Overview
What is Cooperative Housing Corporation?
Cooperative Housing Corporation is a nonprofit organization located in Warren, New Jersey. With a mission to provide affordable living solutions, they manage four homes specifically designed for low-income senior citizens and one for developmentally disabled adults. These residences offer more than just housing; they also provide vital support services and meals for their tenants. The corporation's mission is rooted in helping these individuals enjoy a sense of companionship and support through shared living arrangements, thereby enhancing their quality of life. With a team of nine dedicated employees, Cooperative Housing Corporation is committed to making a positive impact in the lives of older and special needs adults.
Official website here: www.chchousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (58%)
Cooperative Housing Corporation has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization does have an independent board with 100% of members being independent and demonstrates good practices in areas such as conflict of interest and asset management, it falls short in several key areas that impact its overall score.
One positive aspect is that the organization maintains a high program expense ratio of 88.17%, suggesting that a large portion of its budget is directed towards its programs. However, there are notable deficiencies in critical policies and documentation, including the absence of a whistleblower policy, a document retention policy, and the lack of publicly accessible tax forms on its website. These shortcomings contribute to its low accountability score.
Overall, while the Cooperative Housing Corporation shows strengths in certain governance aspects, the missing policies and high liabilities relative to assets raise questions about its financial health and transparency. Improved adherence to best practices in governance and accountability could enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cooperative Housing Corporation legitimate?
Cooperative Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cooperative 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: $375,211
For more financial information, click here
Official website here: www.chchousing.org
What is the mission statement of Cooperative Housing Corporation?
The Cooperative Housing Corporation's mission is centered around providing affordable living arrangements and essential services for older adults and some individuals with special needs. The corporation is committed to ensuring these individuals have access to suitable housing, companionship, and support through cooperative living arrangements. The primary objective is to enhance their living conditions and promote a sense of community. The Corporation manages four homes for low-income senior citizens and one for independent adults with developmental disabilities, offering housing, support services, and food to their tenants.
Official website here: www.chchousing.org
Who is the CEO of Cooperative Housing Corporation?
Stephen Johnson is the President of Cooperative Housing Corporation.
Official website here: www.chchousing.org
What is the revenue of Cooperative Housing Corporation?
Cooperative Housing Corporation's revenue in 2022 was $670,049.
Official website here: www.chchousing.org
Who are the executives of Cooperative Housing Corporation and what are their salaries?
The average compensation at Cooperative Housing Corporation during 2022 was $41,690. There are 9 employees and 7 volunteers at Cooperative Housing Corporation.
Here are 8 key members and their salaries:
- Compensation: $43,000
- Related: $0
- Other: $0
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- 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
Official website here: www.chchousing.org
Where can I find the form 990 for Cooperative Housing Corporation?
Cooperative Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chchousing.org
Learn more at the official website: www.chchousing.org
Mission Statement of Cooperative Housing Corporation
Cooperative Housing Corporation is committed to providing affordable living spaces and support services for older adults and some individuals with special needs who have modest incomes. The organization's mission, in essence, is to ensure that these individuals can enjoy safe, comfortable housing and the camaraderie and assistance offered through cooperative shared living arrangements. The Corporation is deeply dedicated to addressing the housing needs of this population, aiming to provide them with a sense of community and companionship in addition to their basic living needs. Through the management of four homes for senior citizens and one for independently living adults with developmental disabilities, Cooperative Housing Corporation offers housing, support services, and food to its tenants.
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Impact
July, 2024
Cooperative Housing Corporation's impact is significant in providing affordable shared living residences and services to older and special needs adults in WARREN, NJ. By managing four homes for low-income senior citizens and one home for developmentally disabled independent adults, the organization offers housing, support services, and food for its tenants. Cooperative Housing Corporation is dedicated to helping individuals enjoy adequate housing, companionship, and support through cooperative shared living arrangements, making a positive difference in the lives of those they serve.
This information is meant to be a general summary of Cooperative 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.
- Program Service Revenue: $526,211
- Gross Receipts: $670,049
Assets and Liabilities:
- Total Assets: $2,126,668
- Total Liabilities: $1,861,793
- Net Assets: $264,875
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Food
Revenue
$192,786
Service
Revenue
$1,145
BOSS Income
Revenue
$12,803
Rent Income
Revenue
$310,839
Other
Revenue
$8,638
Organization Details
Founding Year
1986
Phone
(908) 526-8130Principal Officer
Stephen Johnson
Main Address
2 Lindbergh Avenue, Warren, NJ, 07059
Website
www.chchousing.orgNTEE Category
Code: L20Z - Housing
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