Overview
What is Carbondale Senior Housing Corporation?
Carbondale Senior Housing Corporation is a nonprofit organization located in Carbondale, Colorado, committed to promoting and facilitating the development of affordable housing primarily for the elderly and disabled residents of the area. They achieve this by applying for and acquiring grants, loans, and other funding to develop such housing. Their mission encompasses both sponsoring new housing projects and managing existing affordable properties, aiming to ensure that elderly and disabled individuals in the community have access to affordable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 73%, Two-Star out of Four Star rating. The Carbondale Senior Housing Corporation has demonstrated strong accountability and financial practices, achieving a perfect score in key areas such as majority independent board members and liabilities to assets ratio. Their program expense ratio is also commendable, indicating effective utilization of funds for their mission.
However, the organization faces criticism for lacking essential policies in conflict of interest, whistleblower protection, and document retention. These missing policies negatively impact their overall score and reflect areas where the organization could enhance governance and transparency.
Overall, while Carbondale Senior Housing Corporation exhibits strengths in financial management and board independence, improvements are necessary in policy development to achieve a stronger rating and further build trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Carbondale Senior Housing Corporation legitimate?
Carbondale Senior Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carbondale Senior Housing Corporation 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: $3,150
For more financial information, click here
What is the mission statement of Carbondale Senior Housing Corporation?
The Carbondale Senior Housing Corporation's mission is centered around promoting and facilitating the development of affordable housing primarily for the elderly and disabled in need. They aim to assist in obtaining grants, loans, and other funding to develop such housing. The corporation's activities extend to sponsoring new housing projects and managing existing affordable properties, with the ultimate goal of making housing more accessible for this specific group of individuals.
Who is the CEO of Carbondale Senior Housing Corporation?
Ian Bays is the Chair of Carbondale Senior Housing Corporation.
What is the revenue of Carbondale Senior Housing Corporation?
Carbondale Senior Housing Corporation's revenue in 2022 was $676,917.
Who are the executives of Carbondale Senior Housing Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Carbondale Senior Housing Corporation?
Carbondale Senior Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carbondale Senior Housing Corporation
Carbondale Senior Housing Corporation is dedicated to promoting and facilitating the development of affordable housing primarily for the elderly and disabled residing in the Carbondale, Colorado area. The organization's mission involves assisting in the application and acquisition of grants, loans, and other funding to develop such housing. By sponsoring new housing and managing existing properties, Carbondale Senior Housing Corporation aims to make affordable housing more readily available to those in need, thereby enhancing their quality of life. The corporation serves as a vital resource in the community, working tirelessly to ensure that elderly and disabled individuals have access to affordable housing solutions.
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Impact
July, 2024
Carbondale Senior Housing Corporation's impact is significant in the Carbondale, Colorado area as it promotes and facilitates the development of affordable housing primarily for the elderly and disabled residents. By sponsoring new housing projects and managing existing affordable properties, the organization plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing options. Additionally, by assisting with the application and acquisition of grants, loans, and other funding sources, Carbondale Senior Housing Corporation actively works towards addressing the housing needs of the community.
This information is meant to be a general summary of Carbondale Senior Housing Corporation. 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: $10
- Program Service Revenue: $46,213
- Gross Receipts: $676,917
Assets and Liabilities:
- Total Assets: $151,455
- Total Liabilities: $0
- Net Assets: $151,455
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMENT SE
Revenue
$46,213
Organization Details
Founding Year
1983
Phone
(970) 963-9326Principal Officer
Ian Bays
Main Address
1250 HENDRICK DRIVE, CARBONDALE, CO, 81623
NTEE Category
Code: L22 - Housing
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