Overview
What is Beaumont Csi Senior Housing Inc?
Beaumont Csi Senior Housing Inc, established in 1995, is a California-based non-profit organization, formed in partnership with Cooperative Services Inc, a Michigan non-profit cooperative. Its primary aim is to provide housing facilities for low-income senior citizens. The corporation, headquartered in Warren, Michigan, was initially established to acquire property and construct an apartment project in Beaumont, California, offering 50 units of housing. This initiative aligns with the U.S. Department of Housing and Urban Development's objectives, contributing to the welfare 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.
Beaumont Csi Senior Housing Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored a remarkable 100% in key areas such as independent board members and financial oversight, indicating robust governance practices and transparency. The high program expense ratio of 72.98% suggests that a significant portion of their budget is directed towards their mission-related activities.
The nonprofit demonstrates excellent adherence to governance policies, with comprehensive measures in place, including a conflict of interest policy and a whistleblower policy. Additionally, the organization maintains a strong financial position, with a low liabilities-to-assets ratio of 2.61%, showcasing fiscal responsibility and stability.
While the overall rating is impressive, the summary focuses solely on financial accountability, with no mention of programmatic impact or effectiveness. Future evaluations could benefit from a more holistic review that includes outcomes and community feedback to understand the full extent of the organization's contributions to senior housing.
This AI summary has been generated from information found on Charity Navigator.
Is Beaumont Csi Senior Housing Inc legitimate?
Beaumont Csi Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beaumont Csi Senior Housing Inc 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:
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For more financial information, click here
Official website here: www.csi.coop
What is the mission statement of Beaumont Csi Senior Housing Inc?
Beaumont Csi Senior Housing Inc's mission is centered around providing housing facilities for low-income senior citizens. As a non-profit organization, it aims to cater to this specific demographic in cooperation with the U.S. Department of Housing and Urban Development. The corporation's objective is to acquire property, construct, and operate an apartment project, offering suitable housing for this group of seniors. The mission of Beaumont Csi Senior Housing Inc is therefore dedicated to enhancing the living conditions of low-income elderly individuals by providing them with affordable housing solutions.
Official website here: www.csi.coop
Who is the CEO of Beaumont Csi Senior Housing Inc?
Cindy Lamb is the President of Beaumont Csi Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Beaumont Csi Senior Housing Inc?
Beaumont Csi Senior Housing Inc's revenue in 2022 was $573,218.
Official website here: www.csi.coop
Who are the executives of Beaumont Csi Senior Housing Inc and what are their salaries?
There 3 volunteers at Beaumont Csi Senior Housing Inc.
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 Beaumont Csi Senior Housing Inc?
Beaumont Csi Senior Housing Inc'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 Beaumont Csi Senior Housing Inc
Beaumont Csi Senior Housing Inc, as a non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established with a mission to serve this specific demographic, the corporation strives to offer a suitable living environment. In cooperation with the U.S. Department of Housing and Urban Development, Beaumont Csi Senior Housing Inc constructs and operates housing projects, ensuring that senior citizens in need can reside in these facilities. The organization's focus on low-income seniors reflects its commitment to promoting social equity and ensuring that elderly individuals have access to decent housing. By offering housing, Beaumont Csi Senior Housing Inc contributes to the well-being and dignity of its elderly residents, providing them with a secure living environment that supports their needs.
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Impact
July, 2024
Beaumont Csi Senior Housing Inc's impact lies in providing essential housing facilities for low-income senior citizens. By offering affordable and safe living spaces, this organization plays a crucial role in ensuring that vulnerable seniors have access to suitable housing options. This support contributes to enhancing the quality of life and well-being of seniors in need, addressing a critical societal need for affordable senior housing.
This information is meant to be a general summary of Beaumont Csi Senior Housing Inc. 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: $2,431
- Program Service Revenue: $185,989
- Gross Receipts: $573,218
Assets and Liabilities:
- Total Assets: $2,295,691
- Total Liabilities: $39,331
- Net Assets: $2,256,360
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$185,989
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: L22 - Housing
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