporation educates first-time homebuyers, empowering them to navigate the housing market successfully. With a strong emphasis on community improvement, its efforts are instrumental in enhancing the quality of life and economic prospects in Jersey City, ultimately contributing to healthier, more vibrant neighborhoods.
This information is meant to be a general summary of Garden State Community Development Corporation. 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: -$1,894,177
- Program Service Revenue: $7,839,824
- Gross Receipts: $10,110,619
Assets and Liabilities:
- Total Assets: $17,032,219
- Total Liabilities: $15,170,732
- Net Assets: $1,861,487
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GRANT REVENUE
Revenue
$6,742,901
PROGRAM REVENUE
Revenue
$786,975
RENTAL INCOME
Revenue
$309,948
Organization Details
Founding Year
1986
Phone
(201) 209-9301Principal Officer
Carol Mori
Main Address
118 SUMMIT AVENUE, JERSEY CITY, NJ, 07304
Website
www.gsecdc.orgNTEE Category
Code: S20 - Community improvement
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