Overview
What is Older American Housing In Spotswood Inc?
Older American Housing In Spotswood Inc, located at 250 Crescent Ave, Spotswood, NJ 08884, is a nonprofit organization dedicated to providing affordable housing for low-income eligible seniors. In accordance with their HUD contract (031-EE009), they offer low-rental housing units to meet the housing needs of this specific demographic. The organization, with a team of 15 employees, is committed to ensuring compliance with this contract and prioritizing the well-being of the senior community in Spotswood.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Older American Housing In Spotswood Inc has achieved an impressive score of 94%, reflecting a strong commitment to accountability and financial health. The rating is derived entirely from their Accountability & Finance score, which indicates that the organization demonstrates high standards in these areas. Their fiscal responsibility is evident as they maintain a low liabilities to assets ratio and allocate a significant portion of their budget to program expenses.
The organization is governed by a board composed entirely of independent members, highlighting transparency and minimizing conflicts of interest. They have implemented comprehensive policies, including those for conflict of interest, whistleblower protections, and document retention, further reinforcing their commitment to ethical governance.
Despite their strong performance, it is important to note that this rating focuses solely on accountability and finance, which means other aspects such as program effectiveness and impact may not be reflected in this score. However, the metrics available suggest that Older American Housing In Spotswood Inc is well-managed and dedicated to serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Older American Housing In Spotswood Inc legitimate?
Older American Housing In Spotswood Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Older American Housing In Spotswood 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: $88,242
Professional Fundraising Fees: $0
Other Salaries and Wages: $294,523
For more financial information, click here
What is the mission statement of Older American Housing In Spotswood Inc?
Older American Housing In Spotswood Inc is dedicated to providing low-income eligible seniors with affordable housing, adhering to the terms of their HUD contract, specifically contract number 031-EE009. The organization's primary purpose is to ensure senior citizens in need have a suitable living space, meeting the requirements set by the Housing and Urban Development (HUD). By offering low-rental housing, Older American Housing In Spotswood Inc aims to contribute positively to the lives of these seniors, providing them with a secure and comfortable living environment.
Who is the CEO of Older American Housing In Spotswood Inc?
Ken Van Wageninge is the Trustee of Older American Housing In Spotswood Inc.
What is the revenue of Older American Housing In Spotswood Inc?
Older American Housing In Spotswood Inc's revenue in 2022 was $1,595,059.
Who are the executives of Older American Housing In Spotswood Inc and what are their salaries?
The average compensation at Older American Housing In Spotswood Inc during 2022 was $25,518. There are 15 employees at Older American Housing In Spotswood Inc.
Here are 11 key members and their salaries:
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- Related: $151,232
- Other: $31,307
- Compensation: $83,715
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- Other: $4,527
- Compensation: $101,199
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- Other: $15,539
Where can I find the form 990 for Older American Housing In Spotswood Inc?
Older American Housing In Spotswood Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Older American Housing In Spotswood Inc
Older American Housing In Spotswood Inc, as a nonprofit organization, is committed to providing affordable housing solutions for low-income eligible senior citizens. In line with their contract with HUD, specifically HUD Contract 031-EE009, they offer low-rental housing options. This mission is crucial in ensuring that elderly individuals, who often have limited income, can still have access to decent and safe living spaces. By adhering to the guidelines set by HUD, Older American Housing In Spotswood Inc ensures compliance and provides a stable living environment for the seniors it serves.
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Impact
July, 2024
Older American Housing In Spotswood Inc's impact is significant, as it provides low-rental housing for low-income eligible seniors in compliance with HUD Contract 031-EE009. This organization plays a crucial role in addressing the housing needs of seniors in Spotswood, NJ, ensuring that they have access to safe and affordable housing options. By offering low-rental housing, Older American Housing In Spotswood Inc supports the well-being and quality of life of seniors, helping them maintain stable living conditions despite financial challenges. This service aligns with their mission to provide essential housing support to seniors in need, ultimately contributing to the community's overall welfare.
This information is meant to be a general summary of Older American Housing In Spotswood 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: $6,895
- Program Service Revenue: $1,546,168
- Gross Receipts: $1,595,059
Assets and Liabilities:
- Total Assets: $3,376,332
- Total Liabilities: $130,058
- Net Assets: $3,246,274
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD-RENTAL ASSISTANCE
Revenue
$852,008
CONGREGATE SERVICES
Revenue
$393,578
TENANT RENTS
Revenue
$298,482
LAUNDRY REVENUE
Revenue
$2,100
Organization Details
Founding Year
1995
Phone
(732) 723-0008Principal Officer
Ken Van Wageninge
Main Address
250 CRESCENT AVE, SPOTSWOOD, NJ, 08884
NTEE Category
Code: L22Z - Housing
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