Overview
What is Routt County Foundation For Senior Citiz?
Routt County Foundation for Senior Citizens is a nonprofit organization situated in Steamboat Springs, Colorado. Their primary mission is to contribute positively to the public welfare by offering affordable rental housing for senior citizens aged 62 and above, as well as handicapped and/or disabled individuals with low income. They operate this housing in a not-for-profit manner, ensuring that no personal gain is made by the organization or its board members, except for authorized professional services. Their goal is to keep rental charges economical, covering only the construction, operation, and maintenance costs. The foundation aims to establish a wide community base by welcoming diverse membership.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating.
The Routt County Foundation for Senior Citizens has received an 82% rating from Charity Navigator, which indicates a solid level of performance in terms of accountability and financial health. The charity's high scores in various areas, particularly in board independence and financial oversight, suggest that it is effectively managed and operates with a strong commitment to transparency.
Notably, the foundation achieved a perfect score for the independence of board members, with all eight members being independent. Additionally, the organization demonstrated excellent financial practices, as evidenced by its program expense ratio of 88.41%, indicating that a significant portion of its funds is directed towards programs that benefit seniors.
While the organization shows strong financial health and governance, the rating does not highlight specific areas for improvement. Overall, the Routt County Foundation for Senior Citizens appears to be a reliable charity working effectively for its cause without notable liabilities or concerns raised in its financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Routt County Foundation For Senior Citiz legitimate?
Routt County Foundation For Senior Citiz is a legitimate nonprofit organization registered as a 501(c)(3) entity. Routt County Foundation For Senior Citiz 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
For more financial information, click here
What is the mission statement of Routt County Foundation For Senior Citiz?
The Routt County Foundation for Senior Citizens has a mission to contribute positively to the community's public welfare. They aim to accomplish this by offering rental housing for senior citizens aged 62 and above, as well as handicapped and/or disabled individuals with low income. This housing is operated in a not-for-profit manner, ensuring no personal gain for the foundation or its board members, except for authorized professional services. The charges for rental housing are designed to cover construction, operation, and maintenance costs efficiently. Furthermore, the foundation seeks to establish a broad community membership base.
Who is the CEO of Routt County Foundation For Senior Citiz?
Susan Hoffner is the President of Routt County Foundation For Senior Citiz.
What is the revenue of Routt County Foundation For Senior Citiz?
Routt County Foundation For Senior Citiz's revenue in 2022 was $552,895.
Who are the executives of Routt County Foundation For Senior Citiz and what are their salaries?
There 8 volunteers at Routt County Foundation For Senior Citiz.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Routt County Foundation For Senior Citiz?
Routt County Foundation For Senior Citiz's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Routt County Foundation For Senior Citiz
The Routt County Foundation for Senior Citizens is committed to making a substantial impact on public welfare by providing affordable rental housing for seniors aged 62 and above, as well as handicapped and disabled individuals with low income. Operating on a not-for-profit basis, the organization ensures that no personal gains are accrued by the foundation or its board members, except for authorized professional services. The foundation strives to keep rental housing charges at an economical level, merely covering the costs of construction, operation, and maintenance. Furthermore, the Routt County Foundation for Senior Citizens aims to foster a wide community membership base.
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Impact
July, 2024
The Routt County Foundation For Senior Citizens makes a significant impact on the public welfare by providing rental housing for senior citizens age 62 and older or handicapped and/or disabled applicants with low income. They operate in a not-for-profit manner, ensuring that no personal gain accrues to the organization or its leadership. By offering affordable housing options and promoting a sense of community through their services, they provide a valuable resource for seniors in need.
This information is meant to be a general summary of Routt County Foundation For Senior Citiz. 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: $2,765
- Program Service Revenue: $434,578
- Gross Receipts: $552,895
Assets and Liabilities:
- Total Assets: $2,616,161
- Total Liabilities: $893,793
- Net Assets: $1,722,368
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$434,578
Organization Details
Founding Year
1964
Phone
(970) 879-9277Principal Officer
Susan Hoffner
Main Address
PO BOX 770246, STEAMBOAT SPRINGS, CO, 80477
NTEE Category
Code: P75Z - Human services
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