Overview
What is Kirkland Homes Inc?
Kirkland Homes Inc is a nonprofit organization situated in Frederick, Maryland. Their primary mission is to provide affordable housing for individuals who are chronically mentally disabled, in line with Section 811 of the National Affordable Housing Act. They strive to cater to this specific group, ensuring they have a secure living space within their community. Their activities are centered around this exempt purpose, offering a supportive environment for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Star rating)
Kirkland Homes Inc has received a rating of 55% from Charity Navigator, indicating a One-Star status. This score reflects significant concerns regarding the organization’s accountability and financial practices. While the charity scores well in areas such as having a majority of independent board members and no material diversion of assets, it lacks essential governance policies and transparency, contributing to its low rating.
The organization does excel in its program expense ratio, which stands at 81.69%, suggesting that a substantial portion of its resources is allocated towards its charitable programs. This is a positive aspect, reflecting a commitment to its mission. However, the lack of critical policies such as conflict of interest and whistleblower protections, along with missing documentation of board meeting minutes, raises serious questions about governance practices.
Financially, Kirkland Homes Inc shows a concerning liabilities to assets ratio of 105.16%, indicating potential financial instability. Overall, while the organization demonstrates a strong commitment to its programs, its governance and financial management practices need substantial improvement to enhance its accountability and overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Kirkland Homes Inc legitimate?
Kirkland Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kirkland Homes Inc 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 Kirkland Homes Inc?
Kirkland Homes Inc's mission is centered around providing affordable housing for individuals dealing with chronic mental disabilities. This mission aligns with Section 811 of the National Affordable Housing Act. The organization's primary objective is to ensure that these individuals have access to decent and affordable housing, thereby enhancing their quality of life. Through its activities, Kirkland Homes Inc is committed to exempt housing purposes, contributing to the well-being of the mentally disabled community.
What is the revenue of Kirkland Homes Inc?
Kirkland Homes Inc's revenue in 2023 was $72,561.
Who are the executives of Kirkland Homes Inc and what are their salaries?
There 5 volunteers at Kirkland Homes Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $172,288
- Other: $20,272
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $451,063
- Other: $51,488
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kirkland Homes Inc?
Kirkland Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kirkland Homes Inc
Kirkland Homes Inc, a nonprofit organization, is dedicated to providing affordable housing for individuals who are chronically mentally disabled. Aligning with Section 811 of the National Affordable Housing Act, this mission is a critical part of their exempt purpose. Their primary goal is to create a living environment that caters to the unique needs of this vulnerable population, ensuring they have a safe and affordable place to call home. By providing such housing, Kirkland Homes Inc contributes to enhancing the quality of life for these individuals, enabling them to live with dignity and independence.
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Impact
August, 2024
Kirkland Homes Inc's impact lies in providing affordable housing to the chronically mentally disabled under Section 811 of the National Affordable Housing Act. By offering safe and stable housing options for this vulnerable population, Kirkland Homes Inc plays a crucial role in enhancing their quality of life and well-being. Their focused mission of addressing the housing needs of the chronically mentally disabled individuals in Frederick, MD, contributes to fostering a more inclusive and supportive community environment. Through their dedicated efforts, Kirkland Homes Inc is instrumental in promoting independence and dignity among those they serve.
This information is meant to be a general summary of Kirkland Homes Inc. 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 2023.
- Investment Income: $8
- Program Service Revenue: $32,645
- Gross Receipts: $72,561
Assets and Liabilities:
- Total Assets: $838,486
- Total Liabilities: $801,014
- Net Assets: $37,472
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$32,645
Organization Details
Founding Year
2006
Principal Officer
Sarah Norman
NTEE Category
Code: L20 - Housing
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