Overview
What is Ithaka Land Inc?
Ithaka Land Inc, situated in Colorado Springs, Colorado, is a nonprofit organization committed to offering safe, affordable, and supportive transitional housing to approximately 100 residents. This diverse group includes seniors, immigrants, families in crisis, those transitioning from incarceration, and individuals at risk of homelessness. Ithaka has been serving the community for 40 years, helping low-income individuals secure stable, long-term housing and achieve their self-determined life goals. Their mission is to help break the cycle of poverty and homelessness, providing not only housing but also essential support to empower their residents and foster a sense of community.
Official website here: www.ithakahousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95%, Four-Star out of Four Star rating.
Ithaka Land Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating strong performance in both accountability and financial management. With an overall score of 95%, the organization excels particularly in its Accountability & Finance score of 96, showcasing its effective use of resources and transparency in financial reporting.
The organization also demonstrates a solid commitment to community engagement, earning a Culture & Community score of 90. Feedback from constituents is overwhelmingly positive, reflected in a perfect score of 100 in areas such as feedback collection and usage, highlighting Ithaka Land Inc's active efforts to incorporate community insights into their operations.
While the overall performance is commendable, the Equity Strategies™ score of 85 suggests there may still be room for improvement in equity-related practices. Nevertheless, with a low liabilities to assets ratio and a high program expense ratio, Ithaka Land Inc continues to maintain a strong financial foundation focused on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Ithaka Land Inc legitimate?
Ithaka Land Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ithaka Land 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: $63,846
Professional Fundraising Fees: $0
Other Salaries and Wages: $299,888
For more financial information, click here
Official website here: www.ithakahousing.org
What is the mission statement of Ithaka Land Inc?
Ithaka Land Inc's mission is focused on helping individuals escape the persistent cycles of poverty and homelessness. By offering secure, long-term housing, the organization aims to provide a foundation for residents to envision and pursue a self-determined life path. Over the past four decades, Ithaka has been a steadfast provider of affordable and supportive housing services, catering to a diverse range of individuals, including seniors, immigrants, families in crisis, those leaving incarceration, and the homeless. The organization is deeply committed to fostering a supportive community among its residents, enabling them to chart their own life course with self-directed purpose.
Official website here: www.ithakahousing.org
Who is the CEO of Ithaka Land Inc?
Larry Boatright is the Chair of Ithaka Land Inc.
Official website here: www.ithakahousing.org
What is the revenue of Ithaka Land Inc?
Ithaka Land Inc's revenue in 2022 was $656,977.
Official website here: www.ithakahousing.org
Who are the executives of Ithaka Land Inc and what are their salaries?
The average compensation at Ithaka Land Inc during 2022 was $45,467. There are 8 employees at Ithaka Land Inc.
Here are 6 key members and their salaries:
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- Compensation: $63,846
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- Other: $850
Official website here: www.ithakahousing.org
Where can I find the form 990 for Ithaka Land Inc?
Ithaka Land Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ithakahousing.org
Learn more at the official website: www.ithakahousing.org
Mission Statement of Ithaka Land Inc
Ithaka Land Inc, a non-profit organization, is dedicated to assisting individuals in breaking free from the cycle of poverty and homelessness. Their primary mission is to provide stable, long-term housing solutions and empower residents to envision and achieve self-directed lives. Over the past four decades, Ithaka has been a beacon of hope for an estimated 100 residents, offering safe and affordable transitional housing to a diverse range of people, including seniors, immigrants, families in crisis, those leaving incarceration, and the homeless. Ithaka's commitment extends beyond mere housing, as they strive to create a supportive community where residents can find the resources and encouragement they need to rebuild their lives.
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Impact
July, 2024
Ithaka Land Inc's impact can be seen in its commitment to helping people overcome the cycle of poverty and homelessness by providing safe, affordable, and supportive transitional housing services for approximately 100 residents, including seniors, immigrants, families in housing crisis, individuals leaving incarceration, and those transitioning out of homelessness. Ithaka has been dedicated to housing low-income members of the community for 40 years, aiming to provide support and a sense of community to all residents so they can achieve a self-determined vision for their lives.
This information is meant to be a general summary of Ithaka Land 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: $208,050
- Program Service Revenue: $195,351
- Gross Receipts: $656,977
Assets and Liabilities:
- Total Assets: $3,695,218
- Total Liabilities: $439,826
- Net Assets: $3,255,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Family Program
Revenue
$83,972
Senior Program
Revenue
$55,994
Individual Program
Revenue
$55,385
Organization Details
Founding Year
1981
Phone
(719) 578-1629Principal Officer
Larry Boatright
Main Address
321 Mesa Road, Colorado Springs, CO, 80905
Website
www.ithakahousing.orgNTEE Category
Code: C340 - Environment
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