Overview
What is North Hollywood Senior Citizens Towers Inc?
North Hollywood Senior Citizens Towers Inc, a California-based non-profit housing corporation, was established in collaboration with Cooperative Services Inc, a Michigan non-profit cooperative. Their primary mission is to provide affordable housing for low-income senior citizens, situated in North Hollywood, California. The organization manages a 200-unit apartment project, with support from the US Department of Housing and Urban Development. Their primary objective is to offer suitable living facilities for this demographic, fostering a supportive environment for senior citizens.
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)
North Hollywood Senior Citizens Towers Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization achieved an 81% score in this category, indicating a strong commitment to financial transparency and responsible management of resources. The scoring is based solely on accountability metrics, emphasizing the nonprofit's effective governance structure and fiscal practices.
The organization boasts an exemplary board governance with 100% independent members, ensuring that decisions are made without conflicts of interest. They score full points across various accountability criteria, including the presence of an audit committee and a whistleblower policy, which further enhances their credibility. Additionally, the program expense ratio is commendable at 82.50%, suggesting that a significant portion of their funds is directed toward their mission-related activities.
While the rating indicates many strengths, it is important to note that the assessment is based entirely on financial performance. There may be limited insights into the organization's program outcomes or community impact, which could be areas of interest for potential donors or stakeholders looking for a more comprehensive evaluation of the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is North Hollywood Senior Citizens Towers Inc legitimate?
North Hollywood Senior Citizens Towers Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Hollywood Senior Citizens Towers 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 North Hollywood Senior Citizens Towers Inc?
North Hollywood Senior Citizens Towers Inc is committed to providing housing facilities for low-income senior citizens. This non-profit corporation operates an apartment project with 200 units, working in cooperation with the U.S. Department of Housing and Urban Development. The organization's mission is to offer a living space for elderly individuals with limited financial resources, aiming to make housing accessible and affordable for this specific demographic. This initiative not only provides a residence but also contributes to the well-being of the senior community.
Official website here: www.csi.coop
Who is the CEO of North Hollywood Senior Citizens Towers Inc?
Anne Sackrison is the President of North Hollywood Senior Citizens Towers Inc.
Official website here: www.csi.coop
What is the revenue of North Hollywood Senior Citizens Towers Inc?
North Hollywood Senior Citizens Towers Inc's revenue in 2022 was $3,059,297.
Official website here: www.csi.coop
Who are the executives of North Hollywood Senior Citizens Towers Inc and what are their salaries?
There 20 volunteers at North Hollywood Senior Citizens Towers Inc.
Here are 19 key members and their salaries:
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- Related: $182,532
- Other: $32,442
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- Related: $175,150
- Other: $45,954
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- 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 North Hollywood Senior Citizens Towers Inc?
North Hollywood Senior Citizens Towers 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 North Hollywood Senior Citizens Towers Inc
North Hollywood Senior Citizens Towers Inc, a California-based non-profit housing corporation, is committed to providing housing facilities for low-income senior citizens. Established in a cooperative manner with Cooperative Services Inc, a Michigan non-profit cooperative, the organization's primary mission is to cater to the housing needs of elderly individuals with limited financial resources. In collaboration with the U.S. Department of Housing and Urban Development, North Hollywood Senior Citizens Towers Inc operates an apartment project, offering 200 units of comfortable living space. By providing such facilities, the organization aims to contribute positively to the lives of senior citizens, ensuring they can age with dignity and security.
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Impact
July, 2024
North Hollywood Senior Citizens Towers Inc's impact is significant in providing affordable housing facilities for low-income senior citizens in North Hollywood, California. Through its operation of a 200-unit apartment project, this organization plays a crucial role in addressing the housing needs of the senior population in cooperation with the US Department of Housing and Urban Development. By offering a safe and stable living environment for low-income seniors, North Hollywood Senior Citizens Towers Inc positively impacts the quality of life and well-being of this vulnerable demographic in the community.
This information is meant to be a general summary of North Hollywood Senior Citizens Towers 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: $14,918
- Program Service Revenue: $697,175
- Gross Receipts: $3,059,297
Assets and Liabilities:
- Total Assets: $10,549,941
- Total Liabilities: $10,323,158
- Net Assets: $226,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$697,175
Organization Details
Founding Year
1983
Phone
(586) 753-9002Principal Officer
Anne Sackrison
Main Address
8425 E TWELVE MILE ROAD, WARREN, MI, 48093
Website
www.csi.coopNTEE Category
Code: L22Z - Housing
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