Overview
What is Kent Affordable Housing Inc?
Kent Affordable Housing Inc., headquartered in Kent, Connecticut, is a dedicated nonprofit organization committed to promoting and supporting affordable housing in the community. Their initiatives include managing two housing complexes: Stuart Farm Apartments, comprising 13 units across three phases, and South Commons with 24 units. Furthermore, their Parcel Program has enabled a local resident to construct and maintain an affordable home on leasehold land, demonstrating their comprehensive approach to addressing housing needs.
Official website here: www.kentaffordablehousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
Kent Affordable Housing Inc has received an overall score of 86%, which reflects its strong performance in accountability and finance. This score is based solely on a single beacon score, indicating that the organization prioritizes transparency and sound financial practices. The charity has demonstrated full compliance with various governance checks, showing that it is well-managed with an entirely independent board and effective oversight mechanisms.
The organization excels particularly in its program expenses, with a ratio of 92.99%, indicating that a significant portion of its resources is directed toward fulfilling its mission of providing affordable housing. Additionally, it maintains rigorous financial oversight and internal policies, scoring perfect marks in areas like conflict of interest, whistleblower protections, and document retention.
However, while the charity performs well in many areas, its liabilities to assets ratio stands at 62.96%, suggesting potential concerns about financial leverage and sustainability. Overall, Kent Affordable Housing Inc shows a solid commitment to accountability, although monitoring of its financial health may be advisable for future stability.
This AI summary has been generated from information found on Charity Navigator.
Is Kent Affordable Housing Inc legitimate?
Kent Affordable Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kent Affordable Housing 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.
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Official website here: www.kentaffordablehousing.org
What is the mission statement of Kent Affordable Housing Inc?
Kent Affordable Housing Inc is committed to promoting and supporting affordable housing within its community. Through various initiatives, the organization aims to create and manage housing projects that cater to individuals with limited financial resources. One of their notable projects is Stuart Farm Apartments, a complex consisting of 13 units spread across three phases. Additionally, Kent Affordable Housing Inc manages South Commons, a property with 24 units. Their Parcel Program also allows a local resident to build and maintain a home on leased land, further expanding the availability of affordable housing. Overall, Kent Affordable Housing Inc works tirelessly to enhance housing accessibility for those in need.
Official website here: www.kentaffordablehousing.org
Who is the CEO of Kent Affordable Housing Inc?
Andrea Sehl is the President of Kent Affordable Housing Inc.
Official website here: www.kentaffordablehousing.org
What is the revenue of Kent Affordable Housing Inc?
Kent Affordable Housing Inc's revenue in 2022 was $584,488.
Official website here: www.kentaffordablehousing.org
Who are the executives of Kent Affordable Housing Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.kentaffordablehousing.org
Where can I find the form 990 for Kent Affordable Housing Inc?
Kent Affordable Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kentaffordablehousing.org
Learn more at the official website: www.kentaffordablehousing.org
Mission Statement of Kent Affordable Housing Inc
Kent Affordable Housing Inc, a dedicated organization, is committed to promoting and supporting affordable housing in its community. This nonprofit takes an active role in creating and managing housing projects, aiming to make housing more accessible for its residents. One of Kent Affordable Housing Inc's significant contributions is the management of an affordable housing complex known as Stuart Farm Apartments, which consists of three phases with a total of 13 units. Additionally, the organization oversees South Commons, a property with 24 units. Beyond these physical projects, Kent Affordable Housing Inc also has a Parcel Program, which has enabled a local resident to build and maintain a home on land leased through the program. This initiative underscores the organization's dedication to making affordable housing a reality for its community members.
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Impact
July, 2024
Kent Affordable Housing Inc's impact in the community of Kent, Connecticut is significant. By promoting and supporting affordable housing initiatives, the organization plays a crucial role in addressing housing insecurity and making housing more accessible to residents. Through the management of affordable housing complexes such as Stuart Farm Apartments and South Commons, Kent Affordable Housing Inc provides much-needed housing options for individuals and families in need.
Additionally, the organization's Parcel Program, which allows Kent residents to build and maintain homes on leased land, further contributes to increasing homeownership opportunities in the community. Overall, Kent Affordable Housing Inc's efforts have a tangible and positive impact on the lives of individuals and families by ensuring they have access to safe and affordable housing options.
This information is meant to be a general summary of Kent Affordable Housing 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 2022.
- Investment Income: $3,657
- Program Service Revenue: $361,816
- Gross Receipts: $584,488
Assets and Liabilities:
- Total Assets: $6,127,783
- Total Liabilities: $3,766,582
- Net Assets: $2,361,201
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$361,816
Organization Details
Founding Year
1990
Phone
(860) 927-5022Principal Officer
Andrea Sehl
Main Address
PO BOX 265, KENT, CT, 067570265
NTEE Category
Code: L21Z - Housing
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