Overview
What is Cove Homes Incorporated?
Cove Homes Incorporated, situated in East Greenwich, Rhode Island, is a dedicated nonprofit organization. Its primary mission is to provide affordable housing solutions for low and moderate-income senior citizens and families. Established with this purpose in mind, the organization strives to ensure that these individuals have access to suitable residential spaces. While the specifics of their activities are not detailed, it can be inferred that they likely work towards acquiring, renovating, and managing these housing units to meet the needs of their target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Cove Homes Incorporated has received an overall score of 82%, which is primarily based on its Accountability & Finance metrics. This rating suggests a solid performance in financial management, indicating that the organization operates with a high level of transparency and responsibility. The absence of material diversion of assets and the presence of an independent board further highlight its commitment to ethical practices.
The organization excels with a perfect score in several key areas, including its Program Expense Ratio, which reflects the dedication to its mission-driven activities. Additionally, the board is composed entirely of independent members, ensuring that governance is not influenced by outside interests. The board's effective oversight and regular documentation of meetings contribute positively to its accountability framework.
However, the rating is based solely on the Accountability & Finance beacon, which means other areas of the organization’s effectiveness or programmatic impact are not assessed in this score. Thus, while it demonstrates strong financial accountability, potential donors or stakeholders may want to seek additional information regarding the organization’s overall effectiveness and program outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Cove Homes Incorporated legitimate?
Cove Homes Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cove Homes Incorporated 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:
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What is the mission statement of Cove Homes Incorporated?
Cove Homes Incorporated is committed to a mission that prioritizes providing decent and reasonably priced housing for senior citizens and families with moderate to low income levels. This organization strives to make a significant impact in the housing sector by offering an affordable living solution, ensuring that individuals in need have a suitable place to call home. They aim to foster a sense of community and dignity, enabling these families and senior citizens to live comfortably and with a sense of security.
Who is the CEO of Cove Homes Incorporated?
Tracy Johnson is the Director of Cove Homes Incorporated.
What is the revenue of Cove Homes Incorporated?
Cove Homes Incorporated's revenue in 2022 was $2,128,011.
Who are the executives of Cove Homes Incorporated and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Cove Homes Incorporated?
Cove Homes Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cove Homes Incorporated
Cove Homes Incorporated is dedicated to providing decent and affordable housing solutions for low and moderate income senior citizens and families. Their mission is centered around ensuring that these individuals have access to suitable living spaces, enabling them to maintain a dignified and comfortable lifestyle. By offering affordable housing options, Cove Homes Incorporated aims to alleviate the financial burden that often comes with securing housing, thereby empowering these individuals to focus on other aspects of their lives.
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Impact
July, 2024
Cove Homes Incorporated's impact lies in its mission to provide decent and affordable housing for low and moderate-income senior citizens and families in East Greenwich, Rhode Island. By offering quality housing options to those in need, Cove Homes Incorporated plays a crucial role in addressing the housing challenges faced by vulnerable populations in the community. Their commitment to ensuring that seniors and families have a safe and stable place to live contributes significantly to improving the overall well-being of these individuals and the community as a whole. Through their dedicated efforts, Cove Homes Incorporated positively impacts the lives of many by providing a fundamental necessity - a place to call home.
This information is meant to be a general summary of Cove Homes Incorporated. 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.
- Program Service Revenue: $563,430
- Gross Receipts: $2,128,011
Assets and Liabilities:
- Total Assets: $2,623,679
- Total Liabilities: $979,431
- Net Assets: $1,644,248
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$563,430
Organization Details
Founding Year
1990
Phone
(401) 885-2610Principal Officer
Tracy Johnson
Main Address
146 FIRST AVENUE, EAST GREENWICH, RI, 02818
NTEE Category
Code: L20Z - Housing
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