Overview
What is Cocaa Seminole Development Inc?
Cocaa Seminole Development Inc, operating under the business name Autumn Ridge, is a nonprofit organization situated in Shawnee, Oklahoma. Their primary focus is on providing affordable housing for the elderly with limited income, operating a 12-unit apartment complex to cater to this demographic. The organization, with a modest workforce of three individuals, is dedicated to enhancing the living conditions and ensuring the well-being of this specific population in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65%, Two-Star out of Four Star rating
Cocaa Seminole Development Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance based primarily on its accountability and finance metrics. The overall score reflects an emphasis on the organization's financial practices and governance, highlighting solid aspects such as a fully independent board and no material diversion of assets.
The organization has demonstrated strengths in areas like having a majority of independent board members and a conflict of interest policy in place. Additionally, its program expense ratio is notably high at 96.90%, suggesting that it allocates a significant portion of its resources to its programs rather than administrative costs.
However, there are several key limitations that have affected its score, including the absence of a whistleblower policy and document retention policy, which both received zero points. Furthermore, the charity's liabilities to assets ratio is concerning at 151.75%, indicating potential financial instability, and it has not posted its tax form on its website, which can affect transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Cocaa Seminole Development Inc legitimate?
Cocaa Seminole Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cocaa Seminole Development 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: $8,639
For more financial information, click here
What is the mission statement of Cocaa Seminole Development Inc?
Cocaa Seminole Development Inc is committed to providing housing solutions for the elderly population with limited income. Their mission is realized through the operation of a 12-unit apartment complex, offering affordable living spaces for this demographic. The organization's primary goal is to ensure that these individuals have access to suitable housing, thereby improving their quality of life. By providing these housing units, Cocaa Seminole Development Inc aims to contribute positively to the community and address the housing needs of the elderly with limited financial resources.
Who is the CEO of Cocaa Seminole Development Inc?
Fred Combs is the Board Member of Cocaa Seminole Development Inc.
What is the revenue of Cocaa Seminole Development Inc?
Cocaa Seminole Development Inc's revenue in 2021 was $63,366.
Who are the executives of Cocaa Seminole Development Inc and what are their salaries?
Where can I find the form 990 for Cocaa Seminole Development Inc?
Cocaa Seminole Development Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Cocaa Seminole Development Inc
Cocaa Seminole Development Inc, a nonprofit organization, is committed to providing housing solutions for low-income elderly individuals. Their mission is crystalized in the operation of a 12-unit apartment complex, offering a safe and comfortable living space for this specific demographic. By offering these housing units, the organization aims to contribute to the well-being and dignity of the elderly population, ensuring they can live in a secure and supportive environment.
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Impact
August, 2024
Cocaa Seminole Development Inc's impact is evident in the provision of affordable housing to low-income elderly individuals in Shawnee, Oklahoma. Through the operation of a 12-unit housing apartment complex, this organization addresses the critical need for suitable accommodation among vulnerable populations. By offering safe and comfortable living spaces, Cocaa Seminole Development Inc contributes to enhancing the quality of life for elderly individuals who may have limited financial resources. Their work directly impacts the well-being and stability of the community they serve, ensuring that seniors have a place to call home.
This information is meant to be a general summary of Cocaa Seminole Development 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 2021.
- Investment Income: $101
- Program Service Revenue: $35,815
- Gross Receipts: $63,366
Assets and Liabilities:
- Total Assets: $901,613
- Total Liabilities: $1,289,693
- Net Assets: -$388,080
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$35,723
Laundry and Vending
Revenue
$92
Organization Details
Founding Year
2011
Principal Officer
Fred Combs
Main Address
1901 Kickapoo, Shawnee, OK, 74804
NTEE Category
Code: L21 - Housing
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