Overview
What is Appletree Court?
Appletree Court is an income-based, senior housing unit established in 1998, situated in Breckenridge, Minnesota. This nonprofit organization, governed by a 10-member board, provides affordable housing for elderly, low-income residents, adjusting rents based on each tenant's income. The rent, which is less than the HUD-established minimum, is supplemented by HUD to ensure tenants can reside in housing of higher quality than they might otherwise afford. Appletree Court offers social and recreational activities for its residents and provides free meeting space to several health-related community groups, such as weight loss and grief support programs. As an affiliate of CommonSpirit Health, Appletree Court aims to improve the health of its residents, particularly the vulnerable, while promoting social justice for all.
Official website here: www.see sch o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Stars
Appletree Court has achieved an impressive score of 97%, which is indicative of its strong commitment to accountability and finance. This high rating reflects the organization's robust financial health and responsible governance practices, as evidenced by a perfect score in various key accountability metrics. The organization maintains a majority of independent board members and adheres to best practices regarding conflict of interest and whistleblower policies.
The organization excels in its financial management, with an excellent program expense ratio of 92.92%, indicating that a significant portion of its funding is directed towards its mission-related activities. Additionally, the low liabilities to assets ratio of 26.29% further signifies a solid financial position, ensuring sustainability in pursuing its charitable objectives. This level of fiscal responsibility is critical for fostering donor trust and long-term impact.
Despite the strengths highlighted in its rating, there are no specific limitations mentioned in the data that would detract from its overall performance. The full transparency in its operations, including the availability of board meeting minutes and comprehensive policies, contributes to a positive perception of the organization. Overall, Appletree Court stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Appletree Court legitimate?
Appletree Court is a legitimate nonprofit organization registered as a 501(c)(3) entity. Appletree Court 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
Official website here: www.see sch o
What is the mission statement of Appletree Court?
Appletree Court, an affiliate of Commonspirit Health, is dedicated to improving the health and well-being of vulnerable individuals, particularly the elderly and low-income residents. As an income-based senior housing unit, its primary mission is to provide clean, comfortable, safe, and affordable housing. The housing complex, established in 1998, caters to this specific demographic in the community. The operations of Appletree Court are overseen by a 10-member board of directors and the director, who ensure reduced rents for the tenants, adjusted based on their income. If the rent falls below the HUD established minimum, a difference is made up by HUD to maintain affordability. Appletree Court goes beyond providing housing, offering social and recreational activities for its tenants and providing meeting space for free to several health-related community groups.
Official website here: www.see sch o
Who is the CEO of Appletree Court?
David Nelson is the President/Ceo of Appletree Court. The CEO's salary of Appletree Court is $0 and their total compensation is $425,612.
Official website here: www.see sch o
What is the revenue of Appletree Court?
Appletree Court's revenue in 2022 was $46,278.
Official website here: www.see sch o
Who are the executives of Appletree Court and what are their salaries?
There 7 volunteers at Appletree Court.
Here are 17 key members and their salaries (Appletree Court's CEO's salary is $0 and their total compensation is $425,612):
- Compensation: $0
- Related: $1,233,421
- Other: $51,903
- Compensation: $0
- Related: $573,093
- Other: $37,258
- Compensation: $0
- Related: $389,163
- Other: $36,449
- Compensation: $0
- Related: $232,456
- Other: $41,713
- Compensation: $0
- Related: $156,507
- Other: $40,887
- Compensation: $0
- Related: $54,017
- Other: $25,721
- Compensation: $0
- Related: $54,769
- Other: $15,618
- Compensation: $0
- Related: $28,470
- Other: $11,719
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.see sch o
Where can I find the form 990 for Appletree Court?
Appletree Court's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see sch o
Learn more at the official website: www.see sch o
Mission Statement of Appletree Court
Appletree Court, an income-based senior housing unit, is dedicated to serving the elderly and low-income residents of its community. As an affiliate of CommonSpirit Health, Appletree Court's mission is to embody the healing presence of God in the world by enhancing the health of the people it serves, particularly those who are vulnerable. The organization strives to advance social justice for all.
In practical terms, Appletree Court's mission translates into providing clean, comfortable, safe, and affordable housing for its residents. Established in 1998, this 20-apartment complex offers reduced rents to its tenants, with the rent adjusted based on each tenant's income. If the rent falls below the HUD-established minimum, HUD covers the difference, allowing tenants to live in housing of a higher quality than they could otherwise afford.
Beyond providing housing, Appletree Court also offers social and recreational activities for its tenants. Furthermore, the complex provides meeting space free of charge to several health-related community groups, such as weight loss and grief support initiatives. This commitment to health and wellbeing, coupled with its affordable housing provision, reflects Appletree Court's wider mission to improve the lives of its vulnerable tenants and promote social justice.
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Impact
August, 2024
Appletree Court's impact is profound as it provides clean, comfortable, safe, and affordable housing for elderly, low-income residents in the Breckenridge community. This 20-apartment complex ensures that its tenants have access to higher quality housing than they could afford elsewhere, thanks to adjusted rents based on income. Additionally, the provision of social and recreational activities for the tenants enhances their quality of life. Appletree Court also plays a vital role in the community by offering meeting space to health-related groups free of charge, thus contributing to the overall well-being of its residents and promoting a sense of belonging and support in the community.
This information is meant to be a general summary of Appletree Court. 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: $232
- Program Service Revenue: $44,811
- Gross Receipts: $46,278
Assets and Liabilities:
- Total Assets: $572,897
- Total Liabilities: $104,782
- Net Assets: $468,115
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$44,811
Organization Details
Founding Year
1998
Phone
(218) 643-3000Principal Officer
David Nelson
Main Address
601 OAK STREET, BRECKENRIDGE, MN, 56520
Website
www.see sch oNTEE Category
Code: L210 - Housing
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