Overview
What is Saltbox Homes Inc?
Saltbox Homes Inc, located in Ocean and Monmouth counties, is a dedicated nonprofit organization. Their primary mission is to create or enhance residential spaces for individuals with modest incomes, employing innovative and efficient strategies. This initiative is carried out through the construction of new homes and refurbishing of existing ones, focusing on Point Pleasant Beach, NJ. The organization's work aims to provide housing solutions that cater to the needs of individuals with limited resources, contributing positively to their community.
Official website here: www.saltboxhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%, Zero-Star out of Four Star rating.
Saltbox Homes Inc has received a low score of 26%, indicating significant concerns regarding its accountability and financial practices. The organization boasts a fully independent board, which is a positive aspect, but it has failed to demonstrate adequate governance in key areas such as board size and the implementation of essential policies like conflict of interest and whistleblower protections.
The nonprofit's financial transparency is also called into question, as it reported a liability to assets ratio of zero and a poor program expense ratio, which suggests it may not be effectively allocating its resources towards its mission. While some administrative practices, such as documenting board meeting minutes, are in place, many other critical compliance areas remain unaddressed. Overall, the organization's score reflects serious issues that potential donors and stakeholders should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Saltbox Homes Inc legitimate?
Saltbox Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saltbox Homes 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
Official website here: www.saltboxhomes.org
What is the mission statement of Saltbox Homes Inc?
Saltbox Homes Inc's mission is centered around constructing or renovating residences for individuals of modest income. They achieve this in Ocean and Monmouth counties, employing innovative and effective methods. The organization's activities extend beyond just building homes; they also refurbish existing properties to provide suitable living spaces. Their work is not limited to constructing new homes; they also engage in projects in Point Pleasant Beach, NJ. In essence, Saltbox Homes Inc aims to improve living conditions for people with limited resources, utilizing modern and efficient strategies.
Official website here: www.saltboxhomes.org
Who is the CEO of Saltbox Homes Inc?
William Taylor is the Vice President of Saltbox Homes Inc.
Official website here: www.saltboxhomes.org
What is the revenue of Saltbox Homes Inc?
Saltbox Homes Inc's revenue in 2022 was $130,720.
Official website here: www.saltboxhomes.org
Who are the executives of Saltbox Homes Inc and what are their salaries?
There 2 volunteers at Saltbox Homes Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.saltboxhomes.org
Where can I find the form 990 for Saltbox Homes Inc?
Saltbox Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saltboxhomes.org
Learn more at the official website: www.saltboxhomes.org
Mission Statement of Saltbox Homes Inc
Saltbox Homes Inc, a nonprofit organization, is committed to building or refurbishing existing residences in Ocean and Monmouth counties. Their mission is to develop homes for individuals of modest income, utilizing innovative and effective methods. By implementing these strategies, Saltbox Homes aims to provide housing solutions for those in need, demonstrating a dedication to community development and social welfare. The organization has shown its commitment to this cause through projects such as constructing homes in Point Pleasant Beach, New Jersey. Saltbox Homes Inc's work underscores their belief in the importance of affordable housing and their dedication to making a positive impact on the lives of those in need.
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Impact
October, 2024
Saltbox Homes Inc has a significant impact on the communities of Ocean and Monmouth counties by addressing the critical need for affordable housing. By building and refurbishing residences, the organization creates sustainable living options for individuals and families of modest income. Their innovative and effective methods ensure that these homes meet the quality standards needed for a safe and supportive living environment.
In particular, Saltbox Homes is dedicated to transforming Point Pleasant Beach, NJ, into a more inclusive community where people from various economic backgrounds can thrive. By focusing on constructing homes specifically for those in need, Saltbox Homes contributes to reducing housing instability and discrimination based on income. This not only benefits the residents but also enhances the overall social and economic health of the region. Through these efforts, Saltbox Homes helps to foster a sense of community, ensuring that everyone has access to safe and affordable housing.
This information is meant to be a general summary of Saltbox Homes 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.
- Investment Income: $172
- Gross Receipts: $169,657
Assets and Liabilities:
- Total Assets: $1,127,070
- Total Liabilities: $807,004
- Net Assets: $320,066
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Organization Details
Founding Year
2015
Phone
(732) 458-3800Principal Officer
William Taylor
Main Address
1838 BEACH BLVD, POINT PLEASANT BEACH, NJ, 08742
Website
www.saltboxhomes.orgNTEE Category
Code: L20 - Housing
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