Overview
What is Atlantic Arms Devlopment Corporation?
Atlantic Arms Development Corporation is a nonprofit organization situated in Bergen County, committed to addressing the housing needs of its community. Their primary mission is to make affordable housing accessible for those in need. They accomplish this through their housing rehabilitation program, which aims to improve existing properties and offer suitable living spaces. The organization's efforts contribute significantly to enhancing the livelihoods of residents in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Atlantic Arms Development Corporation has achieved a high rating of 94%, reflecting strong performance in accountability and finance. This rating is significant as it indicates that the organization adheres to best practices in nonprofit governance, ensuring transparency and responsible management of resources.
The organization boasts a perfect score of 10 out of 10 for having a majority independent board, which is essential for unbiased decision-making. Additionally, it maintains a robust conflict of interest policy and a whistleblower policy, both of which are critical for ethical operations. The program expense ratio is notably high at 98.30%, indicating that a significant portion of its funding directly supports its programs.
While the organization appears to excel in financial management and governance, there are no specific user feedback comments available to highlight community perceptions or experiences. Overall, Atlantic Arms Development Corporation demonstrates a strong commitment to accountability, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Atlantic Arms Devlopment Corporation legitimate?
Atlantic Arms Devlopment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Atlantic Arms Devlopment 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: $0
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What is the mission statement of Atlantic Arms Devlopment Corporation?
Atlantic Arms Development Corporation, as part of its mission, focuses on providing affordable housing solutions. This is achieved primarily through their housing rehabilitation program, which is designed to cater to individuals in need. The organization's objective is to make affordable housing accessible to these individuals, thereby contributing to a more equitable living situation for them. The corporation's activities are centered around this mission, aiming to bridge the gap in housing affordability.
Who is the CEO of Atlantic Arms Devlopment Corporation?
Jimmie Miller is the President of Atlantic Arms Devlopment Corporation.
What is the revenue of Atlantic Arms Devlopment Corporation?
Atlantic Arms Devlopment Corporation's revenue in 2022 was $16,808.
Who are the executives of Atlantic Arms Devlopment Corporation and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Atlantic Arms Devlopment Corporation?
Atlantic Arms Devlopment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Atlantic Arms Devlopment Corporation
Atlantic Arms Development Corporation, as a nonprofit organization, is committed to providing affordable housing for those in need within Bergen County. Their primary mission is to offer housing rehabilitation programs, ensuring that affordable housing options are readily available for the community's less fortunate residents. By focusing on this crucial aspect, Atlantic Arms Development Corporation aims to bridge the gap in housing affordability, thereby contributing positively to the local community.
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Impact
August, 2024
Atlantic Arms Development Corporation has had a significant impact on the community of Bergen County in New Jersey by providing affordable housing through its housing rehabilitation program. Their mission to ensure access to affordable housing for those in need has helped countless residents find stable and secure living arrangements. Through their efforts, Atlantic Arms Development Corporation has made a positive difference in the lives of individuals and families facing housing challenges in the region.
This information is meant to be a general summary of Atlantic Arms Devlopment 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.
- Program Service Revenue: $7,800
- Gross Receipts: $16,808
Assets and Liabilities:
- Total Assets: $329,805
- Total Liabilities: $79,291
- Net Assets: $250,514
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,800
Organization Details
Founding Year
2011
Principal Officer
Jimmie Miller
Main Address
120 ATLANTIC STREET, Hackensack, NJ, 07601
NTEE Category
Code: L20 - Housing
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