Overview
What is Littleton Section 8 Housing Co?
Littleton Section 8 Housing Co is a nonprofit organization situated in Littleton, Colorado. With a team of 61 dedicated professionals, their primary mission is to manage and finance a low-income assisted living center specifically designed for the elderly. This involves overseeing the day-to-day operations of the facility, ensuring it provides a safe and supportive environment for its elderly residents. The organization's work is instrumental in making affordable living options accessible to the elderly population in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%
Littleton Section 8 Housing Co has received a Two-Star out of Four Star rating from Charity Navigator, based on an overall score that emphasizes its accountability and finance practices. The rating reflects a strong emphasis on financial transparency and governance, with all board members being independent, which is a positive indicator of its commitment to ethical management.
The organization demonstrates solid financial health, as evidenced by a 0.00% liabilities to assets ratio and a program expense ratio of 100.00%. This suggests that all of its resources are being effectively channeled towards its mission. Additionally, the documentation of board meeting minutes indicates a level of transparency that can inspire trust among stakeholders.
Despite these strengths, the overall score of 67% suggests room for improvement in certain areas. While the organization has excelled in maintaining accountability and demonstrated a lack of material diversions of assets, enhancing other operational aspects could lead to a better overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Littleton Section 8 Housing Co legitimate?
Littleton Section 8 Housing Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Littleton Section 8 Housing Co 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: $1,525,969
For more financial information, click here
What is the mission statement of Littleton Section 8 Housing Co?
Littleton Section 8 Housing Company is committed to overseeing the financial operations and management of a low-income assisted living center, specifically catering to the elderly. Their mission is centered around providing a suitable living environment for elderly individuals with limited financial resources. The organization's main objectives are to ensure the smooth functioning and maintenance of the facility, thereby offering a comfortable and secure living space for its elderly residents.
Who is the CEO of Littleton Section 8 Housing Co?
Corey Reitz is the President of Littleton Section 8 Housing Co.
What is the revenue of Littleton Section 8 Housing Co?
Littleton Section 8 Housing Co's revenue in 2022 was $1,670,072.
Who are the executives of Littleton Section 8 Housing Co and what are their salaries?
The average compensation at Littleton Section 8 Housing Co during 2022 was $25,016. There are 61 employees at Littleton Section 8 Housing Co.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Littleton Section 8 Housing Co?
Littleton Section 8 Housing Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Littleton Section 8 Housing Co
Littleton Section 8 Housing Co is dedicated to providing financing and managing operations for a low-income assisted living center specifically designed for the elderly. This nonprofit organization's mission is centered around ensuring that elderly individuals with limited financial resources have access to a safe and supportive living environment. By taking on the financial and operational responsibilities of the center, Littleton Section 8 Housing Co enables these elderly residents to focus on their well-being and daily living, rather than worrying about the practicalities of maintaining their living situation. In essence, this nonprofit aims to enhance the quality of life for the elderly by providing them with a stable and affordable living environment.
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Impact
July, 2024
Littleton Section 8 Housing Co plays a crucial role in financing operations and managing a low-income assisted living center for the elderly in the city of Littleton, Colorado. By providing affordable housing options for the elderly in need, this organization directly impacts the lives of vulnerable individuals, ensuring they have a safe and comfortable place to live. The services offered by Littleton Section 8 Housing Co contribute to addressing housing insecurity among the elderly population and promoting their overall well-being.
This information is meant to be a general summary of Littleton Section 8 Housing Co. 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.
- Program Service Revenue: $1,670,072
- Gross Receipts: $1,670,072
Assets and Liabilities:
- Total Assets: $87,961
- Total Liabilities: $0
- Net Assets: $87,961
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT OF LOW INCOME
Revenue
$1,670,072
Organization Details
Founding Year
1979
Phone
(303) 347-9755Principal Officer
Corey Reitz
Main Address
5808 S RAPP ST APT 100, Littleton, CO, 80120
NTEE Category
Code: L400 - Housing
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