Overview
What is South Boston Non-Profit Housing Corp?
South Boston Non-Profit Housing Corp, established in 1995, is a Massachusetts-based nonprofit organization with a mission to offer housing facilities for low-income senior citizens. Originated through Cooperative Services, Inc., a Michigan nonprofit cooperative, the corporation acquired property in Boston, Massachusetts and constructed an apartment project comprising 65 units, in partnership with the US Department of Housing and Urban Development. The organization's primary focus is to provide secure and comfortable living spaces for elderly individuals with limited financial resources.
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.
South Boston Non-Profit Housing Corp has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 96% in this category, showcasing its commitment to transparency and responsible financial management.
The nonprofit features a fully independent board with all members contributing to its governance, indicating a robust oversight structure. It has also implemented several effective policies, including conflict of interest and whistleblower protections, which further bolster its credibility. With a program expense ratio of 80.84%, the organization allocates a significant portion of its resources directly to its programs.
While the ratings are impressive, the analysis primarily focuses on financial aspects, and additional information on program outcomes or community impact could provide a more comprehensive view of the organization's effectiveness. Nonetheless, the solid financial health and governance practices suggest a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is South Boston Non-Profit Housing Corp legitimate?
South Boston Non-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Boston Non-Profit Housing Corp 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 South Boston Non-Profit Housing Corp?
The South Boston Non-Profit Housing Corp is devoted to providing housing facilities for low-income senior citizens. Established with the cooperation of the U.S. Department of Housing and Urban Development, this organization constructs and manages apartments specifically designed for this demographic. Its mission is centered around ensuring that elderly individuals with limited income have access to suitable living spaces, contributing to their overall well-being and quality of life. The corporation's work aims to promote housing security and independence for senior citizens, enabling them to maintain their dignity and live comfortably.
Official website here: www.csi.coop
Who is the CEO of South Boston Non-Profit Housing Corp?
Cindy Lamb is the President of South Boston Non-Profit Housing Corp.
Official website here: www.csi.coop
What is the revenue of South Boston Non-Profit Housing Corp?
South Boston Non-Profit Housing Corp's revenue in 2022 was $906,699.
Official website here: www.csi.coop
Who are the executives of South Boston Non-Profit Housing Corp and what are their salaries?
There 24 volunteers at South Boston Non-Profit Housing Corp.
Here are 20 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: $175,150
- Other: $45,954
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- 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 South Boston Non-Profit Housing Corp?
South Boston Non-Profit Housing Corp'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 South Boston Non-Profit Housing Corp
South Boston Non-Profit Housing Corp, a Massachusetts-based organization, is dedicated to providing housing facilities for low-income senior citizens. Established in 1995, this non-profit corporation aims to make a significant impact in the lives of elderly individuals who are economically disadvantaged. The corporation works in collaboration with the U.S. Department of Housing and Urban Development to acquire and manage properties, constructing and operating apartment projects specifically designed for senior citizens. By offering affordable housing, South Boston Non-Profit Housing Corp contributes to ensuring that senior citizens can maintain their independence and dignity in a supportive living environment.
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Impact
July, 2024
South Boston Non-Profit Housing Corp's impact is focused on providing housing facilities for low-income senior citizens. Through its mission to offer affordable housing options for this vulnerable population, the organization contributes to enhancing the quality of life for seniors in need. By offering a safe and comfortable living environment, South Boston Non-Profit Housing Corp positively impacts the well-being and stability of its residents, ensuring they have a place to call home in their later years. This support helps to address the pressing issue of affordable housing for seniors, ultimately improving the community's overall social fabric.
This information is meant to be a general summary of South Boston Non-Profit Housing Corp. 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: $2,853
- Program Service Revenue: $329,856
- Gross Receipts: $906,699
Assets and Liabilities:
- Total Assets: $3,244,932
- Total Liabilities: $108,367
- Net Assets: $3,136,565
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$329,856
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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