Overview
What is Elm Court Ii Inc?
Elm Court II Inc is a nonprofit organization based in Princeton, New Jersey, committed to providing quality homes for senior residents whose income falls below 30% of the county median. The organization operates under the HUD Section 202 program, allowing them to set rents at an affordable rate. The building and operations are managed by PCH Development Corp, a 501(c)3 entity. A licensed social worker is on site to assist residents with community resource referrals, and free bus service to local shopping areas, library, and senior resource center is offered six days a week. Podiatry care is available on a regular schedule, and the organization strives to build a strong community among its residents. Regular resident association meetings, newsletters, and community gatherings, as well as activities like chair exercise, art lessons, health information lectures, and Ted Talk discussion groups, contribute to this. Additionally, the community garden, created by volunteers and local donors, has become a popular feature of Elm Court II life. The organization uses its resources to ensure that its residents have access to the wider Princeton community, offering opportunities for social interaction and support. The mission of Elm Court II Inc is to provide senior residents with quality homes in a welcoming and diverse community, offering social and supportive opportunities and ensuring access to the Princeton community for all of its residents, whose income falls below 30% of the county median income.
Official website here: www.princetoncommunityhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Elm Court II Inc has achieved an impressive 96% rating from Charity Navigator, indicating a strong commitment to accountability and finance. The organization scores a perfect 100% in key areas such as having an entirely independent board and maintaining a high level of oversight with its financial statements. This high score reflects the charity’s dedication to transparency and responsible management of resources.
The fiscal year 2022 data shows Elm Court II Inc effectively utilizes its funds, with a program expense ratio of 88.05%. This suggests that a significant portion of the charity's budget is directed towards its programs and services, rather than administrative costs. The organization also implements robust governance policies, including conflict of interest and whistleblower protections, which further enhance its credibility.
Despite its strengths, the rating is based solely on accountability and finance, and there is no additional information provided regarding the charity's programs or impact outcomes. This may limit the understanding of Elm Court II Inc's overall effectiveness beyond financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Elm Court Ii Inc legitimate?
Elm Court Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elm Court Ii 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: $168,532
For more financial information, click here
Official website here: www.princetoncommunityhousing.org
What is the mission statement of Elm Court Ii Inc?
Elm Court II Inc is committed to providing quality living spaces for seniors whose incomes fall below 30% of the county median. The organization's mission goes beyond just housing, offering social and supportive opportunities to its residents. It strives to connect its residents to the local community, ensuring they have access to Princeton's amenities. The company operates under the HUD Section 202 program, allowing it to set affordable rents. A licensed social worker is on-site to assist residents with community resource referrals and state-sponsored programs. Elm Court II also provides free bus service to shopping areas, libraries, and senior resource centers, operating six days a week. Regular shuttle service to regional shopping areas is also available. The company facilitates regular foot care appointments and encourages a strong community spirit by organizing resident gatherings and activities. Residents are encouraged to participate in various activities like chair exercise, art lessons, health lectures, and discussion groups. The community garden, created by volunteers and local donors, has become a significant part of life at Elm Court II, where seniors grow fruits, vegetables, and flowers throughout the year.
Official website here: www.princetoncommunityhousing.org
Who is the CEO of Elm Court Ii Inc?
Edward Truscelli is the Board Member of Elm Court Ii Inc.
Official website here: www.princetoncommunityhousing.org
What is the revenue of Elm Court Ii Inc?
Elm Court Ii Inc's revenue in 2022 was $724,902.
Official website here: www.princetoncommunityhousing.org
Who are the executives of Elm Court Ii Inc and what are their salaries?
There 21 volunteers at Elm Court Ii Inc.
Here are 23 key members and their salaries:
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- Related: $176,470
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- Related: $130,455
- Other: $15,024
Official website here: www.princetoncommunityhousing.org
Where can I find the form 990 for Elm Court Ii Inc?
Elm Court Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.princetoncommunityhousing.org
Learn more at the official website: www.princetoncommunityhousing.org
Mission Statement of Elm Court Ii Inc
Elm Court II Inc, a nonprofit organization, is dedicated to providing quality living spaces for seniors whose income falls below 30% of the county median. The mission of Elm Court II Inc is multifaceted, encompassing more than just housing. It aims to create a welcoming and diverse community for these seniors, offering them not only a place to call home but also opportunities for social interaction and support. The organization manages a building under the HUD Section 202 program, allowing it to set rents at an affordable rate based on each resident's income.
Beyond housing, Elm Court II Inc strives to integrate its residents into the local Princeton community. The organization provides free bus service to shopping areas, the library, and the senior resource center, operating six days a week. Additionally, weekly shuttle service is provided to regional shopping areas. To ensure access to medical care, podiatry services are made available on a regular schedule.
Elm Court II Inc also focuses on building a strong community among its residents. Residents are encouraged to participate in activities such as chair exercise, art lessons, health information lectures, and TED Talk discussion groups. Community lounges are available for concerts and holiday celebrations. A highlight of Elm Court II life is the community garden, created by volunteers and local donors. Seniors grow fruits, vegetables, and flowers in more than 50 plots, some designed with raised or wheelchair-accessible beds.
In summary, Elm Court II Inc is a nonprofit organization committed to providing quality homes, social opportunities, and community integration for seniors with low incomes. It offers affordable housing under the HUD Section 202 program, provides free bus service to local amenities, and organizes regular activities and events to foster a sense of community among its residents.
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Impact
July, 2024
Elm Court II Inc's impact is significant in providing quality homes for seniors with limited incomes in Princeton, NJ. Through their ownership of 67 one-bedroom apartments and operation under the HUD Section 202 program, they ensure that rents are affordable at no more than 30% of each resident's income. Additionally, they offer supportive services such as a licensed social worker on site for referrals, free bus services to key areas, podiatry care, and various community-building activities.
By fostering a welcoming and diverse community, Elm Court II empowers seniors to lead meaningful lives and stay connected with their neighbors. The residents' association, community lounges, and activities like chair exercises, art lessons, and gardening in the community garden enhance the quality of life for residents. Overall, Elm Court II Inc's impact lies in providing not just housing but a vibrant community that supports and enriches the lives of its residents.
This information is meant to be a general summary of Elm Court Ii 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: $341
- Program Service Revenue: $724,561
- Gross Receipts: $724,902
Assets and Liabilities:
- Total Assets: $5,640,587
- Total Liabilities: $1,272,327
- Net Assets: $4,368,260
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL ASSISTANCE
Revenue
$485,446
RENTAL INCOME
Revenue
$238,750
LAUNDRY REVENUE
Revenue
$365
Organization Details
Founding Year
2007
Phone
(609) 924-3822Principal Officer
Edward Truscelli
Main Address
ONE MONUMENT DRIVE, PRINCETON, NJ, 08540
NTEE Category
Code: L22 - Housing
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