Overview
What is Meyers Non-Profit Housing Corporation?
Meyers Non-Profit Housing Corporation is a Michigan-based, non-profit organization, established in 1995 through Cooperative Services, Inc., another Michigan non-profit. The corporation's primary purpose is to offer housing facilities for low-income senior citizens. It was initially formed to acquire property in Detroit, Michigan, and construct an apartment project comprising 75 units. The organization operates in accordance with the United States Department of Housing and Urban Development's guidelines, catering to the housing needs of senior citizens with limited income.
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.
Meyers Non-Profit Housing Corporation has demonstrated a strong commitment to accountability and financial health, as evidenced by its impressive 96% score. This rating reflects the organization's effectiveness in managing its resources, with an independent board of directors fully comprising independent members, which enhances governance and oversight. The nonprofit also excels in financial transparency, having no material diversion of assets and maintaining solid financial practices.
The organization is recognized for its high program expense ratio of 77.14%, indicating that the majority of its expenses are directed towards its programmatic activities rather than administrative costs. Additionally, it has established comprehensive policies concerning conflict of interest, whistleblower protections, and document retention, which are critical for maintaining ethical standards and operational integrity.
While the data showcases several strengths, potential donors and stakeholders should remain informed about any evolving challenges that nonprofits may face in the sector. However, based on the provided metrics, Meyers Non-Profit Housing Corporation appears to be a responsible and well-managed organization dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Meyers Non-Profit Housing Corporation legitimate?
Meyers Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meyers 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 Meyers Non-Profit Housing Corporation?
Meyers Non-Profit Housing Corporation is dedicated to providing housing facilities for senior citizens with low income. Established in a cooperative manner, the corporation's primary objective is to offer appropriate housing solutions for this specific group. In collaboration with the U.S. Department of Housing and Urban Development, they offer housing opportunities to eligible seniors, ensuring that they can live comfortably within their means. The organization's mission revolves around the provision of housing, aiming to improve the living conditions of these individuals and provide them with a secure and suitable environment.
Official website here: www.csi.coop
Who is the CEO of Meyers Non-Profit Housing Corporation?
Cindy Lamb is the President of Meyers Non-Profit Housing Corporation.
Official website here: www.csi.coop
What is the revenue of Meyers Non-Profit Housing Corporation?
Meyers Non-Profit Housing Corporation's revenue in 2022 was $684,228.
Official website here: www.csi.coop
Who are the executives of Meyers Non-Profit Housing Corporation and what are their salaries?
There 25 volunteers at Meyers 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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- 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 Meyers Non-Profit Housing Corporation?
Meyers 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 Meyers Non-Profit Housing Corporation
Meyers Non-Profit Housing Corporation is dedicated to providing housing facilities for low-income senior citizens. Established in 1995, this Michigan-based non-profit organization operates on a non-stock basis, in partnership with Cooperative Services, Inc., another Michigan non-profit cooperative. The corporation's primary goal is to offer housing opportunities to senior citizens with limited income. This mission is carried out in collaboration with the U.S. Department of Housing and Urban Development. By acquiring real property and constructing an apartment project, Meyers Non-Profit Housing Corporation ensures that senior citizens have access to safe and affordable living spaces.
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Impact
July, 2024
Meyers Non-Profit Housing Corporation's impact lies in its provision of housing facilities for low-income senior citizens in Warren, Michigan. Established in 1995, this organization operates a 75-unit apartment project with a mission to address the housing needs of this vulnerable demographic in cooperation with the US Department of Housing and Urban Development. By offering affordable housing options to low-income seniors, Meyers Non-Profit Housing Corporation contributes to enhancing the quality of life and well-being of this community, aligning with its overarching goal of providing essential human services.
This information is meant to be a general summary of Meyers 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: $4,291
- Program Service Revenue: $260,709
- Gross Receipts: $684,228
Assets and Liabilities:
- Total Assets: $3,495,006
- Total Liabilities: $109,502
- Net Assets: $3,385,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$260,709
Organization Details
Founding Year
1995
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: P75 - Human services
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