Overview
What is Cof Independent Living Inc?
Cof Independent Living Inc is a dedicated nonprofit organization that focuses on providing housing solutions for individuals with disabilities. Located within their facilities, they offer fourteen one-bedroom apartments, two units with two bedrooms each, and eight group homes, each accommodating eight bedrooms. The organization's primary mission is to support the developmentally disabled community by offering them a home within the community. Their objective is to enhance the quality of life for these individuals by providing a safe and nurturing environment.
Official website here: www.cofts.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Score: 73%
Cof Independent Living Inc demonstrates a commitment to good governance, evidenced by a fully independent board and strong financial statement audits. They scored well in various accountability metrics, including the majority of board members being independent and having a conflict of interest policy in place. Their program expense ratio is particularly strong at 88.98%, indicating a focus on mission-related activities.
However, the organization has significant areas for improvement. The absence of a whistleblower policy and a document retention and destruction policy raises concerns about transparency and proper governance practices. Furthermore, the high liabilities to assets ratio of 267.20% is a red flag, suggesting potential financial instability that could impact their operations and sustainability.
Overall, while Cof Independent Living Inc has strengths in governance and program expenses, the noted deficiencies in key policies and financial health highlight the need for improvements to bolster their credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cof Independent Living Inc legitimate?
Cof Independent Living Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cof Independent Living 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.cofts.org
What is the mission statement of Cof Independent Living Inc?
Cof Independent Living Inc's mission is centered around supporting individuals with developmental disabilities. By providing housing options such as one-bedroom apartments, two-bedroom units, and group homes with eight bedrooms each, the organization aims to facilitate their integration into the community. Their primary goal is to empower and assist these individuals in living fulfilling lives. Through their housing services, Cof Independent Living Inc seeks to foster independence, enhance their quality of life, and provide a supportive environment for their residents.
Official website here: www.cofts.org
Who is the CEO of Cof Independent Living Inc?
Donald Stottlemire is the Secretary of Cof Independent Living Inc.
Official website here: www.cofts.org
What is the revenue of Cof Independent Living Inc?
Cof Independent Living Inc's revenue in 2022 was $567,314.
Official website here: www.cofts.org
Who are the executives of Cof Independent Living Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cofts.org
Where can I find the form 990 for Cof Independent Living Inc?
Cof Independent Living Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cofts.org
Learn more at the official website: www.cofts.org
Mission Statement of Cof Independent Living Inc
Cof Independent Living, a nonprofit organization, is dedicated to supporting developmentally disabled individuals in the community. Their mission takes form through the provision of suitable housing options. This includes fourteen one-bedroom apartments, two units with two bedrooms each, and eight group homes, each accommodating eight residents. The organization's primary goal is to empower and integrate these individuals into the community, providing them with a safe and comfortable living environment.
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Impact
July, 2024
Cof Independent Living Inc's impact lies in providing housing for disabled individuals, offering a supportive and inclusive environment for developmentally disabled individuals in the community. Through their fourteen one bedroom apartments, two units with two bedrooms per unit, and eight group homes with eight bedrooms per home, Cof Independent Living Inc plays a crucial role in addressing the housing needs of this vulnerable population in Ottawa, KS. Their focus on providing safe and accessible housing demonstrates a commitment to promoting independence and social integration for individuals with disabilities.
This information is meant to be a general summary of Cof Independent Living 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: $79
- Program Service Revenue: $567,235
- Gross Receipts: $567,314
Assets and Liabilities:
- Total Assets: $1,038,527
- Total Liabilities: $2,402,706
- Net Assets: -$1,364,179
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT
Revenue
$312,723
HUD ASSISTANCE
Revenue
$238,869
MISCELLANEOUS
Revenue
$61,803
VACANCIES
Revenue
-$46,160
Organization Details
Principal Officer
Donald Stottlemire
Main Address
1516 N DAVIS AVE SUITE A, OTTAWA, KS, 66067
Website
www.cofts.orgNTEE Category
Code: L82Z - Housing
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