Overview
What is Montrose County Housing Authority?
The Montrose County Housing Authority, situated in Olathe, Colorado, is a nonprofit organization devoted to offering housing assistance. Specifically, they administer the Federal Section 8 Rental Assistance Program, providing eligible households with vouchers enabling them to lease homes or apartments while receiving rental assistance directly paid to landlords. Their primary mission is to support senior citizens and families with very low income, ensuring they have access to adequate housing. With a team of six individuals, they strive to improve living conditions and promote housing stability within their community.
Official website here: www.montrosehousingauthority.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Montrose County Housing Authority has received a 77% score from Charity Navigator, indicating a solid level of accountability and finance. This rating is primarily derived from its strong performance in various metrics, particularly in having an entirely independent board, effective financial management, and clear policies regarding conflicts of interest and whistleblowing. These factors contribute positively to the organization’s transparency and governance.
In the fiscal year 2022, the Authority demonstrated a commendable program expense ratio of 96.60%, which suggests that the vast majority of its resources are directed towards its mission-related activities. Additionally, the organization maintains a low liabilities-to-assets ratio of 2.82%, reflecting its sound financial health and sustainability. This efficiency indicates a robust commitment to utilizing funds effectively for the benefit of the community.
While the overall rating is favorable, it is important for potential donors and partners to consider the single-focus nature of the rating, which relies solely on accountability and finance metrics. While these are crucial aspects, a broader evaluation of program impact and community feedback may provide further insights into the Authority's overall effectiveness and reach.
This AI summary has been generated from information found on Charity Navigator.
Is Montrose County Housing Authority legitimate?
Montrose County Housing Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montrose County Housing Authority 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: $297,089
For more financial information, click here
Official website here: www.montrosehousingauthority.com
What is the mission statement of Montrose County Housing Authority?
The Montrose County Housing Authority's mission is centered around providing housing assistance. Specifically, it aims to support senior citizens and families with very low incomes. This is achieved through the administration of the Federal Section 8 Rental Assistance Program. Eligible households receive vouchers that enable them to lease homes or apartments, with the rental assistance being paid directly to the landlord. This organization's primary goal is to ensure that these vulnerable groups have access to suitable housing.
Official website here: www.montrosehousingauthority.com
Who is the CEO of Montrose County Housing Authority?
Susan Barrientos is the Executive Di of Montrose County Housing Authority.
Official website here: www.montrosehousingauthority.com
What is the revenue of Montrose County Housing Authority?
Montrose County Housing Authority's revenue in 2022 was $1,977,811.
Official website here: www.montrosehousingauthority.com
Who are the executives of Montrose County Housing Authority and what are their salaries?
The average compensation at Montrose County Housing Authority during 2022 was $49,515. There are 6 employees at Montrose County Housing Authority.
Here are 4 key members and their salaries:
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Official website here: www.montrosehousingauthority.com
Where can I find the form 990 for Montrose County Housing Authority?
Montrose County Housing Authority's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montrosehousingauthority.com
Learn more at the official website: www.montrosehousingauthority.com
Mission Statement of Montrose County Housing Authority
Montrose County Housing Authority, as an organization, is committed to providing housing assistance to senior citizens and families with very low income. This mission is carried out through the administration of the Federal Section 8 Rental Assistance Program. Under this program, eligible households are issued vouchers, which they can use to lease a home or apartment. The housing authority then pays the rent directly to the landlord. This initiative aims to make housing more affordable and accessible to those who might otherwise struggle to secure suitable accommodation. By offering this assistance, Montrose County Housing Authority contributes to the well-being and stability of its community members, particularly those who are more vulnerable due to their age or financial circumstances.
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Impact
July, 2024
Montrose County Housing Authority's impact is significant in providing housing assistance to senior citizens and very low-income families in Olathe, Colorado. Through the administration of the federal Section 8 rental assistance program, eligible households receive vouchers that enable them to lease a home or apartment with rental assistance paid directly to the landlord. This assistance plays a crucial role in ensuring that vulnerable populations have access to safe and affordable housing, thereby improving their quality of life and reducing the risk of homelessness.
This information is meant to be a general summary of Montrose County Housing Authority. 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: $11,871
- Program Service Revenue: $413,015
- Gross Receipts: $1,977,811
Assets and Liabilities:
- Total Assets: $4,627,376
- Total Liabilities: $130,575
- Net Assets: $4,496,801
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$363,899
OTHER ADMINISTRATIVE INCOME
Revenue
$41,371
OTHER OPERTATING INCOME
Revenue
$7,745
Organization Details
Founding Year
1981
Phone
(970) 323-5445Principal Officer
Susan Barrientos
Main Address
222 HAP COURT, OLATHE, CO, 81425
NTEE Category
Code: L210 - Housing
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