Overview
What is Skaalen Village Inc?
Skaalen Village Inc is a nonprofit organization situated in Stoughton, Wisconsin. Their primary mission is to offer affordable housing for senior adults aged 62 and above. The organization owns 57 single-story condominium units, each equipped with two bedrooms, designed for independent living. These units are maintenance-free and come with various ancillary and support services to ensure a secure environment for their residents. The ultimate goal of Skaalen Village Inc is to cater to the retirement housing needs of the elderly population in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.
Skaalen Village Inc has received a score of 79%, indicating a solid performance in accountability and finance, which is the only metric evaluated in this case. The organization boasts a perfect score for having a fully independent board, with all ten members being independent. Their financial practices are commendable, as they have reported no material diversion of assets and maintain robust policies concerning conflict of interest, whistleblower protections, and document retention.
The program expense ratio is particularly impressive at 92.73%, reflecting a strong commitment to directing funds towards their mission rather than administrative costs. While the overall rating is good, the focus on a single beacon score may limit a comprehensive assessment of the organization's overall impact. Nonetheless, Skaalen Village Inc demonstrates strong governance and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Skaalen Village Inc legitimate?
Skaalen Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Skaalen Village 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
What is the mission statement of Skaalen Village Inc?
Skaalen Village Inc is committed to providing affordable retirement housing for seniors who are 62 years old and above. This mission is accomplished by owning 57 maintenance-free, single-story condominium units designed for independent adults. The condominiums offer a secure environment with numerous ancillary and support services to cater to the needs of the residents. By offering affordable and carefree living, Skaalen Village Inc aims to enhance the quality of life for its senior residents.
Who is the CEO of Skaalen Village Inc?
Kris Krentz is the Chair of Skaalen Village Inc.
What is the revenue of Skaalen Village Inc?
Skaalen Village Inc's revenue in 2022 was $483,235.
Who are the executives of Skaalen Village Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $196,882
- Other: $52,000
Where can I find the form 990 for Skaalen Village Inc?
Skaalen Village Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Skaalen Village Inc
Skaalen Village Inc, a nonprofit organization, is dedicated to providing affordable retirement housing for seniors aged 62 and above. Their mission is to create an environment that caters to the needs of independent adults, offering them maintenance-free living quarters. These two-bedroom condominium units, numbering 57 in total, are designed to promote carefree living for the elderly. Skaalen Village Inc goes beyond just providing housing; they also offer various ancillary and support services to ensure the safety and security of their residents. These services are intended to enhance the living experience for seniors, making their retirement years more comfortable and fulfilling.
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Impact
July, 2024
Skaalen Village Inc's impact is significant in providing affordable retirement housing for seniors aged 62 and older in Stoughton, Wisconsin. The organization owns 57 affordable single-story condominium units designed for independent adults, offering carefree living and a secure environment. With maintenance-free living and various ancillary and support services, Skaalen Village enables seniors to age comfortably and independently. Their focus on affordable housing directly contributes to the health and well-being of senior citizens in the community.
This information is meant to be a general summary of Skaalen Village 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: $10,429
- Program Service Revenue: $472,806
- Gross Receipts: $483,235
Assets and Liabilities:
- Total Assets: $7,550,349
- Total Liabilities: $12,001,097
- Net Assets: -$4,450,748
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MONTHLY SERVICE FEES
Revenue
$408,884
AMORTIZATION OF ENTRANCE FEES
Revenue
$63,922
Organization Details
Founding Year
2003
Phone
(608) 873-5651Principal Officer
Kris Krentz
Main Address
400 NORTH MORRIS STREET, STOUGHTON, WI, 53589
NTEE Category
Code: E70 - Health
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