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Affordable Housing Corp Of Glassboro

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 823355889 ✦ Glassboro, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Affordable Housing Corp Of Glassboro?

Affordable Housing Corp of Glassboro is a nonprofit organization situated in Glassboro, New Jersey. Its primary mission is to offer affordable housing opportunities to individuals with moderate to low incomes. This encompasses various activities such as development, construction, management, promotion, operation, sale, lease, rehabilitation, renovation, and disposal of safe and affordable housing units. The organization's extensive work in this field aims to provide a secure living environment for those in need.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This rating reflects a strong focus on accountability and finance, with the organization achieving a commendable score of 86%. The rating is primarily based on the organization’s commitment to transparent financial practices and governance.

Affordable Housing Corp Of Glassboro demonstrates significant strengths, including an entirely independent board and a high program expense ratio of 99.49%, indicating that a substantial majority of its funds are directed towards its programs. The organization has also been noted for its effective audit and oversight measures, along with a strong conflict of interest policy. These elements contribute to a transparent operational framework that bolsters donor confidence.

However, while the financial indicators are positive, the overall rating of three stars suggests there is still room for improvement. Future enhancements in areas such as growth and program impact could further elevate its standing in the nonprofit sector. Overall, the organization appears to be managed well with a strong emphasis on accountability.


This AI summary has been generated from information found on Charity Navigator.

Is Affordable Housing Corp Of Glassboro legitimate?

Affordable Housing Corp Of Glassboro is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Housing Corp Of Glassboro 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: $65,281

For more financial information, click here

What is the mission statement of Affordable Housing Corp Of Glassboro?

The Affordable Housing Corp of Glassboro is dedicated to providing affordable housing opportunities for individuals with low to moderate income. Their mission encompasses various activities, including providing, developing, building, managing, promoting, constructing, operating, selling, leasing, rehabilitating, renovating, and disposing of safe and affordable housing. They strive to ensure that everyone has access to a secure and affordable living space.

Who is the CEO of Affordable Housing Corp Of Glassboro?

Kimberly Gober is the Chairman of Affordable Housing Corp Of Glassboro.

What is the revenue of Affordable Housing Corp Of Glassboro?

Affordable Housing Corp Of Glassboro's revenue in 2022 was $1,141,325.

Who are the executives of Affordable Housing Corp Of Glassboro and what are their salaries?


Here are 8 key members and their salaries:


Jay Lapp (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thuraisingham Mohanakanthan (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Salvatore Fogarino (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrew Halter (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edward Hutchinson (Vice Chariman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Anderson (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Wells (Commissioner)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Gober (Secretary-Treasurer)
  • Compensation: $0
  • Related: $148,908
  • Other: $0
Where can I find the form 990 for Affordable Housing Corp Of Glassboro?

Affordable Housing Corp Of Glassboro's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Affordable Housing Corp Of Glassboro

Affordable Housing Corp of Glassboro is committed to providing affordable housing opportunities for individuals with low and moderate incomes. This mission encompasses a wide range of activities, including the provision, development, building, management, promotion, construction, operation, selling, leasing, rehabilitation, renovation, and disposal of safe and affordable housing. The organization's efforts are extensive, aimed at ensuring that individuals in need have access to secure and reasonably priced housing options. By undertaking these various tasks, Affordable Housing Corp of Glassboro plays a significant role in enhancing the living conditions of those in its target demographic.

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Impact




July, 2024

The impact of Affordable Housing Corp Of Glassboro is significant in providing low and moderate-income individuals with affordable housing opportunities. By developing, managing, promoting, constructing, and renovating safe and affordable housing, they contribute to addressing the housing needs of the community in Glassboro, NJ. Their mission to ensure that individuals have access to housing that meets their financial capabilities positively impacts the lives of many in the area.




This information is meant to be a general summary of Affordable Housing Corp Of Glassboro. 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.

Revenue
$1,141,325 (2022)
Expenses
$1,141,561 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $54
  • Program Service Revenue: $928,977
  • Gross Receipts: $1,141,325

Assets and Liabilities:

  • Total Assets: $697,110
  • Total Liabilities: $134,314
  • Net Assets: $562,796

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL SUBSIDY

Revenue

$506,978

TENANT RENT

Revenue

$421,999

Organization Details

Founding Year

2017

Principal Officer

Kimberly Gober

Main Address

181 DELSEA MANOR DRIVE, GLASSBORO, NJ, 08028

NTEE Category

Code: L21 - Housing

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