Overview
What is Sapphire Homes Inc?
Sapphire Homes Inc is a nonprofit organization dedicated to serving the elderly living on a limited income. Their primary mission is to provide rental assistance, enabling these individuals to reside in their low-income retirement apartments. With the support of rural development, Sapphire Homes subsidizes 24 housing units, and currently, 23.5 of these units are inhabited by elderly residents, with an average age of 72.1 years. The organization aims to fill all 24 units with eligible tenants, as per their mission, with 21 currently occupied. Sapphire Homes Inc is committed to supporting this demographic, offering them a safe and comfortable living environment.
Is Sapphire Homes Inc legitimate?
Sapphire Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sapphire Homes 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.
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What is the mission statement of Sapphire Homes Inc?
Sapphire Homes Inc's mission is centered around providing rental assistance for elderly individuals with low income. This non-profit organization operates 24 retirement apartments, with a majority of them currently occupied by senior residents averaging 72.1 years old. The rental units are subsidized by rural development, and all of them are eligible for such assistance. however, only 21 units are currently occupied at the moment. The primary objective of Sapphire Homes is to offer a living solution for this demographic, aiming to facilitate their retirement years with affordable housing options.
Who is the CEO of Sapphire Homes Inc?
Cole Harden is the Vice President of Sapphire Homes Inc.
What is the revenue of Sapphire Homes Inc?
Sapphire Homes Inc's revenue in 2022 was $198,578.
Who are the executives of Sapphire Homes Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Sapphire Homes Inc?
Sapphire Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sapphire Homes Inc
Sapphire Homes Inc is dedicated to providing rental assistance for low-income elderly individuals. With a mission to cater to this specific demographic, Sapphire Homes offers 24 units of low income retirement apartments. The organization is aided in its mission by rural development subsidies, which have allowed 23.5 of these units to be occupied. The residents of these apartments, on average, are 72.1 years old, demonstrating the organization's focus on the elderly population. However, it's worth noting that not all units are currently filled, with only 21 being occupied at the moment. Sapphire Homes Inc's mission is to make a significant impact in the lives of elderly individuals by offering them affordable and accessible housing options.
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Impact
October, 2024
Sapphire Homes Inc significantly impacts the community by providing essential housing for low-income elderly individuals, which addresses a critical need in Hamilton, Montana. With a total of 24 rental units designated for this demographic, the organization plays a vital role in ensuring access to affordable living spaces for seniors who often face economic challenges.
The average resident age of 72.1 years highlights the organization’s focus on elderly care, offering a supportive environment where seniors can live safely and comfortably. With the assistance of rural development, Sapphire Homes has successfully occupied 23.5 of its units, demonstrating its effectiveness in serving the community. By providing rental assistance, Sapphire Homes alleviates financial burdens for its residents, allowing them to focus on their well-being and quality of life rather than housing insecurity.
Overall, Sapphire Homes Inc fosters a sense of community and security among elderly residents, contributing positively to their lives and enhancing the overall quality of life for low-income seniors in the region.
This information is meant to be a general summary of Sapphire Homes 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: $11
- Program Service Revenue: $198,567
- Gross Receipts: $198,578
Assets and Liabilities:
- Total Assets: $482,545
- Total Liabilities: $821,349
- Net Assets: -$338,804
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES & CONTRACTS GOV AGEN
Revenue
$58,997
LAUNDRY
Revenue
$1,009
OTHER INCOME
Revenue
$7,206
RD ASSISTANCE
Revenue
$41,942
RENT
Revenue
$89,413
Organization Details
Founding Year
1987
Phone
(406) 363-2800Principal Officer
Cole Harden
Main Address
501 N 10TH ST, HAMILTON, MT, 59840
NTEE Category
Code: L22Z - Housing
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