Overview
What is Ecorse Non-Profit Housing Corporation?
Ecorse Non-Profit Housing Corporation is a Michigan-based nonprofit organization established in cooperation with Cooperative Services, Inc. in 1990. Their primary mission is to offer housing facilities for low-income senior citizens. The corporation was initially formed to acquire property in Ecorse, Michigan, and construct an apartment project with 80 units. This initiative is supported by the United States Department of Housing and Urban Development, aiming to provide affordable housing solutions for the elderly community.
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)
The Ecorse Non-Profit Housing Corporation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects a strong performance, particularly in the Accountability & Finance category, where the organization achieved a score of 96%. This rating suggests that the nonprofit is effectively managing its resources and adhering to best practices in governance.
One of the notable strengths of Ecorse Non-Profit Housing Corporation is its governance structure, with an entirely independent board comprising ten members. This demonstrates a commitment to transparency and ethical oversight. Additionally, the organization has robust financial controls in place, including a fully functioning audit and oversight committee and clear policies regarding conflicts of interest and whistleblower protections.
While the organization shows a healthy program expense ratio of over 76%, indicating that a significant portion of its funds is directed toward programs, stakeholders should continue to monitor its financial practices to ensure ongoing efficiency and effectiveness. Overall, the Ecorse Non-Profit Housing Corporation exemplifies strong management and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Ecorse Non-Profit Housing Corporation legitimate?
Ecorse Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ecorse 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 Ecorse Non-Profit Housing Corporation?
The Ecorse 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 provide suitable living spaces for this specific demographic. This mission is carried out in collaboration with the United States Department of Housing and Urban Development. The corporation was founded in 1990 and has since then been committed to acquiring property and constructing apartments specifically designed for this group of individuals.
Official website here: www.csi.coop
What is the revenue of Ecorse Non-Profit Housing Corporation?
Ecorse Non-Profit Housing Corporation's revenue in 2024 was $703,431.
Official website here: www.csi.coop
Who are the executives of Ecorse Non-Profit Housing Corporation and what are their salaries?
There 7 volunteers at Ecorse Non-Profit Housing Corporation.
Here are 21 key members and their salaries:
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- Related: $199,608
- Other: $37,025
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- Related: $286,866
- Other: $65,434
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- Related: $169,810
- Other: $39,866
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- Related: $178,661
- Other: $27,532
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- Related: $194,788
- Other: $52,900
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- Related: $178,523
- Other: $50,953
- Compensation: $0
- Related: $194,673
- Other: $63,515
Official website here: www.csi.coop
Where can I find the form 990 for Ecorse Non-Profit Housing Corporation?
Ecorse 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 Ecorse Non-Profit Housing Corporation
Ecorse Non-Profit Housing Corporation, a Michigan-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established in 1990, this corporation was formed in collaboration with Cooperative Services, Inc., another Michigan non-profit organization. The primary objective of Ecorse Non-Profit Housing Corporation is to offer affordable housing to elderly individuals who fall under the category of low-income earners. To accomplish this, the corporation acquired interest in real property located in Ecorse, Michigan, and constructed an apartment project with 80 units specifically designed for senior citizens. These housing facilities are funded in part by the United States Department of Housing and Urban Development, ensuring that low-income seniors have access to safe and comfortable living spaces.
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Impact
July, 2024
Ecorse Non-Profit Housing Corporation's impact is evident in its mission to provide housing facilities for low-income senior citizens. By offering affordable housing options for this vulnerable demographic, the organization plays a crucial role in ensuring that seniors have a safe and comfortable place to call home. This not only addresses the basic need for shelter but also promotes the well-being and quality of life for low-income seniors in the community. Through its dedicated efforts, Ecorse Non-Profit Housing Corporation contributes to enhancing the overall welfare of seniors in need of affordable housing options.
This information is meant to be a general summary of Ecorse 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: $3,009
- Program Service Revenue: $332,374
- Gross Receipts: $703,431
Assets and Liabilities:
- Total Assets: $2,543,942
- Total Liabilities: $104,491
- Net Assets: $2,439,451
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$332,374
Organization Details
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