Overview
What is Kenmore Housing Development Fund Corporation?
Kenmore Housing Development Fund Corporation is a dedicated nonprofit organization, situated in the realm of housing support. Their primary mission is to combat chronic homelessness, shield individuals from imminent displacement, and enhance housing conditions for marginalized communities. They accomplish this by running and developing permanent supportive and affordable housing facilities. The organization employs a holistic approach, assessing each client's unique needs and fostering respectful and caring supportive communities to help them surmount barriers to self-sufficiency in housing. Their efforts aim to empower clients to reach their full housing potential.
Official website here: www.hsi-ny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Kenmore Housing Development Fund Corporation received a two-star rating from Charity Navigator, reflecting a need for improvement in various accountability and financial practices. With an overall score of 66%, the organization has strengths in areas like financial statements and oversight, where it scored full points. It also demonstrates good governance with established conflict of interest and whistleblower policies.
However, the organization faces significant challenges regarding board independence, as only 33% of its board members are independent. This lack of independent oversight can diminish the transparency and accountability that are crucial for nonprofit effectiveness. Additionally, the nonprofit's financial health is concerning, indicated by a liabilities to assets ratio of over 100%, which raises red flags about its long-term sustainability.
Despite these issues, the Kenmore Housing Development Fund Corporation maintains a high program expense ratio of 100%, suggesting that all its expenditures are directed towards its mission. However, the absence of posted tax documents on its website and other financial transparency lapses point to areas needing immediate attention to gain trust and improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Kenmore Housing Development Fund Corporation legitimate?
Kenmore Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenmore Housing Development Fund Corporation 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: $1,000,881
For more financial information, click here
Official website here: www.hsi-ny.org
What is the mission statement of Kenmore Housing Development Fund Corporation?
The Kenmore Housing Development Fund Corporation's mission is centered around addressing homelessness and housing issues. It aims to put an end to chronic homelessness, prevent displacement for those at risk, and enhance living conditions for marginalized individuals. This is accomplished through the operation and development of permanent supportive and affordable housing. The organization tailors its approach to each client's unique needs, fostering respectful and caring communities to help them overcome barriers to self-sufficiency in housing. By doing so, it enables these individuals to reach their fullest potential.
Official website here: www.hsi-ny.org
Who is the CEO of Kenmore Housing Development Fund Corporation?
James M Dill is the Trustee/Executive Director of Kenmore Housing Development Fund Corporation.
Official website here: www.hsi-ny.org
What is the revenue of Kenmore Housing Development Fund Corporation?
Kenmore Housing Development Fund Corporation's revenue in 2022 was $1,385,819.
Official website here: www.hsi-ny.org
Who are the executives of Kenmore Housing Development Fund Corporation and what are their salaries?
The average compensation at Kenmore Housing Development Fund Corporation during 2022 was $27,051. There are 37 employees at Kenmore Housing Development Fund Corporation.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $173,855
- Other: $28,207
- Compensation: $0
- Related: $172,294
- Other: $18,759
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $129,920
- Other: $19,365
- Compensation: $0
- Related: $147,505
- Other: $26,159
- Compensation: $0
- Related: $122,442
- Other: $24,634
- Compensation: $0
- Related: $144,778
- Other: $0
- Compensation: $0
- Related: $126,780
- Other: $0
Official website here: www.hsi-ny.org
Where can I find the form 990 for Kenmore Housing Development Fund Corporation?
Kenmore Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hsi-ny.org
Learn more at the official website: www.hsi-ny.org
Mission Statement of Kenmore Housing Development Fund Corporation
Kenmore Housing Development Fund Corporation is dedicated to addressing chronic homelessness and preventing displacement for individuals at risk. Their mission extends beyond providing housing; they strive to improve living conditions for marginalized communities. Through the development and operation of permanent supportive and affordable housing, the organization aims to help its clients achieve self-sufficiency. By assessing each individual's needs and creating supportive communities, Kenmore Housing Development Fund Corporation works to overcome the barriers that hinder their clients' success. This nonprofit organization operates with a genuine concern for the well-being of its clients, aiming to empower them to reach their fullest potential.
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Impact
October, 2024
Kenmore Housing Development Fund Corporation has a profound impact on the community by addressing the critical issues of chronic homelessness and housing insecurity. By operating permanent supportive and affordable housing, the organization helps to end homelessness and prevents displacement for individuals at risk.
Through its initiatives, Kenmore Housing focuses on improving housing conditions for marginalized populations, creating environments that foster stability and security. The organization assesses the unique needs of its clients, ensuring that support is tailored to help each individual achieve housing self-sufficiency. By building respectful, caring communities, Kenmore Housing empowers its clients to overcome barriers and pursue their goals, ultimately leading to enhanced quality of life.
The initiatives led by Kenmore Housing not only provide immediate shelter but also contribute to a broader social impact by fostering a sense of community and belonging among residents. By prioritizing affordable housing solutions, the organization plays a vital role in shifting the narrative around homelessness and housing instability, advocating for systemic change within the housing landscape in New York City.
This information is meant to be a general summary of Kenmore Housing Development Fund Corporation. 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 2022.
- Investment Income: $486
- Gross Receipts: $1,385,819
Assets and Liabilities:
- Total Assets: $808,110
- Total Liabilities: $816,635
- Net Assets: -$8,525
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Organization Details
Founding Year
1995
Phone
(212) 252-9377Principal Officer
James M Dill
Main Address
243 WEST 30TH STREET 2ND FL, NEW YORK, NY, 10001
Website
www.hsi-ny.orgNTEE Category
Code: L20Z - Housing
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