Overview
What is Kinston Towers I?
Kinston Towers I is a nonprofit organization situated in Kinston, North Carolina. Its primary focus is on providing affordable housing to the elderly population who fall within the low-income bracket. The organization's mission is deeply rooted in this mission statement, aiming to cater to the housing needs of this specific demographic. The exact location of the organization within the city is not provided in the information, but it is known to send mail to a PO Box in Kinston.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
Kinston Towers I has received a low rating of 52% from Charity Navigator, indicating concerns regarding its accountability and financial management. The organization lacks independent board members, which raises questions about its oversight and governance. While it scored well in certain areas such as the absence of material diversion of assets and a good program expense ratio, the overall rating suggests significant deficiencies in its operational transparency and adherence to best practices.
Key strengths include a solid program expense ratio of 100%, indicating that all its reported expenses are directed toward its programs. However, critical weaknesses are evident in missing policies and documentation, such as a conflict of interest policy, whistleblower policy, and proper retention of financial documents. Additionally, the absence of a website listed on its tax form and failure to post tax forms on its site curtail public access to important information about the organization.
These limitations highlight potential risks in governance and financial reporting, which could affect donor trust and support. The lack of independent board members and low accountability scores may hinder the nonprofit's ability to effectively manage resources and maintain transparency, making it vital for potential donors to consider these factors before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Kinston Towers I legitimate?
Kinston Towers I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kinston Towers I 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 Kinston Towers I?
Kinston Towers I is committed to delivering affordable housing solutions for the elderly population living below the income threshold. Their mission is clearly defined as providing a home for this specific demographic, ensuring they can reside in a suitable environment without financial strain. By offering affordable housing, Kinston Towers I aims to contribute positively to the lives of the elderly, making a significant difference in their living circumstances.
Who is the CEO of Kinston Towers I?
Rhonda Abbott is the President of Kinston Towers I.
What is the revenue of Kinston Towers I?
Kinston Towers I's revenue in 2022 was $1,214,776.
Who are the executives of Kinston Towers I and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $131,754
- Other: $0
- Compensation: $0
- Related: $96,538
- Other: $0
- Compensation: $0
- Related: $59,974
- Other: $0
Where can I find the form 990 for Kinston Towers I?
Kinston Towers I's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kinston Towers I
Kinston Towers I is a dedicated nonprofit organization with a mission to provide affordable housing for the elderly population who are financially disadvantaged. Their primary objective is to ensure that this vulnerable group has access to suitable living spaces, thereby contributing to their overall well-being. By offering affordable housing, Kinston Towers I plays a vital role in supporting the elderly, enabling them to maintain their independence and dignity, and fostering a sense of community among them.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Kinston Towers I significantly impacts the local community by addressing the critical need for affordable housing for low-income elderly individuals. By providing secure and accessible living accommodations, it enhances the quality of life for its residents, allowing them to maintain independence while having access to essential services and support. The presence of such housing not only alleviates financial burdens for elderly residents but also fosters a sense of community and companionship, contributing to their overall well-being. In a city like Kinston, NC, Kinston Towers I serves as a vital resource, ensuring that the elderly population can thrive in a supportive environment.
This information is meant to be a general summary of Kinston Towers I. 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: $560
- Program Service Revenue: $1,213,803
- Gross Receipts: $1,214,776
Assets and Liabilities:
- Total Assets: $1,581,394
- Total Liabilities: $2,123,201
- Net Assets: -$541,807
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Provide housing to low-income elderly
Revenue
$1,213,803
Organization Details
Founding Year
2007
Phone
(252) 523-1195Principal Officer
Rhonda Abbott
Main Address
PO Box 697, Kinston, NC, 28502
NTEE Category
Code: L21 - Housing
If you are a representative of Kinston Towers I and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.