Overview
What is Seda-Cog Housing Development Corporation?
Seda-Cog Housing Development Corporation is a nonprofit organization situated in Lewisburg, Pennsylvania. Its primary mission is to improve and promote affordable housing opportunities for low and moderate-income individuals and families. Specifically, they have dedicated their efforts to creating decent living spaces for the elderly with low incomes. To achieve this goal, Seda-Cog has developed and manages nine low-income elderly apartment buildings in the region, providing much-needed accommodation options for this demographic.
Official website here: www.housing.sedacog
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Seda-Cog Housing Development Corporation has achieved an 84% score on Charity Navigator, indicating a solid organizational performance and commitment to accountability and financial transparency. The organization boasts a fully independent board and has received high marks for its financial statements and lack of material asset diversion, suggesting effective governance and responsible management of funds.
However, there are notable areas for improvement, particularly regarding policies related to conflict of interest, whistleblower protection, and document retention. The absence of these policies could pose risks to the organization’s governance and accountability. Additionally, the nonprofit has not posted its tax form on its website, which may affect transparency for potential donors and stakeholders.
Overall, Seda-Cog demonstrates strengths in financial management and board independence, but addressing its policy deficiencies would enhance its credibility and operational effectiveness. By focusing on these areas, the organization could improve its standing and functionality in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Seda-Cog Housing Development Corporation legitimate?
Seda-Cog Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seda-Cog Housing Development 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.
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Official website here: www.housing.sedacog
What is the mission statement of Seda-Cog Housing Development Corporation?
The Seda-Cog Housing Development Corporation is dedicated to creating opportunities for affordable and decent housing for low-income elderly individuals across the region. They accomplish this by developing and managing nine low-income, elderly apartment buildings in the area, aiming to enhance and promote housing opportunities for those in need. The corporation's mission is aligned with the goal of improving the living situations of elderly individuals with limited financial resources, ensuring they have access to decent housing.
Official website here: www.housing.sedacog
What is the revenue of Seda-Cog Housing Development Corporation?
Seda-Cog Housing Development Corporation's revenue in 2023 was $740,850.
Official website here: www.housing.sedacog
Who are the executives of Seda-Cog Housing Development Corporation and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.housing.sedacog
Where can I find the form 990 for Seda-Cog Housing Development Corporation?
Seda-Cog Housing Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.housing.sedacog
Learn more at the official website: www.housing.sedacog
Mission Statement of Seda-Cog Housing Development Corporation
Seda-Cog Housing Development Corporation is committed to creating opportunities for affordable and decent housing for low-income elderly individuals throughout the region. This nonprofit organization has made significant strides in achieving this mission by developing and managing nine low-income, elderly apartment buildings in the area. By enhancing and promoting housing opportunities, Seda-Cog Housing Development Corporation is dedicated to improving the lives of elderly individuals who may be financially disadvantaged. The corporation's work in providing affordable housing not only meets the basic need for shelter but also contributes to the overall well-being of the elderly population in the community.
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Impact
October, 2024
Seda-Cog Housing Development Corporation plays a vital role in enhancing the quality of life for low-income elderly individuals in the region. By developing and managing nine low-income elderly apartment buildings, it creates accessible and decent housing options that directly address the needs of this vulnerable population. This initiative not only provides safe and affordable living spaces but also fosters a sense of community among residents, promoting social connections and support networks. Through its efforts, Seda-Cog significantly contributes to the overall improvement of the community, ensuring that low and moderate-income families have access to the resources necessary for a stable and dignified life.
This information is meant to be a general summary of Seda-Cog Housing Development 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 2023.
- Investment Income: $191,669
- Program Service Revenue: $549,181
- Gross Receipts: $740,850
Assets and Liabilities:
- Total Assets: $7,484,616
- Total Liabilities: $766,701
- Net Assets: $6,717,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$447,513
ADMINISTRATIVE FEE INCOME
Revenue
$97,052
DEBT FORGIVENESS REVENUE
Revenue
$2,516
INVESTOR SERVICE FEES
Revenue
$1,300
FARMING LAND LEASE INCOME
Revenue
$800
Organization Details
Founding Year
1993
Principal Officer
Leslie Osgood
Website
www.housing.sedacogNTEE Category
Code: S21Z - Community improvement
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