Overview
What is Cottonwood Point Inc?
Cottonwood Point Inc is a nonprofit organization based in Augusta, Kansas, specifically at 100 Cottonwood Point Lane. Their primary focus is to provide quality apartment living for senior citizens. The organization aims to cater to the needs of elderly individuals while also offering the comfort and privacy of home-like living. Cottonwood Point Inc is committed to ensuring tranquil, maintenance-free living for seniors, with well-planned surroundings, amenities, and services tailored to their requirements. The organization currently employs 14 individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (71%)
Cottonwood Point Inc has received a "Needs Improvement" rating, reflecting a score of 71%. This rating indicates that while the organization demonstrates solid accountability and financial practices, it may not be meeting all the best practices expected of high-performing nonprofits. The organization has shown a strong commitment to governance, with 100% independent board members and no material diversion of assets.
Strengths of Cottonwood Point Inc include a high program expense ratio of nearly 89%, suggesting that a significant portion of their budget is allocated directly to their programs rather than administrative costs. Additionally, they have established robust policies regarding conflict of interest and maintain transparency by documenting board meeting minutes.
Despite these strengths, the overall two-star rating suggests that there are areas needing improvement. While the organization performs well in certain governance aspects, potential donors may want to consider what specific challenges Cottonwood Point Inc faces in achieving a higher rating and how those may affect its long-term sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Cottonwood Point Inc legitimate?
Cottonwood Point Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottonwood Point 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: $54,654
Professional Fundraising Fees: $0
Other Salaries and Wages: $194,993
For more financial information, click here
What is the mission statement of Cottonwood Point Inc?
Cottonwood Point Inc is dedicated to offering high-quality apartment living for senior citizens. The organization has meticulously planned the surroundings, amenities, and services to cater to the needs of seniors, while also providing a private and home-like living experience. Cottonwood Point is committed to providing tranquil, maintenance-free living for seniors, ensuring they can enjoy their golden years in peace and comfort. The company's mission is to enhance the quality of life for senior citizens, providing them with a living environment that suits their needs and desires.
Who is the CEO of Cottonwood Point Inc?
Carmen Montague is the President of Cottonwood Point Inc.
What is the revenue of Cottonwood Point Inc?
Cottonwood Point Inc's revenue in 2023 was $873,496.
Who are the executives of Cottonwood Point Inc and what are their salaries?
The average compensation at Cottonwood Point Inc during 2023 was $17,832. There are 14 employees at Cottonwood Point Inc.
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- Compensation: $54,654
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Where can I find the form 990 for Cottonwood Point Inc?
Cottonwood Point Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cottonwood Point Inc
Cottonwood Point Inc, a provider of senior living, is dedicated to offering high-quality apartment living that caters to the unique needs of seniors. The organization's mission is to create an environment that combines tranquility, maintenance-free living, and a sense of home. By thoughtfully designing the surroundings, amenities, and services, Cottonwood Point Inc aims to meet the needs of seniors seeking a private living space. The commitment of Cottonwood Point Inc is to ensure that senior residents enjoy a comfortable and well-maintained living experience, allowing them to age gracefully with peace of mind.
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Impact
July, 2024
Cottonwood Point Inc's impact is centered around providing quality apartment living for seniors in Augusta, Kansas. The organization is dedicated to offering tranquil and maintenance-free living environments that cater to the needs and desires of senior residents. By focusing on quality amenities and services, Cottonwood Point Inc is contributing to the overall well-being and comfort of seniors in the community.
This information is meant to be a general summary of Cottonwood Point 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 2023.
- Investment Income: $1,232
- Program Service Revenue: $818,439
- Gross Receipts: $873,496
Assets and Liabilities:
- Total Assets: $867,319
- Total Liabilities: $182,653
- Net Assets: $684,666
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL REV
Revenue
$818,439
Organization Details
Founding Year
1994
Phone
(316) 775-0368Principal Officer
Carmen Montague
Main Address
100 COTTONWOOD POINT LANE, AUGUSTA, KS, 670102169
NTEE Category
Code: E91 - Health
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