High Street Uaw Senior Citizens Hsg Corp Dba Thomas Natchuras Apartments

Nonprofit profile at a glance

EIN
237250421
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
New Brunswick, NJ, USA
Phone
7326402088
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$1,853,681
Expenses
$1,802,403
Assets
$3,966,534
Liabilities
$1,363,941

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • DANIEL ANTONELLIS (PRESIDENT)
  • THOMAS C FRICANO (VICE PRESIDENT)
  • MICHELLE GERBER KASS (VICE PRESIDENT)
  • PETER J ANTONELLIS (VICE PRESIDENT)

Highest reported compensation

  • DANIEL ANTONELLIS (PRESIDENT): $218,832 total reported compensation
  • MARK COMROE (DIRECTOR OF DEVELOPMENT): $206,676 total reported compensation
  • ANTONIO FREITAS (PROPERTY ADMINISTRATOR): $158,703 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

High street uaw's mission is to serve a public purpose and provide and promote affordable housing opportunities to low and moderate income disabled or senior citizens in New Jersey. Specifically, high street uaw will continue to operate the housing community pursuant to a state allowing for the incorporation of non-profit entities to develop and operate affordable housing.

What it reported doing in 2024

High street uaw provides affordable and subsidized housing to individuals based on their need and their meeting certain specified standards required by either the us department of housing and urban development or the nj housing and mortgage finance agency. High street uaw limits the rental of the apartments to those individuals who qualify for the affordable housing programs that the community is part of through deed restrictions and financial agreements with hud or hmfa and therefore shall require income qualifications for those programs as required by federal and state law. Generally since affordable housing is limited to low-income families and individuals, eligibility is based upon the following criteria: (1) annual gross income; (2) whether a person qualifies as elderly, a person with a disability, or as a family; and (3) u.s. Citizenship or eligible immigration status.

Operating model

Revenue model
Grant-funded. 73% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 65
  • Accountability: 82
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.9%; rating input score 90
  • Program expense ratio: 92.3%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 68.8%; rating input score 69; 14th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.8%; rating input score 44; 44th percentile among comparable filings
  • Total-asset coverage ratio: 2.2; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 89.9% of revenue deployed · 92.3% of spending went to programs
  • Governance: 11 of 16 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $219K · 16 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $149K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 15 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Sustainability: Operating margin scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.