Overview
What is The Affordable Rental Housing Association At Tavistockinc?
The Affordable Rental Housing Association At Tavistockinc is a nonprofit organization situated in Cherry Hill, New Jersey. It specializes in providing affordable housing solutions by owning and renting out 48 condominium units. These units are primarily occupied by 47 low and very low income families, with one unit remaining vacant. The organization's mission is centered around making housing accessible for families with moderate incomes, thereby contributing positively to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. This rating indicates some concerns regarding the organization's accountability and financial transparency. While the Affordable Rental Housing Association At Tavistockinc has achieved a strong score for independent board membership and has demonstrated a solid program expense ratio, it still falls short in critical areas such as financial statement availability and adherence to best practices for governance.
The organization boasts 100% independent board members and shows no material diversion of assets, which highlights a commitment to ethical practices. However, significant gaps remain, including the absence of a conflict of interest policy, whistleblower policy, and proper documentation regarding board meeting minutes. The organization's liabilities to assets ratio is also commendable at 3.49%, indicating good management of financial obligations.
Despite these strengths, the lack of transparency, as evidenced by missing financial statements and the nonprofit's website not being listed on the tax form, raises red flags for potential donors and stakeholders. For The Affordable Rental Housing Association At Tavistockinc to enhance its reputation and effectiveness, addressing these governance and financial reporting concerns should be a priority.
This AI summary has been generated from information found on Charity Navigator.
Is The Affordable Rental Housing Association At Tavistockinc legitimate?
The Affordable Rental Housing Association At Tavistockinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Affordable Rental Housing Association At Tavistockinc 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 The Affordable Rental Housing Association At Tavistockinc?
The Affordable Rental Housing Association at Tavistockinc is committed to providing affordable rental housing units. This organization caters to low and moderate-income households, ensuring that 47 families have access to these condominium units. Despite having one vacant unit, the corporation's primary goal remains unchanged. By offering affordable housing, this association aims to contribute to the well-being and stability of families in need.
Who is the CEO of The Affordable Rental Housing Association At Tavistockinc?
Rabbi Steven Lindemann is the Trustee of The Affordable Rental Housing Association At Tavistockinc.
What is the revenue of The Affordable Rental Housing Association At Tavistockinc?
The Affordable Rental Housing Association At Tavistockinc's revenue in 2022 was $1,067,660.
Who are the executives of The Affordable Rental Housing Association At Tavistockinc and what are their salaries?
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 The Affordable Rental Housing Association At Tavistockinc?
The Affordable Rental Housing Association At Tavistockinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Affordable Rental Housing Association At Tavistockinc
The Affordable Rental Housing Association at Tavistockinc is committed to providing affordable rental housing units for low and moderate-income households. This nonprofit organization owns and manages 48 condominium units, of which 47 are currently rented out to families falling under the low-income bracket. Despite having one vacant unit, the association's primary focus remains on making housing accessible for those with limited financial resources. By offering affordable rental units, the organization contributes to the well-being and stability of these families, thereby enhancing their overall quality of life.
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Impact
July, 2024
The Affordable Rental Housing Association At Tavistockinc's impact can be seen in its provision of affordable rental housing units for low and moderate-income households in Cherry Hill, NJ. The organization owns 48 condominium units which are rented out to 47 families in need. By offering these housing options, the association contributes to addressing the housing challenges faced by individuals and families with limited financial resources. Its mission to provide affordable housing aligns with the goal of ensuring that more people have access to decent and affordable living arrangements.
This information is meant to be a general summary of The Affordable Rental Housing Association At Tavistockinc. 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: $15,176
- Program Service Revenue: $523,454
- Gross Receipts: $1,125,158
Assets and Liabilities:
- Total Assets: $2,988,747
- Total Liabilities: $61,994
- Net Assets: $2,926,753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTALS
Revenue
$523,454
Organization Details
Founding Year
1986
Phone
(856) 432-8706Principal Officer
Rabbi Steven Lindemann
Main Address
CO CHERRY HILL TWP 820 MERCER ST, CHERRY HILL, NJ, 08002
NTEE Category
Code: L20Z - Housing
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