Overview
What is Coap Inc?
Coap Inc is a nonprofit organization situated in Harlan, Bell, and Leslie Counties of Kentucky. Their primary mission is to offer sustainable, affordable, safe, energy-efficient, and dry housing to moderate, low, and very low-income families and individuals within their service area. The organization strives to meet the community's housing needs and serves as an advocate for housing activities benefiting the less fortunate. By providing affordable housing, Coap Inc aims to empower families to maintain a stable living environment, ensuring their wellbeing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star Rating)
Coap Inc has received a 67% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization boasts a high score in several key areas, including having 100% independent board members and a strong program expense ratio of 91.60%, suggesting that the majority of its funds are directed towards its mission-driven programs.
The charity shows strengths in governance, with all board members being independent and maintaining proper documentation of board meeting minutes. Additionally, there are no indications of material diversion of assets, which is a positive sign of transparency and ethical management.
However, while Coap Inc demonstrates solid financial practices, the overall two-star rating suggests there may be areas for improvement in organizational effectiveness or transparency that could enhance its rating further. Potential donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Coap Inc legitimate?
Coap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coap 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: $73,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Coap Inc?
Coap Inc's mission is centered around providing sustainable, affordable, safe, and energy-efficient housing to families and individuals categorized as moderate, low, and very low income. This mission is carried out primarily in the regions of Harlan, Bell, and Leslie Counties in Kentucky. The organization's primary goal is to ensure that these homes are also dry, contributing to the overall well-being and comfort of the residents. Coap Inc also aims to offer services that enable these families to maintain their housing, demonstrating a commitment to their community and the needs of its low-income population. The organization serves as an advocate for housing activities that benefit this community, demonstrating its dedication to improving the living conditions of its target demographic.
Who is the CEO of Coap Inc?
Michael King is the Executive Director of Coap Inc.
What is the revenue of Coap Inc?
Coap Inc's revenue in 2021 was $750,417.
Who are the executives of Coap Inc and what are their salaries?
The average compensation at Coap Inc during 2021 was $18,417. There are 4 employees at Coap Inc.
Here are 7 key members and their salaries:
- Compensation: $46,154
- 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Coap Inc?
Coap Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Coap Inc
Coap Inc, a nonprofit organization, is committed to providing sustainable, affordable, safe, energy-efficient, and dry housing for families and individuals who fall under the categories of moderate, low, and very low income. The primary goal of this organization is to ensure that these individuals have access to secure and efficient living spaces in Harlan, Bell, and Leslie Counties of Kentucky. Coap Inc strives to make housing attainable and maintainable for its residents, while also being responsive to the needs of the community. As an advocate for housing activities within the low-income community, Coap Inc plays a significant role in promoting affordable living standards for its beneficiaries.
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Impact
October, 2024
Coap Inc significantly impacts the communities of Harlan, Bell, and Leslie Counties in Kentucky by addressing critical housing needs for moderate, low, and very low-income families and individuals. The organization prioritizes the provision of sustainable, safe, energy-efficient, and dry housing, ensuring that residents have access to dignified living conditions.
By focusing on affordable housing solutions, Coap Inc not only meets immediate shelter needs but also empowers families through various supportive services. These initiatives enable individuals to attain and maintain stable housing, reducing the risk of homelessness and improving overall community health and well-being. The organization acts as an advocate for housing rights, actively responding to the unique needs of the community and influencing housing policies that benefit low-income households.
In essence, Coap Inc plays a vital role in fostering community resilience, economic stability, and improved quality of life for some of the most vulnerable populations in the region.
This information is meant to be a general summary of Coap 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.
- Gross Receipts: $750,417
Assets and Liabilities:
- Total Assets: $1,456,685
- Total Liabilities: $453,536
- Net Assets: $1,003,149
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Organization Details
Founding Year
1984
Principal Officer
Michael King
Main Address
PO BOX 1617, HARLAN, KY, 40831
NTEE Category
Code: L20 - Housing
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