Overview
What is Cobb Center Inc?
Cobb Center Inc, located in Royston, Georgia, is a nonprofit organization dedicated to serving the elderly and handicapped. They have implemented a mission to provide affordable housing through 24 below-market rental units. This initiative aims to cater to the specific needs of this community, thereby enhancing their quality of life. The organization's work is centered around this mission, striving to make a meaningful impact in the lives of those it serves.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Cobb Center Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization's Accountability & Finance score of 79 reflects its commitment to transparency and effective management practices. Notably, it has 100% independent board members and maintains robust policies, including conflict of interest and whistleblower protections, which are crucial for fostering trust and integrity within the organization.
Strengths highlighted include a high program expense ratio of 82.03%, suggesting that a significant portion of its expenditures directly supports its mission. The organization also scored full points for material diversion of assets, indicating good stewardship of its resources. These factors contribute to a positive perception among stakeholders regarding its operational effectiveness.
However, the organization faces challenges with its liabilities to assets ratio, scoring zero points in this area, which may indicate financial risks. While its independence and governance policies are commendable, addressing its financial liabilities could enhance its overall stability and growth potential.
This AI summary has been generated from information found on Charity Navigator.
Is Cobb Center Inc legitimate?
Cobb Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cobb Center 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
What is the mission statement of Cobb Center Inc?
Cobb Center Inc's mission is centered around providing support for the elderly and handicapped. This is accomplished through the provision of below-market rental units, designed to cater to their specific needs. The organization's mission is to ensure that these vulnerable individuals have access to suitable housing, thereby enhancing their quality of life. The funds raised are utilized to develop and maintain these rental units, thereby providing a safe and comfortable living environment for the elderly and handicapped individuals. The organization's services aim to promote independence, dignity, and a sense of community for these individuals, thereby improving their overall well-being.
Who is the CEO of Cobb Center Inc?
Deborah Harbin is the Secretary of Cobb Center Inc.
What is the revenue of Cobb Center Inc?
Cobb Center Inc's revenue in 2022 was $207,520.
Who are the executives of Cobb Center Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $52,227
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cobb Center Inc?
Cobb Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cobb Center Inc
Cobb Center Inc, a nonprofit organization, is dedicated to serving the elderly and handicapped community. Its mission is centered around providing affordable rental units below market rate. By doing so, Cobb Center Inc aims to cater to the housing needs of this specific demographic, ensuring they have access to comfortable living spaces. The organization's efforts are instrumental in providing a sense of security and independence to the elderly and handicapped individuals, enabling them to maintain a dignified lifestyle.
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Impact
October, 2024
Cobb Center Inc plays a vital role in addressing housing needs for vulnerable populations, specifically the elderly and handicapped individuals in Royston, Georgia. By providing 24 below-market rental units, the organization significantly enhances access to affordable housing, ensuring that these individuals have a safe and secure place to live. The impact of Cobb Center Inc extends beyond just housing; it fosters a sense of community and stability, allowing residents to thrive in an environment tailored to their needs. Through its commitment to affordable living, Cobb Center Inc contributes to the overall well-being of its residents and promotes inclusivity within the community.
This information is meant to be a general summary of Cobb Center 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: $354
- Program Service Revenue: $204,113
- Gross Receipts: $207,520
Assets and Liabilities:
- Total Assets: $910,947
- Total Liabilities: $841,602
- Net Assets: $69,345
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE PAYMENT
Revenue
$126,443
APARTMENT RENT
Revenue
$77,670
Organization Details
Founding Year
1984
Phone
(706) 245-4323Principal Officer
Deborah Harbin
Main Address
234 TURNER STREET, ROYSTON, GA, 30662
NTEE Category
Code: L22 - Housing
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