Myron Stratton Home
- Assets
- $251.4m
- Revenue
- $14.3m
- Investments
- $208.3m
- Employees
- 0
- Location
- Colorado Springs, CO
- Founding
- 03/1944
- Data as of
- 12/2021
- EIN
- 84-0404260
Organization Overview
Myron Stratton Home is located in Colorado Springs, CO. The organization was established in 1944. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Myron Stratton Home is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Myron Stratton Home generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $7.1m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Myron Stratton Home has awarded 220 individual grants totaling $3,545,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SERVICES: THE HOME PROVIDES RESIDENTIAL SERVICES TO 107 ELDERLY PERSONS WITH LIMITED INCOME.
STRATTON CONSORTIUM: THE HOME PROVIDES THE FREE USE OF FACILITIES FOR OTHER NONPROFIT ORGANIZATIONS WITH VARIOUS MISSIONS THAT PROVIDE SERVICES TO LOW INCOME RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel O'rear Executive Director | 40 | $187,905 | |
Candice Harvey Director Of Finance | 40 | $110,744 | |
Margaret Hunter Director Senior Svc | 40 | $101,160 | |
Scott Crawford Maintenance Director | 40 | $90,585 | |
Roderick Nadeau Director Of Building | 40 | $69,885 | |
Cassaundra Evans Alf Director | 40 | $55,942 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Colorado Springs Utilities | 12/30/21 | $402,675 |
Mcdonald Paving | 12/30/21 | $227,000 |
Meritain Health | 12/30/21 | $265,364 |
Dynamic National Roofing | 12/30/21 | $626,693 |
Lockton Companies | 12/30/21 | $248,943 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,190 |
| Interest on Savings | $713 |
| Dividends & Interest | $3,201,254 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,065,796 |
| Capital Gain Net Income | $3,964,106 |
| Net ST Capital Gain | $101,690 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,998,168 |
| Total Revenue | $14,272,121 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $259,905 |
| Other employee salaries and wages | $2,014,425 |
| Pension plans, employee benefits | $1,089,541 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $1,033,901 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $50,297 |
| Printing and publications | $0 |
| Other expenses | $1,566,845 |
| Total operating and administrative expenses | $6,493,020 |
| Contributions, gifts, grants paid | $635,000 |
| Total expenses and disbursements | $7,128,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,249 |
| Savings and temporary cash investments | $15,201,854 |
| Net Accounts receivable | $75,747 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $28,555 |
| Prepaid expenses and deferred charges | $111,470 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $120,430,179 |
| Net Land, buildings, and equipment | $25,270,949 |
| Other assets | $2,417,013 |
| Total assets | $251,408,537 |
| Accounts payable and accrued expenses | $625,264 |
| Grants payable | $5,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,982,938 |
| Total liabilities | $2,613,202 |
Grants Awarded
Over the last fiscal year, Myron Stratton Home has awarded $668,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
SILVER KEY PURPOSE: COLLABORATIVE PROJECT WITH PIKES PEAK HABITAT FOR HUMANITY-SAFE SENIOR HOME | $150,000 |
CATHOLIC CHARITIES OF CENTRAL COLORADO PURPOSE: FAMILY CONNECTIONS IN ADDRESSING THE EMERGENT NEEDS. | $30,000 |
Colorado Springs, CO PURPOSE: FUNDING FOR ACADEMIC ACCESS TO EDUCATION. COLLEGE-READY PATHWAYS AND FAMILY SCHOLARSHIPS FOR LIVING ESSENTIALS. | $30,000 |
PARTNERS IN HOUSING PURPOSE: FUND GENERAL OPERATIONS | $30,000 |
Colorado Springs, CO PURPOSE: PROVIDE HELP OBTAIN HOUSING, HEATLHCARE, AND FINANCIAL STABILITY FOR INDIVIDUALS WITH INTELLECTUAL & DEVELOPMENTAL DISABILITIES & SENIORS. | $25,000 |
COLORADO SPRINGS FOOD RESCUE PURPOSE: CAPITAL CAMPAIGNE - HILLSIDE HUB | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Midwest Housing Equity Group Inc Omaha, NE | $59,910,097 | $16,662,008 |
Futures Through Choices Inc Bountiful, UT | $10,582,295 | $7,389,477 |
Myron Stratton Home Colorado Springs, CO | $251,408,537 | $14,272,121 |
Sand Springs Home Sand Springs, OK | $70,860,771 | $5,861,443 |
Santa Fe Community Housing Tr Santa Fe, NM | $45,526,696 | $6,534,024 |
Leonardville Nursing Home Inc Leonardville, KS | $5,042,716 | $4,665,689 |
Almost Home Inc Brighton, CO | $1,337,785 | $3,547,481 |
Speck Homes Inc Oklahoma City, OK | $1,586,940 | $3,986,679 |
Childrens Service Society Of Utah Salt Lake City, UT | $1,619,939 | $2,896,845 |
Helping Hand Association Inc Salt Lake City, UT | $7,283,183 | $3,969,415 |
Treasure House Glendale, AZ | $9,453,953 | $2,253,912 |
Colorado Village Collaborative Denver, CO | $2,720,131 | $2,665,936 |