Overview
What is Kalamazoo Non-Profit Apartments Inc Corporation?
Kalamazoo Non-Profit Apartments Inc Corporation is a Michigan-based nonprofit housing corporation, established on a non-stock basis by Cooperative Services, Inc., another Michigan nonprofit cooperative, on May 1, 1983. Their primary objective is to offer housing facilities for low-income senior citizens. Initially, they acquired an interest in real property located in Kalamazoo, Michigan, and constructed a 238-unit apartment project named Washington Square Cooperative Apartments. This housing project is in collaboration with the US Department of Housing and Urban Development, catering specifically to low-income senior citizens.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Kalamazoo Non-Profit Apartments Inc Corporation has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 81% in this category, highlighting its commitment to transparency and proper financial management. Notably, it has an independent board with a complete majority of members, reinforcing its governance integrity.
The organization demonstrates solid fiscal practices, as indicated by its program expense ratio of 78.76%, which suggests a significant portion of its funds directly supports its mission. Additionally, it has established comprehensive policies surrounding conflict of interest, whistleblowing, and document retention, further contributing to its accountability measures.
However, while the financial management and governance aspects are commendable, the data reveals high salaries for several key personnel, which may raise questions regarding compensation fairness in relation to the nonprofit's overall mission. Balancing effective leadership with prudent spending will be essential for maintaining public trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Kalamazoo Non-Profit Apartments Inc Corporation legitimate?
Kalamazoo Non-Profit Apartments Inc Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Non-Profit Apartments Inc 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 Kalamazoo Non-Profit Apartments Inc Corporation?
The mission of Kalamazoo Non-Profit Apartments Inc Corporation, as a non-profit housing corporation, is centered around providing housing facilities for low-income senior citizens. This organization, established in cooperation with the U.S. Department of Housing and Urban Development, aims to cater to this specific demographic, ensuring they have access to suitable living spaces. The corporation's activities primarily revolve around acquiring property, constructing, and managing apartments specifically designed for these senior citizens with limited income.
Official website here: www.csi.coop
Who is the CEO of Kalamazoo Non-Profit Apartments Inc Corporation?
Cindy Lamb is the President of Kalamazoo Non-Profit Apartments Inc Corporation.
Official website here: www.csi.coop
What is the revenue of Kalamazoo Non-Profit Apartments Inc Corporation?
Kalamazoo Non-Profit Apartments Inc Corporation's revenue in 2022 was $2,260,301.
Official website here: www.csi.coop
Who are the executives of Kalamazoo Non-Profit Apartments Inc Corporation and what are their salaries?
There 40 volunteers at Kalamazoo Non-Profit Apartments Inc Corporation.
Here are 19 key members and their salaries:
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- Related: $182,532
- Other: $32,442
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- Related: $295,265
- 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
- Compensation: $0
- 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 Kalamazoo Non-Profit Apartments Inc Corporation?
Kalamazoo Non-Profit Apartments Inc 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 Kalamazoo Non-Profit Apartments Inc Corporation
Kalamazoo Non-Profit Apartments Inc Corporation is committed to providing housing facilities for low-income senior citizens. Established in 1983, this Michigan-based non-profit corporation, in collaboration with the US Department of Housing and Urban Development, aims to offer suitable living spaces to elderly individuals with limited income. The organization, under the name of Washington Square Cooperative Apartments, has constructed a project comprising 238 units, which serves as a residence for senior citizens in need. The corporation's mission is deeply rooted in the provision of affordable housing for this particular demographic, ensuring that they can live comfortably and with dignity.
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Impact
July, 2024
Kalamazoo Non-Profit Apartments Inc Corporation's impact can be clearly seen in their mission to provide housing facilities for low-income senior citizens. By offering affordable housing through the Washington Square Cooperative Apartments, this organization greatly contributes to improving the quality of life for low-income seniors in Kalamazoo, Michigan. Their collaboration with the US Department of Housing and Urban Development demonstrates a commitment to addressing the housing needs of vulnerable populations in the community. Overall, Kalamazoo Non-Profit Apartments Inc Corporation plays a vital role in ensuring that low-income seniors have access to safe and stable housing, promoting a healthier and more secure environment for this demographic.
This information is meant to be a general summary of Kalamazoo Non-Profit Apartments Inc 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: $128
- Program Service Revenue: $598,353
- Gross Receipts: $2,260,301
Assets and Liabilities:
- Total Assets: $4,785,430
- Total Liabilities: $9,183,244
- Net Assets: -$4,397,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$598,353
Organization Details
Founding Year
1982
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE RD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L21 - Housing
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