Overview
What is Saratoga Court Inc?
Saratoga Court Inc is a nonprofit organization situated in Foster City, California, specifically at 303 Vintage Park Drive 250. Its primary mission is to offer housing and essential services for elderly and disabled individuals, catering to their physical, social, and psychological needs. This organization works in conjunction with related organizations, such as Midpen Housing Corporation, to provide safe, affordable, high-quality housing to those in need. By doing so, they aim to establish stability and opportunities in the lives of their residents and foster diverse communities that promote dignity, harmony, and mutual respect among people from various ethnic, social, and economic backgrounds.
Official website here: www.midpen-housing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Saratoga Court Inc has received a rating of 82%, reflecting a strong emphasis on accountability and finance. This score is derived from its performance in various financial metrics, showcasing a commitment to responsible financial management. The organization has achieved perfect scores in multiple areas, including having an independent board and various policies that ensure transparency and proper governance.
The nonprofit's program expense ratio stands at an impressive 94.84%, indicating that a significant portion of its expenses is allocated directly to its programs rather than administrative costs. However, the liabilities to assets ratio is notably high at 276.17%, which may raise concerns regarding its financial health and ability to manage debts. This imbalance suggests a potential risk that could affect the organization's long-term sustainability.
Overall, while Saratoga Court Inc demonstrates strong accountability through its governance structures and efficient program funding, the high liabilities may warrant attention. Prospective donors may want to consider these financial indicators when evaluating the organization's overall stability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Saratoga Court Inc legitimate?
Saratoga Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saratoga Court 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: $43,529
For more financial information, click here
Official website here: www.midpen-housing.org
What is the mission statement of Saratoga Court Inc?
Saratoga Court Inc, in partnership with related organizations, strives to provide safe, high-quality, and affordable housing to individuals in need. The mission is also focused on establishing stability and opportunities in the lives of residents. Furthermore, the organization seeks to foster diverse communities where people from various ethnic, social, and economic backgrounds can live with dignity, harmony, and mutual respect.
Official website here: www.midpen-housing.org
Who is the CEO of Saratoga Court Inc?
Matthew O Franklin is the Ceo/President/Asst. Secretary of Saratoga Court Inc. The CEO's salary of Saratoga Court Inc is $0 and their total compensation is $660,095.
Official website here: www.midpen-housing.org
What is the revenue of Saratoga Court Inc?
Saratoga Court Inc's revenue in 2022 was $488,867.
Official website here: www.midpen-housing.org
Who are the executives of Saratoga Court Inc and what are their salaries?
Here are 19 key members and their salaries (Saratoga Court Inc's CEO's salary is $0 and their total compensation is $660,095):
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- Related: $606,526
- Other: $53,569
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- Related: $402,180
- Other: $21,754
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- Related: $420,159
- Other: $55,781
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- Related: $459,933
- Other: $42,379
- Compensation: $0
- Related: $292,945
- Other: $43,099
Official website here: www.midpen-housing.org
Where can I find the form 990 for Saratoga Court Inc?
Saratoga Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midpen-housing.org
Learn more at the official website: www.midpen-housing.org
Mission Statement of Saratoga Court Inc
Saratoga Court Inc, in conjunction with related organizations, is dedicated to a mission that aims to provide safe and affordable housing of high quality to individuals in need. The organization strives to establish stability and opportunities in the lives of its residents, fostering diverse communities that allow people from various ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect. By successfully executing this mission, Saratoga Court Inc contributes to the well-being and betterment of its community, promoting a sense of unity and respect among its residents.
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Impact
July, 2024
Saratoga Court Inc plays a crucial role in providing safe and affordable housing of high quality to elderly and disabled individuals. By meeting their physical, social, and psychological needs, the organization helps establish stability and opportunity in residents' lives. Additionally, Saratoga Court Inc contributes to fostering diverse communities where individuals from all ethnic, social, and economic backgrounds can live in dignity, harmony, and mutual respect. Through its dedication to housing and supporting vulnerable populations, Saratoga Court Inc significantly impacts the well-being and quality of life of those it serves.
This information is meant to be a general summary of Saratoga Court 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: $681
- Program Service Revenue: $87,933
- Gross Receipts: $488,867
Assets and Liabilities:
- Total Assets: $748,603
- Total Liabilities: $2,067,429
- Net Assets: -$1,318,826
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$87,228
OTHER INCOME
Revenue
$705
Organization Details
Founding Year
1991
Phone
(650) 356-2900Principal Officer
Matthew O Franklin
Main Address
303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA, 94404
Website
www.midpen-housing.orgNTEE Category
Code: L21Z - Housing
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