Overview
What is Bishop Non-Profit Housing Corporation?
Bishop Non-Profit Housing Corporation is a Michigan-based nonprofit cooperative, established in July 1969. Its primary purpose is to offer housing facilities for low-income senior citizens. The organization, located in Warren, Michigan, was initially formed to acquire property in Wyandotte, Michigan, and construct an apartment project, comprising 198 units. In line with its mission, Bishop Non-Profit Housing Corporation collaborates with the US Department of Housing and Urban Development to provide affordable housing solutions for this demographic.
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)
Bishop Non-Profit Housing Corporation has received a Three-Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization scored 81% based entirely on its Accountability & Finance metrics, demonstrating a strong commitment to transparency and responsible management of resources.
The organization shows robust governance with a fully independent board composed of ten members. It has received full marks for various governance practices, including the existence of key policies such as conflict of interest and whistleblower protections. Additionally, the majority of its expenses are allocated towards programmatic activities, with a program expense ratio of 75.53%, which indicates effective utilization of funds towards mission-related work.
However, while the financial oversight appears solid, some concerns may arise regarding the compensation of key personnel, which is notably high. This could prompt further examination of how administrative costs are balanced with programmatic impact. Overall, Bishop Non-Profit Housing Corporation showcases effective governance, yet the disparity in salaries warrants attention as part of its ongoing operational assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Bishop Non-Profit Housing Corporation legitimate?
Bishop Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bishop 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 Bishop Non-Profit Housing Corporation?
Bishop Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established in 1969, the organization's primary objective is to accommodate elderly individuals with limited financial means. The corporation collaborates with the United States Department of Housing and Urban Development to offer suitable housing solutions. Through its services, Bishop Non-Profit Housing Corporation aims to contribute positively to the lives of senior citizens, ensuring they live in comfortable and secure environments.
Official website here: www.csi.coop
Who is the CEO of Bishop Non-Profit Housing Corporation?
Cindy Lamb is the President of Bishop Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Bishop Non-Profit Housing Corporation?
Bishop Non-Profit Housing Corporation's revenue in 2022 was $1,430,833.
Official website here: www.csi.coop
Who are the executives of Bishop Non-Profit Housing Corporation and what are their salaries?
There 36 volunteers at Bishop Non-Profit Housing Corporation.
Here are 19 key members and their salaries:
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- Related: $182,532
- Other: $32,442
- Compensation: $0
- 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
- Compensation: $0
- 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 Bishop Non-Profit Housing Corporation?
Bishop 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 Bishop Non-Profit Housing Corporation
Bishop Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established in July 1969, this Michigan-based non-profit cooperative aims to make a significant impact in the lives of elderly individuals with limited financial resources. The corporation's mission is to acquire real estate, construct apartments, and operate a project consisting of 198 units specifically designed for senior citizens. In collaboration with the U.S. Department of Housing and Urban Development, Bishop Non-Profit Housing Corporation offers housing solutions that cater to the needs of this vulnerable population, ensuring that they can live comfortably and securely.
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Impact
October, 2024
Bishop Non-Profit Housing Corporation dramatically enhances the quality of life for low-income senior citizens in Wyandotte, Michigan, by providing essential housing facilities. Established in July 1969, this organization has focused on creating and maintaining an apartment project consisting of 198 units specifically designed for seniors in need.
By collaborating with the U.S. Department of Housing and Urban Development, Bishop Non-Profit Housing Corporation ensures that these residents have access to safe, affordable living options that cater to their unique needs. The impact goes beyond mere shelter; it fosters a sense of community and belonging, allowing seniors to live with dignity and security. As a result, this initiative helps alleviate the financial burden on low-income seniors, enabling them to focus on their well-being and independence. Ultimately, Bishop Non-Profit Housing Corporation plays a vital role in promoting stability and enhancing the overall quality of life for its residents.
This information is meant to be a general summary of Bishop 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: $143
- Program Service Revenue: $1,057,713
- Gross Receipts: $1,430,833
Assets and Liabilities:
- Total Assets: $3,138,259
- Total Liabilities: $3,697,928
- Net Assets: -$559,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,057,713
Organization Details
Founding Year
1970
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L20 - Housing
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