Overview
What is Senior Housing Options Inc?
Senior Housing Options Inc, established in Denver, Colorado, is a nonprofit organization with a mission to offer affordable housing and supportive services for elderly individuals. Situated at 1510 17TH STREET, this organization operates primarily in the Colorado metropolitan area and other communities within the state. With a workforce of 250 employees, Senior Housing Options Inc aims to provide a nurturing environment where older adults can reside, ensuring their well-being through quality services. The organization's activities are centered around promoting and managing rental housing for low-income elderly individuals, striving to uphold a standard of care and affordability.
Official website here: www.seniorhousingoptions.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%, Four-Star out of Four Star rating.
Senior Housing Options Inc has achieved a remarkable 99% overall rating, reflecting strong performance in accountability and finance. The organization excels in having a fully independent board, with 100% of its members meeting the criteria. Its financial practices are highly transparent, with no reported material diversion of assets, and it has a comprehensive set of policies in place to ensure ethical governance.
The organization's program expense ratio stands at an impressive 94.32%, indicating that a significant majority of its resources are directed toward its mission rather than administrative costs. Additionally, the equity strategies score of 97 out of 100 indicates a strong commitment to fostering inclusivity and addressing disparities within the senior housing sector.
While the financial health appears robust, the liabilities to assets ratio of 50.71% suggests a balanced approach to managing debts and assets. Overall, Senior Housing Options Inc demonstrates a solid operational framework and a commitment to its mission, positioning itself as a trustworthy nonprofit in the senior housing space.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Housing Options Inc legitimate?
Senior Housing Options Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Housing Options 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: $1,118,173
For more financial information, click here
Official website here: www.seniorhousingoptions.org
What is the mission statement of Senior Housing Options Inc?
Senior Housing Options Inc's mission is centered around providing and advocating for quality, affordable housing and related services in a compassionate environment, specifically catering to older adults. The organization's primary goal is to enhance the living conditions of this demographic in Colorado, ensuring they receive the care they need. The company actively manages rental housing for low-income elderly individuals, offering support and ensuring their needs are met. Senior Housing Options Inc's activities extend beyond housing, aiming to create a nurturing environment that fosters the well-being of its residents.
Official website here: www.seniorhousingoptions.org
Who is the CEO of Senior Housing Options Inc?
Vennita Jenkins is the President Of The Board of Senior Housing Options Inc. The CEO's salary of Senior Housing Options Inc is $0 and their total compensation is $0.
Official website here: www.seniorhousingoptions.org
What is the revenue of Senior Housing Options Inc?
Senior Housing Options Inc's revenue in 2022 was $1,315,082.
Official website here: www.seniorhousingoptions.org
Who are the executives of Senior Housing Options Inc and what are their salaries?
The average compensation at Senior Housing Options Inc during 2022 was $4,473. There are 250 employees and 2 volunteers at Senior Housing Options Inc.
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Official website here: www.seniorhousingoptions.org
Where can I find the form 990 for Senior Housing Options Inc?
Senior Housing Options Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seniorhousingoptions.org
Learn more at the official website: www.seniorhousingoptions.org
Mission Statement of Senior Housing Options Inc
Senior Housing Options Inc, a nonprofit organization, is committed to providing and promoting quality, affordable housing and services in a nurturing environment for older adults residing in Colorado. Their mission is to ensure that senior citizens have access to comfortable living spaces and necessary support services, all while being surrounded by care and consideration. By managing rental housing for low-income elderly individuals in various Colorado communities, including the Denver metropolitan area, Senior Housing Options Inc strives to make a positive impact on the lives of older adults in need.
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Impact
July, 2024
Senior Housing Options Inc's impact is significant in providing and promoting quality affordable housing and services in a caring environment for older adults in Colorado. Through its sponsorship and management of rental housing for low-income elderly persons in the Denver metropolitan area and other communities in Colorado, it plays a crucial role in ensuring that older adults have access to safe and affordable housing options. This directly contributes to improving the quality of life for seniors in need, fostering community support, and promoting overall well-being in Colorado's aging population.
This information is meant to be a general summary of Senior Housing Options 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.
- Program Service Revenue: $1,238,485
- Gross Receipts: $1,315,082
Assets and Liabilities:
- Total Assets: $11,592,973
- Total Liabilities: $2,408,903
- Net Assets: $9,184,070
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE REVENUE
Revenue
$509,164
MISCELLANEOUS
Revenue
$449,264
DEVELOPER FEE REVENUE
Revenue
$280,057
Organization Details
Founding Year
1979
Phone
(303) 595-4464Principal Officer
Vennita Jenkins
Main Address
1510 17TH STREET, DENVER, CO, 80202
Website
www.seniorhousingoptions.orgNTEE Category
Code: L22Z - Housing
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