Overview
What is Cottonwood Ridge Apartments?
Cottonwood Ridge Apartments is a nonprofit organization located in Springfield, MN, dedicated to catering to the residential, emotional, and physical needs of very low-income elderly residents. They operate a 24-unit multi-family housing project, preserving their mission to provide Housing Services For The Elderly. This mission involves tailoring their facilities and services to meet the specific needs of their elderly residents, ensuring they live comfortably and securely.
Official website here: www.sjlhome.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
Cottonwood Ridge Apartments has achieved a 97% score, reflecting a strong commitment to accountability and finance, resulting in a prestigious Four-Star rating. This rating emphasizes the organization's financial health and governance practices, as the score is derived exclusively from its accountability and finance beacon.
Key strengths include an entirely independent board of directors, which has been recognized with full marks for both independence and size. The organization has demonstrated robust financial practices, with a low liabilities-to-assets ratio and a high percentage of expenses directed towards programs. Additionally, it has clear policies in place, such as conflict of interest and whistleblower policies, which enhance its operational integrity.
While the data highlights impressive governance and financial metrics, there are no noted limitations or areas for improvement in the available information. Overall, Cottonwood Ridge Apartments stands out as a well-managed nonprofit, ensuring transparency and accountability in its operations.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Cottonwood Ridge Apartments?
100% of 12 reviewers on Facebook recommend Cottonwood Ridge Apartments. Here is a summary of their reviews:
The reviews reflect a strong sense of appreciation for the supportive and compassionate environment at Cottonwood Ridge Apartments. Many of the comments highlight the dedicated work of the staff, emphasizing their empathy and commitment to providing quality care. The sense of community and family fostered within the apartment complex is frequently praised by users.
Overall, the sentiment towards Cottonwood Ridge Apartments is overwhelmingly positive, with reviewers expressing satisfaction with the services and support provided. The positive experiences shared by users suggest that the nonprofit effectively fulfills its mission and meets their residents' needs.
This AI summary has been generated from reviews found on Facebook.
Is Cottonwood Ridge Apartments legitimate?
Cottonwood Ridge Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottonwood Ridge Apartments 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.sjlhome.com
What is the mission statement of Cottonwood Ridge Apartments?
Cottonwood Ridge Apartments is dedicated to offering housing facilities and services that cater to the emotional, housing, and physical needs of elderly residents with low income. This mission is accomplished through a 24-unit multi-family housing project, which is specifically designed to provide Housing Services For The Elderly. The goal is to ensure that these individuals have a suitable living environment that meets their unique needs. The project in Springfield, MN, serves as a testament to its commitment to supporting the elderly population in need.
Official website here: www.sjlhome.com
Who is the CEO of Cottonwood Ridge Apartments?
Lindsey Beyer is the Administrator of Cottonwood Ridge Apartments.
Official website here: www.sjlhome.com
What is the revenue of Cottonwood Ridge Apartments?
Cottonwood Ridge Apartments's revenue in 2022 was $92,681.
Official website here: www.sjlhome.com
Who are the executives of Cottonwood Ridge Apartments and what are their salaries?
There 9 volunteers at Cottonwood Ridge Apartments.
Here are 11 key members and their salaries:
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- Related: $86,825
- Other: $3,900
- Compensation: $0
- Related: $70,104
- Other: $3,256
Official website here: www.sjlhome.com
Where can I find the form 990 for Cottonwood Ridge Apartments?
Cottonwood Ridge Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sjlhome.com
Learn more at the official website: www.sjlhome.com
Mission Statement of Cottonwood Ridge Apartments
Cottonwood Ridge Apartments is committed to delivering housing services specifically catered to the emotional, residential, and physical needs of elderly individuals with low income. This mission is accomplished through a 24-unit multi-family housing project, which serves as a hub for providing Housing Services For The Elderly. Located in Springfield, MN, Cottonwood Ridge Apartments is dedicated to ensuring the well-being and comfort of its residents, offering them a secure living environment that addresses their unique needs.
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Impact
October, 2024
Cottonwood Ridge Apartments significantly impacts the community by providing essential housing services tailored specifically for very low-income elderly residents in Springfield, MN. By offering 24 multi-family housing units, it creates a supportive living environment that addresses not only the physical needs of its residents but also their emotional well-being. This focus on comprehensive support ensures that elderly individuals can maintain a sense of dignity and belonging while accessing safe and affordable housing. The project plays a crucial role in enhancing the quality of life for these residents, helping to alleviate housing insecurity and fostering a sense of community among its inhabitants. Overall, Cottonwood Ridge Apartments is a vital resource that contributes to the stability and health of vulnerable older adults in the area.
This information is meant to be a general summary of Cottonwood Ridge Apartments. 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: $200
- Program Service Revenue: $92,481
- Gross Receipts: $92,681
Assets and Liabilities:
- Total Assets: $447,389
- Total Liabilities: $147,947
- Net Assets: $299,442
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT SERVICE REVEN
Revenue
$89,431
LAUNDRY/VENDING SERVIC
Revenue
$3,050
Organization Details
Founding Year
1997
Phone
(507) 723-4500Principal Officer
Lindsey Beyer
Main Address
712 E COTTONWOOD ST, SPRINGFIELD, MN, 560871167
Website
www.sjlhome.comNTEE Category
Code: L80 - Housing
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