Overview
What is Chp Kimberly Inc?
Chp Kimberly Inc, based in Columbus, Ohio, is a nonprofit organization committed to enhancing the living conditions of low- and moderate-income families. They achieve this by providing affordable housing through subsidized rents that are lower than market rates. As of the provided information, they have successfully managed to offer 184 units of affordable housing to those in need. The organization, operating under the name Marsh Run Apartments, is dedicated to improving the lives of individuals and families by providing them with a secure and affordable living space.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
Chp Kimberly Inc has received a low rating of 52%, indicating significant concerns regarding its accountability and financial practices. The organization does not have any independent board members, which raises potential issues related to governance and oversight. Although it has scored well in areas like audit and oversight committee and program expense ratio, the absence of essential policies and documentation, such as a conflict of interest policy and a whistleblower policy, highlights gaps in its governance framework.
Financially, Chp Kimberly Inc holds a concerning liabilities to assets ratio of 109.29%, signifying that its liabilities exceed its assets. This situation can be indicative of financial instability, which may pose risks to its operations and sustainability. While the program expense ratio is commendable at 91.43%, suggesting that a large portion of its expenses goes directly to programs, the overall financial health and governance practices need improvement to assure donors and stakeholders of its reliability.
In summary, while Chp Kimberly Inc demonstrates a strong commitment to its programs, the lack of independent oversight and missing governance policies hinder its effectiveness and transparency. Prospective donors should take these factors into consideration when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Chp Kimberly Inc legitimate?
Chp Kimberly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chp Kimberly 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $420,592
For more financial information, click here
What is the mission statement of Chp Kimberly Inc?
Chp Kimberly Inc's mission is focused on serving low and moderate income families. The organization's primary objective is to provide affordable housing through subsidized rents that are below market rate. By doing so, Chp Kimberly Inc has successfully offered 184 units of affordable housing, enhancing the lives of numerous individuals and families in need. The organization's activities also include programs designed to support these families, aiming to improve their overall living conditions.
Who is the CEO of Chp Kimberly Inc?
Leah F Evans is the Director/President of Chp Kimberly Inc.
What is the revenue of Chp Kimberly Inc?
Chp Kimberly Inc's revenue in 2022 was $1,822,599.
Who are the executives of Chp Kimberly Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $211,888
- Other: $23,697
- Compensation: $0
- Related: $180,845
- Other: $10,809
- Compensation: $0
- Related: $96,957
- Other: $653
- Compensation: $0
- Related: $134,481
- Other: $10,199
Where can I find the form 990 for Chp Kimberly Inc?
Chp Kimberly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chp Kimberly Inc
Chp Kimberly Inc, a nonprofit organization, is dedicated to providing low-income housing solutions for families who fall into the low and moderate income bracket. The primary objective of Chp Kimberly Inc is to enhance the lives of these individuals by offering affordable housing options. Through subsidized rents that are below market rate, Chp Kimberly Inc was able to provide 184 units of affordable housing to countless low and moderate income individuals and families. This initiative not only provides a roof over their heads but also aims to improve their overall living conditions. By offering such housing solutions, Chp Kimberly Inc plays a significant role in supporting families in need and contributing to their well-being.
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Impact
October, 2024
Chp Kimberly Inc significantly impacts the community by providing essential low-income housing to low and moderate-income families in Columbus, Ohio. The organization has created 184 units of affordable housing, offering subsidized rents that are below market rates. This initiative not only addresses the immediate need for affordable living spaces but also helps improve the overall quality of life for families by ensuring stable and secure housing. By focusing on housing, Chp Kimberly Inc plays a crucial role in fostering community development and helping individuals and families build a better future.
This information is meant to be a general summary of Chp Kimberly 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: $3,402
- Program Service Revenue: $871,780
- Gross Receipts: $1,822,599
Assets and Liabilities:
- Total Assets: $5,383,874
- Total Liabilities: $5,766,003
- Net Assets: -$382,129
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$871,523
TENANT CHARGES
Revenue
$257
Organization Details
Founding Year
1997
Phone
(614) 221-8889Principal Officer
Leah F Evans
Main Address
3443 AGLER RD, COLUMBUS, OH, 43219
NTEE Category
Code: L22 - Housing
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