Overview
What is Village At The Bluffs Of Colorado S?
Village at The Bluffs of Colorado S is a nonprofit organization located at 3495 American Drive, Colorado Springs, CO 80917. Their primary mission is to provide housing to low-income elderly individuals, in accordance with Section 202 of the National Housing Act, under an agreement with the Department of HUD. This nonprofit organization, known as Village at The Bluffs, is dedicated to offering a supportive living environment for this specific demographic. With a team of five employees, they aim to improve the quality of life for their residents by providing them with a secure and comfortable home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Village At The Bluffs Of Colorado S received a Three-Star rating from Charity Navigator, indicating a solid performance in the realm of accountability and finance. The overall score is entirely derived from a single beacon score focused on financial health, highlighting the organization's commitment to transparency and responsible management of funds.
Strengths of the organization include a perfect score for independent board members and an excellent program expense ratio of 97.60%, which suggests that the majority of funds are directed towards its mission rather than administrative costs. The charity has robust policies in place, including a conflict of interest and whistleblower policy, enhancing its accountability standards.
However, the organization did face a significant challenge with a liabilities to assets ratio of 151.38%, indicating a concerning level of debt relative to its assets. This aspect raises questions about the financial sustainability of the organization, suggesting that while operational practices are strong, financial stability needs attention for future viability.
This AI summary has been generated from information found on Charity Navigator.
Is Village At The Bluffs Of Colorado S legitimate?
Village At The Bluffs Of Colorado S is a legitimate nonprofit organization registered as a 501(c)(3) entity. Village At The Bluffs Of Colorado S 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: $112,556
For more financial information, click here
What is the mission statement of Village At The Bluffs Of Colorado S?
The Village At The Bluffs of Colorado S, as part of its mission, provides housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. This is done under an agreement with the Department of Housing and Urban Development (HUD). The organization's primary goal is to offer a living space for this specific demographic, ensuring they have a secure and suitable residence. By doing so, the Village At The Bluffs of Colorado S contributes to the well-being and comfort of elderly individuals who may face financial constraints.
Who is the CEO of Village At The Bluffs Of Colorado S?
Pat Urban is the Asst Treas/S of Village At The Bluffs Of Colorado S.
What is the revenue of Village At The Bluffs Of Colorado S?
Village At The Bluffs Of Colorado S's revenue in 2022 was $472,552.
Who are the executives of Village At The Bluffs Of Colorado S and what are their salaries?
The average compensation at Village At The Bluffs Of Colorado S during 2022 was $22,511. There are 5 employees at Village At The Bluffs Of Colorado S.
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Where can I find the form 990 for Village At The Bluffs Of Colorado S?
Village At The Bluffs Of Colorado S's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Village At The Bluffs Of Colorado S
Village at The Bluffs of Colorado S is dedicated to providing housing for low-income elderly individuals, adhering to Section 202 of the National Housing Act. Under an agreement with the Department of Housing and Urban Development (HUD), this nonprofit organization offers a safe and comfortable living environment for this specific demographic. The mission of Village at The Bluffs of Colorado S is centered around ensuring that elderly individuals with limited income have access to suitable housing, thereby enhancing their quality of life.
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Impact
July, 2024
Village At The Bluffs Of Colorado S provides affordable housing to low-income elderly persons under Section 202 of the National Housing Act through an agreement with the Department of HUD. This organization plays a crucial role in addressing the housing needs of the elderly in Colorado Springs, CO. Their impact is significant as they offer safe and affordable housing options for a vulnerable population, ensuring they have a comfortable and secure living environment. By fulfilling this mission, Village At The Bluffs Of Colorado S positively impacts the lives of elderly individuals by providing them with a place to call home.
This information is meant to be a general summary of Village At The Bluffs Of Colorado S. 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: $1,370
- Program Service Revenue: $471,182
- Gross Receipts: $472,552
Assets and Liabilities:
- Total Assets: $2,526,811
- Total Liabilities: $3,761,959
- Net Assets: -$1,235,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL OF HSG TO ELDERLY
Revenue
$471,182
Organization Details
Founding Year
2002
Phone
(719) 550-8140Principal Officer
Pat Urban
Main Address
3495 AMERICAN DRIVE, COLORADO SPRINGS, CO, 80917
NTEE Category
Code: L22 - Housing
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