Overview
What is Cheyenne Trails Ii Corporation?
Cheyenne Trails II Corporation is a nonprofit organization situated in Farmington, New Mexico. Their primary focus is on providing affordable housing for the elderly, ensuring their independent living needs are met in a specially designed 33-unit complex. This commitment to affordable housing is essential to their mission, aiming to enhance the living conditions and independence of senior citizens in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Cheyenne Trails II Corporation has received a low rating of 58%, which reflects significant concerns regarding its financial accountability and transparency. The rating is derived solely from the Accountability & Finance beacon, indicating that while certain aspects of governance are strong, there are critical areas that need improvement. Notably, the organization has an independent board with a majority of members, which is a positive sign for governance.
Strengths include a high program expense ratio of 85.20%, suggesting that the majority of its funding is directed towards its programs. The organization also demonstrates good practices in documenting board meeting minutes and has no material diversion of assets. However, several critical policies, including conflict of interest, whistleblower, and document retention and destruction policies, are missing, which raises concerns about the organization's overall governance framework.
A significant issue highlighted is the liabilities to assets ratio, which stands at 152.58%, indicating potential financial instability. The lack of critical policy documentation and the absence of financial safety measures pose risks that could affect the organization's sustainability. Overall, while Cheyenne Trails II Corporation shows some strengths, it must address its financial governance shortcomings to improve its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Cheyenne Trails Ii Corporation legitimate?
Cheyenne Trails Ii Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cheyenne Trails Ii Corporation 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: $21,774
For more financial information, click here
What is the mission statement of Cheyenne Trails Ii Corporation?
Cheyenne Trails II Corporation is dedicated to providing affordable housing for elderly individuals living independently. Their mission is to create an environment that caters specifically to the needs of the low-income elderly population. To accomplish this, they have established a 33-unit apartment complex, designed with the elderly in mind. This organization's goal is to ensure that elderly individuals have access to suitable living arrangements without financial strain.
Who is the CEO of Cheyenne Trails Ii Corporation?
Sandy Chancey is the President of Cheyenne Trails Ii Corporation.
What is the revenue of Cheyenne Trails Ii Corporation?
Cheyenne Trails Ii Corporation's revenue in 2022 was $181,880.
Who are the executives of Cheyenne Trails Ii Corporation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Cheyenne Trails Ii Corporation?
Cheyenne Trails Ii Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cheyenne Trails Ii Corporation
Cheyenne Trails II Corporation is dedicated to providing affordable housing for elderly individuals who wish to maintain their independence. This nonprofit organization has constructed a 33-unit apartment complex specifically tailored to meet the unique needs of its elderly residents. The mission of Cheyenne Trails II Corporation is centered around offering a living space that is both affordable and suitable for the elderly, ensuring they can age gracefully with the support they require.
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Impact
October, 2024
Cheyenne Trails II Corporation significantly impacts the community by providing affordable housing specifically tailored for low-income elderly individuals. Located in Farmington, NM, the organization operates a 33-unit apartment complex designed to meet the unique needs of its residents, ensuring they have a comfortable and secure environment. By addressing the challenges faced by the elderly population, Cheyenne Trails II Corporation promotes independent living and enhances the quality of life for its residents, contributing to their well-being and reducing the risk of homelessness among vulnerable seniors. Its mission of offering accessible housing solutions plays a crucial role in supporting the community's aging population.
This information is meant to be a general summary of Cheyenne Trails Ii Corporation. 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: $61
- Program Service Revenue: $94,146
- Gross Receipts: $181,880
Assets and Liabilities:
- Total Assets: $1,122,422
- Total Liabilities: $1,757,774
- Net Assets: -$635,352
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL APARTMENTS
Revenue
$94,146
Organization Details
Founding Year
2002
Principal Officer
Sandy Chancey
Main Address
1816 EAST MOJAVE STREET, FARMINGTON, NM, 87401
NTEE Category
Code: L22 - Housing
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