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Fair Share Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 474868806 ✦ Oakland, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Fair Share Foundation Inc?

Fair Share Foundation Inc, located in Oakland, New Jersey, is a nonprofit organization that specializes in providing affordable housing solutions. Their mission encompasses three main aspects: offering low-priced rent to individuals who might otherwise struggle to afford it, facilitating homeownership opportunities for middle and low-income families, and extending interest-free loans to individuals who cannot afford the higher interest rates. By implementing these initiatives, Fair Share Foundation Inc aims to contribute positively to the community and ensure housing accessibility for a wide range of income levels.

Is Fair Share Foundation Inc legitimate?

Fair Share Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fair Share Foundation 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 Fair Share Foundation Inc?

The Fair Share Foundation Inc's mission is centered around providing affordable living solutions. It aims to offer low-cost rent to individuals who would otherwise be unable to afford it. Moreover, the foundation strives to make homeownership a possibility for middle and low-income families. Additionally, it provides interest-free loans to individuals who cannot afford higher interest rates. In essence, the foundation's mission is to enhance access to affordable housing and homeownership opportunities for those in need.

Who is the CEO of Fair Share Foundation Inc?

Issachar Taub is the President of Fair Share Foundation Inc.

What is the revenue of Fair Share Foundation Inc?

Fair Share Foundation Inc's revenue in 2022 was $328,870.

Who are the executives of Fair Share Foundation Inc and what are their salaries?

There 1 volunteer at Fair Share Foundation Inc.


Here are 3 key members and their salaries:


Jeno Guttman (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Issachar Taub (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Berel Rosenbaum (Former Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Fair Share Foundation Inc?

Fair Share Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Fair Share Foundation Inc

Fair Share Foundation Inc, as its mission statement suggests, is committed to providing affordable housing solutions for individuals who might otherwise struggle to secure adequate housing. The organization's primary goal is to make low-cost rentals available to those in need. Beyond this, Fair Share Foundation Inc also aims to facilitate homeownership for middle and low-income families. To achieve this, the foundation offers interest-free loans to individuals who cannot afford the higher rates typically associated with homeownership. By providing these essential services, Fair Share Foundation Inc strives to make housing more accessible and affordable for a wide range of individuals, thereby contributing to their overall well-being and stability.

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Impact




October, 2024

Fair Share Foundation Inc significantly impacts its community by providing affordable housing solutions for individuals who might otherwise struggle to secure a safe and stable living environment. By offering low-price rental options, the foundation helps alleviate financial burdens on those with limited resources, ensuring that more people can maintain their homes without the threat of eviction or homelessness.

Additionally, the organization focuses on making homeownership accessible for middle and low-income families. This effort not only fosters stability within the community but also empowers families to build equity and invest in their future.

Moreover, Fair Share Foundation Inc provides interest-free loans to individuals facing challenges with high-interest rates, further supporting those in need and allowing them to achieve financial independence. This comprehensive approach to housing affordability demonstrates a commitment to improving the quality of life for vulnerable populations in Oakland, NJ, and creates a ripple effect of positive change throughout the community.




This information is meant to be a general summary of Fair Share Foundation 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.

Revenue
$328,870 (2022)
Expenses
$482,843 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $328,870

Assets and Liabilities:

  • Total Assets: $3,844,562
  • Total Liabilities: $69,327
  • Net Assets: $3,775,235

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Organization Details

Founding Year

2015

Principal Officer

Issachar Taub

Main Address

39 BAILEY AVE, OAKLAND, NJ, 07436

NTEE Category

Code: L20 - Housing

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