Overview
What is Zichron Eliezer Shalom Inc?
Zichron Eliezer Shalom Inc is a human services organization based in Lakewood, New Jersey. This nonprofit organization's primary mission is to provide grants to assist indigents with their basic necessities through their Indigent Grants program. By offering financial aid, Zichron Eliezer Shalom Inc aims to improve the lives of those in need and help them maintain their daily existence. The organization operates with a specific focus on this particular area, demonstrating a commitment to alleviating hardship in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, Two-Star out of Four Star rating.
Zichron Eliezer Shalom Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of financial accountability and transparency. The overall score is primarily based on their performance in the Accountability & Finance beacon, which emphasizes the importance of good governance and financial practices. The organization boasts a strong independent board, with 100% of its members being independent and a minimal risk of asset diversion.
Despite its strengths, such as a high program expense ratio of 99.98% and adherence to conflict of interest policies, the organization faces significant challenges in its financial metrics. The liabilities to assets ratio stands at an alarming 407.01%, suggesting potential financial instability. Additionally, the absence of a whistleblower policy may raise concerns about internal governance and accountability.
Overall, while Zichron Eliezer Shalom Inc demonstrates solid practices in certain areas, the notable financial risks could be a point of concern for potential donors and supporters. It is essential for the organization to address its financial health to enhance its sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Zichron Eliezer Shalom Inc legitimate?
Zichron Eliezer Shalom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zichron Eliezer Shalom 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
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What is the mission statement of Zichron Eliezer Shalom Inc?
Zichron Eliezer Shalom Inc, an organization focused on human services, has a mission to aid indigents by granting funds for their basic necessities. This mission is carried out through their Indigent Grants program, which provides financial assistance to those in need. The organization's primary goal is to alleviate hardships and improve the living conditions of these individuals by meeting their essential needs. By offering grants, Zichron Eliezer Shalom Inc aims to contribute to the well-being and dignity of the indigent population.
Who is the CEO of Zichron Eliezer Shalom Inc?
Shimon Magid is the President of Zichron Eliezer Shalom Inc.
What is the revenue of Zichron Eliezer Shalom Inc?
Zichron Eliezer Shalom Inc's revenue in 2022 was $107,311.
Who are the executives of Zichron Eliezer Shalom Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Zichron Eliezer Shalom Inc?
Zichron Eliezer Shalom Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zichron Eliezer Shalom Inc
Zichron Eliezer Shalom Inc, a human services organization, is dedicated to assisting indigents by granting funds for their basic necessities. This nonprofit organization, through its Indigent Grants program, aims to alleviate the hardships faced by individuals who are financially struggling. By providing grants, Zichron Eliezer Shalom Inc seeks to help these individuals meet their fundamental needs, thereby improving their overall quality of life. The mission of Zichron Eliezer Shalom Inc is to extend a helping hand to those in need, ensuring they have the essentials they require to live with dignity.
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Impact
October, 2024
Zichron Eliezer Shalom Inc plays a crucial role in supporting vulnerable populations by providing essential financial assistance through its Indigent Grants program. By offering grants specifically aimed at helping individuals and families in need, this organization addresses critical gaps in access to basic necessities such as food, clothing, and shelter.
Situated in Lakewood, NJ, Zichron Eliezer Shalom positively impacts the local community by ensuring that those facing financial hardships can maintain a minimum standard of living. The organization helps to alleviate poverty and promote dignity among indigent individuals, enabling them to meet their basic needs and work towards improving their situations. Through this assistance, Zichron Eliezer Shalom fosters a sense of hope and support within the community, significantly enhancing the quality of life for its beneficiaries.
This information is meant to be a general summary of Zichron Eliezer Shalom 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: $107,311
Assets and Liabilities:
- Total Assets: $19,115
- Total Liabilities: $77,800
- Net Assets: -$58,685
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Organization Details
Founding Year
2015
Phone
(732) 691-5428Principal Officer
Shimon Magid
Main Address
228 RIDGE AVE, LAKEWOOD, NJ, 08701
NTEE Category
Code: P12 - Human services
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