Overview
What is Flat Rock Non-Profit Housing Corporation?
Flat Rock Non-Profit Housing Corporation, established in December 1986, is a Michigan-based nonprofit organization that operates on a non-stock basis, founded by Cooperative Services, Inc., another Michigan nonprofit cooperative. The primary mission of this organization is to provide suitable housing facilities for low-income senior citizens. It was initially formed with the intention of acquiring property in Flat Rock, Michigan, and constructing an apartment project containing 96 units. This housing project is supported by the US Department of Housing and Urban Development.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Flat Rock Non-Profit Housing Corporation receives an 81% rating, indicating a strong performance in accountability and finance. This score is based entirely on their accountability practices, which are highly regarded, reflecting transparency and effective governance. The organization boasts a fully independent board and has established robust policies for conflict of interest, whistleblower protection, and document retention.
The organization demonstrates a solid financial management framework, evidenced by a program expense ratio of approximately 79.56%, which signifies that a significant portion of its funds is directed towards its programs. Additionally, their financial statements are well-audited and overseen by an appropriate committee, ensuring that resources are managed responsibly and ethically.
While the rating reflects well on the organization’s financial integrity and governance, the score does not provide insight into programmatic impact or long-term effectiveness. Therefore, while Flat Rock Non-Profit Housing Corporation shows strong accountability, potential donors and stakeholders may seek further information on the outcomes and community impact of their programs.
This AI summary has been generated from information found on Charity Navigator.
Is Flat Rock Non-Profit Housing Corporation legitimate?
Flat Rock Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flat Rock 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 Flat Rock Non-Profit Housing Corporation?
The Flat Rock Non-Profit Housing Corporation is dedicated to providing housing facilities for individuals who fall under the category of low-income senior citizens. This mission is carried out through a cooperative effort with the US Department of Housing and Urban Development. The organization was established in December 1986 and has since then been providing suitable living spaces for elderly residents with limited financial resources. The Corporation's main objective is to ensure that these senior citizens have access to decent and affordable housing, thereby enhancing their quality of life. The housing project, run by the corporation, comprises 96 units, located in an unspecified location.
Official website here: www.csi.coop
What is the revenue of Flat Rock Non-Profit Housing Corporation?
Flat Rock Non-Profit Housing Corporation's revenue in 2024 was $1,170,553.
Official website here: www.csi.coop
Who are the executives of Flat Rock Non-Profit Housing Corporation and what are their salaries?
There 7 volunteers at Flat Rock Non-Profit Housing Corporation.
Here are 23 key members and their salaries:
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- Other: $37,025
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- Other: $65,434
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- Other: $39,866
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- Other: $52,900
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Official website here: www.csi.coop
Where can I find the form 990 for Flat Rock Non-Profit Housing Corporation?
Flat Rock Non-Profit Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.csi.coop
Learn more at the official website: www.csi.coop
Mission Statement of Flat Rock Non-Profit Housing Corporation
Flat Rock Non-Profit Housing Corporation, a Michigan-based non-profit organization, is committed to providing housing facilities for low-income senior citizens. Established in cooperation with the US Department of Housing and Urban Development, this non-profit corporation's mission is to make a significant impact in the lives of elderly individuals who are financially disadvantaged. By acquiring property and constructing apartment projects, Flat Rock Non-Profit Housing Corporation offers a safe and comfortable living environment for senior citizens, enabling them to maintain their independence and dignity. The corporation's mission is a testament to its dedication to addressing the housing needs of this vulnerable population and ensuring that they can age with dignity and security.
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Impact
July, 2024
Flat Rock Non-Profit Housing Corporation, based in Warren, Michigan, plays a crucial role in providing housing facilities for low-income senior citizens. Since its establishment in December 1986, this non-profit organization has been dedicated to acquiring and managing an apartment project with 96 units specifically designed to cater to the housing needs of low-income seniors. By working in cooperation with the US Department of Housing and Urban Development, Flat Rock Non-Profit Housing Corporation ensures that affordable housing options are available to this vulnerable population segment. This essential service helps improve the quality of life and well-being of low-income senior citizens who might otherwise struggle to find adequate and affordable housing options.
This information is meant to be a general summary of Flat Rock 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 2024.
- Investment Income: $1,304
- Program Service Revenue: $400,254
- Gross Receipts: $1,170,553
Assets and Liabilities:
- Total Assets: $3,073,186
- Total Liabilities: $4,173,196
- Net Assets: -$1,100,010
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$400,254
Organization Details
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