Overview
What is Kennedy Institute Housing Corporation Ii?
Kennedy Institute Housing Corporation II is a nonprofit organization established on July 19, 2001, in Washington, D.C. Its primary mission, as outlined under the District of Columbia's provisions, is to construct and manage affordable housing facilities for individuals with disabilities. The organization was financed through the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act. The Kennedy Institute Housing Corporation II manages 12 units, dedicated to providing affordable housing specifically for the chronically mentally disabled. HUD regulates the entity's rent charges and operating methods to ensure compliance with established standards.
Is Kennedy Institute Housing Corporation Ii legitimate?
Kennedy Institute Housing Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennedy Institute Housing Corporation Ii 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kennedy Institute Housing Corporation Ii?
Kennedy Institute Housing Corporation II is committed to providing affordable housing for individuals with disabilities, with a specific focus on the chronically mentally disabled. This mission is in line with Section 811 of the National Affordable Housing Act. The organization was established in 2001 with the purpose of constructing and managing housing facilities for people with disabilities. It received financing from the U.S. Department of Housing and Urban Development (HUD) under this act and currently operates 12 units. HUD regulates such entities, setting guidelines for rent charges and operational methods.
Who is the CEO of Kennedy Institute Housing Corporation Ii?
James J Malloy is the CEO of Kennedy Institute Housing Corporation Ii The CEO's salary of Kennedy Institute Housing Corporation Ii is $0 and their total compensation is $226,033.
What is the revenue of Kennedy Institute Housing Corporation Ii?
Kennedy Institute Housing Corporation Ii's revenue in 2024 was $158,663.
Who are the executives of Kennedy Institute Housing Corporation Ii and what are their salaries?
There 15 volunteers at Kennedy Institute Housing Corporation Ii.
Here are 19 key members and their salaries (Kennedy Institute Housing Corporation Ii's CEO's salary is $0 and their total compensation is $226,033):
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- Related: $211,538
- Other: $14,495
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- Related: $315,907
- Other: $28,660
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- Related: $196,583
- Other: $33,065
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- Related: $131,621
- Other: $33,562
- Compensation: $0
- Related: $196,423
- Other: $16,352
Where can I find the form 990 for Kennedy Institute Housing Corporation Ii?
Kennedy Institute Housing Corporation Ii's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Kennedy Institute Housing Corporation Ii
Kennedy Institute Housing Corporation II, established in 2001, has a mission centered around providing affordable housing for individuals with disabilities. Specifically, the organization focuses on individuals with chronic mental disabilities, operating under Section 811 of the National Affordable Housing Act. Kennedy Institute Housing Corporation II was funded by the U.S. Department of Housing and Urban Development (HUD) to construct and manage housing facilities for this population. The entity, overseen by HUD in terms of rental charges and operating methods, consists of 12 units. The mission of Kennedy Institute Housing Corporation II is therefore to contribute to the well-being of individuals with disabilities by offering them a safe and affordable living space, thereby aiding in their overall improvement and integration into society.
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Impact
October, 2024
Kennedy Institute Housing Corporation II plays a crucial role in enhancing the quality of life for individuals with disabilities by providing affordable housing specifically designed for the chronically mentally disabled. Established in 2001, this organization facilitates access to housing that enables residents to live independently while receiving the support they need.
With funding from the U.S. Department of Housing and Urban Development (HUD) through Section 811 of the National Affordable Housing Act, the Corporation has developed a 12-unit housing facility in Washington, D.C. This initiative not only addresses the urgent need for affordable housing options but also ensures regulatory oversight regarding rent charges and operational practices, promoting stability and security for its residents.
By focusing on this often underserved population, Kennedy Institute Housing Corporation II helps to reduce homelessness among individuals with disabilities, fostering a sense of community and belonging. The organization’s impact extends beyond housing; it also contributes to the overall empowerment and integration of residents into society, allowing them to lead more fulfilling lives.
This information is meant to be a general summary of Kennedy Institute Housing Corporation Ii. 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 2024.
- Investment Income: $128
- Program Service Revenue: $50,378
- Gross Receipts: $158,663
Assets and Liabilities:
- Total Assets: $990,311
- Total Liabilities: $1,780,926
- Net Assets: -$790,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$30,000
RENTAL INCOME
Revenue
$20,378
Organization Details
Founding Year
2001
Principal Officer
James J Malloy
NTEE Category
Code: L20 - Housing
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