Overview
What is Randallstown Non-Profit Housing Corp?
Randallstown Non-Profit Housing Corp is a Maryland-based nonprofit organization, established in cooperation with a Michigan nonprofit cooperative named Cooperative Services, Inc. Established in December 1998, the primary mission of Randallstown Non-Profit Housing Corp is to provide affordable housing for low-income senior citizens. Their aim is to acquire and develop real estate in Baltimore, Maryland, and construct an apartment project comprising 74 units specifically designed for this demographic. The project aligns with the initiatives of the U.S. Department of Housing and Urban Development (HUD), furthering their goal of offering housing solutions to those in need.
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.
Randallstown Non-Profit Housing Corp has achieved an impressive score of 96%, reflecting strong performance in accountability and finance, which is critical for donor trust. The organization earned a Four-Star rating based on its commitment to transparency and effective management practices, showcasing its dedication to ethical operations.
The nonprofit benefits from a fully independent board, demonstrating a robust governance structure with 100% independent members. It also excels in financial oversight, evidenced by comprehensive audits and a strong program expense ratio of 78.16%, indicating that a significant portion of its resources is directed toward its mission-related activities.
Additionally, the organization has established several policies that enhance its operational integrity, including conflict of interest and whistleblower policies. With no material diversion of assets reported, Randallstown Non-Profit Housing Corp exemplifies sound financial health, making it a trustworthy choice for donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Randallstown Non-Profit Housing Corp legitimate?
Randallstown Non-Profit Housing Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Randallstown 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 Randallstown Non-Profit Housing Corp?
Randallstown Non-Profit Housing Corp's mission is centered around providing housing facilities for senior citizens with low income. Established in cooperation with the US Department of Housing and Urban Development, the organization aims to acquire property and construct apartments specifically designed for this demographic. By doing so, they contribute to ensuring that elderly individuals with limited financial resources can secure a place to live. The corporation's mission is essentially dedicated to enhancing the living conditions of elderly individuals who may be financially disadvantaged.
Official website here: www.csi.coop
Who is the CEO of Randallstown Non-Profit Housing Corp?
Cindy Lamb is the President of Randallstown Non-Profit Housing Corp.
Official website here: www.csi.coop
What is the revenue of Randallstown Non-Profit Housing Corp?
Randallstown Non-Profit Housing Corp's revenue in 2022 was $713,327.
Official website here: www.csi.coop
Who are the executives of Randallstown Non-Profit Housing Corp and what are their salaries?
There 15 volunteers at Randallstown Non-Profit Housing Corp.
Here are 21 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 Randallstown Non-Profit Housing Corp?
Randallstown 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 Randallstown Non-Profit Housing Corp
Randallstown Non-Profit Housing Corp, established with the cooperation of Cooperative Services, Inc., is a Maryland-based non-profit organization dedicated to providing housing facilities for low-income senior citizens. The corporation's primary mission is to offer suitable living spaces for this specific demographic, ensuring they have access to a comfortable and secure environment. To achieve this goal, Randallstown Non-Profit Housing Corp collaborates with the U.S. Department of Housing and Urban Development. The organization's dedication to this cause has led to the construction and operation of an apartment project, consisting of 74 units, designed specifically for these senior citizens, providing them with a living space that caters to their unique needs and circumstances.
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Impact
July, 2024
Randallstown Non-Profit Housing Corp's impact is significant in providing housing facilities for low-income senior citizens. By acquiring real property in Baltimore, Maryland, and constructing an apartment project with 74 units, this organization supports the housing needs of seniors in cooperation with the US Department of Housing and Urban Development. Their mission to cater to the housing needs of low-income seniors demonstrates a commitment to improving the quality of life for this vulnerable population.
This information is meant to be a general summary of Randallstown 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: $5,861
- Program Service Revenue: $317,307
- Gross Receipts: $713,327
Assets and Liabilities:
- Total Assets: $5,041,396
- Total Liabilities: $89,374
- Net Assets: $4,952,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$317,307
Organization Details
Founding Year
1998
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE RD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22 - Housing
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