Our “Community Report” highlights some of the achievements of the Myron Stratton Home over the past year.
2012 was a very exciting year for the Myron Stratton Home. In April, the board of trustees approved proceeding with the construction of our new office and apartment complex. The estimated cost for the project is approximately $6.9 million. This new building will be located on the site of the former administration building and is scheduled for completion in March of 2013. The building will initially have 19 residential units serving 23 very low-income seniors with the capability of serving an additional 10 residents in the future. Many of the administrative staff will also be re-located in this new building.
2012 was also a year of planning for our centennial celebration which will be held in 2013. There are a number of exciting events that will be held throughout the year as we celebrate “A Century of Sanctuary.” Please check us out on Facebook and keep abreast of our yearlong celebration.
Of course, our Seniors Program continues to offer accommodations in both independent living cottages and assisted living residence to very low-income seniors in a warm, pleasant environment. Winfield House, the only facility in the region totally dedicated to those who qualify for Medicaid, provided 8,577 days of service to our seniors, a 94% occupancy rate in 2012. Our cottage program provided 17,520 days of service to our seniors, a 96 % occupancy rate. On a daily basis approximately 72 residents enjoy the serenity and comfort that the Home has to offer.
Our Grants Program, an extension of our philanthropy to the greater Pikes Peak Region, awarded $295,000 in grants to 24 agencies in 2012. These grants expanded each agency’s capacity to serve critical human service needs of low income seniors, families and children.
The Stratton Consortium, consisting of Peak Vista Community Health Centers, Partners in Housing, TESSA, Early Connections Learning Centers and the Myron Stratton Home celebrated its five year anniversary. By locating these agencies on the Home’s campus, the Home was able to expand its mission and vision to serve poor single mothers with children who are in need or crisis and working toward self-sufficiency. A true collaborative spirit has evolved with each of these agencies working together to serve this very vulnerable population. The Consortium provided services to over 12,000 individuals in 2012.
We look forward to 2013 with much anticipation. As the year begins, we reflect on the timeless mission of the Myron Stratton Home – caring for those less fortunate with compassion and dignity. It has been our passion since Winfield Scott Stratton wrote his will at the turn of the 20th century.
Our most recent consolidated financial statement is available: click here