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Zumbro Ridge Estates Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 821446789 ✦ Rochester, MN ✦ Designated as a 501(c)(3)

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Overview

What is Zumbro Ridge Estates Inc?

Zumbro Ridge Estates Inc is a nonprofit organization situated in Rochester, Minnesota, dedicated to addressing the housing needs of low-income families. Their primary mission is to provide affordable housing solutions through the operation of a membership-owned mobile home park. By offering this service, Zumbro Ridge Estates strives to make housing more accessible for families who may otherwise struggle with high housing costs, thereby contributing to the community's overall social welfare.


Official website here: www.zumbroridgeestatesinc.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 70%)

Zumbro Ridge Estates Inc has received a Two-Star rating from Charity Navigator, indicating that while it meets some standards for accountability and financial management, there are areas that require significant improvement. The organization boasts a fully independent board, which is a positive feature, but it lacks financial statements that would provide transparency regarding its operations. The program expense ratio is commendable at 99.31%, suggesting that a substantial portion of its resources is directed towards its mission.

User feedback on Great Nonprofits paints a picture of a community-focused organization that is committed to enhancing the living experience for its residents. A board member highlighted the nonprofit’s efforts to create an affordable mobile home community, emphasizing various community enhancement projects such as playgrounds and after-school programs. This grassroots approach demonstrates the organization’s engagement with its members and their needs.

Despite the positive community impact and initiatives underway, the lack of financial documentation may raise concerns for potential donors about the organization's financial practices. The nonprofit is actively seeking additional funding for its projects, which indicates a reliance on external support to achieve its goals.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

Is Zumbro Ridge Estates Inc legitimate?

Zumbro Ridge Estates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zumbro Ridge Estates 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: $14,124

For more financial information, click here


Official website here: www.zumbroridgeestatesinc.com

What is the mission statement of Zumbro Ridge Estates Inc?

Zumbro Ridge Estates, as an organization, is committed to providing low-income housing solutions. They achieve this by offering affordable housing options through a membership-owned mobile home park. The primary goal is to cater to the housing needs of families with limited income. By providing such housing, Zumbro Ridge Estates aims to contribute positively to these families' living situations, promoting a sense of stability and comfort.


Official website here: www.zumbroridgeestatesinc.com

Who is the CEO of Zumbro Ridge Estates Inc?

Eric Nath is the President of Zumbro Ridge Estates Inc.


Official website here: www.zumbroridgeestatesinc.com

What is the revenue of Zumbro Ridge Estates Inc?

Zumbro Ridge Estates Inc's revenue in 2022 was $551,491.


Official website here: www.zumbroridgeestatesinc.com

Who are the executives of Zumbro Ridge Estates Inc and what are their salaries?

The average compensation at Zumbro Ridge Estates Inc during 2022 was $3,531. There are 4 employees at Zumbro Ridge Estates Inc.


Here are 7 key members and their salaries:


Allie Lechner (Operations M)
  • Compensation: $4,750
  • Related: $0
  • Other: $0
Elizabeth Bruns (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Josh Hollenbach (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amanda Mata (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teena Miliken (Director At)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Nath (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Phelps (Director At)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.zumbroridgeestatesinc.com

Where can I find the form 990 for Zumbro Ridge Estates Inc?

Zumbro Ridge Estates Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.zumbroridgeestatesinc.com

Learn more at the official website: www.zumbroridgeestatesinc.com

Mission Statement of Zumbro Ridge Estates Inc

Zumbro Ridge Estates Inc is a mission-driven organization dedicated to providing low-income housing solutions. With a focus on affordability, this nonprofit offers membership-owned mobile home park accommodations in Rochester, Minnesota. The primary goal of Zumbro Ridge Estates is to make housing accessible for families with limited financial resources. By providing affordable housing options, this nonprofit aims to contribute positively to its community, ensuring that low-income families have a safe and stable living environment.

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Impact




July, 2024

Zumbro Ridge Estates Inc's impact lies in its provision of affordable housing options to low-income families in Rochester, MN. Through a membership-owned mobile home park, the organization offers a solution to the pressing issue of housing affordability, allowing individuals and families in need to access safe and stable living conditions. By addressing this fundamental need, Zumbro Ridge Estates Inc plays a vital role in improving the quality of life for vulnerable populations in the community.




This information is meant to be a general summary of Zumbro Ridge Estates 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.

Revenue
$551,491 (2022)
Expenses
$435,105 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $589
  • Program Service Revenue: $517,692
  • Gross Receipts: $551,491

Assets and Liabilities:

  • Total Assets: $2,682,773
  • Total Liabilities: $2,259,985
  • Net Assets: $422,788

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

LOT RENTAL

Revenue

$471,488

RENTAL INCOME

Revenue

$24,800

REIMBURSEMENTS

Revenue

$13,831

LATE FEES

Revenue

$4,305

MISC

Revenue

$1,693

Organization Details

Founding Year

2017

Principal Officer

Eric Nath

Main Address

739 55TH ST NE LOT 4, ROCHESTER, MN, 55906

NTEE Category

Code: L21 - Housing

If you are a representative of Zumbro Ridge Estates Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.