Overview
What is Cookson Hills Properties Inc?
Cookson Hills Properties Inc is a nonprofit organization dedicated to providing housing solutions for low-income elderly individuals. Based on the National Housing Act of 1959, specifically Section 202, they aim to offer 23 residential units. Their mission revolves around enhancing the living conditions of elderly persons with limited income, ensuring they have access to a comfortable and secure living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating indicates that Cookson Hills Properties Inc demonstrates a moderate level of accountability and transparency in its financial practices. The organization has received high scores in several areas such as having a fully independent board and no material diversion of assets, showcasing a commitment to ethical governance.
Strengths of Cookson Hills Properties include a strong program expense ratio of 96.76%, which indicates that the vast majority of its resources are directed towards its programs rather than administrative costs. Furthermore, the presence of a conflict of interest policy and proper documentation practices reflects its dedication to maintaining organizational integrity.
However, the organization faces challenges, particularly with a liabilities to assets ratio of 169.71%, which may raise concerns about its financial stability. While the high program expense ratio is commendable, the significant liabilities could indicate potential risks in financial health moving forward. Overall, while Cookson Hills Properties shows promise in accountability, it faces important considerations regarding its financial obligations.
This AI summary has been generated from information found on Charity Navigator.
Is Cookson Hills Properties Inc legitimate?
Cookson Hills Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cookson Hills Properties 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: $27,492
For more financial information, click here
What is the mission statement of Cookson Hills Properties Inc?
Cookson Hills Properties Inc, as outlined in its mission, is committed to serving the needs of low-income elderly individuals. This commitment is rooted in Section 202 of the National Housing Act of 1959. The organization's primary objective is to provide housing solutions, leveraging this legislative provision. By doing so, Cookson Hills Properties Inc aims to contribute to the well-being of this specific demographic, ensuring they have access to safe and suitable living environments. The organization manages 23 housing units, all designed to support low-income elderly persons, consistent with the provisions of Section 202 of the National Housing Act of 1959.
Who is the CEO of Cookson Hills Properties Inc?
Bobby C Whitewater is the Chairman of Cookson Hills Properties Inc.
What is the revenue of Cookson Hills Properties Inc?
Cookson Hills Properties Inc's revenue in 2022 was $126,218.
Who are the executives of Cookson Hills Properties Inc and what are their salaries?
The average compensation at Cookson Hills Properties Inc during 2022 was $13,746. There are 2 employees and 5 volunteers at Cookson Hills Properties Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Cookson Hills Properties Inc?
Cookson Hills Properties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cookson Hills Properties Inc
Cookson Hills Properties Inc, as a nonprofit organization, is committed to providing housing for low-income elderly individuals. This mission is rooted in Section 202 of the National Housing Act of 1959. The organization's primary goal is to offer 23 units of HUD housing, specifically designed for this demographic, ensuring they have a safe and comfortable living space. By doing so, Cookson Hills Properties Inc is contributing to the well-being and dignity of the elderly, providing them with a sense of independence and stability. The organization's efforts are instrumental in addressing the housing needs of this vulnerable population, thereby enhancing their quality of life.
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Impact
October, 2024
Cookson Hills Properties Inc plays a vital role in addressing housing needs for low-income elderly individuals in Tulsa, Oklahoma. By providing 23 units of HUD housing, the organization directly supports this vulnerable demographic, offering not just shelter but also a sense of community and stability.
The focus on low-income elderly persons ensures that those who are often marginalized and face economic challenges have access to safe and affordable housing options. This initiative not only enhances the quality of life for residents but also contributes to their well-being by reducing the risk of homelessness and its associated hardships.
In a broader context, Cookson Hills Properties Inc helps alleviate some of the pressure on social services and healthcare systems, as stable housing is a fundamental determinant of health. By fostering a supportive environment through accessible housing, the organization strengthens the community fabric in Tulsa, demonstrating a commitment to social equity and the dignity of all individuals.
This information is meant to be a general summary of Cookson Hills Properties 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: $152
- Program Service Revenue: $59,079
- Gross Receipts: $126,218
Assets and Liabilities:
- Total Assets: $896,876
- Total Liabilities: $1,522,141
- Net Assets: -$625,265
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$57,894
Laundry and Vending
Tenant Charges
Revenue
$1,185
Organization Details
Founding Year
2003
Principal Officer
Bobby C Whitewater
Main Address
6859 S Canton Ave, Tulsa, OK, 74136
NTEE Category
Code: L22 - Housing
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