Overview
What is Golden Spike Inc?
Golden Spike Inc is a nonprofit organization located in Denver, Colorado, dedicated to offering affordable housing solutions to low-income elderly and disabled individuals. Their primary project, funded by the HUD, consists of 200 units, specifically designed to accommodate individuals with complex needs, such as those who are chronically mentally ill. This initiative aims to provide a supportive living environment for these vulnerable groups, ensuring they have access to essential resources. Golden Spike's mission aligns with the broader goal of providing a safe and affordable living space for individuals who may face challenges in securing such accommodations elsewhere.
Official website here: www.archhousing.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Golden Spike Inc has earned a score of 81% from Charity Navigator, reflecting a solid commitment to accountability and financial standards. The organization excels in several areas, with a perfect score for independent board members and strong financial oversight, indicating that it maintains a robust governance structure. Furthermore, the high program expense ratio suggests that a significant portion of its finances is directed towards its charitable activities.
Despite its strengths, Golden Spike Inc does face a notable limitation with its liabilities to assets ratio, which is above 100%. This raises concerns about the organization's financial leverage and stability, as higher liability levels in relation to assets may pose risks to its sustainability. This aspect is critical for potential donors and stakeholders to consider when evaluating the organization's overall financial health.
Overall, while Golden Spike Inc demonstrates strong governance and effective fund allocation, it is important for interested parties to be aware of its financial liabilities. The organization's transparency regarding policies and extensive board independence are commendable, contributing positively to its reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Golden Spike Inc?
84% of 36 reviewers on Facebook recommend Golden Spike Inc. Here is a summary of their reviews:
Many long-time supporters express appreciation for the nonprofit, highlighting their commitment and reliability over the years. One user noted their extensive history with the organization, dating back to their time in Catholic school, indicating a strong, lasting relationship with the services provided.
Overall, the sentiment towards Golden Spike Inc appears positive, with several reviewers emphasizing trust in the organization. This suggests that the nonprofit has successfully met the expectations of those who have engaged with it over the years.
This AI summary has been generated from reviews found on Facebook.
Is Golden Spike Inc legitimate?
Golden Spike Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Spike 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: $0
For more financial information, click here
Official website here: www.archhousing.com
What is the mission statement of Golden Spike Inc?
Golden Spike Inc, as an organization, is dedicated to providing affordable housing to individuals who are both elderly and disabled, falling under the category of low-income earners. Their mission extends to supporting individuals with complex needs, particularly those who are chronically mentally ill. Through a 200-unit HUD-subsidized housing project, they offer a sanctuary where these individuals can reside, promoting a sense of security and stability. This initiative plays a significant role in catering to the housing needs of a specific demographic, ensuring they can live with dignity and independence.
Official website here: www.archhousing.com
Who is the CEO of Golden Spike Inc?
Philip Vottiero is the President/Ce of Golden Spike Inc.
Official website here: www.archhousing.com
What is the revenue of Golden Spike Inc?
Golden Spike Inc's revenue in 2022 was $2,595,643.
Official website here: www.archhousing.com
Who are the executives of Golden Spike Inc and what are their salaries?
There are 6 employees and 8 volunteers at Golden Spike Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $229,373
- Other: $36,232
- Compensation: $0
- Related: $131,091
- Other: $29,734
- Compensation: $0
- Related: $107,021
- Other: $3,450
- Compensation: $0
- Related: $101,346
- Other: $5,678
- 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.archhousing.com
Where can I find the form 990 for Golden Spike Inc?
Golden Spike Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.archhousing.com
Learn more at the official website: www.archhousing.com
Mission Statement of Golden Spike Inc
Golden Spike Inc, a nonprofit organization, is committed to providing affordable housing for low-income elderly and disabled individuals. They achieve this mission through a 200-unit HUD-subsidized housing project. This initiative is particularly beneficial for individuals with complex needs, including those who are chronically mentally ill. The organization's housing project is designed to cater to their unique requirements, making Golden Spike an ideal choice for this vulnerable group.
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Impact
July, 2024
Golden Spike Inc's impact lies in providing affordable housing to low-income elderly and disabled individuals in Denver, Colorado. Through a 200-unit HUD-subsidized housing project, Golden Spike offers support for those who are chronically mentally ill, catering to individuals with complex needs. This initiative not only addresses the housing needs of vulnerable populations but also contributes to enhancing overall well-being and quality of life for those it serves.
This information is meant to be a general summary of Golden Spike 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: $204
- Program Service Revenue: $2,382,476
- Gross Receipts: $2,595,643
Assets and Liabilities:
- Total Assets: $11,788,053
- Total Liabilities: $13,186,261
- Net Assets: -$1,398,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$2,374,480
OTHER REVENUE
Revenue
$7,996
Organization Details
Founding Year
2016
Phone
(303) 830-0215Principal Officer
Philip Vottiero
Main Address
6240 E SMITH ROAD, DENVER, CO, 80216
Website
www.archhousing.comNTEE Category
Code: L21 - Housing
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