Overview
What is Keyhole To Opportunity?
Keyhole To Opportunity is a dedicated nonprofit organization located in Marion, Illinois. Their primary mission is to provide safe and affordable housing for individuals with low incomes. They achieve this by developing, managing, and operating properties that cater to the unique needs and living requirements of very low, low, and moderate income people, adhering to the Federal Fair Housing Law. Beyond housing, Keyhole To Opportunity offers a range of social programs and services to all tenants, ensuring a comprehensive living experience for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Keyhole To Opportunity has earned a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization showcases a robust accountability framework with a fully independent board and strong financial oversight, achieving high scores in areas such as audit quality and asset management.
However, there are some areas for improvement, particularly in governance policies. While the organization has implemented several key policies, it lacks a whistleblower policy, which could enhance its accountability measures. Additionally, the liabilities to assets ratio might raise concerns, indicating a moderate level of financial leverage.
Overall, Keyhole To Opportunity demonstrates a commitment to financial transparency and responsible management, but addressing the gaps in governance could further strengthen its standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Keyhole To Opportunity legitimate?
Keyhole To Opportunity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keyhole To Opportunity 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
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What is the mission statement of Keyhole To Opportunity?
Keyhole To Opportunity's mission is centered around providing safe and affordable housing for individuals with low income, adhering to the principles of the Federal Fair Housing Law. They strive to achieve this by diligently developing and managing properties, ensuring that social programs and various services are accessible to all tenants. The organization's efforts aim to improve the living conditions of very low, low, and moderate income individuals, thereby contributing to their overall well-being.
Who is the CEO of Keyhole To Opportunity?
James E Covey Jr is the Secretary of Keyhole To Opportunity.
What is the revenue of Keyhole To Opportunity?
Keyhole To Opportunity's revenue in 2022 was $840,315.
Who are the executives of Keyhole To Opportunity and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Keyhole To Opportunity?
Keyhole To Opportunity's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keyhole To Opportunity
Keyhole To Opportunity, a nonprofit organization, is dedicated to fulfilling its mission by providing safe and affordable housing for individuals with low income. This mission is achieved through diligent efforts in developing and managing properties that cater to the unique needs and living requirements of this demographic. The organization goes beyond just offering housing by making social programs and various services accessible to all tenants, ensuring a holistic approach to their well-being. By adhering to the principles of the Federal Fair Housing Law, Keyhole To Opportunity plays a significant role in promoting inclusivity and equality, thereby contributing to the betterment of its tenants' lives.
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Impact
October, 2024
Keyhole To Opportunity has a profound impact on the community by addressing the critical need for safe and affordable housing for very low, low, and moderate-income individuals. Through diligent efforts, it has successfully acquired, constructed, and managed properties that meet the unique living requirements of its tenants, aligning with the Federal Fair Housing Law.
By providing not just housing, but also social programs and additional services, Keyhole To Opportunity enhances the quality of life for its residents. This comprehensive approach helps empower low-income tenants, fostering a sense of community and stability that is essential for personal and collective growth. The organization creates opportunities for individuals and families to thrive, ultimately contributing to stronger, more resilient neighborhoods in Marion, IL, and beyond.
This information is meant to be a general summary of Keyhole To Opportunity. 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: $2,101
- Program Service Revenue: $163,484
- Gross Receipts: $840,315
Assets and Liabilities:
- Total Assets: $2,507,706
- Total Liabilities: $1,731,391
- Net Assets: $776,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOW-INCOME HOUSING REN
Revenue
$163,484
Organization Details
Founding Year
2005
Phone
(618) 997-5365Principal Officer
James E Covey Jr
Main Address
1412 SHAWNEE DRIVE, MARION, IL, 62959
NTEE Category
Code: L21 - Housing
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