Overview
What is Revere Elderly Housing Inc?
Revere Elderly Housing Inc, a Michigan-affiliated non-profit organization established in collaboration with Cooperative Services Inc of Massachusetts, was formed in June 1982. Its primary objective is to provide housing facilities for low-income senior citizens. Located in Revere, Massachusetts, the corporation acquired property and constructed an apartment project with 107 units, funded in part by the U.S. Department of Housing and Urban Development. The mission of Revere Elderly Housing Inc is centered on ensuring comfortable living spaces for elderly individuals who fall under the low-income bracket.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Revere Elderly Housing Inc has received a favorable rating of 81%, indicating a solid performance in accountability and finance. The organization demonstrates strong governance, with 100% of its board members being independent and a robust financial oversight structure in place. This suggests a commitment to transparency and responsible management of resources.
The charity excels in its program expense ratio, dedicating 83.41% of its expenses directly to programs, which indicates a focused approach to fulfilling its mission. Supporting policies such as conflict of interest and whistleblower protections are well established, further enhancing the organization's credibility.
While the overall rating is positive, stakeholders should continue to monitor the charity’s performance to ensure sustained accountability and effectiveness. No significant limitations were noted, which suggests a well-managed organization poised to continue its efforts in serving the elderly community.
This AI summary has been generated from information found on Charity Navigator.
Is Revere Elderly Housing Inc legitimate?
Revere Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Revere Elderly Housing Inc 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
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.csi.coop
What is the mission statement of Revere Elderly Housing Inc?
Revere Elderly Housing Inc, as a non-profit organization, is committed to providing housing facilities for low-income senior citizens. Its mission is centered around offering suitable living spaces to this specific demographic, in collaboration with the United States Department of Housing and Urban Development. The corporation was established with the purpose of acquiring property and constructing an apartment project, which subsequently provides a home for elderly individuals who fall under the category of low income.
Official website here: www.csi.coop
Who is the CEO of Revere Elderly Housing Inc?
Cindy Lamb is the President of Revere Elderly Housing Inc.
Official website here: www.csi.coop
What is the revenue of Revere Elderly Housing Inc?
Revere Elderly Housing Inc's revenue in 2022 was $1,505,547.
Official website here: www.csi.coop
Who are the executives of Revere Elderly Housing Inc and what are their salaries?
There 17 volunteers at Revere Elderly Housing Inc.
Here are 20 key members and their salaries:
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- Related: $182,532
- Other: $32,442
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- Other: $63,472
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- Other: $25,359
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- Related: $175,150
- Other: $45,954
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- Related: $182,210
- Other: $47,091
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- Related: $177,736
- Other: $54,448
Official website here: www.csi.coop
Where can I find the form 990 for Revere Elderly Housing Inc?
Revere Elderly Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.csi.coop
Learn more at the official website: www.csi.coop
Mission Statement of Revere Elderly Housing Inc
Revere Elderly Housing Inc, a Massachusetts-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established in cooperation with the US Department of Housing and Urban Development, the corporation's mission is to offer a suitable living environment for elderly individuals who fall under the income threshold. By acquiring appropriate real estate and constructing an apartment project, Revere Elderly Housing Inc contributes to the well-being of the senior community, ensuring they have access to safe and comfortable housing.
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Impact
July, 2024
Revere Elderly Housing Inc makes a significant impact by providing housing facilities for low-income senior citizens in Revere, Massachusetts. This allows vulnerable elderly individuals to have a safe and affordable place to live, helping to enhance their quality of life and well-being. Through their mission of offering housing assistance to seniors in need, Revere Elderly Housing Inc plays a crucial role in ensuring that this demographic is able to access secure and comfortable housing, ultimately contributing to the overall welfare of the community.
This information is meant to be a general summary of Revere Elderly Housing Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,509
- Program Service Revenue: $448,697
- Gross Receipts: $1,505,547
Assets and Liabilities:
- Total Assets: $2,686,989
- Total Liabilities: $4,812,316
- Net Assets: -$2,125,327
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$448,697
Organization Details
Founding Year
1982
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
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