Overview
What is Chasdei Shimon Inc?
Chasdei Shimon Inc, located in Lakewood, New Jersey, is a compassionate nonprofit organization. Their primary mission involves providing essential aid to families in need, distributing food and money as resources. Moreover, they offer short-term interest-free loans to individuals experiencing temporary financial difficulties. This nonprofit organization strives to alleviate hardship and support those in their community during challenging times. Word Count: 118
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
Chasdei Shimon Inc has received a 71% rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization boasts a fully independent board with a strong grasp of governance, scoring 100% for majority independent board members and an excellent 99.25% program expense ratio, indicating that nearly all funds are directed toward its programs. These factors contribute positively to its overall rating, showcasing the organization’s commitment to transparency and effective use of resources.
The organization shows strength in several areas, including a perfect score for material diversion of assets and a strong conflict of interest policy, which enhances its accountability. They also effectively document board meeting minutes, further reflecting their commitment to sound governance practices. Additionally, their liabilities to assets ratio is at 0.00%, which suggests a healthy financial state with no outstanding debts.
However, while the financial management seems robust, the overall rating of Two Stars indicates there may be areas for improvement that could elevate their standing. Potential donors and stakeholders may want to consider these ratings in conjunction with their personal values and priorities when evaluating support for the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Chasdei Shimon Inc legitimate?
Chasdei Shimon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chasdei Shimon 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
For more financial information, click here
What is the mission statement of Chasdei Shimon Inc?
Chasdei Shimon Inc, as a mission, is dedicated to providing assistance to impoverished families. They distribute essential resources, including food and monetary aid, to those in need. Furthermore, the organization offers short-term interest-free loans to individuals who require temporary financial support. The primary goal of Chasdei Shimon Inc is to alleviate the hardships faced by these families and provide them with the necessary funds to stabilize their living situations. The organization's activities are aimed at improving the well-being and stability of impoverished families, offering them a temporary respite from their financial struggles.
Who is the CEO of Chasdei Shimon Inc?
Aharon Epstein is the Trustee of Chasdei Shimon Inc.
What is the revenue of Chasdei Shimon Inc?
Chasdei Shimon Inc's revenue in 2022 was $1,466,620.
Who are the executives of Chasdei Shimon Inc and what are their salaries?
There 5 volunteers at Chasdei Shimon Inc.
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 Chasdei Shimon Inc?
Chasdei Shimon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chasdei Shimon Inc
Chasdei Shimon Inc, a nonprofit organization, is dedicated to assisting impoverished families. Its primary mission is twofold: distributing essential resources and offering short-term interest-free loans to individuals in need of temporary financial aid. Through this mission, Chasdei Shimon Inc provides food and monetary support to families struggling with poverty, aiming to alleviate their immediate hardships. Furthermore, the organization extends its help by offering interest-free loans to those facing temporary financial difficulties, enabling them to regain stability and independence. By providing both food aid and financial assistance, Chasdei Shimon Inc works tirelessly to uplift and support impoverished families, striving to improve their overall quality of life.
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Impact
July, 2024
Chasdei Shimon Inc's impact is evident in the direct distribution of food and money to impoverished families in need. Additionally, their provision of short-term interest-free loans offers crucial support to those facing temporary financial challenges. By addressing immediate needs and providing assistance to vulnerable individuals and families, Chasdei Shimon Inc plays a significant role in positively impacting the lives of those in their community.
This information is meant to be a general summary of Chasdei Shimon 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.
- Gross Receipts: $1,466,620
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2013
Phone
(732) 904-4800Principal Officer
Aharon Epstein
Main Address
132 E 8TH ST, LAKEWOOD, NJ, 08701
NTEE Category
Code: P99 - Human services
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