Co-Care Inc
- Assets
- $902.5k
- Revenue
- $756.8k
- Investments
- $0.0
- Employees
- 12
- Location
- Green Bay, WI
- Founding
- 07/1976
- Data as of
- 12/2021
- EIN
- 23-7382256
Organization Overview
Co-Care Inc is located in Green Bay, WI. The organization was established in 1976. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Co-Care Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Co-Care Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Co-Care Inc generated $756.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $587.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES LOW INCOME HOUSING FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORT HOWARD APARTMENT PROJECT OF CO-CARE, INC. IS A NONPROFIT ORGANIZATION OPERATING A 97-UNIT APARTMENT PROJECT FOR THE ELDERLY IN GREEN BAY, WISCONSIN. NINETY-SIX UNITS QUALIFY UNDER SECTION 8 OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) REGULATIONS, AND ONE UNIT IS EXEMPT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Kuehn Schumacher Secretary/manager | Officer | 40 | $63,794 |
Jim Frink Treasurer | OfficerTrustee | 1 | $0 |
Bernard Erickson President | OfficerTrustee | 0.5 | $0 |
Greg Gloe Vice President | OfficerTrustee | 0.3 | $0 |
Judy Westerfeld Board Member (thru August) | Trustee | 0.3 | $0 |
Donna Jansen Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,812 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,812 |
| Total Program Service Revenue | $751,856 |
| Investment income | $110 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $756,760 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $63,794 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,886 |
| Payroll taxes | $16,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,639 |
| Advertising and promotion | $1,003 |
| Office expenses | $19,558 |
| Information technology | $12,329 |
| Royalties | $0 |
| Occupancy | $141,241 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,693 |
| Insurance | $7,036 |
| All other expenses | $2,294 |
| Total functional expenses | $587,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,726 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,956 |
| Net Land, buildings, and equipment | $644,393 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $208,734 |
| Total assets | $902,486 |
| Accounts payable and accrued expenses | $28,645 |
| Grants payable | $0 |
| Deferred revenue | $6,789 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $437,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $61,334 |
| Total liabilities | $534,733 |
| Net assets without donor restrictions | $367,753 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $902,486 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Housing Preservation Corp Madison, WI | $363,112,557 | $53,775,337 |
Capital Area Housing Partnership Lansing, MI | $4,892,725 | $36,115,951 |
Commonbond Communities St Paul, MN | $162,416,723 | $28,132,790 |
Lester And Rosalie Anixter Center Chicago, IL | $16,517,406 | $29,142,038 |
Ho-Chunk Housing And Community Development Agency Tomah, WI | $18,849,800 | $12,706,218 |
Southwest Minnesota Housing Partnership Slayton, MN | $59,310,088 | $10,657,099 |
Iccf Community Home Grand Rapids, MI | $56,991,774 | $12,188,676 |
Reach For Your Potential Inc Iowa City, IA | $7,743,905 | $10,140,331 |
Ppl Properties Minneapolis, MN | $55,862,410 | $5,681,463 |
Hudsonville Christian School Hudsonville, MI | $18,424,541 | $13,917,128 |
Region Xii Council Of Governments Inc Carroll, IA | $20,470,902 | $9,309,351 |
Dwelling Place Of Grand Rapids Nonprofit Housing Corporation Grand Rapids, MI | $53,298,449 | $7,853,634 |