Overview
What is Gardena South Park Senior Project Inc?
Gardena South Park Senior Project Inc, established in 1982, is a California-based nonprofit housing corporation. Fundamentally organized by Cooperative Services, a Michigan nonprofit cooperative, its primary purpose is to provide affordable housing for low-income senior citizens. The organization, headquartered in Warren, Michigan, was originally formed to acquire property in Los Angeles, California, and construct an apartment project comprising 126 units. The housing project operates in collaboration with the U.S. Department of Housing and Urban Development to cater to the needs of senior citizens, ultimately contributing to their wellbeing.
Official website here: www.csi.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Gardena South Park Senior Project Inc has received a Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. The charity scored 100% for having an independent board, which is a significant strength, as it suggests transparency and effective governance. The organization has implemented robust financial oversight measures, evidenced by its perfect scores in areas such as its audit and oversight committee and conflict of interest policy.
The program expense ratio of 81.20% indicates that a substantial portion of its funds is directed towards its programs, highlighting its commitment to serving its mission. However, the charity faces challenges with a liabilities to assets ratio of 85.87%, which signals potential financial strain. This could be an area to monitor for sustainability and long-term viability.
Overall, Gardena South Park Senior Project Inc demonstrates strong governance practices and a commitment to transparency, but attention should be given to its financial liabilities to ensure ongoing service delivery to the community it supports.
This AI summary has been generated from information found on Charity Navigator.
Is Gardena South Park Senior Project Inc legitimate?
Gardena South Park Senior Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gardena South Park Senior Project 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 Gardena South Park Senior Project Inc?
Gardena South Park Senior Project Inc is dedicated to providing housing facilities for low-income senior citizens. As a non-profit organization, its primary objective is to acquire and operate apartments specifically designed for this demographic, in collaboration with the US Department of Housing and Urban Development. The corporation's mission is centered around ensuring that elderly individuals with limited financial resources have access to suitable living spaces. By offering housing, the organization aims to contribute positively to the well-being and quality of life for senior citizens, thus fostering a supportive community environment.
Official website here: www.csi.coop
Who is the CEO of Gardena South Park Senior Project Inc?
Cindy Lamb is the President of Gardena South Park Senior Project Inc.
Official website here: www.csi.coop
What is the revenue of Gardena South Park Senior Project Inc?
Gardena South Park Senior Project Inc's revenue in 2022 was $1,746,351.
Official website here: www.csi.coop
Who are the executives of Gardena South Park Senior Project Inc and what are their salaries?
There 30 volunteers at Gardena South Park Senior Project 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: $153,401
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- Related: $175,150
- 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 Gardena South Park Senior Project Inc?
Gardena South Park Senior Project 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 Gardena South Park Senior Project Inc
Gardena South Park Senior Project, Inc., is a renowned non-profit housing corporation, established with the primary mission of providing housing facilities for low-income senior citizens. This mission is carried out through the acquisition of real estate and the construction of apartment projects, specifically designed to cater to the needs of senior residents. The corporation operates in close collaboration with the United States Department of Housing and Urban Development, ensuring that the housing provided is accessible and affordable for those in need. The mission of Gardena South Park Senior Project, Inc., therefore, is to create a supportive living environment for senior citizens who are financially disadvantaged, enabling them to live with dignity and independence.
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Impact
July, 2024
Gardena South Park Senior Project Inc's impact lies in providing essential housing facilities for low-income senior citizens. Through its mission to offer affordable housing, this organization plays a crucial role in supporting vulnerable members of the community, ensuring they have a safe and stable place to call home. Their work directly addresses the pressing need for affordable housing for seniors, helping to enhance their quality of life and well-being. By focusing on this specific demographic, Gardena South Park Senior Project Inc makes a significant impact on the lives of low-income seniors, providing them with a sense of security and dignity.
This information is meant to be a general summary of Gardena South Park Senior Project 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: $5,512
- Program Service Revenue: $487,029
- Gross Receipts: $1,746,351
Assets and Liabilities:
- Total Assets: $5,964,531
- Total Liabilities: $5,322,130
- Net Assets: $642,401
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$487,029
Organization Details
Founding Year
1982
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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