Overview
What is Dearborn Heights (Csi) Non-Profit Housing Corporation?
Dearborn Heights Non-Profit Housing Corporation, a division of Cooperative Services, Inc., is a Michigan-based non-profit organization established in September 1978. Its primary mission is to offer housing facilities for low-income senior citizens. The corporation, located at 8425 E Twelve Mile Road, Warren, MI 48093, was initially formed to acquire real property in Dearborn Heights, Michigan, and construct an apartment project with 201 units. It collaborates with the U.S. Department of Housing and Urban Development to provide affordable housing solutions for its target demographic.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 79%, Three-Star out of Four Star rating.
Dearborn Heights (Csi) Non-Profit Housing Corporation has achieved a solid three-star rating, reflecting a commitment to accountability and financial management. The organization's score is based entirely on its performance in the Accountability & Finance category, where it garnered a score of 79%. This rating suggests that the nonprofit operates with a level of responsibility that is commendable, particularly in its financial oversight and governance practices.
One of the notable strengths of the organization includes its fully independent board, which consists entirely of independent members, ensuring impartial decision-making. The nonprofit also excels in its financial transparency, as evidenced by its audit and oversight committee scoring full points. Additionally, the organization scores highly in program expense ratio, indicating that a substantial portion of its budget is directed towards its programs and services, which is a positive indicator for potential donors.
However, while the nonprofit's score highlights many strengths, it is important to note that it has room for improvement in areas that could further enhance its rating. The overall score is solely based on financial accountability, which suggests that additional metrics related to program effectiveness or community impact could enrich its evaluation. This focus on finance alone may not provide a complete picture of the organization's overall effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Dearborn Heights (Csi) Non-Profit Housing Corporation legitimate?
Dearborn Heights (Csi) Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dearborn Heights (Csi) 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
What is the mission statement of Dearborn Heights (Csi) Non-Profit Housing Corporation?
The Dearborn Heights (Csi) Non-Profit Housing Corporation is committed to providing housing facilities for low-income senior citizens. This mission is carried out in collaboration with the U.S. Department of Housing and Urban Development. The corporation, a division of Cooperative Services, Inc., was established in September 1978. It acquired property and constructed an apartment project with 201 units, offering housing solutions to senior citizens who fall under the category of low income.
Who is the CEO of Dearborn Heights (Csi) Non-Profit Housing Corporation?
Cindy Lamb is the President of Dearborn Heights (Csi) Non-Profit Housing Corporation.
What is the revenue of Dearborn Heights (Csi) Non-Profit Housing Corporation?
Dearborn Heights (Csi) Non-Profit Housing Corporation's revenue in 2022 was $2,529,473.
Who are the executives of Dearborn Heights (Csi) Non-Profit Housing Corporation and what are their salaries?
There 43 volunteers at Dearborn Heights (Csi) 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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- Other: $63,472
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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
Where can I find the form 990 for Dearborn Heights (Csi) Non-Profit Housing Corporation?
Dearborn Heights (Csi) Non-Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dearborn Heights (Csi) Non-Profit Housing Corporation
Dearborn Heights Non-Profit Housing Corporation, as a division of Cooperative Services, Inc., is committed to providing housing facilities for low-income senior citizens. Established in 1978, this non-profit organization acquired an interest in real property and constructed an apartment project with 201 units. The corporation's mission is to offer housing to this specific demographic, collaborating with the United States Department of Housing and Urban Development. By providing affordable living spaces for senior citizens with limited income, Dearborn Heights Non-Profit Housing Corporation aims to contribute to their quality of life and well-being, offering them a safe and comfortable environment during their golden years.
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Impact
October, 2024
Dearborn Heights (Csi) Non-Profit Housing Corporation plays a vital role in addressing the housing needs of low-income senior citizens. Established in September 1978, it has successfully acquired and developed a property in Dearborn Heights, Michigan, resulting in the construction and operation of a 201-unit apartment complex specifically designed to serve this demographic.
By focusing on providing affordable housing options, the organization collaborates with the U.S. Department of Housing and Urban Development to ensure that seniors have access to safe, stable, and supportive living environments. This initiative not only meets a critical need for affordable housing but also contributes to the overall well-being and independence of low-income seniors, enhancing their quality of life within the community.
The impact of Dearborn Heights (Csi) extends beyond just housing; it fosters a sense of community among residents, which is crucial for their social and emotional health. By addressing housing insecurity and creating an inclusive environment, the organization significantly uplifts the lives of many seniors, ensuring they live with dignity and respect.
This information is meant to be a general summary of Dearborn Heights (Csi) 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: $2,965
- Program Service Revenue: $767,658
- Gross Receipts: $2,529,473
Assets and Liabilities:
- Total Assets: $4,744,287
- Total Liabilities: $5,925,524
- Net Assets: -$1,181,237
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$767,658
Organization Details
Founding Year
1978
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
NTEE Category
Code: L21 - Housing
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