Overview
What is Northwest Developers Inc?
Northwest Developers Inc is a nonprofit organization situated in Newark, New Jersey. Their primary mission is to offer affordable housing in a secure environment to low and moderate-income individuals. Beyond housing, they provide financial aid and various forms of assistance to tenants and their children to enhance their educational, recreational, and vocational opportunities. The organization also extends its support to other worthy nonprofit entities serving disadvantaged children, shelters for the homeless, and battered women, among others. To achieve these goals, Northwest Developers Inc establishes and enhances programs such as tutoring, job training, after-school programs, physical fitness, and nutrition initiatives. They also offer scholarships to further the educational experiences of their tenants' children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%, Zero-Star out of Four Star rating.
Northwest Developers Inc has received a low rating of 34%, indicating significant concerns regarding its accountability and financial management. The organization’s board lacks independent members, scoring 0% in that area, which can raise questions about governance and decision-making. While there are no reported diversions of assets, the absence of an accessible website and failure to post required documents online detracts from transparency.
Despite having solid policies in place for conflict of interest, whistleblower protections, and document retention, the overall financial health is concerning. The program expense ratio stands at only 37.13%, suggesting that a substantial portion of funds may not be directed toward its intended programs. This raises important considerations for potential donors regarding the effective use of their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Northwest Developers Inc legitimate?
Northwest Developers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwest Developers 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: $31,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northwest Developers Inc?
Northwest Developers Inc's mission is centered around providing affordable housing for individuals with low and moderate income, ensuring a safe and secure environment. The organization also extends its aid to the tenants and their children, offering financial and various forms of assistance. This assistance is intended to enhance the educational, recreational, and vocational opportunities for the tenants. Beyond their primary focus on the residents of New Hope Village, Northwest Developers Inc also considers supporting other non-profit entities serving various sectors, such as housing, disadvantaged children, shelters for the homeless, and battered women.
Who is the CEO of Northwest Developers Inc?
Ernestine Watson is the President of Northwest Developers Inc.
What is the revenue of Northwest Developers Inc?
Northwest Developers Inc's revenue in 2022 was $50,854.
Who are the executives of Northwest Developers Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $7,200
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
- Compensation: $4,800
- Related: $0
- Other: $0
Where can I find the form 990 for Northwest Developers Inc?
Northwest Developers Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwest Developers Inc
Northwest Developers Inc, a nonprofit organization, is committed to providing affordable housing for individuals with low and moderate incomes. The mission of this entity extends beyond just providing a place to reside; it aims to ensure that these residences are safe and secure environments. Additionally, Northwest Developers Inc offers financial and various other forms of assistance to its tenants and their children. This assistance is intended to enhance their educational, recreational, and vocational opportunities.
Furthermore, Northwest Developers Inc extends its support beyond the needs of its tenants at New Hope Village. The organization also considers the needs of other nonprofit entities serving various sectors such as housing, disadvantaged children, and shelters for the homeless and battered women. By doing so, Northwest Developers Inc seeks to contribute to the betterment of these communities, broadening its scope of influence and impact.
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Impact
August, 2024
Northwest Developers Inc's impact lies in its commitment to providing quality, affordable housing for low and moderate-income individuals in a safe and secure environment. Through financial assistance and various support programs, such as tutoring, job training, after-school activities, and health and vocational initiatives, the organization is actively enhancing the educational, recreational, and vocational opportunities for its tenants and their children. Additionally, by issuing scholarships to support students' educational endeavors, Northwest Developers Inc is furthering the educational experience of those in need. The organization's focus on community improvement extends beyond its direct tenants, as it also considers supporting other nonprofit entities serving disadvantaged populations, such as homeless shelters and programs for battered women. Overall, Northwest Developers Inc's impact can be seen in its multifaceted approach to improving the lives of individuals and enhancing the welfare of the community.
This information is meant to be a general summary of Northwest Developers 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: $11,877
- Program Service Revenue: $38,977
- Gross Receipts: $258,661
Assets and Liabilities:
- Total Assets: $8,556,737
- Total Liabilities: $0
- Net Assets: $8,556,737
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$38,977
Organization Details
Founding Year
2017
Phone
(973) 783-3377Principal Officer
Ernestine Watson
Main Address
195 WEST MARKET STREET, NEWARK, NJ, 07103
NTEE Category
Code: S20 - Community improvement
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