Overview
What is City Square Elderly Housing Inc?
City Square Elderly Housing Inc is a nonprofit housing corporation established in Massachusetts, operating on a non-stock basis. Formed in June 1983, its primary objective was to acquire property in Charlestown, Massachusetts, construct an apartment project, and offer housing for low-income senior citizens in collaboration with the U.S. Department of Housing and Urban Development. The organization's mission is to provide suitable accommodations for this demographic, ensuring that their living situation meets their needs.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
City Square Elderly Housing Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 81% based entirely on its Accountability & Finance metrics. This rating indicates the organization is performing well in maintaining financial health and transparency, which is crucial for donor trust and effective operations.
The organization demonstrates strong governance, with a fully independent board and a comprehensive set of policies, including conflict of interest and whistleblower protections. The program expense ratio is notably high at 93.49%, suggesting that a significant portion of the funds is directed towards its mission rather than administrative costs. This efficiency highlights the nonprofit's commitment to serving its community effectively.
However, while the financial management appears robust, it is important to note the high salaries of key personnel, which may raise questions among some stakeholders regarding executive compensation relative to the organization's overall financial structure. Nonetheless, the absence of any material diversion of assets and the presence of an audit and oversight committee indicate a commendable level of financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is City Square Elderly Housing Inc legitimate?
City Square Elderly Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. City Square 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.csi.coop
What is the mission statement of City Square Elderly Housing Inc?
City Square Elderly Housing Inc, as a non-profit organization, is committed to providing housing facilities for low-income senior citizens. Their mission is centered around acquiring and operating apartment projects, offering a home to elderly individuals who fall under the income bracket specified by the US Department of Housing and Urban Development. This non-profit corporation, established in June 1983, strives to enhance the living conditions for this specific demographic, promoting comfort and security within their community.
Official website here: www.csi.coop
Who is the CEO of City Square Elderly Housing Inc?
Cindy Lamb is the President of City Square Elderly Housing Inc.
Official website here: www.csi.coop
What is the revenue of City Square Elderly Housing Inc?
City Square Elderly Housing Inc's revenue in 2022 was $1,938,820.
Official website here: www.csi.coop
Who are the executives of City Square Elderly Housing Inc and what are their salaries?
There 13 volunteers at City Square 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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- Related: $295,265
- Other: $63,472
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- Related: $153,401
- Other: $34,172
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- Related: $162,992
- Other: $25,359
- Compensation: $0
- Related: $175,150
- Other: $45,954
- Compensation: $0
- Related: $182,210
- Other: $47,091
- Compensation: $0
- Related: $177,736
- Other: $54,448
Official website here: www.csi.coop
Where can I find the form 990 for City Square Elderly Housing Inc?
City Square 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 City Square Elderly Housing Inc
City Square Elderly Housing Inc, as a Massachusetts-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. This mission is carried out by acquiring and managing real property, constructing, and operating an apartment project. The corporation offers housing solutions in collaboration with the U.S. Department of Housing and Urban Development, ensuring that elderly individuals with limited income can reside in a secure environment. By providing such housing, City Square Elderly Housing Inc contributes to the well-being and comfort of senior citizens, enabling them to maintain their independence and dignity while living within their means.
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Impact
July, 2024
City Square Elderly Housing Inc's impact can be seen in the provision of housing facilities for low-income senior citizens in Warren, Michigan. By offering affordable housing options for seniors in need, City Square Elderly Housing Inc contributes to improving the quality of life and well-being of this vulnerable population. Through its mission to provide housing for low-income seniors, the organization plays a vital role in addressing the housing needs of the elderly community and supporting their overall health and stability.
This information is meant to be a general summary of City Square 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: $5,960
- Program Service Revenue: $572,092
- Gross Receipts: $1,938,820
Assets and Liabilities:
- Total Assets: $3,565,286
- Total Liabilities: $7,148,929
- Net Assets: -$3,583,643
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$572,092
Organization Details
Founding Year
1983
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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