Overview
What is Palm Springs Senior Housing Inc?
Palm Springs Senior Housing Inc is a nonprofit organization, founded in collaboration with Cooperative Services, Inc., a Michigan-based nonprofit cooperative. Established in December 1993, its primary purpose is to provide housing facilities for low-income senior citizens. The organization, located in Palm Springs, California, was initially formed to acquire an interest in real property and construct an apartment project consisting of 60 units. In alignment with the U.S. Department of Housing and Urban Development, Palm Springs Senior Housing Inc continues to offer affordable housing solutions for elderly individuals, contributing to their well-being and providing a secure living environment.
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)
Palm Springs Senior Housing Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 96%, which indicates a high level of transparency and effective financial management. This score is based entirely on the Accountability & Finance category, showcasing their commitment to responsible stewardship of resources.
The nonprofit boasts a fully independent board composed of ten members, ensuring that governance is free from conflicts of interest. Additionally, they have a robust audit and oversight committee, and maintain several important policies, including those related to whistleblower protection and document retention. Their financial practices are also solid, with a low liabilities-to-assets ratio and a high program expense ratio, which shows that a significant portion of their funding goes directly to their mission-related activities.
There are no significant limitations mentioned in the data, which suggests that Palm Springs Senior Housing Inc operates with a high degree of accountability and integrity. Overall, the organization demonstrates a strong commitment to serving its community effectively while maintaining transparency and sound financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Palm Springs Senior Housing Inc legitimate?
Palm Springs Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palm Springs Senior 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: $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 Palm Springs Senior Housing Inc?
Palm Springs Senior Housing Inc, as a non-profit organization, is committed to providing housing facilities for low-income senior citizens. The corporation's primary mission is to acquire and operate an apartment project, offering suitable living spaces for elderly individuals who fall under the income threshold. This initiative is carried out in collaboration with the US Department of Housing and Urban Development. The organization's goal is to contribute to the well-being of senior citizens by ensuring they have access to affordable housing.
Official website here: www.csi.coop
Who is the CEO of Palm Springs Senior Housing Inc?
Cindy Lamb is the President of Palm Springs Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Palm Springs Senior Housing Inc?
Palm Springs Senior Housing Inc's revenue in 2022 was $627,201.
Official website here: www.csi.coop
Who are the executives of Palm Springs Senior Housing Inc and what are their salaries?
There 8 volunteers at Palm Springs Senior Housing Inc.
Here are 19 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
- Compensation: $0
- 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 Palm Springs Senior Housing Inc?
Palm Springs Senior Housing Inc'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 Palm Springs Senior Housing Inc
Palm Springs Senior Housing Inc, a California-based non-profit corporation, is dedicated to providing housing facilities for low-income senior citizens. Established in 1993, the organization collaborates with the U.S. Department of Housing and Urban Development to offer suitable living spaces for the elderly. The mission of Palm Springs Senior Housing Inc is multifaceted, aiming to enhance the living conditions of seniors who are financially disadvantaged. By constructing and operating an apartment project, the non-profit corporation offers a home to senior citizens, ensuring they have a secure and comfortable environment to reside in.
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Impact
July, 2024
Palm Springs Senior Housing Inc's impact is significant as it provides essential housing facilities for low-income senior citizens. By offering affordable housing options for seniors in need, the organization plays a crucial role in ensuring that this vulnerable population has a safe and stable place to call home. Additionally, by partnering with the US Department of Housing and Urban Development, Palm Springs Senior Housing Inc is able to extend its reach and provide even more seniors with access to quality housing. Overall, the organization's efforts contribute to enhancing the quality of life for low-income seniors in Palm Springs, California, by addressing their housing needs and promoting a sense of security and community.
This information is meant to be a general summary of Palm Springs Senior 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: $3,173
- Program Service Revenue: $241,216
- Gross Receipts: $627,201
Assets and Liabilities:
- Total Assets: $2,726,859
- Total Liabilities: $81,468
- Net Assets: $2,645,391
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$241,216
Organization Details
Founding Year
1993
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
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