Overview
What is Big Thompson Manor Ii?
Big Thompson Manor II is a nonprofit organization, established in August 1983 under Colorado state law, dedicated to serving the housing needs of elderly and disabled individuals. Situated in Loveland, Colorado, the organization operates a 60-unit affordable housing complex, which commenced operations in 1983. Their primary mission is to offer housing facilities, catering to individuals with limited financial means, ensuring that the elderly and disabled population has access to suitable living accommodations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%)
Big Thompson Manor II has received a two-star rating from Charity Navigator, indicating that there are areas needing significant improvement within the organization's operations. While the organization excels in having an independent board with 100% independent members and a strong program expense ratio of nearly 76%, it faces challenges in financial transparency and governance practices.
One significant strength is its commitment to program expenses, with a high ratio indicating that most funds are utilized for its mission-related activities. However, the organization struggles with its financial practices, specifically indicated by a very high liabilities-to-assets ratio, which raises concerns about its financial health. Furthermore, the absence of key policies such as conflict of interest, whistleblower, and document retention policies suggests gaps in governance that could affect accountability.
Overall, while Big Thompson Manor II shows a dedication to its programs and has sound board independence, the organization must address its financial management and governance policies to improve its standing and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Big Thompson Manor Ii legitimate?
Big Thompson Manor Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Thompson Manor Ii 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: $64,027
For more financial information, click here
What is the mission statement of Big Thompson Manor Ii?
Big Thompson Manor II, established as a nonprofit organization, is dedicated to providing housing facilities and services for low-income elderly and disabled individuals. Its primary mission is to cater to the housing needs of this specific demographic, ensuring they have access to affordable housing options. The organization began operations in 1983, setting up a 60-unit complex in Loveland, Colorado, to accomplish this mission. Since its inception, Big Thompson Manor II has been committed to serving this vulnerable population by offering them a suitable living environment.
Who is the CEO of Big Thompson Manor Ii?
Jay Fernandez is the President of Big Thompson Manor Ii.
What is the revenue of Big Thompson Manor Ii?
Big Thompson Manor Ii's revenue in 2023 was $512,377.
Who are the executives of Big Thompson Manor Ii and what are their salaries?
There 6 volunteers at Big Thompson Manor Ii.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Big Thompson Manor Ii?
Big Thompson Manor Ii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Big Thompson Manor Ii
Big Thompson Manor II, established as a non-profit organization in 1983, is dedicated to providing housing solutions for low-income elderly and disabled individuals. Its mission is to operate an affordable housing complex, offering necessary facilities and services to cater to the needs of this specific demographic. By operating a 60-unit complex, Big Thompson Manor II contributes to the well-being of these individuals, providing them with a safe and suitable living environment. This non-profit corporation's primary objective is to enhance the lives of elderly and handicapped citizens by offering housing facilities that cater to their unique needs.
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Impact
July, 2024
Big Thompson Manor II's impact lies in its mission to provide housing for low-income elderly and disabled citizens. Since its establishment in 1983, this nonprofit organization has been dedicated to offering affordable housing facilities and services to those in need. By operating a 60-unit housing complex in Loveland, Colorado, Big Thompson Manor II has played a crucial role in supporting vulnerable members of the community, ensuring they have a safe and comfortable place to call home. Not only does HT big Thompson Manor II provide shelter, but it also fosters a sense of community and belonging for its residents, contributing positively to their overall well-being.
This information is meant to be a general summary of Big Thompson Manor Ii. 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 2023.
- Investment Income: $1,047
- Program Service Revenue: $511,330
- Gross Receipts: $512,377
Assets and Liabilities:
- Total Assets: $675,194
- Total Liabilities: $1,149,261
- Net Assets: -$474,067
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Low Income Housing Ren
Revenue
$506,467
Laundry & Vending
Revenue
$4,130
Tenant Charges
Revenue
$657
Organization Details
Founding Year
1983
Phone
(970) 667-4195Principal Officer
Jay Fernandez
Main Address
1545 Phelps Avenue, Canon City, CO, 81212
NTEE Category
Code: L22 - Housing
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