Overview
What is Santa Barbara Student Housing Co-Op?
Santa Barbara Student Housing Co-Op is a nonprofit organization situated in Goleta, California. Its primary focus is to provide co-op housing for students, faculty, and staff affiliated with UC Santa Barbara, regardless of their gender, race, social, political, or religious backgrounds. The organization operates as a housing cooperative, allowing its residents to govern and manage their living space. With a small team of two employees, the Co-Op offers low-cost, self-help housing, aiming to provide a supportive and inclusive living environment for its members during their academic journey.
Official website here: www.sbcoop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58% (One-Star out of Four Star rating)
The Santa Barbara Student Housing Co-Op has received a low overall rating of 58%, indicating concerns regarding its accountability and financial practices. While the organization benefits from a fully independent board and demonstrates a strong program expense ratio of 90%, it faces significant issues in areas such as financial transparency, where it scored zero points due to missing financial statements and other important documentation.
Strengths of the organization include a commitment to ethical governance, as evidenced by its lack of material diversion of assets and the presence of a conflict of interest policy. However, the absence of a whistleblower policy and document retention procedures raises red flags about its operational integrity. Additionally, the lack of publicly available financial statements could hinder trust with potential donors and stakeholders.
Overall, while the Santa Barbara Student Housing Co-Op shows promise through its dedicated programs and governance structure, significant improvements are needed in financial reporting and transparency to enhance its accountability and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Santa Barbara Student Housing Co-Op legitimate?
Santa Barbara Student Housing Co-Op is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Barbara Student Housing Co-Op 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: $131,161
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,419
For more financial information, click here
Official website here: www.sbcoop.org
What is the mission statement of Santa Barbara Student Housing Co-Op?
The Santa Barbara Student Housing Co-Op's mission is to provide affordable, self-help housing for students, faculty, and staff of the University of California, Santa Barbara, regardless of their gender, race, social, political, or religious affiliations. This organization operates as a cooperative, allowing its residents, who are all affiliated with UC Santa Barbara, to have a hand in governing and managing the non-profit housing cooperative. The primary goal of Santa Barbara Student Housing Co-Op is to ensure equal housing opportunities for all its members, fostering a diverse community within the university environment.
Official website here: www.sbcoop.org
Who is the CEO of Santa Barbara Student Housing Co-Op?
Madigan Skipper is the President of Santa Barbara Student Housing Co-Op.
Official website here: www.sbcoop.org
What is the revenue of Santa Barbara Student Housing Co-Op?
Santa Barbara Student Housing Co-Op's revenue in 2023 was $1,038,415.
Official website here: www.sbcoop.org
Who are the executives of Santa Barbara Student Housing Co-Op and what are their salaries?
The average compensation at Santa Barbara Student Housing Co-Op during 2023 was $107,290. There are 2 employees at Santa Barbara Student Housing Co-Op.
Here are 7 key members and their salaries:
- Compensation: $99,332
- Related: $0
- Other: $31,829
- 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
Official website here: www.sbcoop.org
Where can I find the form 990 for Santa Barbara Student Housing Co-Op?
Santa Barbara Student Housing Co-Op's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sbcoop.org
Learn more at the official website: www.sbcoop.org
Mission Statement of Santa Barbara Student Housing Co-Op
Santa Barbara Student Housing Co-Op, as a non-profit organization, is dedicated to providing affordable cooperative housing for students, staff, and faculty of the University of California, Santa Barbara. Regardless of one's gender, race, social, political, or religious affiliations, this co-op welcomes all who wish to contribute to and benefit from a self-governed and managed housing cooperative. The mission of Santa Barbara Student Housing Co-Op is to offer a communal living space where UC Santa Barbara affiliates can reside, fostering an inclusive environment that values diversity and promotes personal growth and community engagement.
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Impact
July, 2024
Santa Barbara Student Housing Co-Op provides low-rent cooperative housing for students, staff, and faculty of the University of California, Santa Barbara, regardless of gender, race, social, political, or religious affiliation. The organization allows UC Santa Barbara affiliates to govern and manage a nonprofit housing cooperative, fostering a sense of community and self-reliance. By offering affordable housing options and promoting cooperative living, Santa Barbara Student Housing Co-Op positively impacts the lives of its residents and contributes to a supportive environment for the university community.
This information is meant to be a general summary of Santa Barbara Student Housing Co-Op. 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: $16,645
- Program Service Revenue: $1,014,607
- Gross Receipts: $1,038,415
Assets and Liabilities:
- Total Assets: $5,930,238
- Total Liabilities: $5,555,110
- Net Assets: $375,128
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSE BOARD RECEIPTS
Revenue
$105,796
HOUSE MEAL RECEIPTS
Revenue
$75,993
MEMBER RENTS RECEIVED
Revenue
$832,818
Organization Details
Founding Year
1978
Phone
(805) 685-6964Principal Officer
Madigan Skipper
Main Address
777 CAMINO PESCADERO SUITE J, GOLETA, CA, 93117
Website
www.sbcoop.orgNTEE Category
Code: L40Z - Housing
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