Overview
What is Kenwood Place Ii Inc?
Kenwood Place II Inc is a nonprofit organization dedicated to offering affordable housing solutions to the elderly. Situated within its community, the elderly residents of Kenwood Place II contribute a portion of their rent, which is determined by their financial capabilities, as overseen by the U.S. Department of Housing and Urban Development (HUD). The rent for these seniors is further subsidized by HUD's approval, ensuring that they can maintain a comfortable living environment within their means.
Is Kenwood Place Ii Inc legitimate?
Kenwood Place Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenwood Place Ii 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: $30,012
For more financial information, click here
What is the mission statement of Kenwood Place Ii Inc?
Kenwood Place II, as an organization, is committed to providing affordable living accommodations for the elderly. The tenants pay a portion of the rent, which is determined by their financial capabilities, as evaluated by HUD. The rental costs are further subsidized by HUD's financial approval, ensuring that elderly individuals with limited income can secure suitable housing. This initiative aims to provide a sense of independence and comfort to the elderly population, allowing them to maintain a decent living standard in their golden years.
Who is the CEO of Kenwood Place Ii Inc?
Michael Petrie is the President/Secretary of Kenwood Place Ii Inc.
What is the revenue of Kenwood Place Ii Inc?
Kenwood Place Ii Inc's revenue in 2023 was $190,264.
Who are the executives of Kenwood Place Ii Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kenwood Place Ii Inc?
Kenwood Place Ii Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kenwood Place Ii Inc
Kenwood Place II, as a nonprofit organization, is dedicated to providing affordable housing for the elderly. The elderly residents of this community pay a portion of their rent, with the amount determined by their financial capabilities, as overseen by the HUD (Department of Housing and Urban Development). This rental subsidy is made possible through HUD's approval, ensuring that the elderly population can maintain housing without being financially burdened. By offering this service, Kenwood Place II plays an essential role in ensuring that the elderly have a safe and affordable living environment.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Kenwood Place II Inc plays a crucial role in addressing the housing needs of low-income elderly individuals in Indianapolis, Indiana. By providing affordable housing options, the organization helps ensure that seniors living on limited incomes have a secure and stable place to call home.
Tenants at Kenwood Place II pay rent based on their financial capacity, which is assessed according to guidelines set by the U.S. Department of Housing and Urban Development (HUD). This structure not only empowers residents by making housing costs manageable but also enhances their quality of life by alleviating financial burdens that often accompany aging.
Moreover, Kenwood Place II contributes to the community by promoting social well-being among seniors. Having access to appropriate housing fosters a sense of community, dignity, and independence for elderly residents, allowing them to remain active and engaged in their surroundings. Overall, Kenwood Place II Inc significantly impacts the lives of its residents and the broader community by prioritizing accessible and quality housing for vulnerable populations.
This information is meant to be a general summary of Kenwood Place Ii 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 2023.
- Investment Income: $7,442
- Program Service Revenue: $182,822
- Gross Receipts: $190,264
Assets and Liabilities:
- Total Assets: $459,628
- Total Liabilities: $95,315
- Net Assets: $364,313
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SECTION 8 HAP PAYMENTS
Revenue
$114,236
TENANT RENT
Revenue
$65,598
TENANT CHARGES
Revenue
$1,583
LAUNDRY AND VENTING
Revenue
$1,405
Organization Details
Founding Year
1989
Phone
(317) 845-4171Principal Officer
Michael Petrie
Main Address
441 WEST MICHIGAN STREET, INDIANAPOLIS, IN, 46202
NTEE Category
Code: L22 - Housing
If you are a representative of Kenwood Place Ii Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.