Shalom Housing Development Inc C/O Community Realty Management

Nonprofit profile at a glance

EIN
475142235
IRS 990 coverage
2015–2025
Forms available
Form 990 2025
Location
Pleasantville, NJ, USA
Phone
6096468861
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$88,646
Expenses
$59,231
Assets
$1,923,836
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

2 people listed

Executive titles in this filing

  • YALE STEINGARD (TRUSTEE/PRESIDENT/TREASURE)

People named in this filing

  • YALE STEINGARD (TRUSTEE/PRESIDENT/TREASURE)
  • FAYE THOMPSON (TRUSTEE/SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve as the developer for shalom towers inc, a New Jersey nonprofit corporation, and otherwise assist shalom towers inc with respect to the ownership, financing, rehabilitation, renovation, maintenance and/or operation of a 150 unit senior citizen rental apartment project owned by shalom towers inc, know as "shalom house and located in ventnor city, New Jersey, and in connection therewith to be paid a development fee for such services. And to provide support for other non-profit organizations in the local community.

What it reported doing in 2025

During the fiscal year ended 06-30-24, shalom housing development inc assisted shalom towers inc, a New Jersey nonprofit corporation, by providing grants totaling $85,000 to fund major repairs and improvements to a 150 unit senior citizen rental project owned by shalom towers inc.no grants were made during the fiscal year ended 06-30-25. During the fiscal year ended 06-30-26, shalom housing development inc assisted shalom towers inc, a New Jersey nonprofit corporation, by providing grants totaling $35,000 to fund major repairs and improvements to a 150 unit senior citizen rental project owned by shalom towers inc.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 93
  • Accountability: 70
  • Sustainability: 78
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.7%; rating input score 98
  • Program expense ratio: 59.1%; rating input score 59
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 33.2%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 32.48; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: -5.9% per year; rating input score 0; 33rd percentile among comparable filings
  • Revenue growth: -30.8% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 97.7% of revenue deployed · 59.1% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $35K in reported program spending
  • Leadership: top reported pay $0 · 2 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 11 filing years from 2015 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 58/100.