Overview
What is Steele County Transitional Housing Inc?
Steele County Transitional Housing Inc, situated in Owatonna, Minnesota, is a nonprofit organization dedicated to assisting individuals struggling with housing affordability. As an interfaith group, they extend their support to individuals in Steele County who are facing housing challenges. Their mission involves responding to housing needs within the community and collaborating with various groups to create, locate, and facilitate access to affordable housing options. The organization, with a team of five employees, works tirelessly to help individuals secure and maintain affordable living facilities when their income falls short of meeting housing expenses.
Official website here: www.transitionalhousingsc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Steele County Transitional Housing Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 100% for having a fully independent board, which is essential for ensuring unbiased decision-making and governance. Additionally, they maintain robust oversight with a dedicated Audit and Oversight Committee, further enhancing their financial integrity.
The nonprofit demonstrates a sound financial structure with a low liabilities-to-assets ratio of 11.82%, indicating a healthy balance sheet. The majority of their expenses (82.55%) are directed towards programs, showcasing a strong focus on their mission of providing transitional housing. Their commitment to transparency is evident with well-documented policies related to conflict of interest, whistleblower protections, and document retention.
Overall, Steele County Transitional Housing Inc has established itself as a reliable organization with strong governance and financial practices. However, while the data highlights their strengths, no specific limitations or areas for improvement were mentioned, suggesting a well-managed nonprofit with a solid operational foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Steele County Transitional Housing Inc legitimate?
Steele County Transitional Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Steele County Transitional Housing 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: $68,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,763
For more financial information, click here
Official website here: www.transitionalhousingsc.com
What is the mission statement of Steele County Transitional Housing Inc?
Steele County Transitional Housing Inc's mission is centered around addressing housing needs. As an interfaith organization, it responds to individuals facing housing challenges. The organization works collaboratively with various groups to facilitate the creation, identification, and accessibility of affordable housing options. Its primary goal is to assist individuals in securing and maintaining affordable living facilities, especially when their income falls short of covering housing expenses.
Official website here: www.transitionalhousingsc.com
Who is the CEO of Steele County Transitional Housing Inc?
Julie Anderson is the President of Steele County Transitional Housing Inc.
Official website here: www.transitionalhousingsc.com
What is the revenue of Steele County Transitional Housing Inc?
Steele County Transitional Housing Inc's revenue in 2022 was $513,692.
Official website here: www.transitionalhousingsc.com
Who are the executives of Steele County Transitional Housing Inc and what are their salaries?
The average compensation at Steele County Transitional Housing Inc during 2022 was $31,765. There are 5 employees and 15 volunteers at Steele County Transitional Housing Inc.
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- Compensation: $64,456
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- Other: $3,604
Official website here: www.transitionalhousingsc.com
Where can I find the form 990 for Steele County Transitional Housing Inc?
Steele County Transitional Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.transitionalhousingsc.com
Learn more at the official website: www.transitionalhousingsc.com
Mission Statement of Steele County Transitional Housing Inc
Steele County Transitional Housing Inc, an interfaith organization, is dedicated to addressing the housing needs of individuals in Steele County, Minnesota. Its mission is multifaceted, encompassing the creation, location, and facilitation of affordable housing options. This nonprofit works in collaboration with various groups to address the housing predicament faced by individuals whose income falls short of what is necessary to cover housing expenses. By providing assistance in finding and maintaining affordable living facilities, Steele County Transitional Housing Inc strives to improve the living conditions of its community members, ensuring that everyone has a roof over their heads.
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Impact
July, 2024
Steele County Transitional Housing Inc plays a crucial role in responding to the housing needs of individuals in Steele County, Minnesota. Their mission is to help people find and maintain affordable living arrangements when their income falls short of covering housing expenses. By working with various groups and communities, this organization contributes to the creation, identification, and access to affordable housing options. Through their dedicated efforts, Steele County Transitional Housing Inc positively impacts the lives of many individuals by addressing a fundamental need for secure housing.
This information is meant to be a general summary of Steele County Transitional Housing 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: $274
- Gross Receipts: $528,091
Assets and Liabilities:
- Total Assets: $311,175
- Total Liabilities: $36,799
- Net Assets: $274,376
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Organization Details
Founding Year
1999
Phone
(507) 446-9315Principal Officer
Julie Anderson
Main Address
155 OAKDALE ST 212, OWATONNA, MN, 55060
NTEE Category
Code: L82 - Housing
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