Overview
What is Kingsbury Corporation?
Kingsbury Corporation is a nonprofit organization, headquartered in Trenton, New Jersey, specifically at ONE KINGSBURY SQUARE. Its primary mission is to offer subsidized housing opportunities for individuals and families with low to moderate incomes. By dedicating their resources solely towards this purpose, they ensure that all their operational expenses are directly tied to this goal. The organization employs a team of 56 individuals, working tirelessly to accomplish this objective.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kingsbury Corporation received a two-star rating from Charity Navigator, reflecting a score of 62%. This indicates some shortcomings in accountability and financial transparency. While the organization has achieved full marks for having a majority of independent board members and a robust conflict of interest policy, it struggles significantly with financial statement accessibility and documentation practices.
The organization demonstrates a strong commitment to its programs, as evidenced by a high program expense ratio of 90.76%. However, the lack of transparency is concerning, with major gaps in financial documentation, including missing financial statements and incomplete posting of tax forms on its website. These factors contribute to the need for improvement in governance and communication with stakeholders.
Overall, Kingsbury Corporation showcases some positive attributes, including an independent board and effective policies for whistleblowing and document retention. Nonetheless, to enhance its standing and trust within the community, addressing the identified weaknesses in financial reporting and transparency will be essential.
This AI summary has been generated from information found on Charity Navigator.
Is Kingsbury Corporation legitimate?
Kingsbury Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingsbury 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: $1,348,206
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What is the mission statement of Kingsbury Corporation?
The Kingsbury Corporation is dedicated to providing housing solutions for individuals and families with modest incomes. Their primary objective is to offer subsidized housing, ensuring that financial constraints do not hinder the pursuit of adequate living spaces. All the corporation's expenditures are channeled towards this purpose, reflecting their commitment to this cause. By providing affordable housing, Kingsbury Corporation contributes to the well-being of its community, enabling low-income individuals to secure a stable living environment. The organization's activities are focused on making housing accessible, thereby enhancing the quality of life for its target demographic.
Who is the CEO of Kingsbury Corporation?
Pastor Rupert A Hall Jr is the President of Kingsbury Corporation.
What is the revenue of Kingsbury Corporation?
Kingsbury Corporation's revenue in 2021 was $5,602,951.
Who are the executives of Kingsbury Corporation and what are their salaries?
The average compensation at Kingsbury Corporation during 2021 was $24,075. There are 56 employees at Kingsbury Corporation.
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Where can I find the form 990 for Kingsbury Corporation?
Kingsbury Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Kingsbury Corporation
Kingsbury Corporation, a nonprofit organization, is dedicated to providing housing solutions for individuals and families with moderate to low incomes. Its primary mission is to ensure that these individuals and families have access to subsidized housing. The corporation incurs all expenses solely for this purpose, demonstrating its commitment to this cause. By offering affordable housing, Kingsbury Corporation aims to make a significant impact on the lives of those in need, providing them with a stable living environment.
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Impact
October, 2024
Kingsbury Corporation plays a vital role in addressing housing needs for low to moderate income individuals and families in Trenton, NJ. By providing subsidized housing, the organization helps to alleviate the financial burdens that often accompany housing costs, making stable living conditions accessible to those who might otherwise struggle to find affordable options. This not only fosters a sense of security and community among residents but also contributes to the broader goal of reducing homelessness and housing instability in the area. Through its dedicated efforts, Kingsbury Corporation directly impacts the quality of life for many, ensuring that vulnerable populations have a place to call home.
This information is meant to be a general summary of Kingsbury 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 2021.
- Investment Income: $565
- Program Service Revenue: $5,537,858
- Gross Receipts: $5,602,951
Assets and Liabilities:
- Total Assets: $8,309,783
- Total Liabilities: $7,446,334
- Net Assets: $863,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMMERCIAL RENTS
Revenue
$99,180
RENT INCOME
Revenue
$5,438,678
Organization Details
Founding Year
1969
Principal Officer
Pastor Rupert A Hall Jr
Main Address
ONE KINGSBURY SQUARE, Trenton, NJ, 08611
NTEE Category
Code: L210 - Housing
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