Overview
What is Otsego Senior Apartments Inc?
Otsego Senior Apartments Inc is a nonprofit organization situated in Otsego, Michigan, specifically at 301 Washington Street. Their primary mission is to offer safe and affordable housing for senior citizens and mobility-impaired adults. The apartment building they manage houses 48 units, with residents paying a fixed percentage of their income as rent. Amenities within the complex include laundry facilities on each floor and a community center. The organization's goal is to provide a secure living space for individuals who may face mobility challenges, contributing positively to their overall well-being.
Official website here: www.ccdok.org/baraga-manor
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Otsego Senior Apartments Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization scored 84% in its Accountability & Finance category, signifying strong management of its resources. Notably, the board is fully independent, and there are no issues related to asset diversion, which reflects well on its governance practices.
Strengths of the organization include a well-structured board and effective oversight strategies, evidenced by high scores in multiple areas like audit oversight and financial statements. However, there are notable limitations, such as the absence of a whistleblower policy and a document retention policy, which may raise concerns regarding transparency and accountability.
Additionally, while the program expense ratio is commendable at 66.43%, there are areas for improvement, particularly in ensuring that all required documents, including the tax form, are accessible on the nonprofit's website. Addressing these shortcomings could enhance the trust and confidence of stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Otsego Senior Apartments Inc legitimate?
Otsego Senior Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otsego Senior Apartments 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: $153,500
For more financial information, click here
Official website here: www.ccdok.org/baraga-manor
What is the mission statement of Otsego Senior Apartments Inc?
Otsego Senior Apartments Inc's mission is centered around providing safe and affordable housing for senior citizens and mobility-impaired adults. The organization operates a 48-unit apartment building, ensuring that its residents pay only 30% of their income as rent. Amenities within the building include laundry facilities on each floor and a community center, enhancing the living experience for its inhabitants. In essence, Otsego Senior Apartments Inc is dedicated to offering a secure and budget-friendly living environment for its elderly and mobility-challenged residents.
Official website here: www.ccdok.org/baraga-manor
Who is the CEO of Otsego Senior Apartments Inc?
Toni Newell is the Executive Di of Otsego Senior Apartments Inc.
Official website here: www.ccdok.org/baraga-manor
What is the revenue of Otsego Senior Apartments Inc?
Otsego Senior Apartments Inc's revenue in 2022 was $528,989.
Official website here: www.ccdok.org/baraga-manor
Who are the executives of Otsego Senior Apartments Inc and what are their salaries?
There 5 volunteers at Otsego Senior Apartments Inc.
Here are 5 key members and their salaries:
- 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
Official website here: www.ccdok.org/baraga-manor
Where can I find the form 990 for Otsego Senior Apartments Inc?
Otsego Senior Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccdok.org/baraga-manor
Learn more at the official website: www.ccdok.org/baraga-manor
Mission Statement of Otsego Senior Apartments Inc
Otsego Senior Apartments Inc is dedicated to providing a secure and budget-friendly living environment for senior citizens and mobility-impaired adults. Their primary mission is to ensure the availability of safe and affordable housing options for this demographic. By operating a 48-unit apartment building, Otsego Senior Apartments Inc offers a home where residents can pay a rent that equates to 30% of their income. The amenities within the building cater to the needs of its residents, featuring laundry facilities on each floor and a community center. This housing complex serves as a sanctuary that fosters a sense of community and security for its senior and mobility-impaired residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Otsego Senior Apartments Inc provides a vital service by offering safe and affordable housing for senior citizens and mobility-impaired adults in Otsego, MI. With its operation of a 48-unit apartment building, this organization ensures that residents have a comfortable living environment while paying rent based on their income, making housing accessible to those who may face financial challenges. The amenities provided, such as laundry facilities on each floor and a community center, contribute to creating a supportive and inclusive community for its residents. By fulfilling its mission to provide housing for these specific demographic groups, Otsego Senior Apartments Inc plays a significant role in addressing the housing needs of seniors and mobility-impaired individuals in the area.
This information is meant to be a general summary of Otsego Senior Apartments 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: $1,045
- Program Service Revenue: $180,415
- Gross Receipts: $528,989
Assets and Liabilities:
- Total Assets: $1,397,632
- Total Liabilities: $367,147
- Net Assets: $1,030,485
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENTS
Revenue
$196,791
LAUNDRY AND VENDING
Revenue
$1,942
TENANT CHARGES
Revenue
$1,188
VACANCIES
Revenue
-$19,506
Organization Details
Founding Year
1984
Phone
(269) 694-9711Principal Officer
Toni Newell
Main Address
301 WASHINGTON STREET, OTSEGO, MI, 49078
Website
www.ccdok.org/baraga-manorNTEE Category
Code: L22 - Housing
If you are a representative of Otsego Senior Apartments Inc 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.