Overview
What is Coa Housing Inc?
Coa Housing Inc is a Columbus, Ohio-based nonprofit organization committed to providing multifamily subsidized housing for the elderly and handicapped. They accomplish this by owning real estate and managing an apartment complex, which is funded through Section 202 of the National Housing Act. This government program provides rent supplements to the organization, ensuring affordable living for its residents. Coa Housing Inc's mission not only meets the housing needs of its tenants but also contributes to their overall well-being by offering a supportive environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Star rating)
Coa Housing Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. The organization has demonstrated strong governance with 100% independent board members and a solid program expense ratio of 82.28%, reflecting a significant portion of its funds directed towards its mission. Additionally, it maintains a robust audit and oversight committee, with no material diversion of assets noted.
However, several key areas are lacking, including the absence of a whistleblower policy and a document retention policy. Furthermore, while the organization has fulfilled some transparency requirements, it has not posted its tax forms on its website, which is an important factor for donor confidence. The overall liabilities to assets ratio is concerning at 140.41%, suggesting financial instability that could affect its operations and sustainability.
Overall, while Coa Housing Inc shows commitment to its mission through effective program spending and governance, it faces challenges in financial transparency and policies that could enhance its accountability and trustworthiness in the nonprofit sector. Addressing these limitations could improve its rating in the future and bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Coa Housing Inc legitimate?
Coa Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coa 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: $74,941
For more financial information, click here
What is the mission statement of Coa Housing Inc?
Coa Housing Inc, as a nonprofit organization, focuses on providing multifamily subsidized housing for the elderly and handicapped. They accomplish this through an apartment complex, leveraging the Section 202 of the National Housing Act. The organization receives rental support from HUD to make affordable housing options available for this specific demographic. Their mission is centered around enhancing the living conditions and ensuring accessibility for individuals who may have mobility challenges or be of advanced age.
Who is the CEO of Coa Housing Inc?
William Moorhead is the President of Coa Housing Inc.
What is the revenue of Coa Housing Inc?
Coa Housing Inc's revenue in 2022 was $528,620.
Who are the executives of Coa Housing Inc and what are their salaries?
The average compensation at Coa Housing Inc during 2022 was $37,470. There are 2 employees at Coa Housing Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Coa Housing Inc?
Coa Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Coa Housing Inc
Coa Housing Inc, as a nonprofit organization, is dedicated to providing multifamily subsidized housing for the elderly and handicapped. It achieves this mission by owning real estate and operating an apartment complex under Section 202 of the National Housing Act. The nonprofit receives rental supplements from HUD to make these accommodations affordable for its residents. By offering subsidized housing, Coa Housing Inc enables vulnerable individuals to have a secure living environment, promoting their overall well-being and independence.
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Impact
July, 2024
Coa Housing Inc's impact is centered around providing essential housing services to the elderly and handicapped in Columbus, OH. Through its apartment complex operated under Section 202 of the National Housing Act, this organization plays a crucial role in offering multifamily subsidized housing to those in need. By receiving rent supplements from HUD, Coa Housing Inc ensures that vulnerable populations have access to safe and affordable living arrangements, ultimately contributing to the well-being and quality of life of its residents.
This information is meant to be a general summary of Coa 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: $776
- Program Service Revenue: $527,844
- Gross Receipts: $528,620
Assets and Liabilities:
- Total Assets: $1,317,828
- Total Liabilities: $1,850,400
- Net Assets: -$532,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD Rent Subsidy
Revenue
$305,784
Tenant Rent Income
Revenue
$222,060
Organization Details
Founding Year
1986
Phone
(614) 818-4640Principal Officer
William Moorhead
Main Address
2700 E Dublin-Granville Rd, Columbus, OH, 43231
NTEE Category
Code: L210 - Housing
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