Overview
What is Carleton Non-Profit Housing Corporation?
Carleton Non-Profit Housing Corporation is a Michigan-based, non-profit housing organization established in 1989. Organized under the guidance of Cooperative Services, Inc., a Michigan non-profit cooperative, its primary objective is to provide affordable housing for low-income senior citizens. The corporation was initially formed to acquire property in Carleton, Michigan, and develop an apartment project containing 47 units. It collaborates with the US Department of Housing and Urban Development to ensure the availability of such housing facilities for its intended demographic.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Carleton Non-Profit Housing Corporation has achieved a high score of 96%, reflecting its strong commitment to accountability and finance, which is the sole basis of this rating. The organization has been recognized for its robust governance, with a fully independent board, receiving full marks for both the majority of independent members and the overall size of the board.
The nonprofit has demonstrated prudent financial management, with a remarkable program expense ratio of 74.09%, indicating that a significant portion of funds is directed toward its mission-related activities. Additionally, it maintains transparency and integrity through well-documented policies, including conflict of interest and whistleblower policies, which further bolster its credibility.
There are no notable limitations or concerns mentioned in the feedback, suggesting that Carleton Non-Profit Housing Corporation operates effectively and ethically within its financial and operational frameworks. Overall, the organization appears to be a reliable choice for donors looking to support a nonprofit that prioritizes fiscal responsibility and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Carleton Non-Profit Housing Corporation legitimate?
Carleton Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carleton 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 Carleton Non-Profit Housing Corporation?
The Carleton Non-Profit Housing Corporation is committed to providing housing facilities for low-income senior citizens. This mission is carried out through the acquisition of property and construction of apartment units, with a focus on accommodating senior residents who fall under the income criteria. The organization works in collaboration with the U.S. Department of Housing and Urban Development to ensure that their services are accessible to those who need them most. The corporation's goal is to provide a secure and comfortable living environment for senior citizens with limited financial resources.
Official website here: www.csi.coop
What is the revenue of Carleton Non-Profit Housing Corporation?
Carleton Non-Profit Housing Corporation's revenue in 2024 was $498,798.
Official website here: www.csi.coop
Who are the executives of Carleton Non-Profit Housing Corporation and what are their salaries?
There 17 volunteers at Carleton Non-Profit Housing Corporation.
Here are 23 key members and their salaries:
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- Related: $169,810
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- Related: $194,673
- Other: $63,515
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- Related: $178,523
- Other: $50,953
Official website here: www.csi.coop
Where can I find the form 990 for Carleton Non-Profit Housing Corporation?
Carleton 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 Carleton Non-Profit Housing Corporation
Carleton Non-Profit Housing Corporation, established with a non-stock basis, is primarily dedicated to providing housing facilities for low-income senior citizens. This Michigan-based organization, formed in 1989 through Cooperative Services, Inc., has a mission that extends beyond just constructing and operating a 47-unit apartment project. In collaboration with the U.S. Department of Housing and Urban Development, Carleton Non-Profit Housing Corporation offers housing solutions tailored to the needs of senior citizens with limited income. This commitment to social welfare and affordable housing for the elderly exemplifies its dedication to improving the living conditions and overall quality of life for this vulnerable population.
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Impact
July, 2024
Carleton Non-Profit Housing Corporation's impact lies in providing housing facilities for low-income senior citizens in Warren, Michigan. This organization, established in 1989, plays a crucial role in supporting the housing needs of seniors in cooperation with the U.S. Department of Housing and Urban Development. By offering 47 units of affordable housing, Carleton Non-Profit Housing Corporation contributes to enhancing the quality of life and ensuring the well-being of low-income seniors in the community.
This information is meant to be a general summary of Carleton 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: $9,384
- Program Service Revenue: $208,391
- Gross Receipts: $498,798
Assets and Liabilities:
- Total Assets: $1,834,636
- Total Liabilities: $61,830
- Net Assets: $1,772,806
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$208,391
Organization Details
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