Overview
What is The Salvation Army Colorado Springs Res Inc?
The Salvation Army Colorado Springs Res Inc is a nonprofit organization situated in Rancho Palos Verdes, California. Specifically, it operates as a subsidized apartment complex, offering affordable housing options to elderly or handicapped individuals with low income. This charitable institution provides a vital service, ensuring that these individuals have access to safe and comfortable living spaces. With a dedicated workforce of six employees, The Salvation Army Colorado Springs Res Inc plays a vital role in supporting and enhancing the lives of its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Salvation Army Colorado Springs Res Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid overall score based entirely on its Accountability & Finance metrics. An Accountability & Finance score of 79 suggests that the organization maintains a commendable level of financial integrity and transparency in its operations.
The organization demonstrates strengths in governance, with 100% of its board members being independent. It also has robust financial practices, evidenced by a program expense ratio of 96.48%, meaning that a significant majority of its funding is directed towards its mission-related activities. The presence of well-established policies regarding conflict of interest, whistleblower protection, and document retention further supports its accountability framework.
However, while the charity shows strong performance in financial oversight and board independence, the overall score indicates room for improvement in other areas of its operations. Prospective donors and volunteers may wish to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Salvation Army Colorado Springs Res Inc legitimate?
The Salvation Army Colorado Springs Res Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Salvation Army Colorado Springs Res 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: $85,677
For more financial information, click here
What is the mission statement of The Salvation Army Colorado Springs Res Inc?
The Salvation Army Colorado Springs Residences Inc is a non-profit organization that offers subsidized housing for low-income elderly or handicapped individuals. Its primary mission is to provide a comfortable living space for those in need, ensuring they have a dignified and secure residence. The organization aims to alleviate housing challenges for this demographic, promoting their overall well-being and independence. It serves as a vital resource in the community, offering a supportive living environment that respects the dignity and independence of its residents.
Who is the CEO of The Salvation Army Colorado Springs Res Inc?
Douglas Riley is the President of The Salvation Army Colorado Springs Res Inc.
What is the revenue of The Salvation Army Colorado Springs Res Inc?
The Salvation Army Colorado Springs Res Inc's revenue in 2022 was $512,223.
Who are the executives of The Salvation Army Colorado Springs Res Inc and what are their salaries?
The average compensation at The Salvation Army Colorado Springs Res Inc during 2022 was $14,280. There are 6 employees at The Salvation Army Colorado Springs Res Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $50,544
- Other: $31,109
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $48,289
- Other: $23,378
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $40,503
- Other: $23,766
- Compensation: $0
- Related: $28,990
- Other: $25,787
- Compensation: $0
- Related: $27,234
- Other: $25,787
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $26,429
- Other: $20,630
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $12,271
- Other: $10,315
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Salvation Army Colorado Springs Res Inc?
The Salvation Army Colorado Springs Res Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Salvation Army Colorado Springs Res Inc
The Salvation Army Colorado Springs Residences Inc is a non-profit organization that is dedicated to providing subsidized housing for individuals who are elderly or have disabilities and fall under the category of low income. This charitable apartment complex serves as a sanctuary for these individuals, offering them the necessary accommodation they require. By offering subsidized housing, this non-profit organization is able to make a significant impact in the lives of those who may otherwise struggle to afford decent housing. The mission of The Salvation Army Colorado Springs Residences Inc is to provide a safe and affordable living environment for its residents, thereby contributing to their overall well-being and quality of life.
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Impact
July, 2024
The impact of The Salvation Army Colorado Springs Res Inc is profound in providing subsidized housing to low-income elderly or handicapped persons. By offering affordable housing options, this nonprofit apartment complex plays a crucial role in enhancing the quality of life for vulnerable populations in need of support. Through their mission of providing subsidized housing, they are helping to address the pressing issue of housing insecurity among low-income individuals, particularly the elderly and handicapped, in the community.
This information is meant to be a general summary of The Salvation Army Colorado Springs Res 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: $500
- Program Service Revenue: $184,510
- Gross Receipts: $512,223
Assets and Liabilities:
- Total Assets: $1,318,272
- Total Liabilities: $1,371,981
- Net Assets: -$53,709
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$184,510
Organization Details
Founding Year
1991
Principal Officer
Douglas Riley
Main Address
30840 HAWTHORNE BLVD, RANCHO PALOS VERDES, CA, 90275
NTEE Category
Code: L22Z - Housing
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