Overview
What is North Bergen Renaissance Corp?
North Bergen Renaissance Corp is a dedicated nonprofit organization based in North Bergen, New Jersey. With a mission to serve the community, they manage a low-income senior housing project, providing a home for 105 elderly residents. Their efforts are focused on enhancing the living conditions of senior citizens, ensuring they have access to a secure and comfortable environment. With a modest workforce of 11 individuals, North Bergen Renaissance Corp strives to make a positive impact on the lives of seniors in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Star Rating)
The North Bergen Renaissance Corp has received a Two-Star rating from Charity Navigator, indicating some areas of concern regarding its financial health and transparency. While it scored well in various accountability measures, including having a majority independent board and a strong program expense ratio, its overall rating reflects significant issues related to its liabilities and missing documentation.
In terms of strengths, the organization has demonstrated effective governance practices, such as maintaining a conflict of interest policy and proper documentation of board meeting minutes. Its program expense ratio is commendable at 90.49%, suggesting that a substantial portion of its funding is directed towards its programs, which is a positive sign for potential donors.
However, the organization faces limitations, particularly with its liabilities to assets ratio, which stands at an alarming 169.37%. Additionally, the absence of key documents like its tax form and whistleblower policy raises concerns about transparency and accountability. Addressing these issues could enhance its standing and trustworthiness among supporters and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is North Bergen Renaissance Corp legitimate?
North Bergen Renaissance Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Bergen Renaissance Corp 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: $341,902
For more financial information, click here
What is the mission statement of North Bergen Renaissance Corp?
North Bergen Renaissance Corp's mission is centered around managing a low-income senior housing project. Their primary role involves providing a suitable living environment for elderly individuals who are financially disadvantaged. This corporation manages a 105-unit facility, specifically designed for senior citizens, ensuring they have a comfortable and supportive living space. By overseeing this project, North Bergen Renaissance Corp contributes to the well-being of senior citizens in need.
Who is the CEO of North Bergen Renaissance Corp?
Gerald J Sanzari is the Vice-President of North Bergen Renaissance Corp.
What is the revenue of North Bergen Renaissance Corp?
North Bergen Renaissance Corp's revenue in 2022 was $501,959.
Who are the executives of North Bergen Renaissance Corp and what are their salaries?
The average compensation at North Bergen Renaissance Corp during 2022 was $31,082. There are 11 employees at North Bergen Renaissance Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $48,000
- 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 North Bergen Renaissance Corp?
North Bergen Renaissance Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Bergen Renaissance Corp
North Bergen Renaissance Corp, as a nonprofit organization, is dedicated to managing a low-income senior housing project. This project provides a safe and comfortable living environment for elderly residents, providing them with 105 units in total. The corporation's mission is centered around ensuring that senior citizens in need have access to adequate housing, promoting a sense of community and dignity among its residents. By managing this facility, North Bergen Renaissance Corp contributes to the well-being and overall quality of life for these senior citizens, allowing them to age with dignity and security.
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
North Bergen Renaissance Corp provides essential housing services for low-income senior citizens in North Bergen, New Jersey. Through managing a 105 unit facility, this organization offers a safe and affordable living environment for seniors in need. Their impact can be seen in the improved quality of life and stability they provide to this vulnerable population. By addressing the housing needs of low-income seniors, North Bergen Renaissance Corp contributes significantly to the well-being and dignity of these individuals in the community.
This information is meant to be a general summary of North Bergen Renaissance Corp. 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: $1,620
- Program Service Revenue: $500,339
- Gross Receipts: $501,959
Assets and Liabilities:
- Total Assets: $435,948
- Total Liabilities: $726,086
- Net Assets: -$290,138
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.
MANAGEMENT FEE
Revenue
$480,739
OTHER INCOME
Revenue
$19,600
Organization Details
Founding Year
1999
Phone
(201) 868-8605Principal Officer
Gerald J Sanzari
Main Address
6201 GRAND AVE, NORTH BERGEN, NJ, 07047
NTEE Category
Code: L22 - Housing
If you are a representative of North Bergen Renaissance Corp 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.