Overview
What is Senior Homes Of Colorado Foundation Inc?
Senior Homes of Colorado Foundation Inc, based in Denver, Colorado, is a nonprofit organization dedicated to providing affordable housing for senior citizens. With approximately 180 low-income residents residing in their rental units, their mission is to create an inviting neighborhood environment that fosters fellowship and cooperative activities. They aim to offer attractive and independent living spaces for seniors, promoting a sense of community among their residents. The organization is staffed by a team of 16 individuals, ensuring the well-being and comfort of the senior population they serve.
Official website here: www.kentuckycircle.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Senior Homes Of Colorado Foundation Inc has received a low rating of 50%, resulting in a One-Star out of Four Stars designation. This rating highlights significant concerns regarding the charity's financial health, particularly its liabilities to assets ratio, which stands at 73.05%, indicating a potential risk in managing its financial obligations. The program expense ratio is notably at 0.00%, suggesting that the organization may not be effectively allocating funds towards its stated mission.
Despite the financial challenges, the foundation demonstrates strengths in governance and transparency. The organization boasts a fully independent board, with 100% of its members being independent, and has a well-documented conflict of interest policy and whistleblower policy in place. Additionally, they've ensured that their website is listed on their tax form and maintain comprehensive records of board meeting minutes.
Overall, while the governance aspects of Senior Homes Of Colorado Foundation Inc are commendable, the financial indicators raise serious questions about its sustainability and effectiveness in fulfilling its charitable purpose. Stakeholders may want to review these factors carefully when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Homes Of Colorado Foundation Inc legitimate?
Senior Homes Of Colorado Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Homes Of Colorado Foundation 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: $0
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Official website here: www.kentuckycircle.org
What is the mission statement of Senior Homes Of Colorado Foundation Inc?
The Senior Homes of Colorado Foundation Inc's mission is centered around providing affordable and alluring independent living accommodations for the elderly. This is accomplished in a community-oriented setting that fosters fellowship and collaborative activities, thereby enriching the senior residents' living experience. The organization's primary goal is to offer a welcoming and attractive environment, currently housing around 180 senior citizens residing in low-income rental units.
Official website here: www.kentuckycircle.org
Who is the CEO of Senior Homes Of Colorado Foundation Inc?
Shea Weaver is the Executive Dir. of Senior Homes Of Colorado Foundation Inc.
Official website here: www.kentuckycircle.org
What is the revenue of Senior Homes Of Colorado Foundation Inc?
Senior Homes Of Colorado Foundation Inc's revenue in 2022 was $188,151.
Official website here: www.kentuckycircle.org
Who are the executives of Senior Homes Of Colorado Foundation Inc and what are their salaries?
There are 16 employees and 1 volunteer at Senior Homes Of Colorado Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $64,254
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Official website here: www.kentuckycircle.org
Where can I find the form 990 for Senior Homes Of Colorado Foundation Inc?
Senior Homes Of Colorado Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kentuckycircle.org
Learn more at the official website: www.kentuckycircle.org
Mission Statement of Senior Homes Of Colorado Foundation Inc
Senior Homes of Colorado Foundation Inc is dedicated to providing affordable and appealing independent living accommodations for senior citizens. Situated in a neighborhood environment, these residences encourage fellowship and cooperative activities among the residents. The organization's mission is to create a welcoming and supportive community for seniors, aiming to enhance their quality of life while promoting a sense of camaraderie and shared activities. With approximately 180 seniors residing in the low-income rental units, Senior Homes of Colorado Foundation Inc plays a significant role in offering affordable housing options to this vulnerable population, thereby providing them with a safe and comfortable living environment.
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Impact
October, 2024
Senior Homes of Colorado Foundation Inc significantly impacts the lives of seniors by providing affordable and attractive independent living housing in a supportive neighborhood environment. With approximately 180 low-income seniors benefiting from its rental units, the foundation fosters a sense of community through promoted fellowship and cooperative activities. This approach not only addresses the critical need for shelter among senior citizens but also enhances their quality of life, encouraging social interaction and mutual support within a vibrant community. By prioritizing affordability and accessibility, Senior Homes of Colorado contributes to the overall well-being and dignity of seniors in Denver, CO.
This information is meant to be a general summary of Senior Homes Of Colorado Foundation 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: $188,151
- Gross Receipts: $188,151
Assets and Liabilities:
- Total Assets: $16,958,879
- Total Liabilities: $12,390,108
- Net Assets: $4,568,771
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Organization Details
Founding Year
1962
Phone
(303) 756-5218Principal Officer
Shea Weaver
Main Address
4901 East Kentucky Circle, Denver, CO, 80246
Website
www.kentuckycircle.orgNTEE Category
Code: L220 - Housing
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