Nonprofit · EIN 92-1292955
WATERS TOWER SENIOR HOUSING INC
Tax-exempt · WARREN, MI 48093
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,372,546 | $5,189,771 | -$1,817,225 | $39,041,951 | $41,103,644 | -$2,061,693 |
| December 31, 2023 | 990 | $646,881 | $891,350 | -$244,469 | $39,876,197 | $40,120,666 | -$244,469 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,503,943
- of which government grants
- $2,503,943
- Program service revenue
- $770,406
- Investment income
- $12,139
- Net rental income
- $58,902
- Other revenue
- $86,058
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $80
- Accounting fees
- $11,754
- Occupancy
- $552,690
- Depreciation
- $985,380
- Program services (functional)
- $4,711,828
- Management and general (functional)
- $477,943
Balance sheet and other
- Total assets, start of year
- $39,876,197
- Total assets, end of year
- $39,041,951
- Total liabilities, end of year
- $41,103,644
- Net assets, end of year
- -$2,061,693
- Land, buildings and equipment
- $37,539,181
- Net assets without donor restrictions
- -$2,061,693
- Gross receipts
- $3,372,546
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2022
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANNE SACKRISON | ASSISTANT SECRETARY Trustee or director, Officer | 0.1 | $0 | $298,572 | $69,471 |
| MEL HUDSON | NATIONAL CONSTRUCTION MANAGER Highest-paid employee | 0.1 | $0 | $202,984 | $66,377 |
| DIANE SMITH | NATIONAL DEVELOPMENT MANAGER Highest-paid employee | 0.1 | $0 | $203,778 | $55,737 |
| CINDY LAMB | ASSISTANT TREASURER Trustee or director, Officer | 0.1 | $0 | $206,914 | $38,191 |
| TIM BRAUNSCHEIDAL | CHIEF OPERATIONS OFFICER Highest-paid employee | 0.1 | $0 | $188,058 | $54,786 |
| DARLA HUTTINGER | REGIONAL MANAGER Highest-paid employee | 0.1 | $0 | $176,625 | $43,767 |
| MARGUERITE D ANGELO | REGIONAL MANAGER Highest-paid employee | 0.1 | $0 | $184,758 | $28,825 |
| SHERYLE MOREY | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| MARY DALESSANDRO | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JERI DRAUGHON | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| SHIRLEY MORELAND | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| GERALD MAHOM JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DEANIE ROBINSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GLORIA HARRIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| CATHERINE POWELL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ETHEL YOUNG | DIRECTOR Trustee or director | 0.1 | $0 |
| GINA CARTER | DIRECTOR Trustee or director | 0.1 | $0 |
| ANNIE MITCHELL | FORMER PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| GLORIA PARRIS | FORMER VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| JUDY ROBERTS | FORMER DIRECTOR Trustee or director | 0.1 | $0 |
| MARIETTA MARTIN | FORMER DIRECTOR Trustee or director | 0.1 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANNE SACKRISON | ASSISTANT SECRETARY Trustee or director, Officer | 0.1 | $0 | $286,866 | $65,434 |
| MEL HUDSON | NATIONAL CONSTRUCTION MANAGER Highest-paid employee | 0.1 | $0 | $194,673 | $63,515 |
| DIANE SMITH | NATIONAL DEVELOPMENT MANAGER Highest-paid employee | 0.1 | $0 | $194,788 | $52,900 |
| CINDY LAMB | ASSISTANT TREASURER Trustee or director, Officer | 0.1 | $0 | $199,608 | $37,025 |
| TIM BRAUNSCHEIDAL | CHIEF OPERATIONS OFFICER Highest-paid employee | 0.1 | $0 | $178,523 | $50,953 |
| DARLA HUTTINGER | REGIONAL MANAGER Highest-paid employee | 0.1 | $0 | $169,810 | $39,866 |
| MARGUERITE D ANGELO | REGIONAL MANAGER Highest-paid employee | 0.1 | $0 | $178,661 | $27,532 |
| ANNIE MITCHELL | PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| GLORIA PARRIS | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| SHERYLE MOREY | TREASURER Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| JERI DRAUGHON | SECRETARY Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| ALEX AHO | FORMER DIRECTOR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| MARIETTA MARTIN | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| DEANIE ROBINSON | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GLORIA HARRIS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| MARY DALESSANDRO | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| SHIRLEY MORELAND | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| CATHERINE POWELL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JUDY ROBERTS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| GERALD MAHOM JR | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ETHEL YOUNG | FORMER DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| RILLAR MCDANIEL | FORMER DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| ELAINE HERRICK | FORMER DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8425 EAST TWELVE MILE RD 100, WARREN, MI 48093-2738
- In care of
- % DIANE SMITH
- Principal officer (990 for 2024)
- CINDY LAMB, 8425 EAST TWELVE MILE RD 100, WARREN, MI 48093
- Signed the 990
- CINDY LAMB, ASSISTANT TREASURER
- Phone
- (586) 753-9002
- Website
- WWW.CSI.COOP
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
Mission
TO PROVIDE HOUSING FACILITIES FOR LOW INCOME SENIOR CITIZENS.
Program accomplishments
- WATERS TOWER SENIOR HOUSING INC, IS A MARYLAND NON-PROFIT HOUSING CORPORATION ORGANIZED ON A NON-STOCK BASIS BY COOPERATIVE SERVICES, INC., A MICHIGAN NON-PROFIT COOPERATIVE. THE CORPORATION WAS FORMED DECEMBER 1, 2022 TO ACQUIRE AN INTEREST IN REAL PROPERTY LOCATED IN BALTIMORE, MARYLAND AND OPERATE THEREON AN APARTMENT PROJECT OF 203 UNITS. HOUSING IS PROVIDED TO LOW INCOME SENIORS IN COOPERATION WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.Expenses $4,711,828 · revenue $770,406
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 92-1292955
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $39,041,951
- Income (IRS master file)
- $3,372,546
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,372,546 | $5,189,771 | $39,041,951 | XML |
| 990 | December 2023 | $646,881 | $891,350 | $39,876,197 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 92-1292955).
Questions about WATERS TOWER SENIOR HOUSING INC
- What is the EIN of WATERS TOWER SENIOR HOUSING INC?
- The employer identification number (EIN) of WATERS TOWER SENIOR HOUSING INC is 92-1292955.
- Is WATERS TOWER SENIOR HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to WATERS TOWER SENIOR HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WATERS TOWER SENIOR HOUSING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WATERS TOWER SENIOR HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WATERS TOWER SENIOR HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WATERS TOWER SENIOR HOUSING INC?
- The 990 for the year ended December 31, 2024 names CINDY LAMB.
- Who are the officers and directors of WATERS TOWER SENIOR HOUSING INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 0 received compensation from the organization.
- How much revenue does WATERS TOWER SENIOR HOUSING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,372,546, expenses of $5,189,771 and total assets of $39,041,951 at year end.
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