Overview
What is Gratiot Woods Non-Profit Housing Corporation?
Gratiot Woods Non-Profit Housing Corporation is a Michigan-based nonprofit organization, established in October 2006, with a mission to provide housing facilities for low-income senior citizens. This nonprofit was formed in cooperation with the U.S. Department of Housing and Urban Development, and its activities were initiated by Cooperative Services, Inc., another Michigan nonprofit cooperative. The organization acquired an interest in real property situated in Detroit, Michigan, and constructed an apartment project comprising 62 units, specifically designed for senior citizens with limited income. Gratiot Woods Non-Profit Housing Corporation continues to offer comfortable living spaces to this demographic, thereby contributing to the broader community.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Gratiot Woods Non-Profit Housing Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization operates with a high level of transparency and effective financial practices, which are critical for maintaining trust with donors and stakeholders.
The organization excels with a perfect score in several key areas, including having an entirely independent board and solid financial oversight measures. With a program expense ratio of 77.45%, Gratiot Woods demonstrates a strong commitment to directing funds toward its mission, which enhances its credibility within the nonprofit sector.
While the ratings highlight the strengths of Gratiot Woods, the focus solely on accountability and finance may not provide a comprehensive view of its overall impact or program effectiveness. Nonetheless, the organization’s solid financial practices and governance structure position it as a reliable entity in the nonprofit housing sector.
This AI summary has been generated from information found on Charity Navigator.
Is Gratiot Woods Non-Profit Housing Corporation legitimate?
Gratiot Woods Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gratiot Woods Non-Profit Housing Corporation 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 Gratiot Woods Non-Profit Housing Corporation?
Gratiot Woods Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Their primary mission is centered around acquiring and managing residential properties, specifically constructing and operating an apartment project with 62 units. This housing is intended for elderly individuals with limited income, in collaboration with the United States Department of Housing and Urban Development. The corporation's aim is to ensure that senior citizens have access to suitable living spaces, thereby enhancing their quality of life.
Official website here: www.csi.coop
Who is the CEO of Gratiot Woods Non-Profit Housing Corporation?
Cindy Lamb is the President of Gratiot Woods Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Gratiot Woods Non-Profit Housing Corporation?
Gratiot Woods Non-Profit Housing Corporation's revenue in 2022 was $600,999.
Official website here: www.csi.coop
Who are the executives of Gratiot Woods Non-Profit Housing Corporation and what are their salaries?
There 12 volunteers at Gratiot Woods Non-Profit Housing Corporation.
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
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- Related: $175,150
- Other: $45,954
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- 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 Gratiot Woods Non-Profit Housing Corporation?
Gratiot Woods Non-Profit Housing Corporation'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 Gratiot Woods Non-Profit Housing Corporation
Gratiot Woods Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established as a Michigan non-profit organization, this corporation aims to serve this specific demographic by offering them a place to call home. The corporation was formed in 2006, in collaboration with the US Department of Housing and Urban Development, with the goal of acquiring real property and constructing an apartment project. This project, situated in Detroit, Michigan, would then be utilized to house senior citizens with limited income, ensuring they have access to suitable living quarters. The corporation's mission is a testament to its commitment to supporting the elderly, offering them a safe and comfortable living environment.
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Impact
July, 2024
Gratiot Woods Non-Profit Housing Corporation provides crucial housing facilities for low-income senior citizens in Warren, Michigan. By offering affordable and comfortable living spaces to this vulnerable population, the organization ensures that seniors have a safe and supportive environment to call home. This impact goes beyond just providing shelter - it positively impacts the quality of life and well-being of these seniors who may otherwise struggle to find suitable housing. Through its commitment to serving this demographic, Gratiot Woods Non-Profit Housing Corporation plays a vital role in addressing housing challenges faced by low-income seniors in the community.
This information is meant to be a general summary of Gratiot Woods Non-Profit Housing Corporation. 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: $2,598
- Program Service Revenue: $196,025
- Gross Receipts: $600,999
Assets and Liabilities:
- Total Assets: $5,157,188
- Total Liabilities: $72,669
- Net Assets: $5,084,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$196,025
Organization Details
Founding Year
2006
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L21 - Housing
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