Overview
What is Moreno Valley Senior Housing Inc?
Moreno Valley Senior Housing Inc is a California-based nonprofit corporation, established in 1998 by Cooperative Services, a Michigan non-profit cooperative. Situated in Moreno Valley, California, the organization's primary mission is to provide affordable housing facilities for low-income senior citizens. It was initially formed to acquire property and construct an apartment project consisting of 70 units, in cooperation with the U.S. Department of Housing and Urban Development. The corporation's activities are centered around offering housing solutions for the elderly community, contributing to their well-being and overall livelihood.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Moreno Valley Senior Housing Inc has achieved a remarkable 96% rating, indicating a high level of accountability and financial health. This impressive score reflects the organization's commitment to transparency and effective governance, as evidenced by a perfect score for independent board members and strong metrics across various financial indicators.
The organization demonstrates a robust program expense ratio of 73.90%, highlighting its dedication to using the majority of its resources to further its mission. Additionally, the absence of any material diversion of assets and a very low liabilities to assets ratio of 2.95% further illustrates the organization's financial stability and sound management practices.
While the data showcases strong governance and financial responsibility, the overview does not provide information on programmatic outcomes or impact. However, the high rating from Charity Navigator suggests Moreno Valley Senior Housing Inc is well-managed and likely effective in its mission to support seniors in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Moreno Valley Senior Housing Inc legitimate?
Moreno Valley Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moreno Valley 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
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For more financial information, click here
Official website here: www.csi.coop
What is the mission statement of Moreno Valley Senior Housing Inc?
Moreno Valley Senior Housing Inc's mission is centered around providing housing facilities for senior citizens who fall under the category of low income individuals. This non-profit organization, established in collaboration with the U.S. Department of Housing and Urban Development, strives to meet this mission by acquiring and developing properties, subsequently constructing and operating apartment projects specifically designed for these seniors. The main objective is to ensure that these elderly individuals have access to affordable housing, thereby improving their living conditions.
Official website here: www.csi.coop
Who is the CEO of Moreno Valley Senior Housing Inc?
Cindy Lamb is the President of Moreno Valley Senior Housing Inc.
Official website here: www.csi.coop
What is the revenue of Moreno Valley Senior Housing Inc?
Moreno Valley Senior Housing Inc's revenue in 2022 was $766,972.
Official website here: www.csi.coop
Who are the executives of Moreno Valley Senior Housing Inc and what are their salaries?
There 7 volunteers at Moreno Valley 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: $45,954
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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 Moreno Valley Senior Housing Inc?
Moreno Valley 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 Moreno Valley Senior Housing Inc
Moreno Valley Senior Housing Inc, a California-based non-profit organization, is dedicated to providing housing facilities for low-income senior citizens. Established in 1998, this corporation, formed in collaboration with Cooperative Services, Inc., a Michigan non-profit cooperative, aims to offer a welcoming living environment for the elderly who are financially disadvantaged. The organization's mission is to acquire and manage real property, constructing and operating an apartment project with 70 units specifically designed for senior citizens. This housing initiative is made possible through partnership with the United States Department of Housing and Urban Development, ensuring that low-income seniors have access to safe and comfortable living spaces.
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Impact
July, 2024
Moreno Valley Senior Housing Inc's impact is significant as it provides crucial housing facilities for low-income senior citizens in Moreno Valley, California. By offering affordable and safe housing options for seniors in need, Moreno Valley Senior Housing Inc contributes to improving the quality of life for this vulnerable population. Additionally, the organization's mission aligns with addressing the pressing issue of housing insecurity among seniors, thereby making a positive difference in the community.
This information is meant to be a general summary of Moreno Valley 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: $3,097
- Program Service Revenue: $251,002
- Gross Receipts: $766,972
Assets and Liabilities:
- Total Assets: $4,997,482
- Total Liabilities: $113,087
- Net Assets: $4,884,395
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$251,002
Organization Details
Founding Year
1998
Phone
(586) 753-9002Principal Officer
Cindy Lamb
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L200 - Housing
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