Overview
What is Romulus Non-Profit Housing Corporation?
Romulus Non-Profit Housing Corporation is a Michigan-based, non-profit organization, established on a non-stock basis through Cooperative Services, Inc., another Michigan non-profit cooperative. Its primary objective is to offer housing facilities for low-income senior citizens. The corporation, identified as Whispering Willows, was formed to acquire real property in Romulus, Michigan, and operate an apartment project comprising 65 units. In partnership with the U.S. Department of Housing and Urban Development, this organization provides affordable living spaces for senior citizens, ensuring they have access to essential housing.
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.
The Romulus Non-Profit Housing Corporation has achieved an overall score of 81%, indicating solid performance in accountability and finance, which is crucial for potential donors. This rating is entirely derived from their accountability and finance beacon, reflecting a commitment to transparent operations and effective financial management.
Strengths of the organization include a fully independent board, with 10 members, and high scores in areas such as financial oversight and conflict of interest policies. Their program expense ratio stands at an impressive 78.77%, suggesting that a significant portion of their expenditures directly supports their mission. The organization maintains comprehensive financial documentation practices, including regular audits and clearly listed policies on their website.
However, while their financial management is commendable, the ratings do not provide insight into program effectiveness or outcomes, which are also essential for evaluating a nonprofit's impact. Additionally, the salaries of key personnel are relatively high, which could raise questions among potential donors regarding executive compensation relative to program funding. Overall, Romulus Non-Profit Housing Corporation demonstrates strong accountability but may need to enhance transparency about its programs and their outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Romulus Non-Profit Housing Corporation legitimate?
Romulus Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Romulus 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 Romulus Non-Profit Housing Corporation?
The Romulus Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. This mission is carried out through the acquisition and operation of an apartment project, offering accommodation to senior residents who fall under the income bracket specified by the United States Department of Housing and Urban Development. The organization operates with the goal of ensuring that elderly individuals in need of affordable housing have access to suitable living spaces.
Official website here: www.csi.coop
Who is the CEO of Romulus Non-Profit Housing Corporation?
Cindy Lamb is the President of Romulus Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Romulus Non-Profit Housing Corporation?
Romulus Non-Profit Housing Corporation's revenue in 2022 was $787,597.
Official website here: www.csi.coop
Who are the executives of Romulus Non-Profit Housing Corporation and what are their salaries?
There 20 volunteers at Romulus Non-Profit Housing Corporation.
Here are 19 key members and their salaries:
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- Compensation: $0
- Related: $182,532
- Other: $32,442
- Compensation: $0
- Related: $295,265
- Other: $63,472
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- Related: $153,401
- Other: $34,172
- Compensation: $0
- Related: $162,992
- Other: $25,359
- Compensation: $0
- 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 Romulus Non-Profit Housing Corporation?
Romulus 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 Romulus Non-Profit Housing Corporation
Romulus Non-Profit Housing Corporation, a Michigan-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established with a mission in mind, this corporation aims to cater to the housing needs of the elderly population who are economically disadvantaged. In cooperation with the U.S. Department of Housing and Urban Development, Romulus Non-Profit Housing Corporation operates an apartment project, offering 65 units of housing specifically designed for senior citizens. The corporation's goal is to ensure that these elderly individuals have access to affordable and suitable living accommodations, thereby enhancing their quality of life.
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Impact
July, 2024
Romulus Non-Profit Housing Corporation provides essential housing facilities for low-income senior citizens in Romulus, Michigan. By offering affordable housing options for seniors in need, the organization plays a crucial role in ensuring that this vulnerable population has a safe and comfortable place to call home. Through its mission to provide housing facilities for low-income senior citizens, Romulus Non-Profit Housing Corporation positively impacts the lives of many individuals by addressing a fundamental need for shelter and stability.
This information is meant to be a general summary of Romulus 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: $221
- Program Service Revenue: $237,541
- Gross Receipts: $787,597
Assets and Liabilities:
- Total Assets: $1,723,290
- Total Liabilities: $3,095,824
- Net Assets: -$1,372,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$237,541
Organization Details
Founding Year
1988
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE RD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
If you are a representative of Romulus Non-Profit Housing Corporation 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.