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Royal Oak Non-Profit Housing Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 205111657 ✦ Warren, MI ✦ Designated as a 501(c)(3)

Overview

What is Royal Oak Non-Profit Housing Corporation?

Royal Oak Non-Profit Housing Corporation, established in October 1971, is a Michigan-based nonprofit housing organization. It was formed by Cooperative Services, Inc., another Michigan nonprofit, with a mission to offer housing facilities for low-income senior citizens. The corporation initially acquired property in Royal Oak, Michigan, and constructed an apartment project with 240 units to cater to this demographic in cooperation with the U.S. Department of Housing and Urban Development. The organization continues to provide essential housing services to this community.


Is Royal Oak Non-Profit Housing Corporation legitimate?

Royal Oak Non-Profit Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Royal Oak Non-Profit Housing Corporation 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.

Here 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


What is the mission statement of Royal Oak Non-Profit Housing Corporation?
Who is the CEO of Royal Oak Non-Profit Housing Corporation?
What is the revenue of Royal Oak Non-Profit Housing Corporation?
Who are the executives of Royal Oak Non-Profit Housing Corporation and what are their salaries?
Where can I find the form 990 for Royal Oak Non-Profit Housing Corporation?

Mission Statement of Royal Oak Non-Profit Housing Corporation

The Royal Oak Non-Profit Housing Corporation, established in 1971, is dedicated to providing housing facilities for low-income senior citizens. This Michigan-based non-profit organization, founded by Cooperative Services, Inc., a fellow Michigan non-profit cooperative, aims to serve this specific demographic by acquiring property, constructing apartment projects, and operating them to cater to the needs of this population. The corporation's mission aligns with the United States Department of Housing and Urban Development, working together to ensure that low-income senior citizens have access to suitable housing. The Royal Oak Non-Profit Housing Corporation's primary goal is to enhance the living conditions of its target demographic, offering them a secure and affordable place to call home.

Impact

This information is meant to be a general summary of Royal Oak Non-Profit Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Royal Oak Non-Profit Housing Corporation's impact is evident in its crucial role in providing housing facilities for low-income senior citizens. Since its establishment in October 1971, the organization has been dedicated to ensuring that seniors in Royal Oak, Michigan have access to affordable housing. By offering 240 units of housing, Royal Oak Non-Profit Housing Corporation plays a significant role in supporting the community's elderly population. Through its collaboration with the US Department of Housing and Urban Development, the organization helps address the housing needs of this vulnerable demographic, contributing to their well-being and quality of life.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $44,674
  • Program Service Revenue: $1,267,096
  • Gross Receipts: $1,805,764

    • Assets and Liabilities:
  • Total Assets: $15,360,797
  • Total Liabilities: $15,811,602
  • Net Assets: -$450,805
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $1,267,096

    Organization Details

    Founding Year

    1971

    Principal Officer

    Cindy Lamb

    Main Address

    8425 E TWELVE MILE ROAD, WARREN, MI, 48093

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Royal Oak Non-Profit Housing Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.