Overview
What is Hazel Park Non-Profit Housing Corporation?
The Hazel Park Non-Profit Housing Corporation, established in 1987 by Cooperative Services, Inc., is a Michigan-based nonprofit organization with a focus on providing affordable housing for low-income senior citizens. Located in Warren, Michigan, the corporation was initially formed to acquire property in Hazel Park and construct an apartment project with 71 units, in collaboration with the U.S. Department of Housing and Urban Development. Its primary mission is to offer housing facilities for this specific demographic, aiming to enhance their living conditions.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Hazel Park Non-Profit Housing Corporation has received an 81% rating from Charity Navigator, reflecting a solid commitment to accountability and financial transparency. This rating is based entirely on their performance in the Accountability & Finance category, where they scored highly across several key metrics, indicating that the organization manages its resources effectively.
A notable strength of the organization is its governance structure; all board members are independent, and they have established robust policies concerning conflict of interest, whistleblower protections, and document retention. Moreover, the organization has demonstrated high program expense ratios, with nearly 82% of its budget directed towards its programs, which highlights a strong focus on mission-related activities.
However, while the overall score is encouraging, potential donors or supporters may want to consider that the rating is derived from a single beacon score. This could imply limited evaluation areas compared to other organizations that may have broader metrics influencing their ratings. Nonetheless, Hazel Park Non-Profit Housing Corporation's commitment to transparency and fiscal responsibility is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Hazel Park Non-Profit Housing Corporation legitimate?
Hazel Park Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hazel Park 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 Hazel Park Non-Profit Housing Corporation?
The Hazel Park Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established as a non-profit organization, its primary goal is to offer a suitable living space for this specific demographic. It accomplishes this mission in collaboration with the U.S. Department of Housing and Urban Development. The corporation was established in 1987, and its initial project involved constructing an apartment complex with 71 units in Hazel Park, Michigan. This non-profit entity continues to provide housing for senior citizens with limited income.
Official website here: www.csi.coop
Who is the CEO of Hazel Park Non-Profit Housing Corporation?
Cindy Lamb is the President of Hazel Park Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Hazel Park Non-Profit Housing Corporation?
Hazel Park Non-Profit Housing Corporation's revenue in 2022 was $981,230.
Official website here: www.csi.coop
Who are the executives of Hazel Park Non-Profit Housing Corporation and what are their salaries?
There 4 volunteers at Hazel Park 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: $182,210
- Other: $47,091
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- Related: $177,736
- Other: $54,448
Official website here: www.csi.coop
Where can I find the form 990 for Hazel Park Non-Profit Housing Corporation?
Hazel Park 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 Hazel Park Non-Profit Housing Corporation
Hazel Park Non-Profit Housing Corporation, established in cooperation with Cooperative Services, Inc., is a Michigan-based non-profit organization with a mission to provide housing facilities for low-income senior citizens. The corporation's primary objective is to ensure that elderly individuals with limited income can access suitable living spaces. In partnership with the U.S. Department of Housing and Urban Development, Hazel Park Non-Profit Housing Corporation has been instrumental in providing housing solutions for this specific demographic. By acquiring real property and constructing apartment projects, the corporation has been able to offer a comfortable living environment for the elderly, thereby contributing to their overall well-being.
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Impact
July, 2024
Hazel Park Non-Profit Housing Corporation's impact is significant as it provides housing facilities for low-income senior citizens in Warren, Michigan. By offering affordable housing options to this vulnerable population, the organization plays a crucial role in ensuring that seniors have a safe and stable place to call home. Through its mission to serve low-income seniors, the corporation addresses a critical need in the community and helps improve the quality of life for those in need. The 71-unit apartment project created by the corporation serves as a vital resource for seniors in need of affordable housing, demonstrating its commitment to supporting and caring for this demographic.
This information is meant to be a general summary of Hazel Park 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: $203
- Program Service Revenue: $233,244
- Gross Receipts: $981,230
Assets and Liabilities:
- Total Assets: $1,693,734
- Total Liabilities: $3,382,310
- Net Assets: -$1,688,576
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$233,244
Organization Details
Founding Year
1987
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
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