Senior Citizens Housing Corporation Of The Borough Of Freehold

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

EIN: 222168257 ✦ Freehold, NJ ✦ Designated as a 501(c)(3)

Overview

What is Senior Citizens Housing Corporation Of The Borough Of Freehold?

The Senior Citizens Housing Corporation of the Borough of Freehold is a nonprofit organization situated in Freehold, New Jersey. Its primary mission is to provide affordable housing for individuals with low to moderate incomes. This is achieved through the operation of a 164-unit apartment building, which is financially supported by both the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The corporation additionally offers assistance under the Federal Section 8 Subsidy Program, further enhancing its commitment to making housing accessible for those in need.


Is Senior Citizens Housing Corporation Of The Borough Of Freehold legitimate?

Senior Citizens Housing Corporation Of The Borough Of Freehold is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Citizens Housing Corporation Of The Borough Of Freehold 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $367,885

For more financial information, click here


What is the mission statement of Senior Citizens Housing Corporation Of The Borough Of Freehold?
Who is the CEO of Senior Citizens Housing Corporation Of The Borough Of Freehold?
What is the revenue of Senior Citizens Housing Corporation Of The Borough Of Freehold?
Who are the executives of Senior Citizens Housing Corporation Of The Borough Of Freehold and what are their salaries?
Where can I find the form 990 for Senior Citizens Housing Corporation Of The Borough Of Freehold?

Mission Statement of Senior Citizens Housing Corporation Of The Borough Of Freehold

Senior Citizens Housing Corporation, a dedicated nonprofit organization, is committed to providing affordable housing solutions for individuals with moderate and low incomes. This mission is carried out through the operation of a 164-unit apartment building, where housing is subsidized by both the U.S. Department of Housing and Urban Development (HUD) and the New Jersey Housing and Mortgage Finance Agency (NJHMFA). The organization's primary goal is to ensure that housing remains accessible and affordable for those in need, contributing to a more equitable living environment.

Impact

This information is meant to be a general summary of Senior Citizens Housing Corporation Of The Borough Of Freehold. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Senior Citizens Housing Corporation Of The Borough Of Freehold positively impacts the community by providing low and moderate-income housing options through its 164 unit apartment building. This organization plays a vital role in addressing the housing needs of seniors and individuals with limited financial resources in Freehold, NJ. By offering rent-subsidized housing in partnership with HUD and the New Jersey Housing and Mortgage Finance Agency, they enable individuals to access safe and affordable housing options. This contributes to the overall well-being and stability of the community by ensuring that vulnerable populations have access to suitable housing options.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $166,949
  • Program Service Revenue: $2,565,954
  • Gross Receipts: $2,807,739

    • Assets and Liabilities:
  • Total Assets: $12,661,109
  • Total Liabilities: $397,412
  • Net Assets: $12,263,697
  • Programs

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

    TENANT INCOME

    Revenue

    $2,565,954

    Organization Details

    Founding Year

    1975

    Principal Officer

    James Nolan Higgins

    Main Address

    40 HUDSON STREET, FREEHOLD, NJ, 07726

    NTEE Category

    Code: L22 - Housing

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