Myron Stratton Home

What Myron Stratton Home does

Myron Stratton Home is a Colorado Springs-based nonprofit 501(c)(3) organization operating continuously since 1913 under the endowment and mission established by the will of Cripple Creek gold magnate Winfield Scott Stratton. The organization serves low-income seniors age 62+ and other vulnerable populations in El Paso and Teller counties through a portfolio of programs on its 555 Gold Pass Heights campus. Core operations include independent living (cottages and apartments serving 135 residents), assisted living at Winfield House (a 30-bed Medicaid-certified facility licensed by the Colorado Department of Public Health and Environment), and a Housing Subsidy Program launched in 2021 that has helped 90 seniors remain in their homes while on the waitlist. The newest capacity, Chamberlin Hall, opened phase one in 2025 with 50+ income-restricted apartments and is slated for a 35-unit phase two in spring 2026.

The organization's second operating arm is philanthropic grantmaking. Twice yearly, the Myron Stratton Foundation awards grants to 501(c)(3) nonprofits serving poor elderly, poor children and families, and sick or infirm populations, with $967,000 disbursed to 34 agencies in 2025 and over $10 million distributed to more than 100 organizations cumulatively. Grant applications are managed through the GrantInterface platform with eligibility self-assessment.

The third arm is the Stratton Consortium, formed in 2006, which has invested $8 million to convert 72,000 sq ft of former orphanage buildings into rent-free space for four named nonprofit partners: Partners in Housing, Peak Vista Community Health Centers, TESSA, and Lutheran Family Services. These partners collectively served over 16,700 individuals in 2024, and the imputed value of free rent provided exceeds $10.4 million over the consortium's 19-year history. The organization's revenue mechanics consist of means-tested resident fees (HUD very-low-income-equivalent thresholds), Colorado Medicaid reimbursements for assisted living, endowment investment returns, and a small base of donations; pricing is intentionally income-restricted rather than market-clearing, consistent with the founder's charitable mandate.

Name

Myron Stratton Home

Legal name

Myron Stratton Home

Website

https://myronstratton.org

Company type

Private

Founded year

1902

Operating status

Operating

Headcount range

11–50 employees

Short description

Myron Stratton Home is a Colorado Springs-based nonprofit providing affordable independent living, Medicaid-certified assisted living, and rent-free campus space for partner nonprofits serving low-income seniors and vulnerable populations in El Paso and Teller counties.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Social Services (8300)

akta.pro primary industry

Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

akta.pro secondary industries

Affordable / Low-Income Assisted Living (Medicaid Waiver Focused) (HLADABAE), Large Campus / Multi-Building Assisted Living Communities (HLADABAG)

Keywords

• Senior living services
• Assisted living facility
• Independent living housing
• Affordable housing seniors
• Nonprofit foundation grants

Headquarters

HQ city

Colorado Springs

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Others, Marketing or Sales

Revenue model

1. Senior Living Services: Provides independent and assisted living housing for low-income seniors age 62+. Revenue comes from resident fees based on income limits and Medicaid certifications.
2. Grants Program: Awards grants twice yearly to 501(c)(3) nonprofit organizations serving poor elderly, poor children and families, and sick/infirm populations in El Paso and Teller counties. Has awarded over $10 million to over 100 organizations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Myron Stratton Home is a nonprofit charitable foundation that operates affordable senior housing (independent living cottages and apartments, plus Medicaid-certified assisted living at Winfield House) for low-income persons age 62+ and awards grants twice yearly to 501(c)(3) organizations serving poor elderly, poor children and families, and sick/infirm populations in El Paso and Teller Counties, Colorado. It also runs the Stratton Consortium, providing 72,000 square feet of rent-free campus space to community partner agencies serving vulnerable populations.

Product overview

Myron Stratton Home is a senior living nonprofit organization offering a portfolio of housing and support services for low-income seniors and vulnerable populations in Colorado. The core offerings include: Independent Living (cottages and apartments for seniors 62+), Assisted Living at Winfield House (Medicaid-certified facility for seniors needing daily assistance), and Grants Program (philanthropic funding to 501(c)(3) organizations). The organization also operates the Stratton Consortium (collaborative campus space sharing with four partner agencies), Housing Subsidy Program (rent assistance for waiting list applicants), and Chamberlin Hall (new apartment building opened 2025). Total senior housing capacity is 165 residents, with Winfield House serving 30 Medicaid-eligible seniors and independent living serving 135 seniors.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Living Housing for older persons aged 62+ with limited income, offering one- and two-bedroom cottages and apartments with paid utilities, transportation to medical appointments and shopping, an activity program, and optional cafeteria meal plan and laundry services.
• Assisted Living (Winfield House) Medicaid-certified assisted living facility providing medication management, personal care assistance, meals with alternate selections, housekeeping, laundry, transportation, and activity programs in private, air-conditioned rooms for individuals enrolled in the Colorado Medicaid Program.
• Grants Program Foundation grants awarded twice yearly to 501(c)(3) nonprofit organizations serving poor elderly, poor children and families, and sick/infirm individuals in El Paso and Teller Counties, Colorado. Applications are submitted via the GrantInterface portal, with cycles opening April 1 and October 1 and deadlines June 1 and December 1.
• Stratton Consortium Collaborative partnership program providing rent-free campus space (72,000 square feet) to community partner organizations including Partners in Housing, Peak Vista Community Health Centers, TESSA, and Lutheran Family Services to serve vulnerable populations.
• Housing Subsidy Program Cash subsidy program for individuals on the independent living waiting list to assist with current housing costs; 90 seniors have received rent assistance to remain in their own homes since launch.
• Chamberlin Hall Independent Living Apartments New income-restricted independent living apartment building that welcomed over 50 aging adults at phase one opening in 2025, with phase two adding 35 more units in 2026.

