Overview
What is Keystone Housing Development Corporation?
Keystone Housing Development Corporation is a nonprofit organization situated in Philadelphia, Pennsylvania. Established with a mission to cater to the needs of disabled individuals, the organization provides them with suitable housing facilities. Their primary objective involves acquiring, rehabilitating, constructing, and operating affordable housing projects in Philadelphia. As of June 30, 2022, they successfully provided 11 such units to disabled persons. The organization aims to offer low-income, safe, affordable, and permanent housing for disabled individuals, as identified by federal, state, or county officials.
Official website here: www.missionfirsthousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
Keystone Housing Development Corporation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization scored 93% in its overall rating, which is based entirely on its Accountability & Finance score, indicating that it prioritizes transparency and responsible financial management.
The nonprofit excels in several key areas, including having a predominantly independent board with 75% of its members independent and well-defined policies in place for conflict of interest, whistleblower protections, and document retention. Furthermore, it reports a high program expense ratio of 91.82%, suggesting that the majority of its funds are directed towards its mission-driven activities rather than administrative costs.
However, while the organization shows a solid liabilities to assets ratio of 55.91%, there may still be room for improvement in this area to enhance its financial stability further. Overall, Keystone Housing Development Corporation demonstrates significant strengths in governance and accountability, making it a reliable choice for potential donors looking to support effective nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Keystone Housing Development Corporation legitimate?
Keystone Housing Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keystone Housing Development 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: $18,588
For more financial information, click here
Official website here: www.missionfirsthousing.org
What is the mission statement of Keystone Housing Development Corporation?
The Keystone Housing Development Corporation is organized with the purpose of acquiring, rehabilitating, constructing, owning, and operating affordable housing projects. This initiative is aimed at providing safe, affordable, and permanent housing for individuals identified as disabled, as per the guidelines set by federal, state, or county officials. The corporation's mission is to ensure that disabled individuals have access to housing facilities and services that cater to their physical, social, and psychological needs. As of the year ending June 30, 2022, the organization provided housing to 11 disabled individuals.
Official website here: www.missionfirsthousing.org
Who is the CEO of Keystone Housing Development Corporation?
Thomas Ak Queenan is the President of Keystone Housing Development Corporation.
Official website here: www.missionfirsthousing.org
What is the revenue of Keystone Housing Development Corporation?
Keystone Housing Development Corporation's revenue in 2022 was $67,892.
Official website here: www.missionfirsthousing.org
Who are the executives of Keystone Housing Development Corporation and what are their salaries?
There 5 volunteers at Keystone Housing Development Corporation.
Here are 7 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: $215,076
- Other: $20,395
- Compensation: $0
- Related: $197,715
- Other: $20,779
- Compensation: $0
- Related: $185,000
- Other: $20,395
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.missionfirsthousing.org
Where can I find the form 990 for Keystone Housing Development Corporation?
Keystone Housing Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.missionfirsthousing.org
Learn more at the official website: www.missionfirsthousing.org
Mission Statement of Keystone Housing Development Corporation
Keystone Housing Development Corporation is an organization dedicated to addressing the housing needs of disabled individuals. Its mission is to acquire, rehabilitate, construct, own, and operate affordable housing projects. This nonprofit aims to provide low-income, safe, and permanent housing for disabled individuals, as identified by federal, state, or county officials. The corporation's primary goal is to create housing facilities that cater to the physical, social, and psychological needs of these individuals, ensuring they have a suitable living environment. As of June 30, 2022, the organization had successfully provided housing to 11 disabled persons, demonstrating its commitment to its mission.
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Impact
August, 2024
Keystone Housing Development Corporation's impact can be seen in its dedicated efforts to acquire, rehabilitate, construct, own, and operate affordable housing projects in Philadelphia. Specifically focused on providing low-income, safe, affordable, and permanent housing for disabled individuals as identified by federal, state, or county officials, the organization plays a crucial role in meeting the housing needs of this vulnerable population. In the past year, Keystone Housing Development Corporation has provided 11 units to disabled persons, underscoring its commitment to ensuring that this community has access to housing facilities and services that cater to their physical, social, and psychological needs. Through its mission-driven work, Keystone Housing Development Corporation is making a tangible difference in the lives of disabled individuals in Philadelphia.
This information is meant to be a general summary of Keystone Housing Development 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: $39
- Program Service Revenue: $67,678
- Gross Receipts: $67,892
Assets and Liabilities:
- Total Assets: $533,884
- Total Liabilities: $256,701
- Net Assets: $277,183
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$36,647
TENANT ASSISTANCE PAYM
Revenue
$31,031
Organization Details
Founding Year
2002
Phone
(215) 557-8484Principal Officer
Thomas Ak Queenan
Main Address
2042-48 ARCH STREET 2ND FLOOR, PHILADELPHIA, PA, 191031412
Website
www.missionfirsthousing.orgNTEE Category
Code: L21 - Housing
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