Overview
What is Cathedral City Senior Housing Inc?
Cathedral City Senior Housing Inc, established in 1997, is a California-based nonprofit housing corporation. Originated as a cooperation between Cooperative Services Inc, a Michigan nonprofit cooperative, its primary mission is to provide housing facilities for low-income senior citizens. The corporation, headquartered in Warren, Michigan, initially aimed to acquire property in Cathedral City, California, and construct an apartment project of 50 units for senior citizens in partnership with the US Department of Housing and Urban Development. The organization's objective remains to offer affordable housing solutions to elderly individuals 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
Cathedral City Senior Housing Inc has achieved an impressive 96% score on Charity Navigator, earning a Four-Star rating, which indicates a high level of trust and accountability. This rating is based entirely on their Accountability & Finance metrics, showcasing their commitment to financial transparency and responsible governance. The organization has demonstrated strong performance in areas such as having a majority of independent board members and a robust conflict of interest policy.
The nonprofit's financial practices are commendable, as evidenced by their program expense ratio of 72.73%, meaning a significant portion of their expenses directly supports their programs. Additionally, their liabilities to assets ratio stands at a low 3.69%, which reflects strong financial health and stability. The organization's commitment to best practices is further illustrated by their comprehensive policies, including those for whistleblower protection and document retention.
While the data presents a positive view of Cathedral City Senior Housing Inc, it's important for potential supporters to consider the full context of their services and impact in the community. Overall, the organization appears well-managed and dedicated to its mission, making it a reliable choice for donors looking to support senior housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Cathedral City Senior Housing Inc legitimate?
Cathedral City Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cathedral City 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:
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For more financial information, click here
Official website here: www.csi.coop
What is the mission statement of Cathedral City Senior Housing Inc?
Cathedral City Senior Housing Inc, as a non-profit organization, is committed to providing housing facilities for senior citizens with low income. This mission is carried out by cooperating with the Department of Housing and Urban Development in the United States. The corporation, established in 1997, acquires property and constructs apartment projects specifically designed for these senior citizens, ensuring they have access to affordable housing. The organization's primary goal is to make housing an attainable resource for this demographic, thereby enhancing their quality of life.
Official website here: www.csi.coop
Who is the CEO of Cathedral City Senior Housing Inc?
Cindy Lamb is the President of Cathedral City Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Cathedral City Senior Housing Inc?
Cathedral City Senior Housing Inc's revenue in 2022 was $622,430.
Official website here: www.csi.coop
Who are the executives of Cathedral City Senior Housing Inc and what are their salaries?
Here are 19 key members and their salaries:
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- Related: $182,532
- Other: $32,442
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- Related: $182,210
- Other: $47,091
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- Related: $177,736
- Other: $54,448
Official website here: www.csi.coop
Where can I find the form 990 for Cathedral City Senior Housing Inc?
Cathedral City 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 Cathedral City Senior Housing Inc
Cathedral City Senior Housing Inc, a California-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established in 1997, the corporation's mission is centered around acquiring and operating residential properties, specifically constructing a 50-unit apartment project. This project aims to offer affordable housing to elderly individuals who fall under the category of low income. The organization's efforts are in alignment with the United States Department of Housing and Urban Development, further emphasizing its commitment to making housing accessible to those in need. In essence, Cathedral City Senior Housing Inc plays a vital role in ensuring the elderly population has a suitable living environment.
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Impact
July, 2024
Cathedral City Senior Housing Inc's impact lies in providing essential housing facilities for low-income senior citizens. By offering affordable housing options for seniors, this organization plays a vital role in ensuring that this vulnerable population has access to safe and secure accommodation. Through its mission to serve low-income seniors, Cathedral City Senior Housing Inc contributes to improving the quality of life and well-being of older adults who may otherwise struggle to find suitable housing options. With a focus on meeting the housing needs of seniors, this organization makes a significant difference in the lives of the elderly community.
This information is meant to be a general summary of Cathedral City 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: $1,821
- Program Service Revenue: $166,963
- Gross Receipts: $622,430
Assets and Liabilities:
- Total Assets: $2,655,843
- Total Liabilities: $45,320
- Net Assets: $2,610,523
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$166,963
Organization Details
Founding Year
1997
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L220 - Housing
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