Quantifiable outcome

• 165 seniors served annually across assisted and independent living facilities
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor and core.

• Imagery EnlightenedminorOthers · 1 January 2025Video production company that produced the Chamberlin Hall Groundbreaking to Grand Opening video in Fall 2025.
• KEPHARTminorImplementation/ SI/ Consulting Partner · 1 January 2023Architecture firm that produced a video in April 2023 about the Myron Stratton Home building project and new independent living apartments construction.
• Partners in HousingcoreStrategic or Co-development Partner · 1 January 2006Provides homeless families with children the opportunity for self-sufficiency. Located on Stratton campus utilizing renovated orphanage space as part of the Stratton Consortium formed in 2006. Serves poor single parents with children in need or crisis and working toward self-sufficiency.
• Peak Vista Community Health CenterscoreStrategic or Co-development Partner · 1 January 2006Nonprofit health center dedicated to medical and dental services for the uninsured and underinsured in the Pikes Peak region. Located on Stratton campus as part of the Stratton Consortium formed in 2006. Provided services to over 16,700 individuals in 2024.
• TESSAcoreStrategic or Co-development Partner · 1 January 2006Dedicated to issues of domestic violence and sexual assault in El Paso and Teller Counties in Colorado. Located on Stratton campus as part of the Stratton Consortium formed in 2006, helping fulfill Winfield Scott Stratton's legacy of caring for those less fortunate.
• Lutheran Family ServicescoreStrategic or Co-development Partner · 1 January 2006Provides services and supplies necessary for refugee families to become self-sufficient and integrate into their new communities. Located on Stratton campus as part of the Stratton Consortium formed in 2006.

Scale indicators7 records

Recent moves9 records

Expansion highlights3 records

Direct peers

• National Church Residences: National nonprofit affordable senior housing and services provider operating independent living, assisted living, and memory care across 25+ states. Directly comparable to Myron Stratton Home as a mission-driven, faith-rooted nonprofit serving low- and moderate-income seniors with a similar mix of housing, supportive services, and community partnerships.
• Volunteers of America: National nonprofit that operates affordable senior housing, assisted living, and supportive services for low-income seniors and vulnerable populations. Comparable to Myron Stratton Home on mission (serving poor elderly and at-risk groups), funding model (mix of earned fees and philanthropic grants), and multi-site service delivery.
• Benedictine Living Communities: Catholic-sponsored nonprofit operating independent living, assisted living, and skilled nursing communities across the Upper Midwest. Directly comparable to Myron Stratton Home as a nonprofit, mission-driven senior housing provider with a focus on serving older adults regardless of ability to pay and a similar governance/board structure.
• Presbyterian Senior Living: Nonprofit faith-based operator of retirement communities, assisted living, and personal care across Pennsylvania, New York, Maryland, and Delaware. Comparable to Myron Stratton Home on nonprofit status, mixed residential care levels, and an endowment/philanthropy-supported operating model serving older adults.
• Good Samaritan Society: One of the largest U.S. faith-based nonprofit senior care operators, providing housing, assisted living, and skilled nursing across hundreds of locations. Comparable to Myron Stratton Home as a values-driven nonprofit serving seniors across an income spectrum, with a similarly long operating history and emphasis on community-rooted care.

Broad incumbents

• Atria Senior Living: Major national senior living operator with independent living, assisted living, and memory care communities across 200+ locations. Comparable to Myron Stratton Home on offering a continuum of senior housing and care services, though Atria is a private-pay for-profit incumbent focused on higher-acuity and market-rate residents.
• Brookdale Senior Living: Largest U.S. operator of senior living communities, offering independent living, assisted living, and memory care across 700+ communities. Comparable to Myron Stratton Home as a senior housing provider offering the same continuum of care levels, though it serves as a broad for-profit incumbent versus Myron Stratton's nonprofit, affordable-only positioning.
• Sunrise Senior Living: Established national senior living operator with independent living, assisted living, memory care, and skilled nursing communities. Comparable to Myron Stratton Home on assisted living and personal care service delivery to seniors, but operates at national scale in the private-pay segment rather than serving Medicaid-eligible seniors.

Regional players

• Pikes Peak Area Agency on Aging: Local Area Agency on Aging serving El Paso, Park, and Teller counties with senior services, case management, and caregiver support. Comparable to Myron Stratton Home as a Colorado Springs-area senior-serving organization and a likely referral and coordination partner for the same low-income senior population.
• Christian Living Communities: Denver-based nonprofit operating independent living, assisted living, memory care, and skilled nursing in Colorado. Directly comparable to Myron Stratton Home on Colorado geography, nonprofit senior housing model, and faith-inspired mission, though it operates in a different sub-region of the state.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MyronStrattonHome1913
• LinkedInlinkedin.com/company/myron-stratton-home

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myron Stratton Home