Overview
What is St David's Non-Profit Housing Corporation?
St. David's Non-Profit Housing Corporation is a Michigan-based, non-profit organization established in 1978 by Cooperative Services, Inc., another Michigan non-profit entity. Their primary mission is to provide housing facilities for low-income senior citizens. The corporation was initially formed to acquire property and construct an apartment project in Plymouth, Michigan, housing 42 units. This initiative is in partnership with the U.S. Department of Housing and Urban Development (HUD). By offering housing opportunities to economically challenged senior citizens, St. David's Non-Profit Housing Corporation contributes to the well-being of this demographic in the community.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
St David's Non-Profit Housing Corporation has received a solid Three-Star rating, reflecting a commendable performance in accountability and finance. With a score of 82% in these areas, the organization demonstrates robust financial practices, including a high program expense ratio of 75.34%, indicating that a significant portion of its funds is directed towards its mission.
The organization stands out for its governance structure, featuring a fully independent board, which enhances its accountability. All board members are independent, and the charity has implemented effective policies, including conflict of interest and whistleblower policies, ensuring ethical operations. The organization has also been transparent in its financial reporting, with its website information aligned with tax form listings.
However, it is noteworthy that while the accountability and finance score is strong, the overall rating is derived solely from this category, suggesting that additional performance metrics might be necessary for a more comprehensive evaluation. High salaries for key personnel may also raise questions about compensation relative to the nonprofit sector norms.
This AI summary has been generated from information found on Charity Navigator.
Is St David's Non-Profit Housing Corporation legitimate?
St David's Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. St David's Non-Profit Housing 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.
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 St David's Non-Profit Housing Corporation?
St. David's Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. The organization's mission is centered around acquiring and operating housing projects, specifically designed for this demographic. In cooperation with the U.S. Department of Housing and Urban Development, they ensure that these facilities are made available, catering to the needs of seniors who fall under the low-income bracket. The corporation's primary goal is to offer a secure living space, fostering a sense of community and dignity for its elderly residents.
Official website here: www.csi.coop
Who is the CEO of St David's Non-Profit Housing Corporation?
Cindy Lamb is the President of St David's Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of St David's Non-Profit Housing Corporation?
St David's Non-Profit Housing Corporation's revenue in 2022 was $460,755.
Official website here: www.csi.coop
Who are the executives of St David's Non-Profit Housing Corporation and what are their salaries?
There 3 volunteers at St David's Non-Profit Housing Corporation.
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: $153,401
- Other: $34,172
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- Related: $162,992
- Other: $25,359
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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 St David's Non-Profit Housing Corporation?
St David's Non-Profit Housing Corporation'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 St David's Non-Profit Housing Corporation
St. David's Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established as a Michigan non-profit housing corporation, this organization has a mission to make a significant impact in the lives of elderly individuals with limited income. In cooperation with the US Department of Housing and Urban Development, St. David's Non-Profit Housing Corporation constructs and operates apartment projects specifically designed for this demographic. By offering affordable housing, the corporation aims to contribute to the well-being and independence of senior citizens, ensuring they can live comfortably and securely.
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Impact
July, 2024
St David's impact is evident in their mission to provide housing facilities for low-income senior citizens in Plymouth, Michigan. By offering 42 units of affordable housing in cooperation with the US Department of Housing and Urban Development, St David's Non-Profit Housing Corporation plays a crucial role in addressing the housing needs of this vulnerable population. Their commitment to serving seniors in need helps foster a sense of community and security, ensuring that these individuals have a safe and stable place to call home.
This information is meant to be a general summary of St David's Non-Profit Housing 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 2022.
- Investment Income: $64
- Program Service Revenue: $136,093
- Gross Receipts: $460,755
Assets and Liabilities:
- Total Assets: $1,091,004
- Total Liabilities: $1,720,712
- Net Assets: -$629,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$136,093
Organization Details
Founding Year
1978
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L21 - Housing
If you are a representative of St David's Non-Profit Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.