Overview
What is Kings Crossing Apartments?
Kings Crossing Apartments is a 50-unit housing complex specifically designed for elderly individuals, situated within Frogtown Square at University and Dale in Saint Paul, Minnesota (55104). Operated under Section 202 of the National Housing Act, this project is regulated by the U.S. Department of Housing and Urban Development (HUD). Its primary mission is to improve the lives of senior adults, providing homes and services that cater to their physical, social, and spiritual needs. The complex aims to offer a comfortable living environment, fostering a sense of community and support for its residents.
Official website here: www.ehomesmn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
Kings Crossing Apartments has achieved an impressive score of 97%, signifying a strong commitment to accountability and financial health. This high rating is solely based on a single beacon score, indicating that the organization excels in its operational transparency and financial management practices.
The organization demonstrates a robust governance structure with an entirely independent board, consisting of 19 members, which is a critical strength. Additionally, it has successfully implemented various policies, including conflict of interest and whistleblower protections, reflecting a thorough commitment to ethical practices. Its low liabilities to assets ratio and a high program expense ratio indicate effective resource allocation towards its mission.
While the data showcases numerous strengths, it's important to consider that the rating derives from limited metrics, focusing primarily on accountability and finance. Potential donors may want to explore additional factors such as program impact and community feedback to gain a comprehensive view of the organization's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kings Crossing Apartments legitimate?
Kings Crossing Apartments is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings Crossing Apartments 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: $85,444
For more financial information, click here
Official website here: www.ehomesmn.org
What is the mission statement of Kings Crossing Apartments?
The mission of Kings Crossing Apartments is centered around enhancing the quality of life for senior adults. They accomplish this by providing housing and services that cater to each individual's physical, social, and spiritual needs. The apartment complex, operated under Section 202 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development (HUD), provides homes for elderly individuals, aged 62 or older, promoting a comfortable and supportive living environment.
Official website here: www.ehomesmn.org
Who is the CEO of Kings Crossing Apartments?
Marvin Plakut is the President/Ceo of Kings Crossing Apartments. The CEO's salary of Kings Crossing Apartments is $0 and their total compensation is $340,653.
Official website here: www.ehomesmn.org
What is the revenue of Kings Crossing Apartments?
Kings Crossing Apartments's revenue in 2022 was $495,063.
Official website here: www.ehomesmn.org
Who are the executives of Kings Crossing Apartments and what are their salaries?
There 29 volunteers at Kings Crossing Apartments.
Here are 26 key members and their salaries (Kings Crossing Apartments's CEO's salary is $0 and their total compensation is $340,653):
- Compensation: $0
- Related: $326,339
- Other: $14,314
- Compensation: $0
- Related: $195,260
- Other: $27,908
- Compensation: $0
- Related: $150,647
- Other: $28,252
- Compensation: $0
- Related: $146,530
- Other: $10,338
- Compensation: $0
- Related: $105,489
- Other: $16,920
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ehomesmn.org
Where can I find the form 990 for Kings Crossing Apartments?
Kings Crossing Apartments's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ehomesmn.org
Learn more at the official website: www.ehomesmn.org
Mission Statement of Kings Crossing Apartments
Kings Crossing Apartments, a 50-unit housing project, is dedicated to enhancing the quality of life for senior adults. Their mission is multifaceted, aiming to provide homes and services that cater to the physical, social, and spiritual needs of each individual residing in the complex. By doing so, Kings Crossing Apartments seeks to create an environment that supports the elderly residents, ensuring they live with dignity and comfort. This project operates under Section 202 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD).
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Impact
July, 2024
Kings Crossing Apartments provides essential affordable housing for low-income elderly individuals aged 62 and older in Saint Paul, Minnesota. Operating under HUD Section 202, this 50-unit apartment complex at Frogtown Square supports the physical, social, and spiritual needs of senior adults. By offering quality homes and services, Kings Crossing Apartments positively impacts the lives of elderly residents, ensuring they have a safe and comfortable place to call home.
This information is meant to be a general summary of Kings Crossing Apartments. 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: $96
- Program Service Revenue: $454,165
- Gross Receipts: $495,063
Assets and Liabilities:
- Total Assets: $4,867,990
- Total Liabilities: $264,596
- Net Assets: $4,603,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENTAL INC
Revenue
$454,165
Organization Details
Founding Year
2009
Phone
(651) 493-4606Principal Officer
Marvin Plakut
Main Address
490 LYNNHURST AVENUE EAST, SAINT PAUL, MN, 55104
Website
www.ehomesmn.orgNTEE Category
Code: L22 - Housing
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