Overview
What is Indiana Disciples Housing Corporation?
Indiana Disciples Housing Corporation, operating under the name Ken-Mar Apartments, is a nonprofit organization situated in Marion, Ohio. Their primary mission is to provide housing solutions for low-income elderly individuals, adhering to sections 8 and 223(F)/207 of the National Housing Act. They have an agreement with the Department of HUD to ensure that their services meet the necessary standards. With a dedicated team of five employees, they strive to create a comfortable living environment for their elderly residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars, 71%
Indiana Disciples Housing Corporation has received a two-star rating with an overall score of 71%, indicating that while the organization demonstrates some strengths in governance and financial accountability, there are significant areas needing improvement. The organization boasts a fully independent board with 100% of its members meeting independence criteria, which reflects a strong commitment to ethical governance.
However, the rating highlights critical deficiencies in policies and transparency. The lack of a whistleblower policy and document retention policy, alongside missing tax forms on the nonprofit's website, suggests potential weaknesses in operational oversight. Additionally, the organization faces challenges with its liabilities to assets ratio, which is notably high at 260.77%, indicating financial risk.
Despite these limitations, Indiana Disciples Housing Corporation maintains a strong program expense ratio of 92.28%, showcasing its dedication to deploying funds towards its mission. Addressing the identified governance and financial transparency issues will be essential for improving its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Indiana Disciples Housing Corporation legitimate?
Indiana Disciples Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indiana Disciples Housing 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: $160,962
For more financial information, click here
What is the mission statement of Indiana Disciples Housing Corporation?
Indiana Disciples Housing Corporation is committed to providing housing for low-income elderly individuals. They accomplish this under the provisions of Section 8 and 223(F)/207 of the National Housing Act, through an agreement with the Department of Housing and Urban Development. The organization's primary goal is to ensure that elderly individuals with limited income have access to suitable housing, thereby improving their quality of life. Their efforts are in line with the national housing act, aiming to provide a stable living environment for this vulnerable group.
Who is the CEO of Indiana Disciples Housing Corporation?
Roger Alan Maxwell is the President of Indiana Disciples Housing Corporation.
What is the revenue of Indiana Disciples Housing Corporation?
Indiana Disciples Housing Corporation's revenue in 2023 was $1,041,937.
Who are the executives of Indiana Disciples Housing Corporation and what are their salaries?
The average compensation at Indiana Disciples Housing Corporation during 2023 was $32,192. There are 5 employees and 2 volunteers at Indiana Disciples Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Indiana Disciples Housing Corporation?
Indiana Disciples Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Indiana Disciples Housing Corporation
Indiana Disciples Housing Corporation is dedicated to providing housing solutions for low-income elderly individuals. Operating under agreements with the Department of Housing and Urban Development (HUD), the corporation implements Section 8 and 223(F)/207 of the National Housing Act. This nonprofit organization's mission is to ensure that elderly individuals in need of housing assistance have a secure living space, thereby enhancing their overall quality of life.
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Impact
October, 2024
Indiana Disciples Housing Corporation significantly contributes to the well-being of low-income elderly individuals by providing affordable housing options. Operating under the provisions of Section 8 and Section 223(f)/207 of the National Housing Act, this organization ensures that older adults have access to safe and secure living environments.
By collaborating with the Department of Housing and Urban Development (HUD), it addresses the critical need for housing among vulnerable populations in Marion, Ohio. The availability of such housing not only alleviates financial burdens for elderly residents but also enhances their quality of life, promoting stability and community engagement. Through its efforts, Indiana Disciples Housing Corporation plays a vital role in fostering a supportive environment where seniors can thrive and maintain their independence.
This information is meant to be a general summary of Indiana Disciples Housing 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 2023.
- Investment Income: $465
- Program Service Revenue: $436,274
- Gross Receipts: $1,041,937
Assets and Liabilities:
- Total Assets: $1,191,767
- Total Liabilities: $3,107,779
- Net Assets: -$1,916,012
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS-NET
Revenue
$436,274
Organization Details
Founding Year
1978
Phone
(740) 382-4885Principal Officer
Roger Alan Maxwell
Main Address
170 EAST CENTER STREET PO BOX 1806, MARION, OH, 433011806
NTEE Category
Code: L20 - Housing
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