Overview
What is Sherrill-Kenwood Community Retirement Housing Corporation?
Sherrill-Kenwood Community Retirement Housing Corporation is a nonprofit organization, established with a specific mission to develop, own, and manage low-income housing projects. Located in Rome, New York, they provide apartment rentals to elderly and handicapped individuals who fall under the low to moderate income bracket. The organization's 80-unit project was funded through a loan from the Federal Housing Administration (FHMA) and operates under the Section 8 program, which provides federally subsidized rents. The Corporation adheres to Article XI of the Private Housing Finance Law of the State of New York, ensuring they operate on a nonprofit basis.
Official website here: www.crmrentalmgmt.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Sherrill-Kenwood Community Retirement Housing Corporation has achieved an impressive Four-Star rating, reflecting its strong commitment to accountability and finance, with a score of 96%. This rating is based solely on its accountability and finance metrics, indicating a high level of transparency and effective management of resources, crucial for donor confidence.
The organization demonstrates excellence in governance with a fully independent board, featuring 100% independent members, ensuring unbiased decision-making. Additionally, it has received top scores for its financial audits and has no reported material diversion of assets, further underscoring its integrity and fiscal responsibility.
With a program expense ratio of 82.92%, the nonprofit effectively allocates a significant portion of its resources towards its mission, which benefits the community it serves. Overall, the organization's robust policies regarding conflict of interest, whistleblower protections, and document retention enhance its operational credibility, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Sherrill-Kenwood Community Retirement Housing Corporation legitimate?
Sherrill-Kenwood Community Retirement Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sherrill-Kenwood Community Retirement Housing 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: $138,236
For more financial information, click here
Official website here: www.crmrentalmgmt.com
What is the mission statement of Sherrill-Kenwood Community Retirement Housing Corporation?
The Sherrill-Kenwood Community Retirement Housing Corporation was established with the primary objective of developing, owning, and operating a low-income housing project on a nonprofit basis. This mission is in accordance with Article XI of the Private Housing Finance Law of New York. The corporation offers apartment rental to low to moderate income elderly and handicapped individuals, with the rents being federally subsidized under the Section 8 program. The 80-unit project was constructed through a loan from FMHA, indicating a commitment to providing affordable housing solutions for those in need.
Official website here: www.crmrentalmgmt.com
Who is the CEO of Sherrill-Kenwood Community Retirement Housing Corporation?
Rev Robert B Kolvik-Cam is the Principal Officer of Sherrill-Kenwood Community Retirement Housing Corporation.
Official website here: www.crmrentalmgmt.com
What is the revenue of Sherrill-Kenwood Community Retirement Housing Corporation?
Sherrill-Kenwood Community Retirement Housing Corporation's revenue in 2022 was $713,801.
Official website here: www.crmrentalmgmt.com
Who are the executives of Sherrill-Kenwood Community Retirement Housing Corporation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.crmrentalmgmt.com
Where can I find the form 990 for Sherrill-Kenwood Community Retirement Housing Corporation?
Sherrill-Kenwood Community Retirement Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.crmrentalmgmt.com
Learn more at the official website: www.crmrentalmgmt.com
Mission Statement of Sherrill-Kenwood Community Retirement Housing Corporation
Sherrill-Kenwood Community Retirement Housing Corporation, a nonprofit organization, was established with a specific purpose: to develop, own, and operate a low-income housing project on a nonprofit basis. This mission is in accordance with Article XI of the Private Housing Finance Law of New York State. The corporation's primary focus is on providing housing solutions for the elderly and handicapped individuals who fall under the low-to-moderate income bracket. The rents for these apartments are subsidized under the Section 8 program, ensuring that affordable housing is within reach for those who need it most. The corporation constructed an 80-unit project with the support of a loan from FMHA, further cementing its commitment to providing affordable housing options.
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
Sherrill-Kenwood Community Retirement Housing Corporation provides essential housing solutions for low to moderate-income elderly and handicapped individuals in Rome, NY. By offering affordable apartments with federally subsidized rents under the Section 8 program, the organization plays a crucial role in addressing the housing needs of vulnerable populations.
With an 80-unit project specifically designed to enhance the quality of life for its residents, Sherrill-Kenwood not only offers stability and security to those who might otherwise struggle to find suitable living arrangements, but also fosters a sense of community among its tenants. The organization’s commitment to developing, owning, and operating a low-income housing project contributes significantly to the wellbeing of its residents, helping them maintain independence and dignity in their later years. Through its efforts, Sherrill-Kenwood positively impacts the local community by reducing housing insecurity and supporting the most marginalized individuals in society.
This information is meant to be a general summary of Sherrill-Kenwood Community Retirement Housing 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 2022.
- Investment Income: $78
- Program Service Revenue: $707,715
- Gross Receipts: $713,801
Assets and Liabilities:
- Total Assets: $3,176,209
- Total Liabilities: $1,512,958
- Net Assets: $1,663,251
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.
RENT INCOME- APTS
Revenue
$707,715
Organization Details
Founding Year
1982
Phone
(315) 337-1401Principal Officer
Rev Robert B Kolvik-Cam
Main Address
117 W LIBERTY STREET 6, ROME, NY, 13440
Website
www.crmrentalmgmt.comNTEE Category
Code: L210 - Housing
If you are a representative of Sherrill-Kenwood Community Retirement Housing Corporation 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.