Overview
What is Perth Amboy Housing Inc?
Perth Amboy Housing Inc is a nonprofit organization, classified as exempt under section 501(c)(3) of the Internal Revenue Code. Its primary mission involves acquiring, owning, operating, developing, and rehabilitating housing units. These properties are then sold, leased, or transferred to other nonprofit entities with the primary goal of providing affordable housing for individuals with low and moderate incomes. By doing so, Perth Amboy Housing Inc contributes to the betterment of its community by ensuring housing accessibility for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - 69%, Two-Star out of Four Star rating
Perth Amboy Housing Inc has received a Two-Star rating from Charity Navigator, indicating that it has room for improvement in its overall accountability and financial practices. The organization scored 69%, with strengths in having an independent board and no material diversion of assets. High scores were also noted for their conflict of interest policy and for documenting retention and destruction practices.
However, the nonprofit faced significant weaknesses, including a lack of a whistleblower policy and failure to post board meeting minutes. Additionally, the organization has not shared its tax form on its website, which impacts transparency. The liabilities to assets ratio received a score of zero, suggesting potential financial concerns that may need to be addressed moving forward.
Overall, while Perth Amboy Housing Inc demonstrates some strong governance practices, attention to transparency and financial reporting is necessary to improve its standing and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Perth Amboy Housing Inc legitimate?
Perth Amboy Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Perth Amboy Housing 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
For more financial information, click here
What is the mission statement of Perth Amboy Housing Inc?
Perth Amboy Housing Inc., as a charitable organization under section 501(c)(3) of the Internal Revenue Code, is dedicated to acquiring, owning, operating, developing, and rehabilitating housing. The primary objective is to provide affordable housing for individuals with low and moderate income levels. The corporation may also choose to sell, lease, or transfer ownership or operation of the housing to other eligible nonprofit entities. The primary purpose of these entities should be to operate the housing exclusively for this income group.
Who is the CEO of Perth Amboy Housing Inc?
Douglas Dzema is the Chairperson of Perth Amboy Housing Inc.
What is the revenue of Perth Amboy Housing Inc?
Perth Amboy Housing Inc's revenue in 2022 was $0.
Who are the executives of Perth Amboy Housing Inc and what are their salaries?
Here are 8 key members and their salaries:
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- Compensation: $272,747
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- Other: $0
Where can I find the form 990 for Perth Amboy Housing Inc?
Perth Amboy Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Perth Amboy Housing Inc
Perth Amboy Housing Inc, a nonprofit organization, is dedicated to serving a noble cause. It operates under Section 501(c)(3) of the Internal Revenue Code, making it exempt from certain taxes. The primary objective of this corporation is to contribute to charitable pursuits. In line with this mission, Perth Amboy Housing Inc engages in the acquisition, ownership, operation, development, and rehabilitation of housing. This nonprofit entity is committed to providing affordable housing to individuals and families who fall under the categories of low and moderate income. Once the housing units are developed and rehabilitated, Perth Amboy Housing Inc may choose to sell, lease, or transfer ownership or operation of these properties to other nonprofit organizations with a primary focus on operating such housing for the same income-eligible population. The ultimate goal is to ensure that these nonprofit entities can continue to provide affordable housing opportunities.
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Impact
October, 2024
Perth Amboy Housing Inc significantly contributes to the community by acquiring, developing, and rehabilitating housing specifically aimed at serving low and moderate-income individuals and families. Its impact is seen through improved access to affordable housing, which helps stabilize the community and fosters economic growth. By partnering with other entities, the organization effectively ensures that these housing resources are sustained and remain available to those in need. This not only addresses immediate housing challenges but also promotes long-term community resilience and inclusivity. The work done by Perth Amboy Housing Inc is vital in creating a supportive environment where individuals can thrive and contribute to the broader community.
This information is meant to be a general summary of Perth Amboy Housing 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.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $394
- Net Assets: -$394
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Organization Details
Founding Year
2016
Phone
(732) 826-3110Principal Officer
Douglas Dzema
Main Address
881 AMBOY AVE, PERTH AMBOY, NJ, 08862
NTEE Category
Code: L20 - Housing
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