Myron Stratton Home

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.

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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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Colorado Springs Utilities
$402,675
Mcdonald Paving
$227,000
Meritain Health
$265,364
Dynamic National Roofing
$626,693
Lockton Companies
$248,943
View All Vendors

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

Grants Awarded

Over the last fiscal year, Myron Stratton Home has awarded $668,000 in support to 37 organizations.

Grant RecipientAmount

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

ATLAS PREPARATORY SCHOOL

Org PageRecipient Profile

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
View Grant Profile

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