Overview
What is Sherwood Inn Apartments Inc?
Sherwood Inn Apartments Inc, located in Bozeman, Montana, functions as a public housing facility with a clear mission: to offer affordable housing solutions to individuals with limited financial means. This nonprofit entity is dedicated to providing a comfortable living space for its residents, thereby contributing significantly to the community's social fabric.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Sherwood Inn Apartments Inc has received a rating of 74%, which classifies it as a Two-Star nonprofit organization. This score reflects a solid performance in key areas such as accountability and finance, particularly in its program expense ratio, which stands at an impressive 98.66%. This indicates that a significant portion of its expenditures is directed towards its mission-related activities.
However, the organization faces some challenges regarding governance. Notably, it has a lack of independent board members, which raises concerns about oversight and accountability. Additionally, critical documents such as its website and tax form are not listed on its site, which could limit transparency and accessibility for stakeholders. Despite these limitations, the organization has established policies for conflict of interest, whistleblower protections, and document retention, demonstrating a commitment to ethical practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sherwood Inn Apartments Inc legitimate?
Sherwood Inn Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sherwood Inn Apartments 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 Sherwood Inn Apartments Inc?
Sherwood Inn Apartments Inc, as an organization, is committed to providing low-income housing. Their mission is geared towards serving individuals who may not have adequate housing resources. By offering affordable living spaces, they aim to bridge the gap and ensure that everyone has a place to call home, regardless of their financial situation. Their activities are centered around this mission, providing a vital service in the community.
Who is the CEO of Sherwood Inn Apartments Inc?
Heather Grenier is the President of Sherwood Inn Apartments Inc.
What is the revenue of Sherwood Inn Apartments Inc?
Sherwood Inn Apartments Inc's revenue in 2022 was $78,847.
Who are the executives of Sherwood Inn Apartments Inc and what are their salaries?
There 7 volunteers at Sherwood Inn Apartments Inc.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $113,601
- Other: $8,285
- Compensation: $0
- Related: $86,994
- Other: $15,005
- Compensation: $0
- Related: $41,154
- Other: $6,556
- Compensation: $0
- Related: $83,752
- Other: $6,162
- Compensation: $0
- Related: $101,178
- Other: $7,402
- Compensation: $0
- Related: $97,708
- Other: $19,074
- Compensation: $0
- Related: $3,120
- Other: $12
Where can I find the form 990 for Sherwood Inn Apartments Inc?
Sherwood Inn Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sherwood Inn Apartments Inc
Sherwood Inn Apartments Inc, as a nonprofit organization, is dedicated to providing low-income housing. Their mission encompasses offering suitable living spaces to individuals who may not otherwise have the means to afford them. By doing so, Sherwood Inn Apartments plays a significant role in contributing to a more equitable society, ensuring that everyone has access to basic housing needs. The organization's mission is centered around the belief that everyone deserves a secure and comfortable living environment, regardless of their financial situation. By providing low-income housing, Sherwood Inn Apartments helps to bridge the gap between those with limited resources and the broader community.
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Impact
October, 2024
Sherwood Inn Apartments Inc has a significant impact on the community by providing essential low-income housing in Bozeman, MT. By offering accessible housing options, they play a crucial role in addressing the challenges faced by individuals and families with limited financial resources. The availability of affordable housing helps to stabilize the living conditions of residents, fostering a sense of security and belonging.
This facility not only meets the immediate need for housing but also contributes to the overall well-being of the community. By ensuring that low-income residents have a place to call home, Sherwood Inn Apartments Inc enhances the social fabric of Bozeman and supports local economic stability. Their mission helps to alleviate homelessness and provide a foundation for individuals to improve their circumstances, further driving positive social outcomes in the region.
This information is meant to be a general summary of Sherwood Inn Apartments 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: $62,441
- Program Service Revenue: $12,156
- Gross Receipts: $78,847
Assets and Liabilities:
- Total Assets: $53,975
- Total Liabilities: $1,977
- Net Assets: $51,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$12,156
Organization Details
Founding Year
2001
Phone
(406) 587-4486Principal Officer
Heather Grenier
Main Address
32 S TRACY AVE, BOZEMAN, MT, 59715
NTEE Category
Code: L21 - Housing
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