Overview
What is Collins Non-Profit Apartments Inc?
Collins Non-Profit Apartments Inc is a Michigan-based, non-profit housing corporation, established in 1984 in cooperation with Cooperative Services Inc, a Massachusetts non-profit cooperative. This organization's primary mission is to provide housing facilities for low-income senior citizens. They acquired and developed an apartment project in Chelsea, Massachusetts, consisting of 100 units, in collaboration with the U.S. Department of Housing and Urban Development. The organization continues to uphold its mission, offering affordable housing options for this demographic.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Collins Non-Profit Apartments Inc has received an 81% overall rating, indicating a solid level of accountability and financial management. The organization showcases a robust governance structure, highlighted by a board comprised entirely of independent members. This independence, combined with a high program expense ratio of 91.51%, suggests that the majority of funds are directed towards fulfilling their mission rather than administrative costs.
Strengths noted include a comprehensive set of policies that support transparency and ethical governance, such as a conflict of interest policy, a whistleblower policy, and documented board meeting minutes. The organization has also demonstrated effective oversight through its audit and oversight committee, scoring the maximum points in these areas. This commitment to accountability is crucial for building donor trust and ensuring operational integrity.
While the overall scores are strong, the Three-Star rating indicates some areas for improvement to reach the highest tier of performance. However, the absence of material asset diversion and the public availability of financial documents contribute positively to its reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Collins Non-Profit Apartments Inc legitimate?
Collins Non-Profit Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collins Non-Profit Apartments Inc 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 Collins Non-Profit Apartments Inc?
Collins Non-Profit Apartments Inc's mission is focused on providing housing facilities for low-income senior citizens. Established in cooperation with the U.S. Department of Housing and Urban Development, the organization constructs and operates apartment projects, offering affordable living spaces specifically designed for elderly individuals with limited income. The corporation's mission aims to contribute positively to these senior citizens' lives, ensuring they have access to suitable housing options.
Official website here: www.csi.coop
Who is the CEO of Collins Non-Profit Apartments Inc?
Cindy Lamb is the President of Collins Non-Profit Apartments Inc.
Official website here: www.csi.coop
What is the revenue of Collins Non-Profit Apartments Inc?
Collins Non-Profit Apartments Inc's revenue in 2022 was $1,573,013.
Official website here: www.csi.coop
Who are the executives of Collins Non-Profit Apartments Inc and what are their salaries?
There 60 volunteers at Collins Non-Profit Apartments Inc.
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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- Other: $45,954
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- Related: $182,210
- Other: $47,091
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- Related: $177,736
- Other: $54,448
Official website here: www.csi.coop
Where can I find the form 990 for Collins Non-Profit Apartments Inc?
Collins Non-Profit Apartments Inc'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 Collins Non-Profit Apartments Inc
Collins Non-Profit Apartments Inc, as a Massachusetts-based non-profit housing corporation, is dedicated to providing housing facilities for low-income senior citizens. Established in cooperation with the U.S. Department of Housing and Urban Development, this organization's mission is to cater to the housing needs of elderly individuals with limited income. They acquire properties and construct apartment projects specifically designed for this demographic, ensuring a safe and comfortable living environment for these seniors. By doing so, Collins Non-Profit Apartments Inc contributes to the well-being of this vulnerable population, offering them a place to call home and fostering a sense of community among them.
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Impact
October, 2024
Collins Non-Profit Apartments Inc has a profound impact on the community by providing essential housing facilities for low-income senior citizens. Established in 1984, the organization focuses on creating and maintaining affordable living spaces, ensuring that seniors have access to safe and comfortable housing. Located in Chelsea, Massachusetts, the apartment project consists of 100 units dedicated to addressing the housing needs of this vulnerable population.
By partnering with the U.S. Department of Housing and Urban Development, Collins Non-Profit Apartments Inc plays a crucial role in alleviating housing insecurity among low-income seniors. This initiative not only enhances their quality of life but also fosters a sense of community and support among residents. The presence of such housing options helps seniors maintain their independence while providing the necessary resources to thrive in their later years. Overall, Collins Non-Profit Apartments Inc significantly contributes to the well-being of low-income seniors, making a lasting difference in their lives and the community as a whole.
This information is meant to be a general summary of Collins Non-Profit Apartments Inc. 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: $2,076
- Program Service Revenue: $453,920
- Gross Receipts: $1,573,013
Assets and Liabilities:
- Total Assets: $2,648,968
- Total Liabilities: $5,692,643
- Net Assets: -$3,043,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$453,920
Organization Details
Founding Year
1984
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
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