Overview
What is 109 James Parker Inc?
109 James Parker Inc is a nonprofit organization, established in Red Bank, New Jersey, with a mission to alleviate the struggles of the working and non-working poor, distressed, and underprivileged individuals. By planning and promoting the development of real estate, this organization aims to provide relief and support to those in need, operating under a tax-exempt status. Their work encompasses various aspects, including housing and community development, ultimately contributing to the betterment of their designated community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating
109 James Parker Inc has achieved a respectable Three-Star rating from Charity Navigator, primarily reflecting its strong performance in accountability and finance. The charity excelled in several areas, including having a majority of independent board members and demonstrating effective financial oversight. Their commitment to transparency is evident with the presence of key policies and practices that safeguard against conflicts of interest and ensure proper governance.
However, while the organization shows strengths in accountability, its program expense ratio of 65.98% indicates that a smaller proportion of its funds goes directly to programs compared to other charities. Additionally, the fundraising efficiency ratio of $0.01 suggests that the charity may not be maximizing its fundraising efforts, which could raise concerns about its ability to generate funds effectively in the future.
Overall, 109 James Parker Inc demonstrates solid financial management and governance practices, but there are opportunities for improvement in its program spending and fundraising strategies to enhance overall impact and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is 109 James Parker Inc legitimate?
109 James Parker Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 109 James Parker 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 109 James Parker Inc?
109 James Parker Inc's mission is centered around planning and promoting the development of real estate. This is done with the objective of providing relief to the economically disadvantaged, encompassing both the employed and unemployed, distressed, and underprivileged individuals. This mission is undertaken for tax-exempt purposes. The organization utilizes real estate development as a means to offer aid to those in need.
Who is the CEO of 109 James Parker Inc?
John Klein is the Secretary of 109 James Parker Inc.
What is the revenue of 109 James Parker Inc?
109 James Parker Inc's revenue in 2022 was $2,861,205.
Who are the executives of 109 James Parker Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $152,617
- Other: $15,208
- 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 109 James Parker Inc?
109 James Parker Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 109 James Parker Inc
109 James Parker Inc, as a nonprofit organization, is committed to planning and promoting the development of real estate for a tax-exempt purpose. Their primary objective is to provide relief to the working and non-working poor, distressed, and underprivileged individuals in society. By leveraging real estate development, this organization aims to make a tangible impact on the lives of those who are economically disadvantaged. This mission is a testament to their dedication to uplifting and supporting those in need, contributing to a more equitable and inclusive community.
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Impact
July, 2024
109 James Parker Inc has a significant impact on providing relief to the working and non-working poor, distressed, and underprivileged individuals by planning and promoting the development of real estate. Through their activities, they aim to address the needs of these marginalized communities, particularly focusing on issues related to housing and food security. Their work in Red Bank, NJ, aligns with their mission to support and uplift those in need within their community.
This information is meant to be a general summary of 109 James Parker 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.
- Gross Receipts: $2,861,205
Assets and Liabilities:
- Total Assets: $11,681,762
- Total Liabilities: $630,528
- Net Assets: $11,051,234
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Organization Details
Founding Year
2016
Phone
(732) 747-8577Principal Officer
John Klein
Main Address
121 DRS JAMES PARKER BLVD, RED BANK, NJ, 07701
NTEE Category
Code: K35 - Food
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