Overview
What is Knoll View Corporation?
Knoll View Corporation is a nonprofit organization based in Sparta, New Jersey, dedicated to offering housing and congregate care services to elderly residents. They operate a 32-unit congregate care facility, which falls under Section 8 of the National Housing Act. This facility provides a safe and comfortable living space for senior citizens with low to moderate income, offering additional facilities and services such as administrative, community, health, recreational, educational, and welfare support. The New Jersey Department of Community Affairs (NJDCA) regulates the corporation's rental charges, while the New Jersey Housing and Mortgage Finance Agency (NJHMFA) oversees its operating expenses and methods. In total, the organization employs 16 individuals.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Knoll View Corporation has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The charity's score is based entirely on its Accountability & Finance, where it received an impressive score of 94%. This high rating signifies that the organization adheres to high standards and practices in managing its finances and governance.
The organization boasts a fully independent board, with 100% of its members being independent, which enhances its credibility and commitment to ethical oversight. Furthermore, it has received full points in key areas such as material diversion of assets, conflict of interest policies, and financial audits, indicating robust internal controls and transparency in its operations.
However, while the financial metrics are strong, the summary does not provide insights into the organization's programmatic effectiveness or impact on the community it serves. Potential donors may want to consider this aspect alongside the financial ratings to gain a comprehensive understanding of Knoll View Corporation's overall performance and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Knoll View Corporation legitimate?
Knoll View Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knoll View 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: $670,602
For more financial information, click here
What is the mission statement of Knoll View Corporation?
Knoll View Corporation's mission is focused on providing housing and care services for elderly residents. They operate a 32-unit congregate facility with the primary objective of offering decent, safe, and sanitary living quarters for senior citizens of low to moderate income. The facility also offers additional services such as administrative support, community programs, health care, recreational activities, educational resources, and welfare services to enhance the living experience of its elderly residents.
Who is the CEO of Knoll View Corporation?
Francesca Mckernan is the Treasurer of Knoll View Corporation.
What is the revenue of Knoll View Corporation?
Knoll View Corporation's revenue in 2022 was $797,551.
Who are the executives of Knoll View Corporation and what are their salaries?
The average compensation at Knoll View Corporation during 2022 was $41,913. There are 16 employees at Knoll View Corporation.
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- Related: $146,958
- Other: $13,909
Where can I find the form 990 for Knoll View Corporation?
Knoll View Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Knoll View Corporation
Knoll View Corporation is dedicated to providing housing and congregate care services to elderly residents. Their primary mission is to develop and operate a 32-unit congregate care facility, designed specifically for the needs of senior citizens of low to moderate income. This facility serves as a sanctuary, offering decent, safe, and sanitary dwelling units to these individuals. Beyond just housing, Knoll View Corporation also provides a variety of additional services to enrich the lives of its elderly residents. These services may include administrative, community, health, recreational, educational, and welfare facilities or programs. By offering such comprehensive care, Knoll View Corporation aims to improve the quality of life for senior citizens in need, providing them with the support they require to live comfortably and with dignity.
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Impact
October, 2024
Knoll View Corporation significantly impacts the elderly community in Sparta, NJ, by offering essential housing and care services. Operating a 32-unit congregate care facility, it provides a secure and supportive environment for senior citizens, particularly those with low to moderate incomes. The organization focuses on ensuring that residents have access to decent, safe, and sanitary living conditions, while also facilitating a range of related services.
By adhering to regulations set forth by the New Jersey Department of Community Affairs and the New Jersey Housing and Mortgage Finance Agency, Knoll View Corporation maintains affordability and accountability in its operating practices. This commitment to quality service not only addresses the immediate housing needs of elderly residents but also enhances their overall well-being by offering administrative, health, recreational, and educational services. This holistic approach fosters a sense of community among residents, improving their quality of life and allowing them to thrive in a nurturing environment.
This information is meant to be a general summary of Knoll View 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: $198
- Program Service Revenue: $697,460
- Gross Receipts: $797,551
Assets and Liabilities:
- Total Assets: $1,515,592
- Total Liabilities: $105,288
- Net Assets: $1,410,304
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
APARTMENT RENT
Revenue
$288,280
CONGREGATE HOUSE
Revenue
$255,690
MEDICAID WAVER
Revenue
$138,457
ASSISTED LIVING
Revenue
$15,033
Organization Details
Founding Year
1994
Phone
(973) 729-4311Principal Officer
Francesca Mckernan
Main Address
39 TRAPASSO DRIVE, SPARTA, NJ, 07871
NTEE Category
Code: L200 - Housing
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