Overview
What is Essex Non-Profit Housing Corporation?
Essex Non-Profit Housing Corporation is a Michigan-based organization, established under the guidance of Cooperative Services, Inc., a Maryland nonprofit cooperative. With a focus on low-income senior citizens, this nonprofit corporation was established with a non-stock basis. Their primary mission involves acquiring real property in Essex, Maryland, constructing an apartment project containing 209 units, and operating it. The corporation collaborates with the U.S. Department of Housing and Urban Development to provide housing facilities for the specified demographic. Essentially, Essex Non-Profit Housing Corporation aims to contribute to the living situation of low-income senior citizens by offering suitable housing facilities.
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)
Essex Non-Profit Housing Corporation has received a solid Three-Star rating from Charity Navigator, reflecting a score of 81%. This rating emphasizes the organization's strong accountability and financial practices, which are crucial for building trust and ensuring effective management of resources. The score is based entirely on the Accountability & Finance beacon, indicating a focused evaluation on these aspects.
The organization showcases a robust commitment to governance, with 100% of its board members being independent. Additionally, it has demonstrated excellence in its financial oversight, with no material diversions of assets reported. Essex Non-Profit Housing Corporation also maintains strong policies related to conflicts of interest, whistleblowing, and document retention, further enhancing its transparency and accountability.
However, while the organization excels in its financial metrics, the data does indicate that the salaries of key personnel are on the higher side. This could raise questions about compensation practices in relation to the organization's overall financial health and its mission-driven focus. Nonetheless, the high program expense ratio of 84.36% suggests that a significant portion of its resources is directed towards its programs, which is a positive indicator of its commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Essex Non-Profit Housing Corporation legitimate?
Essex Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Essex 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 Essex Non-Profit Housing Corporation?
The Essex Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Their mission is centered around acquiring and managing real estate to construct and operate an apartment project, offering housing solutions to this specific demographic in partnership with the US Department of Housing and Urban Development. The organization's primary goal is to ensure that elderly individuals with limited income have access to suitable housing accommodations.
Official website here: www.csi.coop
Who is the CEO of Essex Non-Profit Housing Corporation?
Cindy Lamb is the President of Essex Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Essex Non-Profit Housing Corporation?
Essex Non-Profit Housing Corporation's revenue in 2022 was $2,989,282.
Official website here: www.csi.coop
Who are the executives of Essex Non-Profit Housing Corporation and what are their salaries?
There 22 volunteers at Essex Non-Profit Housing Corporation.
Here are 19 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
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- 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 Essex Non-Profit Housing Corporation?
Essex 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 Essex Non-Profit Housing Corporation
Essex Non-Profit Housing Corporation is committed to providing housing facilities for low-income senior citizens. This mission-driven organization, established with cooperation from the U.S. Department of Housing and Urban Development, aims to make a significant impact in the lives of elderly individuals by offering them a place to call home. The corporation constructs and operates apartment projects specifically designed for this demographic, ensuring that they have access to affordable and suitable living spaces. By prioritizing the needs of low-income senior citizens, Essex Non-Profit Housing Corporation contributes to their overall well-being and supports their ability to maintain an independent and dignified lifestyle.
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Impact
October, 2024
Essex Non-Profit Housing Corporation provides critical housing facilities for low-income senior citizens, addressing the pressing need for affordable living options in the community. By acquiring real property and constructing an apartment project consisting of 209 units in Essex, Maryland, it facilitates access to safe and stable housing for a vulnerable population.
The organization operates in close collaboration with the U.S. Department of Housing and Urban Development, ensuring compliance with federal standards and guidelines to foster a supportive and enriching living environment. This initiative not only contributes to the well-being of seniors but also enhances the overall quality of life in the surrounding area.
By focusing on the housing needs of low-income seniors, the corporation helps reduce homelessness and instability among older adults, promoting healthier and more integrated communities. Collectively, these efforts play a significant role in addressing broader social issues related to housing, security, and the dignity of senior citizens, while also potentially impacting local crime rates by fostering stable neighborhoods.
This information is meant to be a general summary of Essex 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: $1,167
- Program Service Revenue: $833,450
- Gross Receipts: $2,989,282
Assets and Liabilities:
- Total Assets: $7,278,087
- Total Liabilities: $8,036,082
- Net Assets: -$757,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$833,450
Organization Details
Founding Year
2005
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: I20 - Crime
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