Burnet Walnut Corporation

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

EIN: 222531971 ✦ Neptune, NJ ✦ Designated as a 501(c)(3)

Overview

What is Burnet Walnut Corporation?

Burnet Walnut Corporation is a nonprofit organization situated in Neptune, New Jersey, with a specific focus on providing housing for senior and handicapped individuals. Financed through HUD, the organization offers 76 apartments, maintaining an average occupancy rate of 97%. This corporation operates with a mission to compassionately serve the community, enabling individuals to pursue a fulfilling life. They strive to create an environment where all residents have the freedom to choose their path towards abundance. The organization is staffed by a team of six dedicated employees.


Official website here: www.umcommunities.org

Is Burnet Walnut Corporation legitimate?

Burnet Walnut Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Burnet Walnut Corporation 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: $272,703

For more financial information, click here


Official website here: www.umcommunities.org

What is the mission statement of Burnet Walnut Corporation?

The Burnet Walnut Corporation's mission, as stated, is centered around compassionately serving the community. This mission aims to ensure that all individuals, regardless of their age or abilities, have the freedom to pursue a fulfilling life in abundance. The corporation's activities are geared towards serving this mission, as evidenced by its provision of 76 apartments for senior and handicapped individuals, which are primarily financed through HUD. The occupancy of these apartments averages at 97%, demonstrating the corporation's commitment to its mission.


Official website here: www.umcommunities.org

Who is the CEO of Burnet Walnut Corporation?

Lawrence D Carlson is the Secretary of Burnet Walnut Corporation.


Official website here: www.umcommunities.org

What is the revenue of Burnet Walnut Corporation?

Burnet Walnut Corporation's revenue in 2022 was $1,463,145.


Official website here: www.umcommunities.org

Who are the executives of Burnet Walnut Corporation and what are their salaries?

The average compensation at Burnet Walnut Corporation during 2022 was $45,450. There are 6 employees and 35 volunteers at Burnet Walnut Corporation.

Here are 7 key members and their salaries:

    Lawrence D Carlson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $449,305
  • Other: $0

    • Rev Edward Carll (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Veronica Palmer (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jana Purkis-Brash (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gavin Stobie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Campbell (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Joi Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.umcommunities.org

    Where can I find the form 990 for Burnet Walnut Corporation?

    The Burnet Walnut Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.umcommunities.org

    Learn more at the official website: www.umcommunities.org

    Mission Statement of Burnet Walnut Corporation

    Burnet Walnut Corporation, as a compassionate organization, is dedicated to serving the community with the goal of enabling all individuals to have the freedom to choose a prosperous life. Their mission, in simple terms, is to make a positive impact in the community, ensuring that everyone has the opportunity to pursue a fulfilling existence. The corporation operates 76 apartments specifically designed for senior and handicapped individuals, demonstrating their commitment to providing safe and comfortable living spaces for those in need. The high occupancy rate of 97% indicates the success of their efforts and the demand for their services. The organization's mission is not limited to providing housing but extends to the overall well-being of the community, fostering an environment where everyone can thrive.

    Impact

    This information is meant to be a general summary of Burnet Walnut Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Burnet Walnut Corporation is centered around providing affordable housing for senior and handicapped individuals in the community. With 76 apartments financed through HUD, the Corporation ensures that these vulnerable populations have a safe and comfortable place to call home. By maintaining an impressive 97% occupancy rate, Burnet Walnut Corporation plays a crucial role in addressing the housing needs of seniors and individuals with disabilities in Neptune, NJ. Their mission of compassionately serving the community so that all can choose abundant life directly contributes to improving the quality of life for those in need.





    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: $95
  • Program Service Revenue: $1,398,886
  • Gross Receipts: $1,463,145

    • Assets and Liabilities:
  • Total Assets: $1,338,285
  • Total Liabilities: $2,446,276
  • Net Assets: -$1,107,991
  • Programs

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

    Fees & contracts gov agen

    Revenue

    $1,214,065

    Other revenue

    Revenue

    $5,090

    Rent from residents

    Revenue

    $179,731

    Organization Details

    Founding Year

    1984

    Principal Officer

    Lawrence D Carlson

    Main Address

    3311 State Route 33, Neptune, NJ, 07753

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Burnet Walnut Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.