Overview
What is Beyth Hak - Kerem Trust 1?
Beyth Hak - Kerem Trust 1 is a Property Holding Corporation situated in Lorain, Ohio. The trust's primary activity involves renting church facilities to a local church on the north coast at a rate below the fair market value. As a Property Holding Corporation, Beyth Hak - Kerem Trust 1 manages and maintains the properties it owns, in this case, church facilities, providing essential resources to the church community. The trust's mission is centered around supporting the local church by offering them a place to conduct their services at a reduced cost.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Beyth Hak - Kerem Trust 1 has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The organization's overall score is derived entirely from its financial metrics, with a perfect score in all assessed areas, showcasing effective management of resources. Notably, the charity has a 100% independent board and demonstrates no material diversion of assets, indicating a robust governance structure.
The charity's policies are well-documented, including a conflict of interest policy, a whistleblower policy, and guidelines for document retention, all of which are essential for transparency and ethical operations. Additionally, with a program expense ratio of 100%, Beyth Hak - Kerem Trust 1 ensures that all funds are utilized for its intended charitable purposes, maximizing its impact within the community it serves.
While the ratings are exceptionally positive, it is important for potential donors to consider ongoing evaluations and feedback from beneficiaries and clients to gain a full understanding of the charity's effectiveness. Overall, Beyth Hak - Kerem Trust 1 stands out as a highly rated organization committed to fulfilling its mission responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Beyth Hak - Kerem Trust 1 legitimate?
Beyth Hak - Kerem Trust #1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beyth Hak - Kerem Trust #1 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:
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What is the mission statement of Beyth Hak - Kerem Trust 1?
Beyth Hak - Kerem Trust 1 functions as a Property Holding Corporation, primarily engaging in renting out church facilities at a rate lower than the fair market value to a church located on the north coast. The trust's primary activity is aimed at providing these church facilities at a reduced cost, serving the religious community in an economically beneficial manner. While the trust does not have a formal mission statement as such, its actions can be interpreted as prioritizing affordability and accessibility for the church community.
Who is the CEO of Beyth Hak - Kerem Trust 1?
Louis Kayatin is the Director of Beyth Hak - Kerem Trust #1.
What is the revenue of Beyth Hak - Kerem Trust 1?
Beyth Hak - Kerem Trust 1's revenue in 2022 was $111,864.
Who are the executives of Beyth Hak - Kerem Trust 1 and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Beyth Hak - Kerem Trust 1?
Beyth Hak - Kerem Trust 1's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beyth Hak - Kerem Trust 1
Beyth Hak - Kerem Trust 1, functioning as a Property Holding Corporation, plays a unique role in providing church facilities at reduced rates. This nonprofit organization leases church premises in Lorain, Ohio, to a church located on the north coast, offering the space at less than its market value. By doing so, Beyth Hak - Kerem Trust 1 contributes to the continuation of religious activities and community gatherings, thereby promoting spiritual growth and social cohesion. The trust's mission can be seen as an act of charitable support, enabling a church to thrive and serve its congregation, thereby contributing positively to the local community.
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Impact
October, 2024
Beyth Hak - Kerem Trust 1 plays a significant role in the community by providing church facilities in Lorain, OH at rents below fair market value. This support enables the church to allocate more resources toward its mission and activities, fostering spiritual growth and community engagement. By offering affordable space, the trust contributes to the vibrancy of religious life in the region, allowing the church to serve its congregation and the wider community more effectively. The impact of this arrangement extends beyond financial relief; it enhances the church's capacity to host events, outreach programs, and essential services that benefit local residents. Overall, Beyth Hak - Kerem Trust 1 supports the religious and social fabric of Lorain, making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Beyth Hak - Kerem Trust 1. 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.
- Gross Receipts: $111,864
Assets and Liabilities:
- Total Assets: $3,571,599
- Total Liabilities: $0
- Net Assets: $3,571,599
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Organization Details
Founding Year
1995
Phone
(440) 960-1100Principal Officer
Louis Kayatin
Main Address
4125 LEAVITT ROAD, LORAIN, OH, 44053
NTEE Category
Code: X110 - Religion related
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