Overview
What is Southwest Housing Providers?
Southwest Housing Providers is a nonprofit organization that operates a 20-unit senior living facility named Socorro Senior Living in Pagosa Springs, Colorado. The establishment caters to seniors who can live independently with or without some supportive services. The facility offers amenities such as coin-operated laundry facilities, a technology niche in the community room, a small office space, and restrooms. The community room serves as a venue for social and educational activities, aiming to combat the social isolation often experienced by seniors. Southwest Housing Providers was established to construct, own, and operate a rental housing complex under Section 202 of the National Housing Act, which is regulated by the U.S. Department of Housing and Urban Development (HUD), with respect to rental charges and operating methods.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star rating.
Southwest Housing Providers has achieved a solid 87% score, reflecting its strong performance in Accountability & Finance. The organization demonstrates excellent governance practices, with a fully independent board of directors and no material diversion of assets. Its proactive approach in implementing policies such as conflict of interest and whistleblower protections further enhances its accountability.
A significant portion of its expenses, 84.11%, is allocated to programs, indicating a commitment to its mission of providing housing assistance. The liabilities to assets ratio stands at a healthy 9.15%, suggesting a sound financial position. The organization also consistently documents its board meeting minutes, showcasing transparency in operations.
While the organization exhibits strong strengths in governance and financial health, the single beacon score means that its rating is solely based on accountability and finance metrics. Potential donors and stakeholders may want to consider additional factors such as program impact and community feedback when evaluating the overall effectiveness of Southwest Housing Providers.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Housing Providers legitimate?
Southwest Housing Providers is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Housing Providers 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: $57,206
For more financial information, click here
What is the mission statement of Southwest Housing Providers?
Southwest Housing Providers was established with the objective of constructing, owning, and managing a rental housing complex under Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), this project focuses on rental charges and operating methods. The project consists of 20 units and operates under the name Socorro Senior Living. The primary program of Southwest Housing Providers, as per the Section 202 Capital Advance, is to provide senior living accommodations for individuals who can live independently, or with some supportive services. The community facilities include coin-operated laundry facilities, a technology niche in the community room, and a small office space with restrooms. The community room serves as a space for social and educational activities, aiming to foster a sense of family and support among the residents.
Who is the CEO of Southwest Housing Providers?
Cindi Galabota is the Chair of Southwest Housing Providers.
What is the revenue of Southwest Housing Providers?
Southwest Housing Providers's revenue in 2022 was $140,617.
Who are the executives of Southwest Housing Providers and what are their salaries?
There 7 volunteers at Southwest Housing Providers.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Southwest Housing Providers?
Southwest Housing Providers's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwest Housing Providers
Southwest Housing Providers, as an organization, was established with the purpose of constructing, owning, and operating a rental housing complex under Section 202 of the National Housing Act. Regulated by the U.S. Department of Housing and Urban Development (HUD), this project aims to provide affordable housing solutions. The primary focus of Southwest Housing Providers is their Section 202 Capital Advance project, which currently operates under the name Socorro Senior Living in Pagosa Springs, Colorado, catering to seniors who can live independently or with some supportive services. The project includes 20 units, equipped with community spaces such as coin-operated laundry facilities, a technology niche in the community room, and a small office space and restroom. The community room serves as a hub for social and educational activities, fostering a sense of family and support within the project. Activities are designed to overcome the social isolation often encountered among seniors.
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Impact
October, 2024
Southwest Housing Providers significantly impacts the community by offering 20 independent living units specifically designed for seniors in Pagosa Springs, Colorado, through its operation known as Socorro Senior Living. By providing housing that caters to the needs of seniors, whether they require full independence or some supportive services, this initiative enhances the quality of life for older adults in the area.
The facilities include essential community spaces such as coin-operated laundry services and a dedicated technology niche within the community room. These features promote convenience and foster engagement among residents. The community room serves a vital role by facilitating social and educational activities that encourage interaction and connection, effectively addressing the social isolation that many seniors experience.
Moreover, the design and activities offered aim to create a supportive environment, which nurtures a sense of family and belonging among residents. By focusing on overcoming isolation and promoting community involvement, Southwest Housing Providers plays a crucial role in not just housing, but enriching the lives of seniors, thereby contributing positively to their well-being and the broader community.
This information is meant to be a general summary of Southwest Housing Providers. 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: $37
- Program Service Revenue: $65,465
- Gross Receipts: $140,617
Assets and Liabilities:
- Total Assets: $1,979,520
- Total Liabilities: $2,678,054
- Net Assets: -$698,534
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT PAID
Revenue
$64,088
LAUNDRY INCOME
Revenue
$1,377
Organization Details
Founding Year
2007
Phone
(970) 259-1086Principal Officer
Cindi Galabota
Main Address
295 GIRARD STREET, DURANGO, CO, 81303
NTEE Category
Code: I20 - Crime
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