Overview
What is Cots?
Cots is a nonprofit organization situated in Detroit, Michigan. Their primary focus is on supporting families in their journey towards stable housing, economic growth, improved health, education, and career development, ultimately helping them break the cycle of poverty. Through various programs, Cots provides housing assistance for over 80 individuals and families with complex needs, including those with mental health issues, substance abuse problems, HIV/AIDS, and disabilities. Their initiatives include supportive housing under the HUD Shelter Plus Care Program, HUD grants for individuals with disabilities, and family-focused housing programs. Cots manages these housing programs while offering supportive services to ensure the well-being of the families they serve. Their mission is to empower families in poverty to collaborate, thrive, and succeed in building strong households, neighborhoods, and communities.
Official website here: www.cotsdetroit.org
What are the reviews and ratings of this charity?
COTS has received an overall rating of 84% from Charity Navigator, which translates to a Three-Star out of Four Star rating. This score reflects strong performance in various categories, particularly in Accountability & Finance and Culture & Community, demonstrating adherence to best practices and effective governance. However, there is room for improvement in areas such as Impact & Measurement, where the score is significantly lower.
The organization exhibits notable strengths, with 100% independent board members and a robust financial oversight structure, ensuring transparency and accountability. Other commendable metrics include a high Program Expense Ratio of 83.71%, which indicates that a significant portion of their budget is allocated directly to their programs. Furthermore, COTS's strategic goals emphasize social impact, diversity, equity, and access, aligning with their mission to support families in poverty.
Despite its accomplishments, COTS faces challenges in effectively measuring and communicating its overall impact. While specific user feedback from GreatNonprofits was not available, stakeholders may benefit from more comprehensive reporting regarding actual outcomes and success stories resulting from their programs. Addressing this could enhance confidence in their effectiveness and broaden community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Cots legitimate?
Cots is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cots 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: $630,729
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,861,675
For more financial information, click here
Official website here: www.cotsdetroit.org
What is the mission statement of Cots?
Cots, as an organization, aims to help families overcome homelessness and poverty, breaking the cycle for future generations. Their mission is to create and facilitate opportunities that empower families in poverty, enabling them to collaborate, thrive, and succeed in building strong households, neighborhoods, and communities. Cots provides supportive housing through various programs, such as the HUD Shelter Plus Care Program, grants for individuals with disabilities, and supportive housing for families. These programs link leasing/rental assistance to supportive services for vulnerable individuals and families, providing grants for rental assistance. The organization manages the housing aspect of each program, helping hard-to-serve homeless individuals and families with serious mental illnesses, substance abuse issues, HIV/AIDS, or other physical disabilities achieve stability and independence.
Official website here: www.cotsdetroit.org
Who is the CEO of Cots?
Cheryl P Johnson is the Board President & Secretary of Cots. The CEO's salary of Cots is $178,600 and their total compensation is $201,599.
Official website here: www.cotsdetroit.org
What is the revenue of Cots?
Cots's revenue in 2023 was $8,188,509.
Official website here: www.cotsdetroit.org
Who are the executives of Cots and what are their salaries?
The average compensation at Cots during 2023 was $45,953. There are 76 employees and 75 volunteers at Cots.
Here are 20 key members and their salaries (Cots's CEO's salary is $178,600 and their total compensation is $201,599):
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- Compensation: $178,600
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- Compensation: $105,000
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- Other: $11,660
Official website here: www.cotsdetroit.org
Where can I find the form 990 for Cots?
Cots's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cotsdetroit.org
Learn more at the official website: www.cotsdetroit.org
Mission Statement of Cots
Cots, a nonprofit organization, is committed to helping families overcome homelessness and break the cycle of poverty. Their mission is to create and facilitate opportunities that empower families living in poverty, enabling them to collaborate, thrive, and succeed in building strong households, neighborhoods, and communities. By providing supportive housing, Cots sponsors over 80 units of permanent supportive housing for individuals with serious mental illnesses, substance abuse issues, HIV/AIDS, or other physical disabilities, under the HUD Shelter Plus Care Program. They also manage housing for families in their Pathways to Housing program, providing rent and lease assistance in conjunction with supportive services. Furthermore, Cots collaborates with Development Centers, Inc. on the Omega Project, offering 30 units of supportive housing for families. This holistic approach allows Cots to link housing assistance with essential services, thereby empowering vulnerable families to rebuild their lives and create a brighter future for themselves and their future generations.
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Impact
July, 2024
Cots's impact lies in assisting families in reaching their housing, economic, health, education, and career goals as they overcome homelessness and break the cycle of poverty for themselves, their next generation, and beyond. Through their supportive housing programs, Cots sponsors over 80 units of permanent supportive housing under the HUD Shelter Plus Care program, supports individuals with disabilities through 10 units at the Buersmeyer Manor Apartments, provides housing for families in need through programs like Pathways to Housing, and collaborates with Development Centers, Inc. in the Omega Project to offer 30 units of supportive housing. By linking leasing and rental assistance to supportive services, Cots helps hard-to-serve homeless individuals and families dealing with serious mental illnesses, chronic substance abuse issues, HIV/AIDS, or physical disabilities. Their mission is to create opportunities that empower families in poverty to collaborate, thrive, and succeed in building strong households, neighborhoods, and communities.
This information is meant to be a general summary of Cots. 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 2023.
- Investment Income: $865,354
- Program Service Revenue: $413,193
- Gross Receipts: $8,254,304
Assets and Liabilities:
- Total Assets: $26,359,255
- Total Liabilities: $2,005,106
- Net Assets: $24,354,149
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$318,593
REIMBURSEMENT FOR SERV
Revenue
$94,600
Organization Details
Founding Year
1982
Phone
(313) 831-3777Principal Officer
Cheryl P Johnson
Main Address
26 PETERBORO ST STE 100, DETROIT, MI, 48201
Website
www.cotsdetroit.orgNTEE Category
Code: L410 - Housing
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