Overview
What is Cushing Housing Inc?
Cushing Housing Inc, with its operational base at 214 East Broadway, Cushing, Oklahoma 74023, is a nonprofit organization primarily dedicated to providing housing facilities and related services for elderly individuals. Operating under the National Housing Act of 1959, they offer essential support to this demographic, ensuring they can maintain a comfortable living environment. The organization, known as Cimarron Tower, employs a team of one dedicated professional to carry out its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Cushing Housing Inc has achieved a Three-Star rating from Charity Navigator, reflecting a satisfactory level of accountability and financial health. The organization scored particularly well in governance areas, earning full points for having a majority of independent board members, a comprehensive conflict of interest policy, and established whistleblower and document retention policies.
While the organization demonstrates strong governance practices, it faces a significant challenge with its liabilities to assets ratio, which is notably high at 243.33%. This may raise concerns about financial stability, despite the positive aspects of program expense ratios and the lack of material asset diversion. Overall, Cushing Housing Inc shows a commitment to responsible management, though potential supporters should be mindful of its financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Cushing Housing Inc legitimate?
Cushing Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cushing Housing 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: $36,126
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,489
For more financial information, click here
What is the mission statement of Cushing Housing Inc?
Cushing Housing Inc is dedicated to providing housing facilities and related services to elderly individuals, in line with the guidelines set by the National Housing Act of 1959. Their mission is to offer a supportive living environment that caters specifically to the needs of the elderly, ensuring they can maintain their independence and quality of life. The organization's activities are geared towards enhancing the living conditions of elderly persons, offering them a sense of community and security. By adhering to the National Housing Act of 1959, Cushing Housing Inc is committed to providing elderly individuals with a reliable and comfortable living situation.
Who is the CEO of Cushing Housing Inc?
Stewart Grounds is the Director of Cushing Housing Inc.
What is the revenue of Cushing Housing Inc?
Cushing Housing Inc's revenue in 2022 was $480,762.
Who are the executives of Cushing Housing Inc and what are their salaries?
The average compensation at Cushing Housing Inc during 2022 was $74,615. There is 1 employee at Cushing Housing Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Cushing Housing Inc?
Cushing Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cushing Housing Inc
Cushing Housing Inc, as a nonprofit organization, is dedicated to providing housing facilities and related services to elderly individuals. This mission is anchored in the National Housing Act of 1959, a legislative framework that serves as a guiding principle for their operations. In essence, Cushing Housing Inc seeks to create a living environment that caters specifically to the needs of the elderly, offering them a sense of security, comfort, and community. By providing housing facilities and related services, this organization aims to enhance the quality of life for elderly persons, ensuring they can age with dignity and independence.
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Impact
July, 2024
Cushing Housing Inc has a significant impact on the elderly community in Cushing, Oklahoma by providing essential housing facilities and related services under the National Housing Act of 1959. Their mission to offer housing to elderly individuals contributes to ensuring a safe and comfortable living environment for this vulnerable population. Through their dedicated efforts, Cushing Housing Inc plays a vital role in supporting the well-being and quality of life of elderly residents in the area.
This information is meant to be a general summary of Cushing Housing 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: $64
- Program Service Revenue: $477,895
- Gross Receipts: $480,762
Assets and Liabilities:
- Total Assets: $709,585
- Total Liabilities: $1,144,795
- Net Assets: -$435,210
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
UNDER THE NATIONAL HOUSING ACT OF 1959.
Revenue
$168,019
TENANT RENTS
Revenue
$309,876
Organization Details
Founding Year
1984
Phone
(817) 488-2077Principal Officer
Stewart Grounds
Main Address
214 East Broadway, Cushing, OK, 74023
NTEE Category
Code: L21Z - Housing
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