Overview
What is Gardena Marine Avenue Senior Housing Inc?
Gardena Marine Avenue Senior Housing Inc is a California-based, non-profit housing corporation, established in 1995 by Cooperative Services Inc, a Michigan non-profit cooperative. Their primary mission is to provide subsidized housing for low-income senior citizens. The organization, located in Gardena, California, was formed to acquire property for an apartment project consisting of 80 units. The housing project is facilitated in partnership with the U.S. Department of Housing and Urban Development, ensuring that senior citizens with limited income can reside comfortably.
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)
Gardena Marine Avenue Senior Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96% overall, with the rating based on a single beacon score focused entirely on financial practices. This level of transparency and effectiveness is crucial for establishing trust with donors and stakeholders.
The nonprofit demonstrates significant strengths in governance and financial management. It boasts a fully independent board, as all eight members are independent, and the organization adheres to robust policies such as a conflict of interest and whistleblower policy. Additionally, the nonprofit reports a program expense ratio of 70.19%, indicating that a substantial portion of its budget is directed towards its programs rather than administrative costs.
While the organization has no noted issues regarding the diversion of assets, its strong financial metrics, including a liabilities-to-assets ratio of only 3.09%, further highlight its sound financial health. Overall, Gardena Marine Avenue Senior Housing Inc stands out for its commitment to accountability and effective management, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Gardena Marine Avenue Senior Housing Inc legitimate?
Gardena Marine Avenue Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gardena Marine Avenue 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:
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 Gardena Marine Avenue Senior Housing Inc?
Gardena Marine Avenue Senior Housing Inc is committed to providing housing facilities for low-income senior citizens. This non-profit organization aims to make such accommodations available, working in collaboration with the U.S. Department of Housing and Urban Development. Their mission is centered around offering a living space for elderly individuals with limited financial resources, contributing to their well-being and ensuring they have a secure place to call home.
Official website here: www.csi.coop
Who is the CEO of Gardena Marine Avenue Senior Housing Inc?
Cindy Lamb is the President of Gardena Marine Avenue Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Gardena Marine Avenue Senior Housing Inc?
Gardena Marine Avenue Senior Housing Inc's revenue in 2022 was $818,680.
Official website here: www.csi.coop
Who are the executives of Gardena Marine Avenue Senior Housing Inc and what are their salaries?
There 20 volunteers at Gardena Marine Avenue 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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- Other: $63,472
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- Related: $153,401
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- Related: $162,992
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- 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 Gardena Marine Avenue Senior Housing Inc?
Gardena Marine Avenue 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 Gardena Marine Avenue Senior Housing Inc
Gardena Marine Avenue Senior Housing Inc, a California-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established with a cooperative spirit, this corporation aims to make a significant impact in the lives of elderly individuals who are economically disadvantaged. Its mission is to acquire property, construct, and operate an apartment project, offering 80 units of housing. This housing is specifically designed for senior citizens, in cooperation with the United States Department of Housing and Urban Development. Gardena Marine Avenue Senior Housing Inc's commitment to this cause seeks to provide a safe and secure living environment for this vulnerable population, ensuring their comfort and well-being.
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Impact
July, 2024
Gardena Marine Avenue Senior Housing Inc provides essential housing facilities for low-income senior citizens, offering a safe and comfortable living environment. By offering affordable housing options, this organization plays a crucial role in supporting vulnerable members of the community who may struggle to find suitable accommodation. The impact of Gardena Marine Avenue Senior Housing Inc extends beyond providing housing; it contributes to the overall well-being and quality of life of seniors in need, ensuring they have a stable and secure place to call home.
This information is meant to be a general summary of Gardena Marine Avenue 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: $1,784
- Program Service Revenue: $304,156
- Gross Receipts: $818,680
Assets and Liabilities:
- Total Assets: $4,032,950
- Total Liabilities: $63,579
- Net Assets: $3,969,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$304,156
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: L210 - Housing
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