Overview
What is Associates Supported Housing C/O Keyway Management?
Associates Supported Housing, under the management of Keyway Management, is a nonprofit organization situated in West Des Moines, Iowa. Their primary mission is to offer federally subsidized housing for individuals with disabilities who have low incomes. This housing project, which was nearly fully occupied in 2022, plays a crucial role in providing a secure living environment for those in need. The organization's work is dedicated to enhancing the quality of life for these individuals, ensuring they have access to suitable housing options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Associates Supported Housing C/O Keyway Management has received a low rating due to significant financial concerns, particularly a high liabilities-to-assets ratio of 136.07%, which indicates potential financial instability. Despite this, the organization demonstrates positive governance practices with a fully independent board and well-documented board meeting minutes, which reflects a commitment to accountability.
The organization has a strong program expense ratio at 76.02%, indicating that a significant portion of its expenses is directed toward its programs rather than administrative costs. This aspect highlights the charity's dedication to its mission in providing housing support services. However, the financial challenges indicated by the assets-to-liabilities ratio remain a critical issue that may affect its long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Associates Supported Housing C/O Keyway Management legitimate?
Associates Supported Housing C/O Keyway Management is a legitimate nonprofit organization registered as a 501(c)(3) entity. Associates Supported Housing C/O Keyway Management 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: $6,824
For more financial information, click here
What is the mission statement of Associates Supported Housing C/O Keyway Management?
Associates Supported Housing, overseen by Keyway Management, is dedicated to providing federally subsidized housing for individuals with disabilities who fall under the low-income bracket. Their mission is centered around ensuring these individuals have access to suitable housing solutions. In 2022, the project was 96% occupied, demonstrating the organization's success in fulfilling this mission. The housing units aim to offer a secure and comfortable living environment for those in need. The organization's commitment extends beyond just providing housing, as they also strive to contribute positively to the lives of these individuals, thereby enhancing their overall well-being.
Who is the CEO of Associates Supported Housing C/O Keyway Management?
Susan Holm is the President of Associates Supported Housing C/O Keyway Management.
What is the revenue of Associates Supported Housing C/O Keyway Management?
Associates Supported Housing C/O Keyway Management's revenue in 2022 was $74,864.
Who are the executives of Associates Supported Housing C/O Keyway Management and what are their salaries?
There 7 volunteers at Associates Supported Housing C/O Keyway Management.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Associates Supported Housing C/O Keyway Management?
Associates Supported Housing C/O Keyway Management's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Associates Supported Housing C/O Keyway Management
Associates Supported Housing C/O Keyway Management is dedicated to providing federally subsidized housing for individuals with disabilities who have low income. This nonprofit organization's mission is to create an inclusive living environment where these individuals can reside with dignity and independence. In 2022, the project was 96% occupied, demonstrating its success in meeting the housing needs of this specific population. By offering federally subsidized housing, Associates Supported Housing C/O Keyway Management makes it possible for individuals with disabilities to secure a stable and affordable living situation, thereby improving their overall quality of life.
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Impact
August, 2024
Associates Supported Housing C/O Keyway Management's impact can be seen in its provision of federally subsidized housing for low-income individuals with disabilities in West Des Moines, IA. By offering a 10-unit housing project that was 96% occupied in 2022, this organization is playing a crucial role in addressing the housing needs of a vulnerable population. This initiative not only provides a safe and stable living environment for individuals with disabilities but also contributes to their overall well-being and quality of life. Through its mission to provide affordable housing options, Associates Supported Housing is making a tangible difference in the lives of those who are often marginalized and in need of support.
This information is meant to be a general summary of Associates Supported Housing C/O Keyway Management. 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: $20
- Program Service Revenue: $74,844
- Gross Receipts: $74,864
Assets and Liabilities:
- Total Assets: $860,831
- Total Liabilities: $1,144,992
- Net Assets: -$284,161
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSIDIZED RENTAL HOUSING
Revenue
$42,087
FEES & CONTRACTS GOV AGENCIES
Revenue
$32,288
WASHER AND DRYER
Revenue
$469
Organization Details
Founding Year
2008
Phone
(515) 225-4782Principal Officer
Susan Holm
Main Address
C/O KEYWAY MNGT, WEST DES MOINES, IA, 50266
NTEE Category
Code: L20 - Housing
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