Overview
What is The Stratton Area Foundation I?
The Stratton Area Foundation I is a nonprofit organization situated in Stratton, Colorado. Their primary mission is to offer affordable rental housing to families and individuals who fall under the low-income category. They operate by renting and managing properties to accommodate these individuals, ensuring that housing remains a basic necessity within their reach.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Stratton Area Foundation I has received a two-star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization exhibits strong governance with a fully independent board, a solid liabilities to assets ratio of 28.11%, and an impressive program expense ratio of 97.83%. These metrics suggest that the foundation is effectively directing a significant portion of its funds towards its programs.
However, the foundation has notable weaknesses, particularly in transparency and governance policies. Key documents and policies, including the conflict of interest policy, whistleblower policy, and document retention policy, are missing. Furthermore, the charity's website is not listed on its tax form, which reflects a lack of accessibility to important information for stakeholders.
Overall, while The Stratton Area Foundation I demonstrates strong financial management and governance, the gaps in essential policies and transparency could hinder its overall rating and stakeholder trust. Addressing these issues could enhance its performance and reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Stratton Area Foundation I legitimate?
The Stratton Area Foundation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Stratton Area Foundation I 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 The Stratton Area Foundation I?
The Stratton Area Foundation I is committed to providing affordable rental housing for low-income families and individuals. This mission is carried out by the organization through the rental and management of housing units, ensuring that financially disadvantaged individuals have access to suitable living spaces. The foundation's primary goal is to contribute to the housing needs of this specific demographic, thereby promoting affordable living solutions.
Who is the CEO of The Stratton Area Foundation I?
Richard Mann is the President of The Stratton Area Foundation I.
What is the revenue of The Stratton Area Foundation I?
The Stratton Area Foundation I's revenue in 2022 was $127,876.
Who are the executives of The Stratton Area Foundation I and what are their salaries?
There 7 volunteers at The Stratton Area Foundation I.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Stratton Area Foundation I?
The Stratton Area Foundation I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Stratton Area Foundation I
The Stratton Area Foundation I, as a nonprofit organization, is dedicated to providing affordable rental housing solutions for low-income families and individuals. By managing and renting out properties, this foundation aims to make housing more accessible and affordable for those who might otherwise struggle to secure a decent place to live. This mission is a vital contribution to the community, ensuring that everyone has a roof over their heads, regardless of their financial circumstances.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Stratton Area Foundation I significantly enhances the quality of life for low-income families and individuals by providing affordable rental housing. By renting and managing housing options in Stratton, Colorado, the foundation directly addresses the critical need for safe and accessible living environments. This initiative not only helps secure stable housing for vulnerable populations but also fosters a sense of community and belonging. Through its mission, the foundation plays a pivotal role in alleviating housing insecurity, empowering residents to focus on their personal and financial growth.
This information is meant to be a general summary of The Stratton Area Foundation I. 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: $116,680
- Gross Receipts: $127,876
Assets and Liabilities:
- Total Assets: $2,497,385
- Total Liabilities: $696,023
- Net Assets: $1,801,362
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$116,680
Organization Details
Founding Year
1996
Principal Officer
Richard Mann
Main Address
710 5TH ST, STRATTON, CO, 80836
NTEE Category
Code: L20 - Housing
If you are a representative of The Stratton Area Foundation I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.