Overview
What is Soda Creek Apartments Inc?
Soda Creek Apartments Inc is a nonprofit organization situated in Steamboat Springs, Colorado, with a specific mission to provide housing for individuals with developmental disabilities. The organization was established to construct and manage an 8-unit apartment complex, funded through HUD Section 811. During the year in question, seven individuals resided in the complex, benefiting from rent subsidies under this program. The nonprofit's primary objective is to offer a safe and supportive living environment for these individuals, enabling them to live independently and with dignity.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating
Soda Creek Apartments Inc has received an 80% score from Charity Navigator, indicating a solid level of accountability and financial management. This rating is based exclusively on its strong performance in the Accountability & Finance beacon, showcasing the organization’s commitment to transparency and responsible financial practices.
The charity demonstrates notable strengths, including a fully independent board, with 100% of members being independent. They have no material diversion of assets and actively document board meeting minutes, which adds to their credibility. Additionally, their program expense ratio stands at an impressive 76.36%, reflecting a strong focus on allocating funds towards their mission.
However, while the organization scores well in accountability and financial health, the summary does not provide insights into programmatic impact or community feedback, which are important for assessing overall effectiveness. Overall, Soda Creek Apartments Inc appears to be a well-managed nonprofit with a focus on financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Soda Creek Apartments Inc legitimate?
Soda Creek Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soda Creek Apartments 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,608
For more financial information, click here
What is the mission statement of Soda Creek Apartments Inc?
Soda Creek Apartments Inc was established with the purpose of constructing and managing an eight-unit apartment complex. This complex is intended to provide housing for seven individuals with developmental disabilities. The project is funded through HUD Section 811, a program that offers rental subsidies for eligible individuals. The mission of Soda Creek Apartments Inc is to provide a suitable living environment for individuals with developmental disabilities, ensuring they have access to necessary resources and support. The apartment complex aims to provide a comfortable and inclusive living space, fostering independence and improving the overall quality of life for its residents.
Who is the CEO of Soda Creek Apartments Inc?
Tatum Heath is the Executive Di of Soda Creek Apartments Inc.
What is the revenue of Soda Creek Apartments Inc?
Soda Creek Apartments Inc's revenue in 2022 was $51,686.
Who are the executives of Soda Creek Apartments Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $116,670
- Other: $0
- Compensation: $0
- Related: $90,042
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Soda Creek Apartments Inc?
Soda Creek Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Soda Creek Apartments Inc
Soda Creek Apartments Inc was established with a mission to construct and manage an eight-unit apartment complex specifically designed to house individuals with developmental disabilities. Funded through HUD Section 811, this initiative aims to provide a living space for seven individuals who qualify for rent subsidies under this program. The organization's mission is centered around ensuring that these individuals have access to a supportive and accommodating living environment, catering to their unique needs and accommodations.
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Impact
August, 2024
Soda Creek Apartments Inc's impact lies in providing housing and support services for individuals with developmental disabilities. By managing an 8-unit apartment complex funded through HUD Section 811, the organization offers a safe and inclusive living environment for seven individuals who qualify for rent subsidies. Through its mission, Soda Creek Apartments Inc contributes to enhancing the quality of life and independence of individuals with disabilities in Steamboat Springs, CO.
This information is meant to be a general summary of Soda Creek Apartments 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: $26
- Program Service Revenue: $29,931
- Gross Receipts: $51,686
Assets and Liabilities:
- Total Assets: $1,699,191
- Total Liabilities: $20,283
- Net Assets: $1,678,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT REVENUE
Revenue
$29,931
Organization Details
Founding Year
2012
Phone
(970) 879-4466Principal Officer
Tatum Heath
Main Address
405 OAK STREET, STEAMBOAT SPRINGS, CO, 804774867
NTEE Category
Code: L20 - Housing
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