Overview
What is Ontario Senior Housing Inc?
Ontario Senior Housing Inc, established in December 2001, is a California-based nonprofit housing corporation. It was formed in collaboration with Cooperative Services Inc, a Michigan nonprofit cooperative. The primary objective of Ontario Senior Housing Inc is to provide affordable housing for low-income senior citizens. They acquired a property in Ontario, California, and constructed an apartment project comprising 91 units, which they manage to this day. The organization's mission aligns with the U.S. Department of Housing and Urban Development's goal of ensuring decent and safe living conditions for all residents, particularly the elderly.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating.
Ontario Senior Housing Inc. has achieved an impressive score of 96%, reflecting its robust accountability and financial health. This rating is solely derived from a single beacon score, which emphasizes the organization’s commitment to transparency and prudent management of resources. The charity demonstrates a high level of accountability through having an entirely independent board and strong financial oversight.
The organization excels in various key areas, such as having a comprehensive conflict of interest policy and a whistleblower policy, both of which are critical for maintaining integrity and trust. Its financial statements are subject to rigorous audits, and the charity exhibits excellent financial ratios, with 77.48% of expenses directed towards its programs, indicating effective use of funds for its mission.
While there are no significant limitations noted in the rating data, Ontario Senior Housing Inc.'s strong governance and financial practices position it as a reliable choice for donors looking to support a well-managed nonprofit dedicated to senior housing.
This AI summary has been generated from information found on Charity Navigator.
Is Ontario Senior Housing Inc legitimate?
Ontario Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ontario Senior Housing 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 Ontario Senior Housing Inc?
Ontario Senior Housing Inc's mission is centered around providing housing facilities for low-income senior citizens. This non-profit organization strives to ensure that elderly individuals with limited financial resources have access to suitable living accommodations. In collaboration with the U.S. Department of Housing and Urban Development, Ontario Senior Housing Inc. works diligently to acquire and develop properties, transforming them into apartments specifically designed for senior citizens. The corporation's primary objective is to cater to the housing needs of this demographic, thereby enhancing their quality of life.
Official website here: www.csi.coop
Who is the CEO of Ontario Senior Housing Inc?
Cindy Lamb is the President of Ontario Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Ontario Senior Housing Inc?
Ontario Senior Housing Inc's revenue in 2022 was $974,950.
Official website here: www.csi.coop
Who are the executives of Ontario Senior Housing Inc and what are their salaries?
There 24 volunteers at Ontario Senior Housing 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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- Related: $175,150
- Other: $45,954
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- 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 Ontario Senior Housing Inc?
Ontario Senior Housing 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 Ontario Senior Housing Inc
Ontario Senior Housing Inc, a California-based non-profit organization, is committed to providing housing facilities for low-income senior citizens. Established in cooperation with the United States Department of Housing and Urban Development, this organization's mission is to offer a safe and comfortable living space for senior citizens who are financially disadvantaged. Through the acquisition of real property and the construction of an apartment project, Ontario Senior Housing Inc aims to provide a supportive environment where these seniors can reside with dignity and independence. The corporation's objective is to contribute positively to the lives of its residents, ensuring they have access to essential housing services and maintaining a sense of community among them.
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Impact
October, 2024
Ontario Senior Housing Inc plays a crucial role in addressing the housing needs of low-income senior citizens in Ontario, California. By constructing and operating a dedicated apartment project with 91 units, the organization provides accessible living options for vulnerable populations who may struggle to secure safe and affordable housing.
This initiative not only offers a stable living environment but also fosters a sense of community among residents, promoting social engagement and support among seniors. The collaboration with the U.S. Department of Housing and Urban Development ensures that the project aligns with federal efforts to assist low-income families and individuals, thereby enhancing the overall quality of life for its residents.
Overall, Ontario Senior Housing Inc significantly contributes to alleviating housing insecurity among seniors in the area, providing them with a vital resource that supports their dignity, autonomy, and well-being.
This information is meant to be a general summary of Ontario Senior Housing 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: $791
- Program Service Revenue: $346,335
- Gross Receipts: $974,950
Assets and Liabilities:
- Total Assets: $7,982,288
- Total Liabilities: $1,065,239
- Net Assets: $6,917,049
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$346,335
Organization Details
Founding Year
2001
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22 - Housing
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