Overview
What is Wyandotte Non-Profit Housing Corporation?
Wyandotte Non-Profit Housing Corporation is a Michigan-based nonprofit organization, established in 1964, primarily dedicated to providing housing facilities for senior citizens with low income. The corporation, located in Warren, Michigan, initially acquired an interest in real property in Wyandotte, Michigan, and constructed a 157-unit apartment project. In partnership with the U.S. Department of Housing and Urban Development, they continue to offer affordable housing solutions to this specific demographic. Their mission remains focused on this essential service, ensuring that elderly residents have access to appropriate housing within their means.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star Rating)
Wyandotte Non-Profit Housing Corporation has earned a Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization scored 82% overall, with its rating primarily reflecting its commitment to transparency and governance. Notably, it boasts a fully independent board and comprehensive policies in place for conflict of interest and whistleblower protection.
The nonprofit demonstrates effective financial management, with a program expense ratio of 72.91%, meaning a significant portion of its expenses is directed towards its programs. Additionally, it has shown no material diversion of assets, contributing positively to its overall financial assessment. These strengths reinforce the organization's reliability and dedication to its mission.
However, the organization faces a challenge in its liabilities to assets ratio, scoring only 3 out of 15 points in this area. This suggests there may be concerns regarding financial leverage that could impact its stability. Overall, while Wyandotte Non-Profit Housing Corporation exhibits commendable accountability and effective program management, potential stakeholders should consider its financial liabilities in their evaluation.
This AI summary has been generated from information found on Charity Navigator.
Is Wyandotte Non-Profit Housing Corporation legitimate?
Wyandotte Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wyandotte 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 Wyandotte Non-Profit Housing Corporation?
The Wyandotte Non-Profit Housing Corporation's mission is centered around providing housing facilities for senior citizens with limited income. Established in 1964, this non-profit housing cooperative aims to offer suitable living spaces in cooperation with the U.S. Department of Housing and Urban Development. Their primary objective is to cater to the housing needs of low-income elderly individuals, thereby contributing to their well-being and overall quality of life.
Who is the CEO of Wyandotte Non-Profit Housing Corporation?
Cindy Lamb is the President of Wyandotte Non-Profit Housing Corporation.
What is the revenue of Wyandotte Non-Profit Housing Corporation?
Wyandotte Non-Profit Housing Corporation's revenue in 2022 was $1,091,918.
Who are the executives of Wyandotte Non-Profit Housing Corporation and what are their salaries?
There 18 volunteers at Wyandotte Non-Profit Housing Corporation.
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $182,532
- Other: $32,442
- Compensation: $0
- Related: $295,265
- Other: $63,472
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $153,401
- Other: $34,172
- Compensation: $0
- Related: $162,992
- Other: $25,359
- Compensation: $0
- Related: $175,150
- Other: $45,954
- Compensation: $0
- Related: $182,210
- Other: $47,091
- Compensation: $0
- Related: $177,736
- Other: $54,448
Where can I find the form 990 for Wyandotte Non-Profit Housing Corporation?
Wyandotte Non-Profit Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wyandotte Non-Profit Housing Corporation
Wyandotte Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established in 1964, this Michigan-based non-profit organization has a mission to make a significant impact in the lives of elderly individuals with limited income. By acquiring real property and constructing an apartment project, Wyandotte Non-Profit Housing Corporation offers a home to these seniors, working in collaboration with the US Department of Housing and Urban Development. This non-profit organization's primary goal is to ensure that senior citizens have access to safe and affordable housing, providing them with a sense of security and stability in their later years.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Wyandotte Non-Profit Housing Corporation significantly enhances the quality of life for low-income senior citizens by providing affordable housing options. Established in 1964, it focuses on creating and maintaining secure, comfortable living spaces tailored to the needs of seniors in Wyandotte, Michigan. With a dedicated apartment project comprising 157 units, the organization collaborates with the U.S. Department of Housing and Urban Development to ensure that accessibility and affordability remain at the forefront of its mission.
The impact of this initiative extends beyond mere housing; it fosters a sense of community among residents, promoting social interactions and support networks essential for emotional well-being in later life. By alleviating housing cost burdens, the Wyandotte Non-Profit Housing Corporation allows seniors to allocate their limited financial resources to other essential needs, such as healthcare and leisure, ultimately enhancing their overall quality of life.
This information is meant to be a general summary of Wyandotte 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: $80
- Program Service Revenue: $638,334
- Gross Receipts: $1,091,918
Assets and Liabilities:
- Total Assets: $3,280,794
- Total Liabilities: $2,225,388
- Net Assets: $1,055,406
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$638,334
Organization Details
Founding Year
1964
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
NTEE Category
Code: L21 - Housing
If you are a representative of Wyandotte Non-Profit Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.