Overview
What is Nine Wall Street Corp?
Nine Wall Street Corp is a nonprofit organization situated in Neptune, New Jersey, with an address at 3311 State Route 33. Their primary focus is on providing housing for senior and handicapped individuals, with 60 apartments available. Funding for these apartments is sourced through HUD, and the organization generally maintains an occupancy rate of 96%. The organization's mission, as stated, is to serve the community compassionately, enabling all individuals to pursue a fulfilling life. With a workforce of 7 employees, Nine Wall Street Corp aims to make a meaningful impact in the lives of those in need.
Official website here: www.umcommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Star rating.
Nine Wall Street Corp has received a Three-Star rating from Charity Navigator, reflecting a score of 75%. This score is based entirely on the organization's Accountability & Finance performance, indicating a solid standing in terms of financial practices and governance. The charity shows strong governance characteristics, with an independent board consisting of all members and robust policies in place, such as conflict of interest and whistleblower protections.
Despite these strengths, the organization faces challenges, particularly regarding its financial ratios. The liabilities to assets ratio is notably high at 162.57%, which may raise concerns about financial stability and sustainability. Additionally, while the program expense ratio is somewhat positive at 65.41%, it suggests that there is room for improvement in directing more funds towards direct program services.
Overall, Nine Wall Street Corp demonstrates commendable accountability and governance, but potential donors should consider the financial ratios when evaluating the organization’s long-term viability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Nine Wall Street Corp legitimate?
Nine Wall Street Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nine Wall Street Corp 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: $305,570
For more financial information, click here
Official website here: www.umcommunities.org
What is the mission statement of Nine Wall Street Corp?
Nine Wall Street Corp's mission statement revolves around compassionately serving the community, enabling all individuals to have the opportunity to lead fulfilling lives. The corporation strives to create an environment where everyone is free to pursue an abundant life. They achieve this mission by providing senior and handicapped individuals with 60 apartments, funded through HUD, and maintaining an average occupancy rate of 96%. This commitment to community service is a testament to Nine Wall Street Corp's dedication to making a positive impact in people's lives.
Official website here: www.umcommunities.org
Who is the CEO of Nine Wall Street Corp?
Lawrence D Carlson is the Secretary of Nine Wall Street Corp.
Official website here: www.umcommunities.org
What is the revenue of Nine Wall Street Corp?
Nine Wall Street Corp's revenue in 2022 was $1,059,860.
Official website here: www.umcommunities.org
Who are the executives of Nine Wall Street Corp and what are their salaries?
The average compensation at Nine Wall Street Corp during 2022 was $43,653. There are 7 employees and 35 volunteers at Nine Wall Street Corp.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $449,305
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.umcommunities.org
Where can I find the form 990 for Nine Wall Street Corp?
Nine Wall Street Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.umcommunities.org
Learn more at the official website: www.umcommunities.org
Mission Statement of Nine Wall Street Corp
Nine Wall Street Corp, as a compassionate entity, dedicates its mission to serving the community, ensuring that all individuals are afforded the freedom to pursue a fulfilling life. This mission is centered around the belief that every person deserves the opportunity to thrive. The corporation achieves this goal by providing 60 apartments, specifically designed for senior and handicapped individuals. These accommodations are made possible through financial support from HUD, demonstrating Nine Wall Street Corp's commitment to assisting those who require additional aid. The corporation consistently maintains high occupancy rates, averaging 96%, indicating its success in meeting the housing needs of the community it serves.
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Impact
July, 2024
Nine Wall Street Corp impacts its community by providing accessible and affordable housing for senior and handicapped individuals in Neptune, NJ. By offering 60 apartments financed through HUD with an impressive average occupancy rate of 96%, the organization ensures that members of these vulnerable populations have a safe and supportive place to call home. Through its mission of compassionately serving the community to empower individuals to choose an abundant life, Nine Wall Street Corp plays a crucial role in enhancing the quality of life for its residents and promoting inclusivity within the neighborhood.
This information is meant to be a general summary of Nine Wall Street Corp. 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: $110
- Program Service Revenue: $1,024,457
- Gross Receipts: $1,059,860
Assets and Liabilities:
- Total Assets: $3,826,386
- Total Liabilities: $6,017,924
- Net Assets: -$2,191,538
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fees & Contracts Gov Agen
Revenue
$815,729
Other Revenue
Revenue
$2,352
Rents from Residents
Revenue
$206,376
Organization Details
Founding Year
1994
Phone
(732) 922-9800Principal Officer
Lawrence D Carlson
Main Address
3311 State Route 33, Neptune, NJ, 07753
Website
www.umcommunities.orgNTEE Category
Code: L210 - Housing
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